Country: Asia Pacific Page 123 / 501
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- October 5 2023
Thailand’s Rabbit Care Broker acquires local peer EasyCompare
BTS Group-owned business has added around 30,000 new customers through this acquisition to leverage its extensive product portfolio.
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- October 5 2023
Miller signs Thai energy partnership with Central Insurance Services
Central will offer local servicing and Miller will provide help with consulting, risk engineering, reinsurance placement and claims.
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- October 5 2023
Guy Carpenter hires Swiss Re’s Blake Dimitrijevic as APAC head of capital advisory
Hong Kong-based Dimitrijevic will report to chief executive Tony Gallagher.
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- October 5 2023
Former RSA chief risk officer William McDonnell to join IAG as CFO
McDonnell, an expert on climate risk, is relocating from London to Sydney and will start on December 11.
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- October 5 2023
Asia fossil fuel risks grow in reliance on captives, smaller players and MGAs
With larger players shying away from coal cover, miners are turning to self-insurance and specialists, while oil and gas is still supported.
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- October 5 2023
Crop insurance high on agenda for India’s SBI General Insurance
The private equity-backed insurer is prioritising semi-urban and rural markets and remains open to acquisitions and strategic alliances.
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- October 4 2023
Aon to acquire former Indian JV partner Global Insurance Brokers
Upon completion, the broker will transition to Aon’s brand and operating model, under the leadership of Jon Pipe.
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- October 4 2023
Hong Kong braces for more typhoon losses as Koinu heads to city via Taiwan
Southern Taiwan schools and urban areas closed, and over 70 domestic flights cancelled.
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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.
