Country: Asia Pacific Page 104 / 502
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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.
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- January 16 2024
Tower exits Vanuatu business with sale to Capital Insurance Group
The deal is part of the Kiwi carrier's streamlining plans that saw the sale of its Papua New Guinea and Solomon Islands business in the last fiscal year.
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- January 16 2024
Alex Tarantino to succeed retiring HDI Global Singapore CEO Graham Silton
The specialty insurer has also named Sydney-based Andrew Cochrane as underwriting manager, liability, for Australasia.
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- January 16 2024
China’s ‘real estate development model 2.0′ keeps non-life insurers’ growth buoyant
- Analysis
- Commercial
- China
- China Continent P&C
- China Life P&C
- China Re
- China Taiping
- PICC Property and Casualty
Government spending on affordable housing and public facilities will cushion insurers from the sector's downturn, sustaining the country's P&C premium growth of at least 7% for 2023 and 2024.
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- January 16 2024
Aon grows India treaty reinsurance team with three senior appointments
The new appointments include Kolli Rao, who has joined the broker as president and senior advisor, Ajay Rakhane as head of agriculture and Ankit Mehta as head of non-agriculture treaty.
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- January 16 2024
Delta Insurance Australia hires head of management liability from Chubb
Brisbane-based Downman was most recently senior underwriter for financial lines at Chubb Queensland.
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- January 15 2024
NorthStandard expands Japan P&I collaboration with Tokio Marine
The partnership will see the P&I club handle claims and underwriting matters, while the Japanese carrier will bring its sales network to reach new customers.
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- January 15 2024
Thailand’s Roojai acquires Indonesian online broker Lifepal
Following the deal, the two companies will jointly expand their product offerings, and online and offline distribution.
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- January 15 2024
Etiqa’s ratings affirmed, but underwriting margins may feel pricing reform pinch: AM Best
The Malaysian insurer, rated A- (excellent) with a stable outlook, has reported a five-year average combined ratio of 87%.
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- January 15 2024
Hong Kong’s proposed risk-based capital requirements extend waivers to marine, captive insurers
The Insurance Authority of Hong Kong has proposed a set of rules that seek to lighten the compliance burden for captives and marine insurers under the new capital regime slated for 2024 2H.
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- January 15 2024
Taiwan election results weigh on vexed political risks market
China-sceptic Lai Ching-te's victory in the presidential polls raises worries that cross-straits relations may strain further, however, a weakened mandate and loss of legislative majority could have a moderating influence.
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- January 12 2024
Income Insurance to list on private stock exchange: report
The composite insurer’s shares will be listed under Alta and PhillipCapital’s share liquidity programme.
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- January 12 2024
China Taiping former deputy manager Xiao Xing arrested
Xiao was arrested on suspicion of taking bribes after China's top anti-graft watchdogs found 'severe violations of discipline and law' on his part.
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- January 12 2024
Insured losses from Japan earthquake could reach US$6bn: Moody’s RMS
The final estimates could inch upwards as this model does not include losses to non-modelled exposures such as transport and utility infrastructure, government, or automobile lines, the cat modeller said.
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- January 12 2024
Sedgwick Australia brings Crawford veteran Jonathon Vaisey to head major and complex loss property
Vaisey brings over 20 years of experience as a chartered loss adjuster with expertise in the investigation and management of complex property claims.
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- January 12 2024
Insurance Council of New Zealand appoints former cabinet minister as CEO
Kris Faafoi takes over from the current CEO Tim Grafton, who will step down on April 7.
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- January 12 2024
Asia SRCC and terrorism market seeks further protection as unrest looms
Underwriters unsettled by rising losses are looking to limit exposures with political and civil unrest risks going up in more than 50% of countries over the last 12 months.
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- January 11 2024
Axa XL bolsters APAC & Europe team with new appointment
Amsterdam-based Shanna Zrini has been named underwriting business owner for Asia Pacific and Europe.
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- January 11 2024
Exclusive: Sedgwick takes Crawford’s Veronica Grigg as Asia CEO
The loss adjuster's interim CEO Stephen Kerr will transition into the role of chief operating officer for Asia, while Simon Kay has been appointed director of executive services.
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- January 11 2024
Indonesia to raise minimum capital requirement for insurers to US$16m by 2026: report
For reinsurers, the minimum equity required will be US$32m in 2026, which will be increased to US$128m by end of 2028.
