Country: Asia Pacific Page 114 / 489
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- September 20 2023
Steadfast’s Insurance Brands adds Peacock Insurance to its fold
The New South Wales-based brokerage specialises in heavy transport, earthmoving insurance and marine and logistics coverage.
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- September 20 2023
Sedgwick New Zealand strengthens business development team to expand local base
Hamish Blair (pictured) has been promoted to head of business development and Shuzaha Houghton roped in as business development manager.
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- September 20 2023
Australia’s BoM declares El Niño and positive Indian Ocean Dipole as bushfires spark across three states
The combination, last seen in 2015, means warmer and drier conditions for at least the next three months increasing the risk of bushfires.
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- September 20 2023
CIB’s chairman Alex Yip eyes GBA opportunities for Hong Kong’s specialty market
Since transitioning away from being a self-regulatory body, the Confederation of Insurance Brokers is focusing on redeveloping the city as a ‘key hub’ for the Asian (re)insurance sector.
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- September 20 2023
Hong Kong’s drainage improvements allowed city to bounce back after historic rainstorm: Guy Carpenter
The broker notes a further five stormwater storage tanks are being planned in the SAR which saw 60 flooding and 75 landslide reports and 80 blocked roads.
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- September 20 2023
Arch Australia hires Joe Bone as PI product and distribution manager
Based in Sydney, the former BHSI exec will report to Anthony Hinde, underwriting manager, professional indemnity.
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- September 20 2023
ICA welcomes New South Wales budget for disaster resilience, calls for tax reform
The state has the highest rate of insurance taxes in the country with insurance customers hit with both stamp duty and the emergency services levy.
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- September 19 2023
Aon names Cathryn Neo as Asia associate director, transaction solutions
Singapore-based Neo, a former legal practice partner, takes charge of the broker's litigation and contingent risks business in the region.
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- September 19 2023
FSA searches Sompo Japan premises over Bigmotor probe: report
The inspection is to determine the extent to which the insurer was aware of Bigmotor's fraudulent activity.
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- September 19 2023
What explains Singapore’s quiet broker M&A market?
While there has been some activity around the fringes over the last 12 months, organic growth appears more attractive.
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- September 19 2023
AIG makes Matthew Pereira head of commercial property, Hong Kong, Macau and Taiwan
Pereira had joined AIG as a data analyst in London and has gained experience in underwriting, primarily property-related portfolio and nat cat risks.
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- September 18 2023
HKIA rolls out Open API framework and central register
The idea is to provide guiding principles on Open API adoption, the categorisation of functions, third-party service provider governance and risk management.
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- September 18 2023
Charles Taylor takes Sedgwick’s Alan Page as executive adjuster, construction & engineering
Brisbane-based Page was previously head of engineering and resources for Sedgwick.
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- September 18 2023
ICA board members and Australian minister to meet (re)insurance players in Munich and London
Assistant treasurer Stephen Jones and ICA, Suncorp, IAG and QBE Asia Pacific CEOs set to meet Lloyd’s, Guy Carpenter, Aon, Munich Re, Swiss Re, Flood Re and the ABI this week.
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- September 18 2023
Hotai Insurance removed from ‘under review’ as Covid claims’ situation improves: AM Best
With pandemic claims stabilising, a capital injection and a recovery in investments, the Taiwanese P&C player released reserves during H1 2023 helping the firm to a US$37.5m profit.
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- September 18 2023
Fast-changing renewable tech throws up underwriting challenges
In Asia Pacific, offshore wind and projects involving highly flammable gases like hydrogen are the hardest to secure coverage for as carriers choose to err on the side of caution given a lack of data.
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- September 18 2023
Hong Kong’s Grandwood opens first overseas subsidiary in the UK
May Yung, previously divisional director and head of financial risks for the broker, is overseeing the set-up.
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- September 15 2023
Extreme heat, typhoon ‘most concerning’ climate hazards for APAC: MSCI
Fujian, Hong Kong, Shanghai, Hainan and Guangdong are among some of the most at-risk regions for tropical cyclones, according to the data firm.
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- September 15 2023
New Zealand’s carriers making ‘good progress’ on claims as 2023 disaster bill tops US$2bn: ICNZ
The ICNZ said that more than a year’s worth of claims arised over the space of 15 days from the Auckland floods and Cyclone Gabrielle.
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- September 15 2023
Opinion: Hong Kong’s insurance players should step up risk mitigation for clients and the city
While paying claims and looking after clients is the immediate priority, the market should spend more effort making sure buildings are better managed, rain or shine.
