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- January 23 2025
Tower names Paul Johnston as interim CEO
Johnston, who was most recently CFO for the New Zealand carrier, will succeed incumbent CEO Blair Turnbull effective from February 13.
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- January 23 2025
With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
With environmental, social and governance (ESG) back in the spotlight in the first week of the new US presidency, market experts say clients are demanding liability cover amid an ever-changing regional landscape.
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- January 22 2025
APAC records nat cat insured losses at US$8bn in 2024, the lowest since 2012: Gallagher Re
Three events - China seasonal floods, Typhoon Yagi, and Japan’s Noto Peninsula Earthquake - drove 68% of economic losses, or US$88bn, in the region.
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- January 22 2025
First for Vietnam as Circles Group, Bao Minh Insurance offer film, event solutions
MGA will provide A-rated capacity, products and underwriting, while the Vietnamese insurer will offer distribution and local regulatory paper.
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- January 21 2025
East, South-East Asia record 72 piracy incidents in 2024, with 43 in Singapore Strait
11 large vessels targeted in the strait were over 100,000 deadweight tonnage, according to a report from the International Maritime Bureau.
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- January 20 2025
Aon appoints Mufei Lo as Asia head of marine claims advocacy
Singapore-based Lo has over 20 years of experience in international marine, transport, and cargo insurance across Europe and Asia.
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- January 16 2025
Australian corporate regulator appoints Scott Gregson as CEO
Gregson will take over from retiring interim Australian Securities and Investments Commission (ASIC) CEO Greg Yanco in March.
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- January 16 2025
Vietnam’s biggest non-life carrier PVI tops US$525m premiums revenue in 2024
It accounts for 17% of total premiums collected by the country’s general insurance sector, consisting of 32 companies.
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- January 15 2025
MGA Hydor appoints Markel’s Colin Fordham as senior marine underwriter
Singapore-based Fordham was most recently senior underwriter and director of marine for Asia at Markel.
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- January 15 2025
APAC insurance M&A to be fuelled by regulatory scrutiny, private equity
While large insurers and brokers are set to enter new markets, smaller players will seek partners to strengthen their capital positions under new solvency rules, sources tell IAN.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
