Country: Asia Pacific Page 181 / 647
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- October 18 2024
Analytics: Australian intermediated premiums grow 8.2% in 2023-24
While the GWP placed with Lloyd’s in the 12 months grew at a comparable pace, business placed with unauthorised foreign insurers declined marginally.
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- October 17 2024
India extends IFRS 17 implementation deadline to April 2027: report
IRDAI had earlier set an April 2025 deadline for the implementation of the new accounting regime in the insurance sector.
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- October 17 2024
SRG taps Marsh veteran Collin Yap as APAC chief executive
Singapore-based Yap was previously CEO of Marsh McLennan Singapore and will start in his new role in 2025.
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- October 17 2024
XL Reinsurance China renamed as Axa International Re
The name change is effective October 16 and follows all regulatory approvals including from the National Financial Regulatory Administration for its acquisition.
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- October 17 2024
APRA urges carriers to reflect on MGA risks, prioritise 2025 prudential standards
Executive board member Suzanne Smith said that a focus for the regulator in the coming year is the risk associated with outsourced underwriting to agencies.
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- October 17 2024
Exclusive: WTW restructures Asia political violence terrorism team as regional head exits
Leonard Chan, head of terrorism and political violence, Asia, has recently resigned from the role, InsuranceAsian News can reveal.
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- October 17 2024
HDI Global names Adriana Giometti as market manager in Australia
Sydney-based Giometti will be in charge of major accounts practice, strategic agreements and German international programmes.
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- October 17 2024
Asia economic losses for 9M 2024 top US$70bn as secondary perils drive costs: Gallagher Re
Three of the top five costliest economic events for the period were in Asia – China seasonal floods, Typhoon Yagi and the Noto Peninsula earthquake – accounting for combined US$50bn in economic losses and US$4.7bn in insured losses.
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- October 17 2024
Harry Edwards succeeds Céline Peredy as Allianz Trade’s Asean hub commercial director
Peredy has relocated to Paris to assume the new role of strategic account director for multinationals for the carrier.
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- October 17 2024
Mitsui Sumitomo to offer Australia cyber capacity to Coalition
The multi-year agreement, starting January 1, 2025, will include collaboration on cybersecurity solutions for small and medium-sized enterprises in Japan.
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- October 16 2024
Howden strengthens Asia consulting team with London move
Giles Haythornthwaite will relocate to Singapore as associate director for Howden Markets Asia.
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- October 16 2024
Hong Kong to foster marine insurance amid effort to consolidate global risk management centre status
The SAR government will encourage leading marine insurers to establish presence in the city and develop marine insurance talents, chief executive John Lee says in policy address.
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- October 16 2024
Vietnam’s Techcombank set to launch non-life carrier
Hanoi-headquartered Techcom Non-Life Insurance received approval from the Ministry of Finance and is expected to start operations early November.
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- October 16 2024
Scor promotes Paula Bourke to CEO of life and health for ANZ
Sydney-based Bourke was most recently the reinsurer's regional deputy CEO and global head of proposition and innovation, L&H.
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- October 16 2024
Sedgwick appoints ex FWD Singapore CEO as Asia finance director
Kee Eng Khor will be based in Singapore supporting the loss adjuster's Asia finance teams, regional leadership team and business units.
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- October 16 2024
Central Bank of India’s acquisition of stake in Generali JVs gets antitrust approval
The Competition Commission of India has cleared the state-owned lender's acquisition of 24.91% equity stake in Future Generali India and a 25.18% equity stake in Future Generali India Life.
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- October 16 2024
AIG hires Jules Sperring as APAC head of commercial property & business pack
Sperring joins from Allied World and will continue to be based in Singapore.
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- October 16 2024
Sompo continues APAC build out with new COO
Singapore-based Maya Lee starts immediately and will report to Daniel Englberger, Sompo International chief operating officer, and Kenneth Reilly, APAC chief executive.
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- October 16 2024
SRCC rates harden, capacity, limits lower as tensions grow
Broader strike riots and civil commotion extensions under property programs are unlikely to be the norm going forward.
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- October 16 2024
APAC business insolvencies projected to increase by 3% in 2024: Allianz Trade
A gradual easing of monetary policies could offer some relief, but it won’t be a silver bullet for struggling businesses.
