Country: Asia Pacific Page 103 / 502
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- January 18 2024
Canopius to build APAC financial lines capabilities with underwriter hire in Sydney
The specialty (re)insurer has hired Robert Barnum from Axis Capital to establish a professional lines practice in the region.
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- January 18 2024
Rising demand, easing conditions set stage for APAC cyber growth
With cyberattacks ascending to the top risk for businesses in the region, insurers are expanding coverage to tap lucrative mid-market opportunities.
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- January 18 2024
Exclusive: Crawford Hong Kong set for leadership change as Doron Grossman departs
Crawford's Taiwan country head Zakky Cheng will take on the additional role as Hong Kong head, IAN understands.
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- January 18 2024
Tokio Marine fully exits Saudi Arabian business
Tokio Marine & Nichido Fire Insurance has agreed to sell its remaining stake of Arabian Shield Cooperative Insurance to Alinma Bank.
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- January 17 2024
Munich Re’s Wenning says its China ‘footprint’ would outsize other markets over time: report
The reinsurer plans to scale up its China business as it expects the country to emerge as the largest insurance market in the world.
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- January 17 2024
Zheshang P&C’s underwriting profitability slated to improve: Fitch Ratings
The rating agency has assigned the Hangzhou-headquartered carrier rating of 'BBB' (good) with a stable outlook as its COR improved to 104% in 2023.
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- January 17 2024
Brown & Brown expands in Asia with acquisition of Singaporean broker Acorn
The deal by the US group's European arm, Bridge Specialty, is its second in the region after it entered Hong Kong last year through the acquisition of Capstone Brokers.
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- January 17 2024
Asia focus increases for clubs as lunar new year prompts P&I renewal urgency
With China having overtaken Greece to be the world's largest fleet owner, Asia is becoming an ever bigger part of the world’s P&I market and that growth has continued this year.
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- January 16 2024
India to top G20 with non-life premiums forecast to grow at 8.3%
Total insurance premium is forecast to grow at 7.1%, well above the global average of 2.4%, says Swiss Re.
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- January 16 2024
Marsh promotes Tyson Vickery to Asia placement leader in Singapore
Kevin Hubbard has been named chairman of placement, Marsh Asia.
