Country: Asia Pacific Page 149 / 576
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- May 24 2024
HKIA appoints new executive directors for GI and long-term business
Lee Moung-mo will have oversight of general business, while Marty Lui will take charge of long-term business.
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- May 24 2024
Sedgwick Australia hires Sophie Henderson as forensic accounting services partner
Melbourne-based Henderson has 14 years of experience specialising in complex economic loss claims across various industries.
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- May 24 2024
Japan’s big 4 admit to leaking customer data to competitors: report
Agencies handling policies for Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, Mitsui Sumitomo Insurance, and Aioi Nissay Dowa Insurance were sharing motor insurance customers' names, policy numbers, premium amounts and maturity dates.
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- May 24 2024
Revival in property treaty appetite promises favourable outcomes for cedents mid-year
Key renewals for Australia and New Zealand are likely to follow the experience of 1.1 and 1.4, with growing demand for catastrophe risks at current pricing and terms.
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- May 24 2024
South-East Asia accounts for a third of global ship losses in 2023: Allianz Commercial
South China, Indochina, Indonesia and the Philippines, is the main ship loss hotspot globally last year.
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- May 23 2024
Aon elevates Wen Chen to APAC reinsurance agriculture leader
Singapore-based Chen, who was most recently Aon's head of agriculture for Greater China, will explore new regional reinsurance and retrocession opportunities in the sector.
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- May 23 2024
WTW ropes in Alex Rosati from Marsh as Asia head of claims
With over 30 years of experience in underwriting, claims and litigation, Rosati will focus on all aspects of WTW’s claims proposition across all business lines.
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- May 23 2024
Gallagher Re promotes George Sherriff as Japan CEO, Tsuyoshi Noguchi to become chairman
Sherriff, who has been executive director at Gallagher Re since 2021, will retain oversight over global client proposition across Asia Pacific even after transitioning to the new role.
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- May 23 2024
Generali Hong Kong launches fine art insurance for private collectors
The insurer's art insurance solutions division, ARTE Generali, plans to extend the offering in Hong Kong to corporate collections, museums and exhibitions later this year.
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- May 23 2024
Fairfax-backed Go Digit makes a quiet trading debut
The US$314m IPO was priced at the top end of the price band valuing the digital insurer at US$3bn.
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- May 23 2024
Australia’s Bellrock builds out construction risk team with two specialist hires
Simon Gray and Carina Bogaard, who are specialists in construction professionals’ risks, join the broker's Sydney office.
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- May 23 2024
Sedgwick expands marine team in Indonesia with two new hires
As average adjusters, Fahrizal and Kanya Manohara will seek to enhance the global loss adjuster's marine capabilities in the region.
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- May 23 2024
AUB completes US$132m placement for Pacific Indemnity deal
The Australian broker issued 7.3m new shares in a private placement primarily to fund the Pacific Indemnity acquisition, with excess funds allocated for other M&A deals in the pipeline.
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- May 23 2024
Brokers eye parametric possibilities in Asia for nat cats and beyond
Intermediaries are taking the index-based products route to provide coverage for risks that were once considered too complex or too difficult to insure.
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- May 22 2024
Aon promotes Sharad Vishvanath as enterprise client leader in India
In his new role, Vishvanath will focus on advising large clients on complex issues relating to risk and human capital.
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- May 22 2024
Diot-Siaci to buy majority stake in Indian broker Unilight
The agreement is expected to strengthen Diot-Siaci's presence in Asia and allow the European broker to participate in the expansion of the Indian insurance market.
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- May 22 2024
IAG launches SME-focused cyber underwriting agency Cylo
The MGA is backed by the Australian carrier's commercial insurance arm CGU and will offer up to US$1.3 million cover against cyber attacks for small businesses.
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- May 22 2024
AUB to acquire financial lines specialist MGA Pacific Indemnity
The Australian broking group will pay up to US$93.4m for 70% of the underwriting agency and it has launched a US$133m private placement to fund the deal.
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- May 22 2024
Income Insurance exploring strategic options for APAC expansion: Bloomberg
The Singaporean insurer had provided liquidity to almost 16,000 shareholders for holdings worth US$619m through a private exchange listing last month.
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- May 22 2024
Rise of autonomous vehicles switches gears on motor liability cover
As the use of self-driving technology widens to taxi and minibus fleets in China, (re)insurers are referencing new regulations on their use on roads to explore new cover for autonomous vehicles.
