Country: Asia Pacific Page 127 / 501
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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.
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- September 15 2023
Taiwan P&C insurers resilient under cat risks, says regulator after stress test
The test results showed that the overall capital adequacy ratio of the island's P&C insurance was 337.2%, while net worth ratio stayed at 19.62%,
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- September 15 2023
Miller taps Lockton’s Richard Broad as head of treaty reinsurance APAC
Singapore-based Broad's appointment follows a recent leadership rejig at the specialist broker that saw Nigel Cross named head of facultative reinsurance in the region.
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- September 15 2023
Lockton names Piers Hughes Asia head of reinsurance
Hughes, who started in the role on September 13, will continue to be based in Singapore and report to Warren Merritt, regional CEO - Asia Pacific.
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- September 14 2023
Markel to expand in Australia with three new offices
The specialty insurer will be headquartered in Melbourne and headed by Axa XL's Rory Morison, who will start on September 27.
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- September 14 2023
RVS Monte Carlo: What APAC markets can learn from the 2023 edition
Secondary perils, cyber risk and pressure from the war in Ukraine dominated discussions at the reinsurer meet-up, as well as the return of industry legend Brian Duperreault.
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- September 14 2023
Steadfast acquires Riskcom and its subsidiary to expand risk management capabilities
Riskcom and BRM will retain their brands and continue to operate as standalone businesses.
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- September 14 2023
Pacific & Orient Insurance to see more underwriting stress ahead: Fitch
Fitch Ratings has affirmed the company an insurer rating of'BBB+' (good), with a stable outlook mainly taking into account strong capitalisation.
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- September 13 2023
Record rains add ‘further pressure’ on Hong Kong’s reinsurance renewals: AM Best
The impact of the black rainstorm is likely to be more of an earnings event for the market, rather than a material hit to capital adequacy, the rating agency noted.
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- September 13 2023
Aon names financial services industry veteran as Asia Pacific COO
Singapore-based Jeff Plein, who joins from Citibank, will report to global chief operating officer Mindy Simon and Asia Pacific CEO Anne Corona.
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- September 13 2023
Indonesia’s Mega Insurance to pare credit insurance portfolio: Fitch
Fitch Ratings has affirmed an insurer rating of 'A+ for the company with a stable outlook while its COR improved to 87% in FY 2022 as against 93% in FY 2021.
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- September 13 2023
Australia’s carriers brace for bushfire losses fueled by El Niño
For the first time since 2019, Australia’s eastern states face heightened risks due to high temperatures, ample vegetation and a rapidly desiccating landscape, say risk modellers.
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- September 13 2023
Axa XL appoints Laetitia Lebas to head of mid-market APAC, Europe
Paris-based Lebas will be responsible for the implementation of the French insurer's mid-market strategy in Asia and Australia,
