Country: Asean Page 39 / 133
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- March 14 2023
Markel hires downstream energy underwriter from Scor in Singapore
JJ Wong has become one of five downstream underwriters at the global player.
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- March 13 2023
La Niña has ended with chances of El Niño, says US agency
The average global temperature tends to be higher during El Niño, with scientists forecasting the summer of 2023 to be among the hottest globally.
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- March 13 2023
Fac broker Reggie Choo to join Miller in Singapore
Choo joins Miller from Bowring Marsh at a time when facultative (re)insurance becomes increasingly in demand in Asia.
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- March 9 2023
Mosaic launches on Lloyd’s Singapore platform
Benn Wilson has been appointed as the regional CEO for the specialty carrier, which will be managed by Asta.
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- March 9 2023
Exclusive: Philippines oil spill could cost Shipowners’ Club over US$100m
IAN understands that the P&I club is the sole insurer on a sunken oil tanker that was carrying 800,000 litres of toxic fuel oil.
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- March 8 2023
PIAM issues climate change warning amid serious Johor flooding
As severe flooding moves beyond the monsoon season, there is demand for a government-supported flood scheme through a public-private partnership.
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- March 6 2023
UOI appoints Andrew Lim chief executive, founders retire
Wee Cho Yaw and Hwang Soo Jin, who were the founders of the Singaporean carrier, will retire as directors on April 14, 2023.
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- March 3 2023
Lexasure plans regional (re)insurance expansion after US$250m SPAC deal
The group, which owns broker Acurra International, Front Street Re and the Archipelago Group, is expected to start trading on Nasdaq later this year.
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- March 2 2023
HDI Global grows its Asean presence with Bangkok office
The new regional division will be led by Somchai Trongwisalpattana who joins HDI Global as marketing director.
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- February 28 2023
Everest Re names Kevin Bogardus Singapore chief executive
Bogardus has been Everest Re's APAC head of business development since September.
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- February 28 2023
DB Insurance acquires Vietnam National Aviation Insurance
The Korean carrier, in its second Vietnamese acquisition, has picked up a 75% stake in the Hanoi-based P&C insurer.
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- February 27 2023
Philippine regulator’s cat rate hike legally vulnerable: report
The Anti-Red Tape Authority has pointed out that the now-deferred insurance premium increase did not go through a mandatory regulatory impact assessment.
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- February 26 2023
Vietnam’s PVI Insurance COR improves to 90%, premium grows 17%
The carrier, which has been handed a rating upgrade by AM Best, will see its reinsurance arm PVI Re's CAR strengthen with a capital injection in Q1 2023.
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- February 24 2023
Axa continues pivot from nat cat reinsurance
Axa XL's property cat premiums fell 36% in FY 2022, while the French giant saw Asia P&C profits rise 34% to US$109m.
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- February 23 2023
Tune Protect’s COR deteriorates to 107.6%, GWP increases 36%
In FY 2022, the Malaysian insurer recorded its highest gross written premium since 2013 at US$128m.
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- February 22 2023
CoverGo appoints Adrit Raha as APAC managing director
Singapore-based Raha joins from another insurtech and will help the company with its regional expansion plans.
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- February 21 2023
KB Insurance Indonesia rides on motor line growth, parent support: Fitch
The carrier's premiums grew at 25% in 2022, 52% in motor premium line.
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- February 21 2023
Opinion: Asia’s mega rail projects to ignite premium boom
The China-backed infra projects set to generate US$14bn by 2030 come as a blessing for local and international carriers.
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- February 20 2023
General takaful outpaces conventional market in Malaysia: report
Islamic insurance grew 10.3% between 2017 and 2021 while the broader P&C market grew only 0.6% in the same period.
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- February 20 2023
Jansen Sulaeman returns to WTW for Asia fac build out
As head of business development, Singapore-based Sulaeman will help drive facultative reinsurance growth in the region.
