Country: Asean Page 42 / 145
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- September 28 2023
Gallagher Re takes Guy Carpenter’s Linda Purnama to lead Indonesia
Singapore-based Purnama joins the broker from her previous role as GC's managing director covering Vietnam and the Philippines.
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- September 28 2023
Asian Reinsurers’ Summit reaffirms need to foster closer collaboration among Asian reinsurers
Malaysian Re hosted the three-day conference of 11 national reinsurers from the region in Kuala Lumpur from September 25-27.
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- September 28 2023
Analytics: Singapore’s H1 P&C underwriting profits nearly double
(Re)insurers benefited from strong premium growth in engineering and credit lines and a lower claims tally, however aviation hull and cargo GWP declined, according to MAS data.
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- September 27 2023
Hiscox sells DirectAsia to Roojai parent Ignite Thailand
DirectAsia is primarily a motor insurer in Singapore and Thailand and had gross written premiums of US$52.5m in 2022.
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- September 27 2023
Mega cargo vessels present growing claims issues for Asia ports
Cargo from larger ships is exposed to potentially higher risks by staying in ports longer, increasing the prospect of claims in relation to theft, delays in delivery, flooding, defrosting and container damage.
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- September 25 2023
Philippines proposes new 2% tax on non-life premiums: report
The proposed new bill also aims to impose a one-time documentary tax stamp for insurance policies exceeding US$1,800.
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- September 25 2023
Nat Re’s underwriting to improve on exit from unprofitable non-life treaties and focus on life, specialty: AM Best
The rating agency has affirmed the reinsurer ratings of the Philippines' sole reinsurer.
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- September 22 2023
AM Best affirms Samsung Fire’s rating with its long-term insurance business driving profits
The carrier’s Indonesian subsidiary Samsung Tugu reported a five-year average combined ratio of 57%, the rating agency noted.
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- September 21 2023
Bolttech raises US$50m from LeapFrog in extended Series B round
The Singapore-based insurtech will use the proceeds to fund its global growth strategy, with a focus on emerging markets.
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- September 20 2023
Miller rolls out APAC treaty team with Lockton Re raid
The team led by Richard Broad will see Bruce Ford and Pei Nee Goi join him in Singapore, while Jo Garnett and Hui Sin Low join in Malaysia.
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- September 19 2023
Aon names Cathryn Neo as Asia associate director, transaction solutions
Singapore-based Neo, a former legal practice partner, takes charge of the broker's litigation and contingent risks business in the region.
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- September 19 2023
What explains Singapore’s quiet broker M&A market?
While there has been some activity around the fringes over the last 12 months, organic growth appears more attractive.
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- September 15 2023
Miller taps Lockton’s Richard Broad as head of treaty reinsurance APAC
Singapore-based Broad's appointment follows a recent leadership rejig at the specialist broker that saw Nigel Cross named head of facultative reinsurance in the region.
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- September 15 2023
Lockton names Piers Hughes Asia head of reinsurance
Hughes, who started in the role on September 13, will continue to be based in Singapore and report to Warren Merritt, regional CEO - Asia Pacific.
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- September 14 2023
Pacific & Orient Insurance to see more underwriting stress ahead: Fitch
Fitch Ratings has affirmed the company an insurer rating of'BBB+' (good), with a stable outlook mainly taking into account strong capitalisation.
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- September 13 2023
Indonesia’s Mega Insurance to pare credit insurance portfolio: Fitch
Fitch Ratings has affirmed an insurer rating of 'A+ for the company with a stable outlook while its COR improved to 87% in FY 2022 as against 93% in FY 2021.
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- September 11 2023
Chubb elevates Nelson Turk to Thailand head of P&C
In his new role, Bangkok-based Turk will lead the carrier's growing portfolio in the country.
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- September 11 2023
US sanctions jet-fuel shipments to Myanmar: IGP&I
While restrictions apply only to fuel for military purposes, in practice, it may be impossible to prove that shipments are only for civil aviation, which may lead to exclusions in P&I cover.
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- September 8 2023
Tysers Singapore ropes in Babita Rai as reinsurance MD
In her new role, Rai will lead the AUB Group-owned Lloyd's wholesale broker's reinsurance operations in the Lion City.
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- September 7 2023
Chubb Singapore’s Jerry Ng to lead consumer and bancassurance, Eric Kwan handed distribution role
Both Ng and Kwan will report to Hng Keng Yoong, GI country president for Chubb, in their expanded roles.
