Country: Asia Pacific Page 129 / 530
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- February 1 2024
Australian MGA Market Lane hires Evan Ainslie from Lloyd’s as head of strategy
In his new role, Sydney-based Ainslie will introduce innovative solutions that align with current offerings and demands of the market.
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- February 1 2024
APRA’s culture surveys plan marks regional shift to focus on governance
Monitoring company risk culture is part of a broader ongoing sea change in the market, which is seeing a greater emphasis on both corporate governance and diversity & inclusion.
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- January 31 2024
Philip Johnson named CEO designate for Price Forbes Asia
Johnson will take over from Stephen Britten, who will become executive chairman of the Ardonagh Group (re)insurance broker, in September this year.
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- January 31 2024
ICA calls for US$329m budget funding to boost resiliency against floods
Building on the 2022 schemes for NSW and Queensland, the new funding should be equally shared between federal and state budgets to move 750 families out of danger zones.
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- January 31 2024
Japan’s non-life insurers to stay profitable despite large cat losses: AM Best
The rating agency is maintaining its stable outlook on the sector's underwriting performance despite sizable earthquake, typhoon and hailstorm claims.
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- January 31 2024
Canopius strengthens APAC credit & political risk team with underwriter hire
Sydney-based Dimitri Plastiras, who will be transferred to Singapore later this year, is among four senior hires by the specialty (re)insurer globally for the credit & political risk division.
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- January 31 2024
Asian casualty rates softening but underwriters wary of spike in claims
Though capacity remains abundant for liability lines in the region, carriers remain cautious over rising claims costs and knock-on effects from US and Australian markets.
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- January 31 2024
Youi Insurance appoints executive general manager in Brisbane
Brisbane-based Chris Jarrett, who started in his new role on January 15, will be advancing Youi’s claims management capabilities and claims experience for the customers.
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- January 30 2024
Australian MGAs Wellington and Aster to merge into Epsilon Underwriting
The combined entity, set to work under the Epsilon brand, will write a combined US$100m GWP across liability and property lines.
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- January 30 2024
Adrian Sweeney returns to Zurich as New Zealand general manager
After departing from MGA Delta Insurance two years ago, Auckland-based Sweeney rejoins the global insurer where he had worked for over 20 years.
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- January 30 2024
Delta hires underwriting operations manager in New Zealand
Auckland-based Simone Batty will establish streamlined processes and standards across a growing team, helping customers and brokers engage with the business.
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- January 30 2024
Opinion: Climate litigation to move centre stage in Australia
Greenwashing, failure in disclosing or managing climate risks are spurring a rise in legal actions against corporations, while human rights violation claims pose litigation risks to policymakers.
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- January 30 2024
Japan government loss estimates for Noto earthquake up to US$17.5bn, insurance claims filed top 50,000
Damage to public infrastructure is expected to account for half of the losses, while Ishikawa prefecture is the worst hit.
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- January 30 2024
Seoul Guarantee Insurance’s parent revisits IPO plan after failing to impress investors last year: report
KDIC, the state-run parent of the Korean guarantee insurer, has made a first step towards relaunching an IPO, which was shelved in late 2023.
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- January 29 2024
Toa Reinsurance’s earnings could seesaw on nat cat and social inflation risks: S&P
Still, taking into account its strong capitalisation S&P Global Ratings has affirmed its 'A' rating on the reinsurer, despite reporting COR at over 100% for five consecutive years.
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- January 29 2024
Sompo International elevates Rennie Muzii as EVP, head of Asian risk solutions
US-based Muzii was most recently senior vice president of professional lines, a role which he held since joining the insurer in 2013.
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- January 29 2024
Queensland on alert as cyclone Kirrily’s remnant bands linger
Suncorp says it has received over 500 claims from customers impacted by the cyclone, almost all home claims.
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- January 29 2024
Allied World builds out Australia property team with senior hire from Allianz
Sydney-based Nick Wood has joined the carrier as vice president, lead underwriter Australia property division.
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- January 29 2024
Suncorp H1 nat cat bill at US$374m, retains full limits on reinsurance cover
The nat cat cost for the first six months is less than the FY 2024 allowance with costs of the December wild weather events coming in below the retention limit.
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- January 29 2024
Howden boosts multinational client focus with Aon’s Mike Baker
Singapore-based Baker will focus on climate and political risks, energy transition, and cyber in his new role.
