Country: Asia Pacific Page 155 / 502
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- May 10 2023
Axis Capital appoints Mark Gregory as head of global markets, including APAC
Gregory will oversee underwriting and business growth strategies for APAC, emerging markets and Latin America.
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- May 10 2023
Starr Insurance expands Malaysia operations with Labuan branch
Starr Labuan, to be overseen by Rawi Letchumanan, will take over all new and renewal business previously produced by Starr Underwriting Agents (Labuan).
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- May 10 2023
Coverage gaps leave Asia vulnerable to supply chain risks
Companies in the region remain uninsured or underinsured as products for purely financial supply chain losses provide a wafer-thin patchwork of protection.
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- May 10 2023
Kyobo Life Insurance eyes general insurance re-entry via acquisition: report
The life insurer denied reports that it was in talks to acquire a 51% stake in digital carrier Kakao Pay Insurance.
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- May 9 2023
Travel company EaseMyTrip plans to enter Indian non-life business
The board met on May 8 to approve plans to set up a wholly owned subsidiary to start a GI arm and consider overseas acquisitions.
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- May 9 2023
Allianz Re | Securing India’s energy transition
Innovation and expertise are key to (re)insuring the country’s ambitious transition-to-renewables story.
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- May 9 2023
Berkley promotes Jasmine Lo to head of casualty, South-East Asia
Lo will continue to report to Aaron Yip, chief executive of the insurer's Singapore branch.
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- May 9 2023
IAG’s chief strategy officer and CFO to exit
Tim Plant leaves at the end of June as the carrier consolidates group functions, while CFO Michelle McPherson will retire by the end of 2023.
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- May 9 2023
JB Boda eyeing parametrics, ILS to strengthen India’s nat cat capabilities
The broker, which has an international footprint, sees opportunities in helping domestic carriers, who are poor at managing climate risk.
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- May 9 2023
Shawnna Lin joins Starr Insurance as senior underwriter
Singapore-based Lin joins from MS&AD Group owned MS First Capital.
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- May 8 2023
Tower sees Auckland flooding costs double to US$142m
The Kiwi insurer, whose cat event reinsurance kicks in at US$7.5m, is expecting to book US$3.5m of H1 losses.
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- May 8 2023
Losses mount from south-east China flooding
There have been more than US$72m of economic losses as the monthly precipitation is expected to approach or exceed May records.
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- May 8 2023
Asian D&O prices mirror global softening as capacity, competition grows
Rates may continue to moderate in the coming months but economic headwinds and regulatory changes in the region may warrant another correction.
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- May 8 2023
Medibank served a third class-action suit over data breach
Slater and Gordon filed a group proceeding in the Federal Court of Australia on May 5.
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- May 7 2023
Three key QBE subsidiaries handed ratings upgrades
AM Best revised outlook to stable for North America, Europe and UK subsidiaries on improved underwriting and operating performance metrics.
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- May 5 2023
Swiss Re rejigs Asia board with Victor Kuk appointed as CEO
Paul Murray steps down after becoming global CEO for L&H Re, while Deanna Ong has been named chairperson of the board.
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- May 5 2023
BHSI elevates Sydney-based Cameron Holmes to global role
Holmes will take charge as global underwriting officer, property for energy and construction.
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- May 5 2023
Swiss Re Asia 1.4 renewal premiums grow 25%
The reinsurer booked US$171m in New Zealand Q1 cat losses, says "a continuation of related costs seems unlikely at the moment'.
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- May 5 2023
Frontier launches fac broker with ‘big Australia focus’
The wholesale broker will focus on finding capacity for hard-to-place risks such as crypto, cannabis, cyber and tech PI.
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- May 4 2023
Asia commercial pricing moderates in Q1 2023: Marsh
Rates rose 1% in the region, while global commercial insurance prices increased 4% in Q1 2023, according to the broker's pricing report.
