Country: Asia Pacific Page 102 / 501
-
- January 23 2024
Hong Kong Insurance Authority appoints Clement Lau as executive director
Lau, who had worked at the city's central bank prior to the latest appointment, will be in charge of reviewing regulatory frameworks and policies affecting the insurance sector.
-
- January 23 2024
Thai Re to improve underwriting results in 2024 with COR below 100%: Fitch
The rating agency has affirmed the reinsurer's rating at 'A-' (strong) with a stable outlook based on strong capitalisation, favourable company profile and expectation of steady earnings from FY 2024.
-
- January 23 2024
Sompo Holdings CEO Kengo Sakurada to step down in March over BigMotor scandal: report
President and chief operating officer Mikio Okumura is expected to succeed Sakurada as CEO at the insurance group holding company.
-
- January 23 2024
Carbon specialist Lloyd’s coverholder Kita enters Singapore
The niche player, which has operations in the US, Canada, Switzerland and the UK, covers carbon credit risks by protecting buyers against delivery risk.
-
- January 23 2024
Australia braces for rainstorm, floods as cyclone Kirrily heads to Queensland
The second tropical cyclone to hit the country's eastern coast in as many months is forecast to bring intense rainfall that may lead to 'life-threatening flash flooding', according to the Bureau of Meteorology.
-
- January 23 2024
Nepal’s Himalayan Re granted India reinsurance licence
The privately owned reinsurer has been granted a reference number by IRDAI allowing the company to do reinsurance business from India.
-
- January 23 2024
PFAS exclusions find few takers in Asia’s competitive landscape
(Re)insurers in the region have been cautious about including clauses related to these 'forever chemicals' as clients push back in a market that is ready to absorb the exposure.
-
- January 23 2024
Chris Mackinnon named Lloyd’s regional director with Iain Ferguson set to retire
Mackinnon will start in his new role on April 1, while Ferguson will retire on December 31, InsuranceAsia News can reveal.
-
- January 22 2024
NorthStandard to open Korea office as it expands APAC presence
The Seoul office will be operational from late spring 2024 and will initially be staffed by Shang Doe Shim, a claims director currently based in the club’s Singapore office.
-
- January 22 2024
Lockton makes India foray, appoints Sandeep Dadia as country CEO
The US-based broker has been awarded a licence to start insurance broking operations in India.
-
- January 22 2024
BHSI taps Swiss Re for Asia general property leader
The specialty (re)insurer has appointed Singapore-based Jess Au as head of general property.
-
- January 22 2024
MPM Insurance to reduce multipurpose credit exposure, focus on motor: Fitch
Fitch Ratings has assigned an insurer rating of 'A+(idn) with a stable outlook to the Indonesian insurer.
-
- January 19 2024
Gallagher Australia ropes in Antony Bull as senior adviser for transactional risks
Based in Sydney, Bull joined the company from dispute resolution firm Deutsch Miller.
-
- January 19 2024
Minority shareholder in Chubb-backed Huatai Insurance puts US$34m stake up for sale
The seller Lucky Film, an affiliate of state-owned space contractor China Aerospace Science and Tech Corp, will auction its shares on the Beijing exchange.
-
- January 19 2024
Marsh hires Chris Varcoe as managing principal for financial and professional lines
Melbourne-based Varcoe joins from Aon, where he was the placement director.
-
- January 19 2024
Australian carriers brace for surge in construction PI claims
As the number of builders going bust hit a multi-decade high, insurers are experiencing an increase in the frequency and severity of large construction-related professional liability claims, both for project-based cover and annual contracts.
-
- January 19 2024
Ryan Specialty expands its Asia M&A offering with a Singapore hire
Lawrence Gregory, who was most recently an associate in the M&A practice group Baker McKenzie Wong & Leow, will report to APAC head Marina Sherer.
-
- January 19 2024
Volante’s Steven Harwood joins Fusion Specialty as managing partner in Japan
Tokyo-based Harwood was most recently Asia Pacific at Acrisure-backed specialty MGA Volante.
-
- January 18 2024
Non-peak perils source of insurers’ primary portfolio risk: Gallagher Re
Flooding from remnants of typhoon Doksuri in China makes it the costliest weather event of last year, with US$18.5bn in economic losses.
-
- January 18 2024
Thailand’s insurance sector to grow to US$28.18bn by 2026: OIC
This would mean a 'significant jump' for the sector from the present US$25.3bn GWP as the industry is recovering from Covid-19 claims.
