Country: Asia Pacific Page 160 / 502
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- April 14 2023
Taiwan P&C carriers seek lifeline from owners after regulatory rebuke
Tokio Marine has taken majority control of its JV, while Fubon, Hotai, and CTBC parents are set to absorb losses.
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- April 13 2023
AIG appoints Chris Colahan as APAC president
Colahan will join AIG from Berkshire Hathaway Specialty Insurance where he was president of UK & Europe.
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- April 13 2023
New Zealand nat cat claims set new record for 2022: ICNZ
At US$218m, it is the third consecutive year a new record has been set, with 2023 already surpassing the total from January and February events alone.
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- April 13 2023
McLarens New Zealand brings financial lines specialist to its fold
Casualty and Professional Services' team led by Jeff Stagg will join the loss adjuster on April 17.
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- April 13 2023
ARPC declares cyclone event as Ilsa upgraded to category 5
The strongest tropical cyclone in the region in a decade is likely to hit Port Hedland, which is one of the largest iron ore ports in the world.
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- April 13 2023
J.B. Boda Viva Indonesia Reinsurance Brokers names Ricky Natapradja as CEO
He has held senior positions in Sompo Insurance Indonesia and Mitra Proteksi Madani.
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- April 13 2023
Opinion: India’s non-life players edging towards international systemic risk status
Home-spun big beasts GIC Re and New India will soon have more of an impact on the global stage.
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- April 12 2023
PVI Insurance leads consortium of insurers for crashed Vietnamese chopper
Bao Viet Insurance and Military Insurance are other members of the consortium that provides cover to the Vietnam Helicopter Corporation fleet.
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- April 12 2023
AIG Asia Pacific hires Cassandra Chua as a senior property underwriter
Based in Singapore, Chua, a former Swiss Re underwriter, specialises in property and casualty risks.
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- April 12 2023
Crawford partners with Vietnam’s NorthStar
The tie-up between the loss adjusters is designed to strengthen service and improve customer experience across the region of Cambodia, Laos, Myanmar and Vietnam (CLMV).
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- April 12 2023
Asian SMEs warm up to cyber cover after digital boom
The changing economy is seeing more business being handled online meaning threats are growing, but risk data is still lacking.
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- April 11 2023
Gallagher appoints Ralph Sherbahn as Asia financial lines leader
Sherbahn, who joins from Zurich, is based in Hong Kong and reports to North Asia CEO Thomas Wang.
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- April 11 2023
Taiwan regulator orders four insurers to raise capital or risk being taken over: report
Fubon, Tokio Marine Newa, Hotai and CTBC must restore their solvency levels by the end of June, or they would be taken over by the Financial Supervisory Commission within 90 days.
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- April 11 2023
AM Best upgrades CMB Wing Lung Insurance over CMI deal closure
The Hong Kong carrier to maintain a robust level of risk-adjusted capitalisation over the short to intermediate term.
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- April 11 2023
Enstar completes US$1.9bn LPT deal with QBE Insurance
The transaction covers a diversified portfolio of business, covering International and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs.
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- April 11 2023
Carriers eye terrorism and PV coverage as appetite grows and market hardens
Global (re)insurer Axis and Lloyd's player Mosaic Insurance are planning to expand cover in the under-served Asian market.
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- April 11 2023
Charles Taylor ties up with Korean loss adjuster
CTA works with a network of loss adjusting businesses around the world to offer its clients services where it does not have a regional presence.
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- April 11 2023
Market dislocation unlikely to disrupt Asian carriers
Asian insurers are casting their investment nets wider with a growing impetus on the sophisticated aspects of ESG.
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- April 10 2023
Nexus completes majority buyout of Spectrum Risk
Spectrum's presence within the MENA and Asia Pacific market fits with Nexus Underwriting's wider portfolio.
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- April 7 2023
Opinion: Indonesia’s 1998 riots and their impact on the (re)insurance market
Peter Phillips, chief client officer South Asia at Marsh, gives his views on how the events shaped political violence and terrorism cover.
