Country: Asean Page 25 / 145
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- September 13 2024
Super typhoon Yagi hit Vietnamese insurers with US$285m in claims payout
PVI Insurance, the largest non-life carrier, called it "a historically undesirable loss for Vietnam’s insurance industry" and for the company. The 9,000 claims filed are expected to keep rising, Ministry of Finance said.
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- September 13 2024
Ardonagh Group appoints Mark Mitchell to spearhead units’ Asia expansion
Singapore-based Mitchell will work with Ardonagh-owned Envest and Price Forbes to explore opportunities to expand their retail and wholesale broking footprint, and develop new MGA capabilities in Asia.
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- September 13 2024
Typhoon Yagi likely to impact earnings of Vietnamese insurers: AM Best
The reinsurance programmes will mitigate the impact on rated non-life insurers’ underwriting performance and would likely prevent capital events.
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- September 12 2024
Thai insurers brace for losses as Yagi remnants raise flood risk
Thailand’s meteorological department said more heavy rain is expected until September 18 with the risk of flash floods, as a northern monsoon trough is moving down and a southern one is gaining strength.
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- September 11 2024
Tokio Marine Kiln expands APAC marine team with underwriter hire
Singapore-based Stephanie Hong joins the Lloyd's player as Asia Pacific marine underwriter from Great American Insurance.
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- September 10 2024
Allianz Ayudhya General Insurance poised for robust premium growth: AM Best
AM Best has assigned a financial strength rating of “A-“ (excellent) and a “stable” outlook on Thailand's ninth-largest general insurer, citing support from Allianz Group.
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- September 9 2024
Zurich names new APAC financial lines and casualty heads in two senior appointments
The insurer has appointed Robin Cooper-Driver as head of financial lines and Edward Rayfield, who joins from AIG, as head of casualty for the region.
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- September 9 2024
Sherly Oktavia joins Oneglobal as divisional director for Asia reinsurance
Oktavia, who was most recently general manager at Tugu Insurance in Hong Kong, will relocate to Singapore for her new role.
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- September 6 2024
Typhoon Yagi wreaks havoc in Vietnam, China losses top US$100m
The storm has been downgraded to a tropical depression but the Vietnamese meteorological bureau has cautioned about ongoing risks of landslides and flooding as it continued to move westwards.
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- September 6 2024
Everest promotes Maureen Ung to Asia commercial director
Singapore-based Ung has been head of claims for the region since she joined the carrier in June 2024.
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- September 6 2024
APAC reinsurance composite’s 2023 COR improves to 91.6%: AM Best
Regional reinsurers saw revenue rise 8.8%, with much of the growth fuelled by China Re and its subsidiary Chaucer.
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- September 6 2024
Super typhoon Yagi set to bear down on southern China, Vietnam
The most intense tropical cyclone in decades in the South China Sea is expected to have severe impact in Hainan, southern China and northern Vietnam.
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- September 4 2024
Cambodia to join Asean compulsory motor insurance system
The system provides vehicle mandatory third-party liability cover to vehicles transiting across the borders of 10 Asean countries.
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- September 3 2024
Port congestion cover demand surges as geopolitical tensions lead to Asian terminals overload
As Red Sea attacks continue, the blockages in Singapore and Malaysia’s Port Klang and Tanjung Pelepas has led to supply chain disruptions, with nat cats making the regional risk landscape more complex.
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- September 3 2024
Exclusive: ARB appoints Eunice Ang as divisional director for treaty reinsurance
Singapore-based Ang, who joins from Axa, is responsible for treaty relationships within South-East Asia with a focus on Indonesian retro programs and clients in the Philippines.
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- September 3 2024
Aon’s Yen Chu Choo named APAC capital advisory leader
Singapore-based Choo will report to George Attard, APAC chief executive for Reinsurance Solutions.
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- September 2 2024
Roojai Group appoints Nicolas Fauvarque as group chief financial officer
For his new role, Fauvarque. who joins from the carrier P&V Group, has relocated to Thailand from Belgium.
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- September 2 2024
Marsh elevates Gary Chua to Singapore president
Chua has been the chief client officer for the broker since January 2023.
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- August 30 2024
Blue Marble plans Asia expansion to bring insurance to the underserved
Through public-private partnerships, developing prototypes on the ground and using AI as a way to enhance pricing and modelling, the parametric insurtech is expanding its programs in the region which its CEO Jaime de Pinies describes as a "patience game".
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- August 30 2024
Indonesian carrier Artarindo’s capital buffer sufficient to support expansion: Fitch
The rating agency also assigned a first-time national insurer financial strength rating of "A+(idn)" to the carrier with a stable outlook.
