Country: Asia Pacific Page 110 / 489
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- October 10 2023
Hong Kong’s record rainstorms put focus on ‘overlooked’ water damage risks
Property and construction firms should prioritise protection from water, which causes more than half of all damage in the SAR, say leaders from Zurich and Lockton.
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- October 10 2023
Reinsurance-driven Indonesian non-life carriers continue to face underwriting challenges: AM Best
AM Best has assigned a negative sector outlook for the Indonesian non-life insurance sector due to heightened reinsurance credit risk.
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- October 10 2023
TT Club appoints Kamel Tlili regional general manager for Asia Pacific
Singapore-based Tlili joins from British Marine P&I, where he was leading the underwriting division in Asia.
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- October 10 2023
Strata Community ropes in Shaun Feely as chief executive officer
The Sydney-based industry veteran was CEO of Latitude Insurance prior to this appointment.
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- October 9 2023
Axa XL strengthens Singapore team with crisis management and special risks underwriter
Grace Yeap joins from Chubb and will be in charge of crisis management, risk appetite and broker relationships across political violence and terrorism business lines.
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- October 9 2023
Envest acquires majority stake in Brisbane MGA Insuret
Founder Jason McDonnell will continue to remain a co-owner and managing director of the fleet business specialist.
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- October 9 2023
Observatory raises T9 signal as typhoon slams Hong Kong after Taiwan hit
There have been multiple disruptions across the SAR including 90 flights being cancelled and a further 130 delayed.
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- October 9 2023
Exclusive: (Re)insurers staring at US$2bn+ losses from India’s Himalayan dam collapse, flood damage
An IFFCO Tokio-led panel of eight insurers have a US$1.37bn property damage and BI policy for the 1,200MW Teesta-III project that was completely damaged in a flash flood, show documents reviewed by IAN.
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- October 9 2023
Greensill investor alleges Marsh was aware of serious problems: report
The broker says that there were no breach of duties and puts the onus on private equity firm White Oak for due diligence.
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- October 6 2023
Steadfast expands into the US with US$55m broker agency buy
The Australian broker has bought the ISU Group, which has 239 independent members across 43 US states controlling more than US$6.5bn in premiums.
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- October 6 2023
Asian EV insurance market revving for expansion beyond China
As electric vehicle manufacturing, ownership and charging infrastructure grow rapidly around the region, carriers are rolling out tailored products.
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- October 5 2023
Peak Re scripts a turnaround with H1 profit of US$160m
The Hong Kong reinsurer posted a COR of 82.2% as against 108.4% a year ago.
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- October 5 2023
Thailand’s Rabbit Care Broker acquires local peer EasyCompare
BTS Group-owned business has added around 30,000 new customers through this acquisition to leverage its extensive product portfolio.
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- October 5 2023
Miller signs Thai energy partnership with Central Insurance Services
Central will offer local servicing and Miller will provide help with consulting, risk engineering, reinsurance placement and claims.
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- October 5 2023
Guy Carpenter hires Swiss Re’s Blake Dimitrijevic as APAC head of capital advisory
Hong Kong-based Dimitrijevic will report to chief executive Tony Gallagher.
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- October 5 2023
Former RSA chief risk officer William McDonnell to join IAG as CFO
McDonnell, an expert on climate risk, is relocating from London to Sydney and will start on December 11.
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- October 5 2023
Asia fossil fuel risks grow in reliance on captives, smaller players and MGAs
With larger players shying away from coal cover, miners are turning to self-insurance and specialists, while oil and gas is still supported.
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- October 5 2023
Crop insurance high on agenda for India’s SBI General Insurance
The private equity-backed insurer is prioritising semi-urban and rural markets and remains open to acquisitions and strategic alliances.
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- October 4 2023
Aon to acquire former Indian JV partner Global Insurance Brokers
Upon completion, the broker will transition to Aon’s brand and operating model, under the leadership of Jon Pipe.
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- October 4 2023
Hong Kong braces for more typhoon losses as Koinu heads to city via Taiwan
Southern Taiwan schools and urban areas closed, and over 70 domestic flights cancelled.
