Country: Asean Page 5 / 132
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- January 23 2025
Malaysian Re in good stead ahead after business revamp: AM Best
Global rating agency affirms A- (excellent) insurer rating with a stable outlook, driven by a very strong balance sheet, adequate operating performance and a neutral business profile.
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- January 22 2025
APAC records nat cat insured losses at US$8bn in 2024, the lowest since 2012: Gallagher Re
Three events - China seasonal floods, Typhoon Yagi, and Japan’s Noto Peninsula Earthquake - drove 68% of economic losses, or US$88bn, in the region.
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- January 22 2025
First for Vietnam as Circles Group, Bao Minh Insurance offer film, event solutions
MGA will provide A-rated capacity, products and underwriting, while the Vietnamese insurer will offer distribution and local regulatory paper.
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- January 22 2025
Price Forbes Singapore adds energy specialism with senior Aon hire
Ardonagh Group-owned specialty broker appoints Alex Davies as director of power, downstream and renewables.
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- January 21 2025
East, South-East Asia record 72 piracy incidents in 2024, with 43 in Singapore Strait
11 large vessels targeted in the strait were over 100,000 deadweight tonnage, according to a report from the International Maritime Bureau.
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- January 21 2025
Peeravut Sukho returns to MSIG Thailand as senior vice president for business development
Bangkok-based Sukho will lead the carrier's business development team for broker and bancassurance partners, direct, affinity and digital distribution channels.
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- January 20 2025
Aon appoints Mufei Lo as Asia head of marine claims advocacy
Singapore-based Lo has over 20 years of experience in international marine, transport, and cargo insurance across Europe and Asia.
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- January 17 2025
AIG appoints Chubb’s Fery Hakim as Indonesia CEO
Hakim spent almost 11 years at Chubb, most recently as head of broker, bancassurance and multi-finance.
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- January 17 2025
Vietnam’s PTI to benefit from remedial measures, portfolio revamp: AM Best
The rating agency has affirmed rating of B++ (good) and upgraded the carrier´s outlook from negative to stable reflecting its strong balance sheet.
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- January 17 2025
Marsh Asia rejigs renewable energy team in Singapore
Martin Beck has been elevated to energy transition leader, with Robert Jones taking up the new role of renewable energy leader.
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- January 17 2025
Crawford strengthens Malaysia team with Sedgwick hire
Global loss adjuster Crawford appoints Tony Kan as director for large and complex loss.
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- January 16 2025
Itochu to acquire 20% stake in Thai general insurer
Thaivivat Insurance to carry out a US$29m private placement to the Japanese trading house for the minority stake sale.
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- January 16 2025
Vietnam’s biggest non-life carrier PVI tops US$525m premiums revenue in 2024
It accounts for 17% of total premiums collected by the country’s general insurance sector, consisting of 32 companies.
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- January 15 2025
MGA Hydor appoints Markel’s Colin Fordham as senior marine underwriter
Singapore-based Fordham was most recently senior underwriter and director of marine for Asia at Markel.
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- January 15 2025
Markel promotes Wanshi Lin to head of Singapore
Lin will oversee the local underwriting team and spearhead business planning and market engagement on the carrier's Lloyd's platform in the newly created role.
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- January 14 2025
Newline Asia appoints Andy Ang as senior underwriter for financial lines, liability
Kuala Lumpur-based Ang will report to Simon Moi, the carrier's chief underwriting officer for Asia.
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- January 14 2025
Everest partners RedRay to expand Asia medical malpractice liability coverage
Insurer appoints Singapore-based specialty MGA to quote and bind policies for the healthcare sector in the region.
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- January 14 2025
Asian IP insurance market poised for growth as legislations evolve
Emergence of South-East Asia as a manufacturing hub, and the rise of AI, driving demand for protection, observers say.
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- January 13 2025
Gany Subramaniam returns to AIG as APAC head of agency, partnership distribution
Kuala Lumpur-based Subramaniam previously spent 16 years with AIG until March 2019.
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- January 13 2025
WTW expands APAC cyber coverage with facility in Hong Kong, Singapore
Underwritten by QBE and Axa XL, solution will have a primary insurance capacity of up to US$15m.
