Country: Asia Pacific Page 157 / 518
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- July 19 2023
China Taiping deputy general manager resigns following reports of corruption probe
Xiao Xing, who has been with the insurer since 2013, is being investigated by the country's anti-graft watchdog.
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- July 19 2023
Asian aviation insurance riding airline startup tailwinds
The post-pandemic recovery in travel is leading to an aviation boom, however, the increasing cost of repairs and lack of skilled talent pose a challenge.
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- July 18 2023
Gallagher acquires Queensland broker Thompson Insurance
This is the second acquisition in the Sunshine Coast region which is anticipating higher economic development.
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- July 18 2023
Arch Australia strengthens property team with Allianz hire
Sydney-based Nick Wood has been appointed national property underwriting manager with responsibility for Australia and the Pacific region.
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- July 18 2023
Allianz Trade appoints Chris Markesteijn as APAC head of surety and guarantees
Markesteijn, who is relocating to Singapore, will replace Christopher Shortell who will move to the role of surety services director at Allianz Trade Americas.
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- July 18 2023
Carriers prepare for claims deluge as floods hit India, Korea, Japan and China
Extreme weather, including heavy rainfall, landslides, a typhoon and heatwaves, has put (re)insurers, brokers and adjusters on high alert.
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- July 18 2023
CNPC Captive’s COR improves 24 points to 71% on reserve releases: Moody’s
The rating agency affirming the captive's A2 rating noting that it has reduced exposure to cat perils after it ceased insuring some pipeline assets divested by CNPC.
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- July 18 2023
Australia’s Rhodian launches its first underwriting agency
Halo Underwriting is a property and liability MGA backed by Lloyd’s which offers cover for specialty risks for SMEs and the mid-market.
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- July 17 2023
Tokio Marine’s underwriting profitability to improve modestly: Moody’s
The rating agency affirmed the insurer a rating of Aa3, one notch above the Japanese sovereign rating of A1, with a stable outlook.
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- July 17 2023
Greensill administrator sues IAG for US$2.25bn over Liberty Steel dues: report
The Germany-based administrator claimed that any amount not repaid by Liberty should be recoverable under the insurance from the Australian insurer.
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- July 17 2023
Japan to offer trade credit insurance for LNG shipments
State-owned Nippon Export and Investment Insurance will cover lenders against political risks, including war, natural disasters, transfer/convertibility restrictions, and commercial risks.
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- July 17 2023
Exclusive: Ryan Specialty set for Asia foray with M&A unit
The MGA, Ryan Transactional Risk, has hired an AIG exec to lead the Singapore office, which will write business from across Asia Pacific.
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- July 17 2023
Chubb names Jeremy Leow as Asia PI and medical malpractice underwriting manager
The insurer has also appointed Wendy Lai to head its bancassurance partnership with Hang Seng Bank in Hong Kong.
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- July 14 2023
Filipino carriers’ Covid-19 total claims bill was US$412m at end of 2022
Insurance Commission data shows that claims dropped sharply in the second half of last year.
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- July 14 2023
Nat Re to rejig portfolio with a shift to life business to improve profitability: AM Best
The rating agency has affirmed the reinsurer's rating of B++ (good) with a stable outlook.
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- July 14 2023
Cyber market in APAC set to surge by 2025
Overall market growth for the sector continues to be bullish with SMEs in the region bearing the brunt of malware attacks and cyber war.
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- July 14 2023
MSIG paid out US$45m of claims in Hong Kong and Macau in 2022
The figure is a dip from US$48.6m in 2021, but the firm's claims settlement ratio increased to 92.9%.
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- July 14 2023
BYD Auto to raise insurance arm’s registered capital by US$420m
After the capital injection, BYD Property Insurance's registered capital will reach US$560m and the parent will maintain 100% shareholding.
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- July 13 2023
Reliance General Insurance owners’ lenders approve Hinduja takeover bid
The deadline to file the resolution plan with the National Company Law Tribunal is July 15.
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- July 13 2023
HDI takes Markel’s James Guardino to enter Asian political & credit risk market
Guardino will report to Singapore managing director Graham Silton and Nick Robinson, HDI Global Specialty’s head of political and credit risk in London.
