Country: Asia Pacific Page 111 / 489
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- October 4 2023
GIC Re’s Ramaswamy Narayanan takes charge as chairman and managing director
Narayanan, the former CEO of GIC Re UK, replaces Devesh Srivastava, who completed his four-year tenure on September 30.
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- October 4 2023
Fusion-owner Pop Holdings hires Shannon Murphy as group CIO
Murphy has three decades of experience in senior technology roles, including at AIG, ING and Axis in Asia Pacific.
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- October 4 2023
Lack of aggregate cover brings earnings volatility to APAC carriers
As rates soar, insurers are retaining more nat cat risk on their books, with the situation set to continue into the 2024 renewals.
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- October 4 2023
FM Global expands to Western Australia with Perth office
Anthony Brown has been appointed account manager and Scott Chapman becomes an account engineer for the Perth office.
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- October 3 2023
SMBC Aviation receives US$710m insurance settlement for jets stranded in Russia
The Japanese lessor had commenced litigation in the Irish courts late last year against 11 insurers over its 34 aircraft stuck in Russia following European sanctions.
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- October 3 2023
AIG’s Toni Ferrier to take over as Marsh McLennan New Zealand CEO
Ferrier, who is chief executive of AIG New Zealand, will lead the broking and consulting group's businesses across the country and serve as president of Marsh New Zealand.
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- October 3 2023
Liberty Specialty Markets signs up Axis’ Nicole Lim as Singapore chief executive
Lim will report to Matthew Jackson, the division's head of Asia, and her appointment will be effective from January 2, 2024.
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- October 3 2023
Beazley expands financial lines team in Asia with underwriter hire
Chye Chia Wen has joined the Lloyd's (re)insurer's office in Singapore taking the FL team to six strong.
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- October 3 2023
Crawford announces two senior Australian leadership roles
Perth-based Michael Dinan becomes Global Technical Services (GTS) manager for three states, while Matt Donnelly rejoins the adjuster as GTS manager for Victoria and Tasmania.
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- October 3 2023
The Hartford drops Navigators brand in Asia; Philip Chan retires
Philip Chan, Hartford’s head of Asia, retired at the end of September, with Ethan Tay becoming responsible officer for Hong Kong.
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- October 3 2023
Opinion: Is APAC really a mature insurance market?
A healthy 12% CAGR across the bespoke and nuanced liability covers markets is a sign that the region is quickly catching up with the US and Europe.
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- October 3 2023
AB Comsure acquires Brisbane broker CE McDonald
Following this acquisition, the combined entity’s annual gross written premium will be around US$96m.
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- October 2 2023
Howden renames Asian specialist arm as it unveils global rebrand
IPG Howden, the group's Asian high-net-worth life insurance broker, will be renamed Howden Private Wealth.
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- October 2 2023
Taiping Re’s ratings affirmed as operating performance turnaround continues: AM Best
The reinsurer is building on its leadership position in Greater China and expanding in South-East Asia.
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- October 2 2023
Union Medical underwriting to remain robust as Covid-19 impact subsides: AM Best
The rating agency has affirmed the Kiwi insurer a rating of A (excellent) with a stable outlook.
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- October 2 2023
ECGC improves claims experience despite volatility: AM Best
AM Best has assigned a rating of B++ (good) with a stable outlook considering its strong capital position.
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- October 2 2023
Australia’s GI brokers saw 11.4% increase in H1 GWP
The broking sector, which continues its consolidation trend, controlled US$11.9bn of premiums, according to APRA data.
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- September 29 2023
Cathay Century to sustain turnaround as motor revenues pick up: AM Best
The global rating agency has affirmed an insurer rating of A (excellent) for the Taiwanese P&C player with a stable outlook.
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- September 29 2023
McLarens hires Eugene Goh from Sedgwick as technical director in Singapore
Goh's appointment is part of the adjuster's expansion of the specialist leadership team.
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- September 29 2023
WTW | A new way forward: Cutting through Asia’s coal conundrum
With power demand soaring and coal placements declining, fossil fuel plants and insurers must work in tandem to accelerate decarbonisation and ensure the region’s resilience.
