-
- January 14 2025
BOC Insurance, Taiping Re China get NFRA approval to set up Shanghai reinsurance centre branches
The two companies will operate from the Shanghai International Reinsurance Trading Centre, the international reinsurance trading platform in the Lingang pilot free trade zone.
-
- January 14 2025
Newline Asia appoints Andy Ang as senior underwriter for financial lines, liability
Kuala Lumpur-based Ang will report to Simon Moi, the carrier's chief underwriting officer for Asia.
-
- January 13 2025
Economic troubles, geopolitical instability, climate change major challenges for 2025 (re)insurance market
Headwinds are forcing (re)insurers to adjust their pricing strategies, enhance risk assessment models and focus on sustainable investments, market sources tell IAN.
-
- January 9 2025
Tibet earthquake payments top US$60,000 from Chinese insurers
- Earthquake
- China
- China Continent P&C
- China Pacific Insurance P&C
- China Re
- China Taiping
- PICC Property and Casualty
- Ping An
- Sunshine Insurance
88 reports, with a total of 20 claims, have been made to insurers, including PICC, China Continent, China Taiping and Sunshine.
-
- January 9 2025
Coface names Karen Ong as head of commercial for Singapore
Ong has been at the trade credit insurer for over eight years, most recently as regional head of commercial operations.
-
- January 8 2025
WTW appoints Marsh’s Ostwald Lam as associate director in Hong Kong
Lam, who has around 25 years of industry experience with expertise in claims, will focus on the broker's claims services.
-
- January 8 2025
Renewable energy transition strategic focus in Asia, Charles Taylor says
Nearly US$100trn of infrastructure needs to be built worldwide over the next 25 years, including in Japan, Taiwan, China and Vietnam, says Stephen Thorpe, managing director for Asia at the global loss adjuster.
-
- January 7 2025
Chubb elevates Carles Tondo as head of property and technical lines in Singapore
In his new role, Tondo will be responsible for fire, terrorism, construction, power generation and energy.
-
- January 6 2025
Sedgwick shuffles Asian leadership group with key moves in Taiwan, Japan
Global adjuster promotes Cameron Lee to chief executive officer in Taiwan, with Shuji Tanaka taking up a new role in Japan.
-
- January 3 2025
Labuan Re names Zaid Aziz Ibrahim as officer in charge following CEO exit
Kuala Lumpur-based Ibrahim currently serves as the chief underwriting officer and has been with the company since 2020.
-
- January 3 2025
Hong Kong-based MGA Hawkes Bay Underwriting resumes status as Lloyd’s coverholder
Resumption will enhance marine capacity to US$10 million, chief operating officer and head of marine specialty Manson Ma says.
-
- January 3 2025
APAC 1.1 renewal dynamics tilt towards buyers: Gallagher Re’s Mark O’Brien
Reinsurers looking to write more and cedents holding limits or buying less drove down prices, said the broker's regional head.
-
- January 2 2025
1.1 property cat renewals see up to 15% rate reductions
Increased reinsurer appetite and reinsurance capacity, as well as muted demand from cedents, signal a return to a soft market in Asia.
-
- January 1 2025
Sedgwick hires Shuji Tanaka as head of Japan
Tokyo-based Tanaka previously spent 32 years at Tokio Marine & Nichido Fire Insurance, specialising in claims management of casualty and liability insurance.
-
- December 30 2024
China’s PICC P&C announces continuation of deals with PICC Reinsurance, PICC HK
Reinsurance agreements include treaty and facultative reinsurance, covering all lines of property and casualty insurance risks.
-
- December 27 2024
Indian non-life insurers grow premiums by 12.8% to US$34bn in 2023-24
Health insurance reported 19.5% growth, while the motor segment saw a year-on-year premiums growth of 13%.
-
- December 23 2024
1.1: property cat, casualty rates softening, terms and conditions hold
The market is paying more attention to war risk as geopolitical risks and continuing conflicts weigh on carriers.
-
- December 20 2024
International Group P&I 2025-26 renewals see rate hikes across categories
Fully cellular container ships (FCC) experience the largest rate increase, rising by 23.6%, while clean tankers see an 8.9% increase.
-
- December 18 2024
Scor hires Amy Fu as APAC commercial head for SBS insurance arm
"Newly created global commercial team is now complete", says Scor Business Solutions (SBS) chief commercial officer Benjamin Auray.
-
- December 17 2024
APAC finpro rates flat to 10% down in 2024: WTW
Asia Pacific saw 5-10% reductions for D&O and PI covers with crime staying flat and fund managers pricing flat or up to 10% down and cyber fluctuating within 5% in ANZ markets.
