Country: Asean Page 22 / 152
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- March 21 2025
Indonesia’s non-life GWP up 13.8% to US$46.7bn in 2024
Underwriting result for P&C insurance segment decreased more than tenfold to US$666m, while reinsurance saw a US$66.6m loss.
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- March 21 2025
Despite Typhoon Yagi losses, Hanoi Re to maintain strong capital buffers: AM Best
Global rating agency affirms insurer rating of B++ (good) for the reinsurer, with a stable outlook.
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- March 21 2025
Vietnam’s PVI Insurance to benefit from profitable commercial, retail lines: AM Best
Global rating agency affirms insurer rating of A- (excellent) with a stable outlook for Vietnam's largest non-life insurer.
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- March 20 2025
Steamship Mutual elevates Jamie Taylor as APAC managing director
Singapore-based Taylor, who was CEO of the Singapore branch prior to the move, spent over 17 years with the P&I Club.
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- March 20 2025
Lockton strengthens marine, energy team in Singapore with Howden hire
Cindy Khoo, who joins the broker as head of business development for marine and energy, will report to Asia head of marine Sung Wook Han.
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- March 20 2025
Philippines 1.4 renewals ‘smooth and steady’, with XoL rates softening by 5-10%
Process more stable compared to last year, and as reinsurers have remained disciplined, negotiations are more predictable and capacity availability has improved, brokers say.
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- March 19 2025
Malaysia’s flood losses up 23.5% to US$207.5m in 2024: report
Losses, which equate to about 0.05% of the country’s nominal GDP, were mostly from home, while commercial losses were nearly flat year-on-year
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- March 19 2025
‘Narrower, deeper’: US specialty insurer not resting on its laurels with energy, marine, specialty plans for Asia
The Hartford opened its third operation in Asia earlier this year, with Hartford Underwriting Agency CEO Carl Bach telling InsuranceAsia News that it also has one eye on adding cyber to its offering in the region.
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- March 18 2025
Howden Specialty continues APAC energy buildout with Sedgwick veteran hire
Singapore-based David Chin joins the broker as head of energy claims for its natural resources team.
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- March 18 2025
Howden Private Wealth bolsters APAC team with double leadership promotion
The high net-worth insurance broker has elevated Bryan Pee to Singapore and Malaysia CEO, while Shirley Sy has been named Hong Kong deputy CEO.
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- March 17 2025
QBE Asia strengthens Japan fac offering with Guy Carpenter veteran
Singapore-based Chie Yamamura will take over as the insurer's head of Japan desk effective from April 1.
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- March 17 2025
Aon names Nick Brown as Thailand director, head of natural resources
Brown, who was most recently director of natural resources for Asia, has spent seven years at the broker based in Jakarta, Singapore and Malaysia.
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- March 14 2025
MSIG expands Hong Kong, Singapore political risk and trade credit lines with US tie-up
Partnership will help carrier capitalise on growing demand for specialised cover in the region, leveraging US-based underwriting expertise alongside strong local presence and market knowledge.
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- March 12 2025
Philippines extends PFRS 17 deadline until January 2027
Last year, the Insurance Commission mandated adoption of a new accounting standard - which aligns with the International Financial Reporting Standard 17 (IFRS 17) - by January 1, 2025.
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- March 12 2025
Christopher Lindsey joins Willis as MD for risk, analytics in Asia
Lindsey has been with WTW since September, having previously spent just over three years at rival Marsh.
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- March 11 2025
Gallagher expands in Philippines with Philinsure acquisition
Global broker increases minority stake in the Philippines-based broker it has held since 2016.
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- March 10 2025
Lights, camera, action: specialist MGA seeks to punch above its weight, prove good things come in small packages
Film and event specialist Circles Group, which has offices in Hong Kong and Singapore, plans to grow further into China, South Korea and Singapore.
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- March 6 2025
Greater Jakarta floods submerge houses, malls and shut factories
Widespread damage to transportation, hospitals, commercial areas, warehouses, offices, and thousands of houses reported, according to McLarens.
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- March 6 2025
MSIG Singapore hires Darren Say to lead broker development
He joins having spent over five and a half years at Chubb, having also worked for the likes of QBE, Axa and Aon.
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- March 4 2025
Thailand’s Allianz Ayudhya targets 12% premium growth amid product expansion
The carrier will focus on health, SME and home products, while also growing Allianz Commercial's property, engineering, transportation, and liability offerings for large businesses and corporates.
