Country: Asean Page 8 / 139
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- April 1 2025
Thai insurers set to halt free coverage in wake of devastating earthquake
Thai General Insurance Association president Somporn Suebthawilkul says insurers must reassess and adjust their strategies to manage growing risks from natural disasters.
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- April 1 2025
Aon Re names Soeren Soltysiak Asia CEO in regional leadership rejig
Reinsurance solutions also appoints Musa Adlan as MD for Asia and announced new co-heads for L&H, retrocession and a chairman for APAC specialty.
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- March 31 2025
Thai high-rise collapse claim could top US$29m as earthquake clean-up begins
Interior minister orders investigation into the collapse of the 30-storey building in the Chatuchak district, which was set to be the new home of the State Audit Office.
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- March 31 2025
Myanmar’s protection gap exposed as 7.7-magnitude earthquake death toll tops 1,600
The financial burden from the damage to buildings, airports, roads and bridges, is likely to fall on businesses and the government as insurance penetration in the country remains very low.
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- March 28 2025
7.7-magnitude earthquake rocks Myanmar, leads to road and property damage in Bangkok
Earthquake also shook buildings and triggered evacuations in neighbouring Vietnam and southwest Yunnan province in China.
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- March 27 2025
Amid abundant capacity, 1.4 renewals could see double-digit rate drop: Aon’s George Attard
APAC reinsurance solutions CEO tells IAN ahead of key renewals that a continuation of 1.1 dynamics has resulted in a favourable environment for buyers.
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- March 26 2025
Swiss Re CorSo promotes Nupur Sharma to senior property underwriter
Singapore-based Sharma has been with the company for eight and a half years, having previously worked for Allianz Global Corporate & Specialty.
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- March 25 2025
Specialist Risk Group formally launches in APAC with Singapore hub
Business says it will focus on delivering solutions for difficult and hard-to-place risks, with an emphasis on specialty lines and complex P&C.
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- March 25 2025
Everest hands Henry Ang dual PVT, property role
Singapore-based Ang assumes role of head of political violence and terrorism for Asia, as well as property underwriting.
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- March 24 2025
Singapore’s general insurance GWP rises 6.3% to US$8bn in 2024
Underwriting profit, across the domestic and offshore segments, grew 5.6% to US$480m, the General Insurance Association of Singapore said.
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- March 24 2025
Marein sees cat impact on capital as non-life premiums surpass life: Fitch
The rating agency has affirmed the Indonesian reinsurer's rating of AA-(idn) with a stable outlook.
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- March 21 2025
Aon appoints Esther Kim as treaty director
Based in Singapore, she will report to Katy Fairweather, head of global reinsurance clients for Asia, having joined the Korea and regional team.
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- March 21 2025
Indonesia’s non-life GWP up 13.8% to US$46.7bn in 2024
Underwriting result for P&C insurance segment decreased more than tenfold to US$666m, while reinsurance saw a US$66.6m loss.
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- March 21 2025
Despite Typhoon Yagi losses, Hanoi Re to maintain strong capital buffers: AM Best
Global rating agency affirms insurer rating of B++ (good) for the reinsurer, with a stable outlook.
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- March 21 2025
Vietnam’s PVI Insurance to benefit from profitable commercial, retail lines: AM Best
Global rating agency affirms insurer rating of A- (excellent) with a stable outlook for Vietnam's largest non-life insurer.
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- March 20 2025
Steamship Mutual elevates Jamie Taylor as APAC managing director
Singapore-based Taylor, who was CEO of the Singapore branch prior to the move, spent over 17 years with the P&I Club.
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- March 20 2025
Lockton strengthens marine, energy team in Singapore with Howden hire
Cindy Khoo, who joins the broker as head of business development for marine and energy, will report to Asia head of marine Sung Wook Han.
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- March 20 2025
Philippines 1.4 renewals ‘smooth and steady’, with XoL rates softening by 5-10%
Process more stable compared to last year, and as reinsurers have remained disciplined, negotiations are more predictable and capacity availability has improved, brokers say.
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- March 19 2025
Malaysia’s flood losses up 23.5% to US$207.5m in 2024: report
Losses, which equate to about 0.05% of the country’s nominal GDP, were mostly from home, while commercial losses were nearly flat year-on-year
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- March 19 2025
‘Narrower, deeper’: US specialty insurer not resting on its laurels with energy, marine, specialty plans for Asia
The Hartford opened its third operation in Asia earlier this year, with Hartford Underwriting Agency CEO Carl Bach telling InsuranceAsia News that it also has one eye on adding cyber to its offering in the region.
