Country: Asia Pacific Page 1 / 9
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- July 25 2024
Chubb delivers on Asia promise with impressive Q2 top-line growth
Greenberg highlights accident & health and travel insurance as strong perfomers in the region, which was the fastest growing globally with 33% net premium increase in the second quarter.
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- July 24 2024
London seeks to offer specialist capacity for ‘high-risk exposed’ Asia renewables
(Re)insurers are ready to step in to provide expertise for renewables in emerging regional economies as some of the capacity currently on offer is "naive".
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- July 23 2024
WTW promotes Steven Torresan to APAC head of M&A practice
Sydney-based Torresan will work closely with Guy Miller and Andrew Stubbings, who will assume joint responsibility to co-head the M&A Australasia business in WTW’s financial & executive risks team.
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- July 23 2024
Lloyd’s promotes Mark Dyson to chief financial officer for international
Singapore-based Dyson will lead financial teams for all markets outside the UK – including Americas, Europe, Asia Pacific, Middle East and Africa.
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- July 22 2024
BMS taps Dianne Riopelle from Marsh as energy team client manager
Based in Brisbane, Riopelle will be responsible for expanding the specialist broker's renewables, power and energy business.
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- July 19 2024
Gallagher Re reshuffles APAC leadership as Mark Morley elevated to deputy chairman international
Mark O'Brien will take over as managing director of Asia Pacific, while Morley will continue to oversee the region as chairman for APAC.
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- July 18 2024
Market dynamics positive despite geopolitical, climate risks headwinds
Severe weather events, projected to rise by 5-7% every year, geopolitical unrest, and supply chain disruption are the main systemic perils that put pressure on the insurers, according to SwissRe Corso CUO Kera McDonald.
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- July 18 2024
Asia reports lower than average economic losses due to perils in H1 2024: Gallagher Re
An active first half of 2024 saw the global economic losses at US$128bn, close to the decadal average at US$133bn.
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- July 17 2024
Opinion: Insurers in Asia need to heed shadow banking warning
Given the scale of the casualty offering which has been rolled out to financial institutions across Asia in recent years, it would be surprising if more fall-outs don’t emerge given the volatile nature of many of the risks assumed by the sector.
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- July 16 2024
Munich Re promotes Chris Baker to APAC cyber practice lead
Singapore-based Baker takes over the role from Serene Chan, who will head the carrier's P&C reinsurance business in Greater China.
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- July 15 2024
Trade credit insurers expect ‘harder’ market as insolvencies return to pre-Covid highs
A 'buyer’s market' prevails as claims have yet to exceed pre-pandemic levels. But rising geopolitical and trade tensions have boosted intra-Asia trade and insurance demand, with some carriers expanding investments in the region.
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- July 12 2024
PartnerRe hands Sasa Hu expanded role of APAC P&C CUO
Hu will remain in Hong Kong whilst also maintaining her current role of head of agriculture.
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- July 12 2024
Asia Pacific reinsurance market finds a new equilibrium
While the market is ‘finely balanced’ for now, its sustainability will depend on the loss activity in the remaining six months of 2024, according to reinsurance experts and analysts.
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- July 11 2024
Sompo ropes in AIG’s Bill Zhang as consumer lines president for APAC
Zhang will be responsible for leading the consumer lines strategy and operating model across Asia Pacific, reporting to Kenneth Reilly, APAC CEO of insurance.
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- July 10 2024
Toa Re FY 2023 net income up six-fold on investment gains
The group's net written premiums dropped 12.5% to JPY280.8bn (US$1.7bn), as its US and European subsidiaries reversed their losses posted a year ago.
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- July 10 2024
Chubb promotes Marcos Gunn as head of APAC, Paul McNamee as president of overseas GI
McNamee will be in charge of Chubb's general insurance business in 51 countries outside of North America, as Marcos Gunn will succeed his previous role as head of Asia Pacific, both effective immediately.
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- July 9 2024
Liberty Mutual’s casualty veteran Noel MacCarthy steps down after 25 years
As one of the first employees in Asia Pacific for Liberty Mutual, MacCarthy has been influential in shaping the region's casualty business for the carrier.
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- July 9 2024
Easing hard market cycle shifts carriers’ focus to APAC M&A, tech megatrends
More (re)insurers are riding on new tech trends to profit from over US$200bn premium potential, as there is also a growing interest in M&A opportunities in the region, according to Aon’s strategy and technology group.
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- July 8 2024
Tokio Marine Kiln taps Zurich’s Yang Yixiang as head of Asia Pacific A&H
The appointment is aligned with the specialty insurer's strategy of doubling its premiums written in the region through its Lloyd’s Asia platform by 2027.
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- July 6 2024
APAC to account for 8% of non-US cyber premium growth by 2030: Howden
Despite cyber insurance pricing dropping by 15% from the 2022-peak, growth opportunities abound especially among new geographies such as Asia Pacific, and niche segment such as SMEs, Howden said in its annual cyber report.
