Country: Asia Pacific Page 11 / 510
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- March 11 2025
PCRIC makes US$45,000 parametric payout on coral reef cover in Cyclone Rae aftermath
Payment to an NGO in Fiji will be used for reef clean-up and restoration activities and community livelihood support hit by the tropical cyclone.
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- March 10 2025
KDIC recovers US$125m in public funds from Seoul Guarantee IPO
The state-owned Korean Deposit Insurance Corporation sold 10% (6,982,160 shares) of its total issued shares (93.85%) through the listing of Seoul Guarantee, and is expected to sell the remaining equity to recover an additional US$3.4bn.
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- March 10 2025
Search begins for new IRDAI chief: report
Debasish Panda’s three-year term as chairperson is due to end on March 13, 2025, although applications are being accepted until April 6.
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- March 10 2025
Japan P&I confirms key personnel changes amid latest reshuffle
Koji Shikada takes on extended roles as deputy head of underwriting units and general manager of Tokyo underwriting department I, effective from April 1.
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- March 10 2025
Marsh Australia appoints Kevin Duggan as principal
Prior to joining Marsh, Duggan worked at home and auto insurance agency Nsure for almost five years.
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- March 10 2025
Lights, camera, action: specialist MGA seeks to punch above its weight, prove good things come in small packages
Film and event specialist Circles Group, which has offices in Hong Kong and Singapore, plans to grow further into China, South Korea and Singapore.
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- March 9 2025
Cyclone Alfred claims top 3,000, thousands more expected in coming days
ICA declares insurance catastrophe as flash flooding, thunderstorm warnings remain with remnants of the ex-cyclone moving inland.
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- March 7 2025
Huatai P&C underwriting to benefit from Chubb support, FY24 9M COR down to 94.7%: Fitch
The rating agency affirms the insurer financial strength rating of 'A+' (Strong), with a stable outlook.
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- March 7 2025
Gallagher India bolsters trade credit team with new head
Bengaluru-based Bijukumar S., who has developed and managed multiple credit insurance programs across the country, joins the broker as national head of the line.
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- March 7 2025
Glass ceiling showing cracks in evolving APAC as region’s women eye equal opportunities for all
As the world marks International Women's Day, female insurance leaders reflect on the strides made and the ongoing challenges that remain in the region.
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- March 6 2025
Hannover Re shakes up Asia L&H leadership with new roles for Soeren Kruse, Niall Mulvey
Kruse, who was former Malaysia CEO, now leads southern and eastern Asia, while Ireland-based Mulvey takes charge of greater China.
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- March 6 2025
Greater Jakarta floods submerge houses, malls and shut factories
Widespread damage to transportation, hospitals, commercial areas, warehouses, offices, and thousands of houses reported, according to McLarens.
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- March 6 2025
Gallagher India appoints broker Arundas C K as associate director
Bengaluru-based Arundas joins Gallagher from Prudent Insurance Brokers, having also worked for Tata Motors Insurance Broking and Advisory Services and Marsh India.
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- March 6 2025
BHSI taps Adrian Burmeister for inland marine underwriting role in New Zealand
Auckland-based Burmeister will focus on mobile plant and machinery specialist underwriting.
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- March 6 2025
MSIG Singapore hires Darren Say to lead broker development
He joins having spent over five and a half years at Chubb, having also worked for the likes of QBE, Axa and Aon.
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- March 6 2025
Storm in a teacup? Market divided over underwriting solar risk for ‘unprepared world’
Modelled impact for Asia Pacific from a sudden and intense burst of radiation and energetic particles from the Sun is pegged at US$375bn and US$428bn for greater China.
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- March 5 2025
Cyclone Alfred could be US$1.25bn hit on Australian insurers: S&P Global
Cyclone could be worse than some of Australia's largest nat cats in the past 10 years.
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- March 5 2025
Marsh Taiwan appoints veteran Arthur Lee as president
He has been with Marsh for almost 28 years, and most recently held the role of senior vice president.
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- March 5 2025
M Pallonji Group-led consortium applies for Indian general insurance licence: report
Group appoints Aditya Sharma, chief distribution officer at Bajaj Allianz, as CEO of proposed venture, according to the The Economic Times.
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- March 5 2025
Lockton continues regional reshuffle, taps Marsh’s Marcus Pearson for Pacific CEO role
Brisbane-based Pearson replaces Paul Marsden, who will become a consultant and manage key client relationships.
