Country: Asia Pacific Page 117 / 516
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- January 19 2024
Ryan Specialty expands its Asia M&A offering with a Singapore hire
Lawrence Gregory, who was most recently an associate in the M&A practice group Baker McKenzie Wong & Leow, will report to APAC head Marina Sherer.
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- January 19 2024
Volante’s Steven Harwood joins Fusion Specialty as managing partner in Japan
Tokyo-based Harwood was most recently Asia Pacific at Acrisure-backed specialty MGA Volante.
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- January 18 2024
Non-peak perils source of insurers’ primary portfolio risk: Gallagher Re
Flooding from remnants of typhoon Doksuri in China makes it the costliest weather event of last year, with US$18.5bn in economic losses.
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- January 18 2024
Thailand’s insurance sector to grow to US$28.18bn by 2026: OIC
This would mean a 'significant jump' for the sector from the present US$25.3bn GWP as the industry is recovering from Covid-19 claims.
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- January 18 2024
Canopius to build APAC financial lines capabilities with underwriter hire in Sydney
The specialty (re)insurer has hired Robert Barnum from Axis Capital to establish a professional lines practice in the region.
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- January 18 2024
Rising demand, easing conditions set stage for APAC cyber growth
With cyberattacks ascending to the top risk for businesses in the region, insurers are expanding coverage to tap lucrative mid-market opportunities.
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- January 18 2024
Exclusive: Crawford Hong Kong set for leadership change as Doron Grossman departs
Crawford's Taiwan country head Zakky Cheng will take on the additional role as Hong Kong head, IAN understands.
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- January 18 2024
Tokio Marine fully exits Saudi Arabian business
Tokio Marine & Nichido Fire Insurance has agreed to sell its remaining stake of Arabian Shield Cooperative Insurance to Alinma Bank.
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- January 17 2024
Munich Re’s Wenning says its China ‘footprint’ would outsize other markets over time: report
The reinsurer plans to scale up its China business as it expects the country to emerge as the largest insurance market in the world.
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- January 17 2024
Zheshang P&C’s underwriting profitability slated to improve: Fitch Ratings
The rating agency has assigned the Hangzhou-headquartered carrier rating of 'BBB' (good) with a stable outlook as its COR improved to 104% in 2023.
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- January 17 2024
Brown & Brown expands in Asia with acquisition of Singaporean broker Acorn
The deal by the US group's European arm, Bridge Specialty, is its second in the region after it entered Hong Kong last year through the acquisition of Capstone Brokers.
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- January 17 2024
Asia focus increases for clubs as lunar new year prompts P&I renewal urgency
With China having overtaken Greece to be the world's largest fleet owner, Asia is becoming an ever bigger part of the world’s P&I market and that growth has continued this year.
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- January 16 2024
India to top G20 with non-life premiums forecast to grow at 8.3%
Total insurance premium is forecast to grow at 7.1%, well above the global average of 2.4%, says Swiss Re.
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- January 16 2024
Marsh promotes Tyson Vickery to Asia placement leader in Singapore
Kevin Hubbard has been named chairman of placement, Marsh Asia.
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- January 16 2024
Tower exits Vanuatu business with sale to Capital Insurance Group
The deal is part of the Kiwi carrier's streamlining plans that saw the sale of its Papua New Guinea and Solomon Islands business in the last fiscal year.
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- January 16 2024
Alex Tarantino to succeed retiring HDI Global Singapore CEO Graham Silton
The specialty insurer has also named Sydney-based Andrew Cochrane as underwriting manager, liability, for Australasia.
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- January 16 2024
China’s ‘real estate development model 2.0′ keeps non-life insurers’ growth buoyant
Government spending on affordable housing and public facilities will cushion insurers from the sector's downturn, sustaining the country's P&C premium growth of at least 7% for 2023 and 2024.
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- January 16 2024
Aon grows India treaty reinsurance team with three senior appointments
The new appointments include Kolli Rao, who has joined the broker as president and senior advisor, Ajay Rakhane as head of agriculture and Ankit Mehta as head of non-agriculture treaty.
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- January 16 2024
Delta Insurance Australia hires head of management liability from Chubb
Brisbane-based Downman was most recently senior underwriter for financial lines at Chubb Queensland.
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- January 15 2024
NorthStandard expands Japan P&I collaboration with Tokio Marine
The partnership will see the P&I club handle claims and underwriting matters, while the Japanese carrier will bring its sales network to reach new customers.
