Country: Asia Pacific Page 156 / 502
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- May 4 2023
India, Singapore lead Asia early-stage insurtech funding in Q1: Gallagher Re
India stood third globally in value terms with US$39m in investments, Singapore saw deals worth US$13.2m.
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- May 4 2023
Berkley promotes Esther Kwok to Greater China commercial lines head
Hong Kong-based Kwok will lead both financial and casualty lines in her new role.
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- May 4 2023
New Zealand mulls ban on rebuilding ‘high-risk’ properties as cat claims surge
IAG deals with a record 46,000 summer claims as government spends US$400m on Cyclone Gabrielle clean-up costs.
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- May 3 2023
New Zealand flood losses rise to US$1.08bn: Perils
The figure relating to the North Island event is a 6% increase from the initial loss estimate of US$1.03bn.
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- May 3 2023
Peak Re COR at 101.4% as it reports first-ever net loss
The Hong Kong-based reinsurer's GWP grew 7% to US$2.3bn in FY 2022, but it posted a net loss of US$81m.
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- May 3 2023
Sri Lanka Insurance to hive off general insurance arm as it readies for sale: report
The state-owned insurer's portfolio includes more than one million general and life policyholders each, with a combined GWP of US$131m.
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- May 3 2023
HDFC Ergo GI elevates Anuj Tyagi to joint managing director
A 14-year veteran with HDFC Ergo, Tyagi was most recently deputy MD.
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- May 3 2023
Marsh signals Western Australia expansion plans with broker buy
The acquired firm, Austral Risk Services, is a specialist in transport and serves over half the taxi and limousine market in Perth.
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- May 3 2023
ICA calls for regulatory planning overhaul along UK lines
The insurer body is pushing for new financial services planning and prioritisation forum modelled on the Financial Services Regulatory Initiatives Forum.
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- May 3 2023
Exclusive: McLarens expands in Malaysia with two more branches amid hiring spree
The loss adjuster has opened offices in Johor and Penang and has recruited several senior adjusters.
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- May 3 2023
Zurich promotes Alexandra Wrobel to head of cyber for commercial insurance Asia
Wrobel was most recently the head of casualty, commercial insurance Hong Kong.
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- May 2 2023
West P&I appoints Tony Paulson as Asia head
Paulson will continue his current role as the club’s corporate director alongside his new position.
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- May 2 2023
BMS acquires Australian MGA Gard Insurance
The deal, which is the first acquisition of an Australian underwriting agency for the specialist broker, includes hospitality specialist ALE Underwriting.
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- May 2 2023
Berkley bolsters Korean desk with senior marine underwriter from UIB
Hans Hwang joins the team as marine underwriting manager in Singapore.
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- May 2 2023
Pressure mounts on Japan to provide long-term solution for marine risks
While the dispensation for insuring imports from Russia's Sakhalin project remains in place, the future remains uncertain.
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- May 2 2023
Canopius strengthens Australia treaty team with Aspen Re hires
The Lloyd's (re)insurer has hired Andrew Parker as head of treaty for Australia and New Zealand and Paul Wedlock as head of property treaty for the region, who are also joined by casualty underwriter Peter Mattei.
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- May 2 2023
Guild Insurance capital adequacy to remain strong in medium term: AM Best
AM Best has affirmed the insurer rating at A- (excellent) with a stable outlook, taking note of its very strong balance sheet.
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- May 1 2023
16 Hong Kong insurers launch GBA cross-border motor cover
Vehicles from the SAR travelling to Guangdong via the Hong Kong-Zhuhai-Macau Bridge are eligible from July 1 to buy unilateral recognition policy.
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- May 1 2023
Shinkong Insurance could sustain stable COR, positive underwriting results: AM Best
The insurer has been rated “a” (excellent) for its very strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management.
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- May 1 2023
Specialist Apollo syndicate ibott teams up with new Australian Lloyd’s coverholder
Mustard Underwriting is offering cover for the 'sharing economy'.
