Country: Asia Pacific Page 109 / 575
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- October 22 2024
Geopolitics, container fires, energy transition shaping marine insurance dynamics: IUMI’s Lars Lange
With the shipping business very clearly shifting to Asia, the industry group is looking to grow its presence in the region.
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- October 22 2024
General insurers’ bodies urge heads of Commonwealth nations to discuss extreme weather impact
The four associations agreed that as extreme weather intensifies, populations expand and more homes are put in harm’s way, the insurance protection gap will widen.
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- October 21 2024
Chubb names Jon Longmore as country president of Malaysia
Longmore succeeds Stephen Crouch, who will take on the role head of government affairs for Asia Pacific.
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- October 21 2024
Miller reinforces Japan non-marine business with senior Marsh hire
Satoshi Watanabe will be responsible for expanding the broker’s non-marine arm, reporting to Tokinori Kono, head of non-marine broking for the firm's Japanese arm, Lead Insurance Services.
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- October 21 2024
Chubb strengthens Asia climate focus with Aon veteran hire
Singapore-based Yashaswi Sinha joins the carrier as climate+ industry practice leader for Asia.
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- October 21 2024
Starr Insurance receives regulatory nod for Seoul branch
The carrier's new branch will be led by Aon veterean Paul Choi and it will offer commercial P&C products across Korea.
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- October 21 2024
South Korea’s Construction Guarantee members facing liquidity pressure: AM Best
The rating agency has downgraded the surety underwriter's outlook to negative from stable while affirming its rating at A+ (superior).
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- October 21 2024
Material headroom for growth in Asian financial and professional lines: Markel
Despite softening and macro challenges in some markets, areas like Hong Kong, Singapore and India are slightly further afield offering strong opportunities.
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- October 21 2024
Axa XL grows Australia presence with three senior hires in Perth
It has hired senior underwriters Chris McElroy from BHSI for property, Amanda Rattue from Vero for financial lines Trent Jeuring from Chubb for casualty.
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- October 18 2024
WTW taps Tatsuro Nakamura as Japan head of construction
Nakamura, who joins from Starr Indemnity and Liability, will support the broker's One WTW strategy, working with regional and global clients.
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- October 18 2024
China approves BNP Paribas, Volkswagen property insurance JV
The National Financial Regulatory Administration, the country's regulator, has given the nod for the creation of insurance JV in Beijing between the French lender and the German carmaker's financial services arm in the country.
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- October 18 2024
Australian flood inquiry report makes 86 suggestions after insurers’ ‘collective failure’
The Parliamentary inquiry into carriers' flood response highlights mishandling of cases, inconsistent decision making and long delays, and calls for government intervention to mitigate risk related to the fast-growing number of uninsurable properties,
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- October 18 2024
Dah Sing Insurance rebalancing its underwriting portfolio to improve performance: AM Best
The rating agency has affirmed A- (excellent) rating for the insurer with a stable outlook driven by a very strong balance sheet, adequate operating performance and parental support from Dah Sing Financial Holdings.
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- October 18 2024
Analytics: Australian intermediated premiums grow 8.2% in 2023-24
While the GWP placed with Lloyd’s in the 12 months grew at a comparable pace, business placed with unauthorised foreign insurers declined marginally.
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- October 17 2024
India extends IFRS 17 implementation deadline to April 2027: report
IRDAI had earlier set an April 2025 deadline for the implementation of the new accounting regime in the insurance sector.
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- October 17 2024
SRG taps Marsh veteran Collin Yap as APAC chief executive
Singapore-based Yap was previously CEO of Marsh McLennan Singapore and will start in his new role in 2025.
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- October 17 2024
XL Reinsurance China renamed as Axa International Re
The name change is effective October 16 and follows all regulatory approvals including from the National Financial Regulatory Administration for its acquisition.
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- October 17 2024
APRA urges carriers to reflect on MGA risks, prioritise 2025 prudential standards
Executive board member Suzanne Smith said that a focus for the regulator in the coming year is the risk associated with outsourced underwriting to agencies.
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- October 17 2024
Exclusive: WTW restructures Asia political violence terrorism team as regional head exits
Leonard Chan, head of terrorism and political violence, Asia, has recently resigned from the role, InsuranceAsian News can reveal.
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- October 17 2024
HDI Global names Adriana Giometti as market manager in Australia
Sydney-based Giometti will be in charge of major accounts practice, strategic agreements and German international programmes.
