Country: Asia Pacific Page 120 / 501
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- October 23 2023
HDI Global appoints Cristiano Pizzocheri as head of market management
Pizzocheri was most recently chief strategy and digital officer for Ergo Insurance Singapore.
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- October 23 2023
Gallagher India hires Anirudh Singh specialty and facultative head
He was most recently chief underwriting officer for Markel Services India, a Lloyd's Syndicate in India.
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- October 20 2023
AM Best affirms Peak Re’s ratings as focus on risk selection helps earnings rebound
The rating agency has affirmed the Hong Kong-based reinsurer's financial strength rating of A- (Excellent) with a negative outlook.
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- October 20 2023
Record heat in 2023 spurs myriad APAC nat cat losses
15% of insured nat cat losses so far this year have been in Asia, with yet another US$100bn-plus loss year in the making, says Gallagher Re.
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- October 20 2023
Gallagher Re hires Priyanka Bhalla as associate director for India
Mumbai-based Bhalla joins from domestic broking company Hero Insurance Broking, where she was vice-president, reinsurance.
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- October 20 2023
Bennelong Funds, Leadenhall Capital tie-up to promote ILS in Australia, New Zealand
ILS, which aims to transfer insurance risk to capital markets, offers attractive spreads for investors relative to their long-term average.
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- October 19 2023
Samsung Tugu to gain from Korean investments in Indonesia: AM Best
AM Best has affirmed the Jakarta-headquartered insurer a rating of A- (excellent) with a stable outlook after it posted a five-year average combined ratio of 57%.
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- October 19 2023
AIG appoints Logan Perry as casualty manager, specialty in New Zealand
Auckland-based Perry was most recently casualty underwriting manager for Chubb and will report to Stephen Ward, head of casualty, Asia Pacific at AIG.
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- October 19 2023
India dam collapse claims’ burden on carriers may be lower due to glacial lake outburst rider
Early reports by the National Disaster Management Agency say the event was likely a GLOF, for which claims payable are capped at US$60m per any one accident.
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- October 19 2023
Most Asian economies to see an increase in insolvencies: Allianz Trade
Countries set for the largest rises include South Korea, Japan, Australia and New Zealand, but Hong Kong is set to see a decrease in 2024.
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- October 19 2023
QBE and MS First Capital withdraw Covid BI appeal against Thailand resort owner
Relax Beach, which owns Le Meridien Phuket Beach Resort, now stand to potentially receive millions of dollars in claims after it was forced to close in April 2020.
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- October 18 2023
Bolttech mulling US$300m US listing: report
The Singaporean insurtech is in talks with investment banks for the potential share sale, which may take place as soon as next year, according to Bloomberg.
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- October 18 2023
Stephen Rogers joins Markel as head of Queensland operation
Brisbane-based Rogers arrives from Axa XL and will report to Markel's Australia managing director Rory Morison.
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- October 18 2023
Exclusive: Gallagher sees senior exits amid wider APAC leadership shake-up
There have been several changes to the broker's APAC management in recent months, including the departure of North Asia CEO Thomas Wang.
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- October 18 2023
Generali and UNDP partner to help bridge SME protection gap in Asia
A new framework will be hosted on an online platform offering advice on how businesses can protect their activity in the face of climate challenges.
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- October 17 2023
Sedgwick names Derek Roberts as Australia COO
The former AmGeneral CEO is overseeing claims management, property, professional services, workforce absence and compensation programs.
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- October 17 2023
China Taiping’s ratings upgraded on improving margins, risk control: S&P Global
The Chinese carrier's earnings will stabilise going forward and it will reduce debt in the next two years, the rating agency said.
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- October 17 2023
Swiss Re CorSo in China exploring mid-market opportunities
Specialist offerings like international program, parametrics, digitalisation and distribution partnerships key to its plans, according to Greater China CEO Jeffrey Pan.
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- October 17 2023
Newline builds out Australia team with two new hires
Professional indemnity underwriter Arion Reuter and administration and underwriter support officer Arthi Govindarajan have recently joined the carrier's Melbourne office.
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- October 16 2023
IRDAI restrains bidder to pledge Reliance General shares for parent sale: report
RBI-appointed administrator of debt-ridden R-Cap has written to Hinduja Group firm to submit a fresh application along with the source of funds and the business plan.
