Country: Asia Pacific Page 153 / 585
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- June 18 2024
Asian Re constitutes management board, elects new chairperson
Sumalee Satitchaichareon, the deputy director-general of fiscal policy office for the government of Thailand, has taken charge as the chair of the regional reinsurer.
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- June 18 2024
Exclusive: NorthStandard, British Marine face losses from Singapore oil spill
The loss following the dredger Vox Maxima hitting bunkering vessel Marine Honour could become an IG P&I Clubs pool claim if the dredger is found liable.
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- June 17 2024
Chinese insurtech Yuanbao eyes US listing
The Beijing-based online broker is seeking approval from China's securities watchdog to issue up to 64.5 million shares on a US stock exchange.
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- June 17 2024
Australian P&C insurers to see slower premium growth: S&P Global
Despite lower premium growth on the back of moderating premium rate increases, profitability should remain strong this year through to 2025.
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- June 17 2024
ICA calls for overhaul in financial hardship support, redefine ‘vulnerability’
In its submission to the General Insurance Code of Practice review, the Insurance Council of Australia is calling for changes on how hardship support, such as premium relief, should be extended.
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- June 17 2024
Allianz Korea elevates Jin Kim to head of natural resources and construction
Seoul-based Kim has been at the German insurance group for five years as a senior property underwriter.
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- June 17 2024
Everest Australia hires Arthur Constantinou to head Pacific energy and construction team
Melbourne-based Constantinou was previously national underwriting manager-technical lines and complex risks at Zurich.
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- June 17 2024
Cyber premium pool to outstrip other financial lines, says MSIG’s Andrew Taylor
Demand for cyber cover is rising in the region as AI is being exploited by criminals to launch more sophisticated attacks, while D&O, PI continue to face pricing pressure, says the regional head of financial lines.
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- June 17 2024
Singapore’s Income Insurance confirms buyout talks with Allianz
An application for the partnership has been filed with the Monetary Authority of Singapore, reports say.
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- June 17 2024
Japan’s big four submits business improvement plans to FSA for price-fixing
Assessment of risks, employee surveys, effectiveness verification, second-line monitoring and internal audits are among the solutions announced by MS&AD subsidiaries.
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- June 14 2024
Malaysian Re and Pacific Life Re extend MoU on family retakaful market
Both companies aim to unlock new possibilities through the renewal of MoU on shariah-compliant life insurance solutions.
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- June 14 2024
Zurich names Dan Elliott head of cyber resilience Australia
Elliott was previously a principal, cyber security risk advisory at Zurich Resilience Solutions in Canada since September 2022.
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- June 14 2024
Asian Re’s underwriting performance set to improve, 2023 COR down at 101.6% : AM Best
The rating agency affirmed the regional non-life reinsurer's "B+" (good) financial strength rating with a positive outlook.
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- June 14 2024
Vero bolsters professional and financial lines team with four hires
Uma Singh, Cem Ulutas, Rob Lee and Shaun Thistlethwaite have joined the Australian carrier covering New South Wales and the Australian Capital Territory.
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- June 14 2024
Axa XL ropes in WTW’s Graham Edwards as client distribution leader
Singapore-based Edwards was most recently head of corporate risk and broking, sales and client management for Asia at the broker.
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- June 14 2024
Chinese state-owned insurers extend US$427bn in Belt & Road cover: report
PICC, China Life, China Pacific Insurance, China Taiping Insurance and China Re have extended risk protection to back up the government's global infrastructure development strategy.
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- June 14 2024
Blue Marble hires Rinaldo Siagian as APAC operations analyst
Siagian previously worked at Asuransi Astra where his most recent role was section head surveyor.
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- June 14 2024
Steadfast-backed Heavy Motor Insurance hires Alan Morgans as national distribution manager
Morgans joins the specialist underwriting agency for heavy motor insurance from GT Insurance.
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- June 13 2024
Noto earthquake insurance payout reaches US$578.5m: GIAJ
The claims payout rose by 7% since the last tally on April 26 as insurers have settled 103,439 claims across Japan.
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- June 13 2024
Australia’s 2024 insured nat cat losses top US$1bn: ICA
The country saw three weather events this year leading to 144,772 claims with the Christmas and New Year storms accounting for AU$1.3bn, data from the industry body shows.
