Country: Asean Page 22 / 137
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- June 12 2024
Singapore Airlines offers compensation to passengers on turbulence-hit flight: reports
Passengers with minor injuries have been offered US$10,000, while those with sustained serious injuries and require long-term medical care are offered an advance payment of US$25,000 to address their immediate needs.
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- June 11 2024
Asian geopolitical threats cast a shadow in boardrooms
Demand for political violence coverage continues to increase while reinsurance capacity and appetite are reducing over fears that escalation in the South China Sea could disrupt supply chains and trigger civil unrests.
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- June 7 2024
Marsh takes Gallagher’s Christine Francis as mining practice lead for Asia
For her new role, Francis, who was most recently client manager - national mining team at Gallagher, will relocate from Perth to Singapore.
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- June 7 2024
Philippine regulator places two local non-life insurers under conservatorship
The Premier Life and General Assurance and Travellers Insurance and Surety have received cease-and-desist orders from the Insurance Commission.
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- June 7 2024
Seadrif FY2023 net profit up 84% on deferred income
The regional catastrophe risk platform saw loss from its insurance operations widen in 2023, but its profit was lifted by surplus grants from the MAS and the World Bank.
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- June 5 2024
Marsh taps Axa XL for Asia political risk team build out
Singapore-based Lim Mei Yean was most recently business development manager for Asia at Axa XL.
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- June 5 2024
Seadrif mandates Gallagher Re as its reinsurance broker and risk advisor
The broker will be also responsible for the placement of reinsurance in international markets and the provision of strategic advisory services to the Asean cat risk facility.
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- June 5 2024
Specialist Risk Group eyes Asia expansion with focus on specialisms
The Temasek and Warburg Pincus-backed UK broking group will consider acquisitions to build a hub in Singapore.
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- June 5 2024
Guillaume Mirabaud appointed CEO of Axa Thailand General Insurance
Mirabaud was most recently the chief executive of Axa Korea, where he had also served as the CFO and general secretrary from 2019.
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- June 4 2024
Zurich Malaysia promotes Nur Fatihah Mustafa to family takaful CEO
Kuala Lumpur-based Mustafa, who was most recently Zurich's head of family takaful strategy planning, becomes the first female CEO to lead a takaful operator in Malaysia.
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- June 3 2024
Seoul Guarantee Insurance partners Asuransi Asei to grow Indonesian surety presence
The two insurers will explore new revenue models and establish joint underwriting and reinsurance plans for the surety and credit insurance markets.
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- June 3 2024
QBE Asia brings on board Thomas Miller’s Alexander Bland as regional specialty claims head
Singapore-based Bland will report to Vick Rajaswaran, regional head of claims, and oversee specialty claims strategy and performance across Asia.
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- June 3 2024
Vietnam National Reinsurance’s underwriting results to stay favourable: AM Best
The ratings agency has affirmed VinaRe's financial strength rating of "B++" (good) with a stable outlook.
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- May 31 2024
Allianz Commercial appoints Barbara Williams to Asia managing director for finance
Williams, who was most recently director of finance for the insurer's Canada branch, will relocate to Singapore and will be responsible for managing core financial functions across Asia.
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- May 30 2024
Emerging carbon credit insurers take roots in Asia Pacific
Specialist players like Kita and Oka have recently set up shop in the region as the market here is growing with Australia, Japan and Singapore leading the way.
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- May 29 2024
Great Eastern’s minority shareholders demand better offer from OCBC: report
The take-private offer is priced at a 30% discount to the Singaporean insurer's embedded value, a metric often used to value insurance firms elsewhere, shareholders say.
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- May 29 2024
AM Best upgrades Philippine non-life market outlook to stable
The market experienced double-digit increases in the casualty, health and accident lines of business in 2023 with GWP growing 13% year-on-year.
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- May 28 2024
Singapore Airlines turbulence puts new risks on the radar
Allianz-led liability program for the airline was placed by Gallagher and Sedgwick has been retained as the loss adjuster, IAN can reveal.
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- May 27 2024
Zurich Singapore names Matthew Graves as chief claims officer
Graves will report to Singapore CEO Liam Burrell and have oversight over commercial and retail segments.
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- May 27 2024
Tropical cyclone landfalls in East Asia set to be above-normal: Guy Carpenter
The western North Pacific region will likely see 19 to 21 tropical cyclone formations this year, which is near-normal activity, according to the reinsurance broker.
