Country: Asean Page 38 / 135
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- June 5 2023
Petronas’ captive could see further stress ahead, outlook negative: AM Best
Outlook for Energas Insurance, which had a COR of 106% for FY 2022, has been downgraded to negative by the rating agency.
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- June 5 2023
Financial lines remain key to BMS Asia growth plans
The broker is focusing on 'building out and strengthening existing offices' in Asia, while seeking to be a 'viable alternative to the large broking houses' in Australia.
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- June 5 2023
Everest Insurance hires Glen Browne as head of international corporate strategy
Singapore-based Browne previously had a senior regional role for Chubb's personal lines business.
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- June 2 2023
Miller taps Lockton’s Craig McCoig-Lees for APAC reinsurance build-out
Singapore-based McCoig-Lees will support the broker's facultative and treaty offerings in the region.
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- June 2 2023
Volante targets treaty, fac and M&A cover with Lloyd’s Asia launch
The specialty player will be led by Amy Fu in Singapore with initial lines to include property, engineering, motor, casualty and marine.
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- June 1 2023
Pop Holdings hires Sergei Korol as chief operations and finance officer
Singapore-based Korol will be in charge of building up the specialty insurance group, including MGA Fusion and tech arm io.insure.
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- June 1 2023
Typhoon Mawar threatens Japan after slamming Guam
The storm, which is skirting the Philippines and Taiwan and heading to the Okinawa Islands, is one of the most powerful on record for May.
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- May 26 2023
Labuan struggles to reignite interest as global insurance hub
Covid-19 may be over but global capital still isn’t returning to Malaysia’s offshore centre.
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- May 25 2023
Singapore insurers report 58% dip in 2022 profits despite premium growth: MTI
The 2022 economic survey noted that general insurers in the Lion City reported a 9.7% growth in GWP while the overall finance and insurance sector in the country shrank by 0.9%.
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- May 24 2023
Manila Central Post Office insured for US$11m with state-owned GSIS
The Government Service Insurance System (GSIS) will provide a loan to reconstruct the important building damaged in a fire on May 21.
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- May 24 2023
Indonesia carriers need to raise capital to meet new norms
OJK is proposing raising the minimum paid-up capital for non-life insurers to US$67m by 2028, from US$10m currently.
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- May 22 2023
Aspen hires Tay Boon Chuan as head of Singapore; Beatrice Morley to relocate
Veteran Tay is joining after 12 years at Tokio Marine Kiln, most recently as Asia treaty team lead, while Morley, Aspen's global head of casualty, is leaving for London.
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- May 19 2023
Philippines’ state Oriental Mindoro pushes for climate risk agri cover
Only one-third of over 10 million farm owners are covered by the country's state agricultural insurer PCIC.
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- May 18 2023
Argenta elevates Viji Ninan to Asia CEO
Singapore-based Ninan will oversee operations of the Singapore and Australia branches of Syndicate 2121.
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- May 17 2023
bolttech closes Tokio Marine-led US$196m Series B round with US$1.6bn valuation
MetLife and Khazanah among investors in the latest round by the insurtech, which will use the proceeds for organic and inorganic expansion.
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- May 17 2023
Aon launches climate hub in Singapore
The company will increase its headcount in its Centre for Innovation and Analytics (ACIA) in Singapore from the existing 180 employees to over 350.
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- May 15 2023
Vietnam National Reinsurance to see improved pricing, underwriting growth: AM Best
Underwriting results improved in 2022, driven by favourable attritional and catastrophe loss experience, and a reduced expense ratio.
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- May 11 2023
Generali launches unified brand for Malaysian general insurance arms
Axa Affin and MPI Generali Insurans will now operate under an integrated Generali Malaysia brand.
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- May 11 2023
PI specialist ITIC targets Hong Kong and Singapore for regional expansion
The carrier is moving away from marine to aviation and offshore energy, Robert Hodge, head of South-East Asia, tells IAN.
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- May 10 2023
Starr Insurance expands Malaysia operations with Labuan branch
Starr Labuan, to be overseen by Rawi Letchumanan, will take over all new and renewal business previously produced by Starr Underwriting Agents (Labuan).
