Country: Asia Pacific Page 110 / 575
-
- October 17 2024
Asia economic losses for 9M 2024 top US$70bn as secondary perils drive costs: Gallagher Re
Three of the top five costliest economic events for the period were in Asia – China seasonal floods, Typhoon Yagi and the Noto Peninsula earthquake – accounting for combined US$50bn in economic losses and US$4.7bn in insured losses.
-
- October 17 2024
Harry Edwards succeeds Céline Peredy as Allianz Trade’s Asean hub commercial director
Peredy has relocated to Paris to assume the new role of strategic account director for multinationals for the carrier.
-
- October 17 2024
Mitsui Sumitomo to offer Australia cyber capacity to Coalition
The multi-year agreement, starting January 1, 2025, will include collaboration on cybersecurity solutions for small and medium-sized enterprises in Japan.
-
- October 16 2024
Howden strengthens Asia consulting team with London move
Giles Haythornthwaite will relocate to Singapore as associate director for Howden Markets Asia.
-
- October 16 2024
Hong Kong to foster marine insurance amid effort to consolidate global risk management centre status
The SAR government will encourage leading marine insurers to establish presence in the city and develop marine insurance talents, chief executive John Lee says in policy address.
-
- October 16 2024
Vietnam’s Techcombank set to launch non-life carrier
Hanoi-headquartered Techcom Non-Life Insurance received approval from the Ministry of Finance and is expected to start operations early November.
-
- October 16 2024
Scor promotes Paula Bourke to CEO of life and health for ANZ
Sydney-based Bourke was most recently the reinsurer's regional deputy CEO and global head of proposition and innovation, L&H.
-
- October 16 2024
Sedgwick appoints ex FWD Singapore CEO as Asia finance director
Kee Eng Khor will be based in Singapore supporting the loss adjuster's Asia finance teams, regional leadership team and business units.
-
- October 16 2024
Central Bank of India’s acquisition of stake in Generali JVs gets antitrust approval
The Competition Commission of India has cleared the state-owned lender's acquisition of 24.91% equity stake in Future Generali India and a 25.18% equity stake in Future Generali India Life.
-
- October 16 2024
AIG hires Jules Sperring as APAC head of commercial property & business pack
Sperring joins from Allied World and will continue to be based in Singapore.
-
- October 16 2024
Sompo continues APAC build out with new COO
Singapore-based Maya Lee starts immediately and will report to Daniel Englberger, Sompo International chief operating officer, and Kenneth Reilly, APAC chief executive.
-
- October 16 2024
SRCC rates harden, capacity, limits lower as tensions grow
Broader strike riots and civil commotion extensions under property programs are unlikely to be the norm going forward.
-
- October 16 2024
APAC business insolvencies projected to increase by 3% in 2024: Allianz Trade
A gradual easing of monetary policies could offer some relief, but it won’t be a silver bullet for struggling businesses.
-
- October 15 2024
Price Forbes Singapore hires Honan’s Cassaundra Tan as director of employee benefits
Tan will lead the development and expansion of the employee benefits division in Singapore and across global markets, reporting to Asia Pacific chief executive Philip Johnson.
-
- October 15 2024
Stable pricing trend for Asia Pacific reinsurers in 2024: Fitch
The report also stated that the rising frequency and severity of extreme weather events could increase reinsurance claims, potentially disrupting recent pricing stability.
-
- October 15 2024
Specialist Risk Group makes Asia foray with Singapore acquisition
The Temasek and Warburg Pincus-backed UK intermediary has agreed to acquire broker HL Suntek.
-
- October 15 2024
P&C insurers in Asia have much higher equity risks than US peers: Moody’s
Equity risks accounted for 32% and 24% of total required capital for Chinese and Taiwanese insurers and for 33% for Japanese insurers, compared to 10% for US carriers, according to Moody's latest Capital Tool analysis.
-
- October 15 2024
Gallagher Re strengthens life and health reinsurance team with two senior hires
The reinsurer has appointed Sanjeeb Kumar as chairman of L&H reinsurance for India, and Addise Li as head of L&H reinsurance in China and Hong Kong.
-
- October 15 2024
Envest unveils leadership rejig following completion of PSC deal
The restructure will see PSC's ANZ chief executive David Hosking leave the combined group at the end of this month.
-
- October 15 2024
Jamie Taylor joins Howden Insurance Brokers Australia as partner
In his new role, Brisbane-based Taylor will be in charge of corporate risks and sport & entertainment.
