Country: Asia Pacific Page 199 / 512
-
- October 31 2022
New South Wales government announces US$513m flood package
Since 2019 insurers have received more than 577,000 claims related to declared flood events to the value of $5.64bn.
-
- October 31 2022
Australian insurance regulator names new chair
APRA has elevated John Lonsdale to chair and appointed Margaret Cole as deputy.
-
- October 28 2022
AGCS’ Nick Wood steps up to lead APAC property
The deputy APAC property head is replacing Victorio Villar who is leaving the firm at the end of the year to pursue “other interests”.
-
- October 28 2022
IRDAI permits FRBs, Lloyd’s India to repatriate excess capital
Foreign reinsurers can withdraw up to 20% of assigned capital once a year, according to the circular.
-
- October 28 2022
Brokerslink adds Uncharted as tech affiliate
The Singapore firm provides brokers, MGAs and insurers access to a cloud-based digital platform.
-
- October 28 2022
Exclusive: Fosun seeking US$1.25bn for Peak Re
Offers are likely to come in at a substantial discount to Bermudian peers, IAN understands.
-
- October 28 2022
Irene Chiu swaps Gallagher for Aon in Hong Kong: sources
She joins as head of growth and Delivering Aon United leader.
-
- October 27 2022
Starr hires senior casualty exec as Hong Kong liability head
Jazz Tang was most recently liability underwriting manager at Bank of China Group Insurance.
-
- October 27 2022
China P&C grew 10.6% YoY in the last decade
While GWP zoomed 153% to US$192bn in 2021, the share of motor moderated to 56.8% to 72.4% 10 years ago, CBIRC data shows.
-
- October 27 2022
Rate rises and healthy pipeline power Lloyd’s Asia renewable consortium
The facility’s US$100m capacity could be increased, says Chaucer Singapore CEO Margaret To.
-
- October 27 2022
IRDAI seeks to level the playing field for reinsurers
The insurance regulator proposes to remove state-owned GIC Re’s right of first refusal on Indian cedents.
-
- October 27 2022
Policy wording failure key reason for Covid BI exposure: APRA
Insurers dithered because of a perceived “first-mover'' disadvantage of losing business if policies were adjusted to reflect Quarantine Act changes.
-
- October 26 2022
Tower trials parametric cyclone cover in Fiji
While the island country is heavily exposed to cyclones, fewer than 10% of Fijian households have insurance.
-
- October 26 2022
Chubb promotes Jennifer Vanek to senior Australia global broker role
She has been at the insurer for five years working across product, distribution and key accounts.
-
- October 26 2022
Canopius’ Newman: APAC demand and economic fundamentals ‘still very strong’
The APAC CEO tells IAN about the carrier’s regional expansion as it embarks on its next five-year plan.
-
- October 26 2022
Japan inland flood losses to rise 50% by 2050, JBA models show
The flood modelling specialist has launched a set of global climate change tools for flooding in every country.
-
- October 26 2022
Australia formalises US$630m special disaster fund
The Labor government’s first budget announced additional measures to strengthen insurance framework.
-
- October 25 2022
Aon elevates William Pembroke to Thailand CEO
He replaces the broker's country leader of three decades Andrew Bentley, who moves to a senior consultant role.
-
- October 25 2022
HKIA working with CIB to support brokers eyeing GBA
Insurance Authority's Stephen Yiu, Chubb's Doug White, Howden's Mark Johnson and veteran Adrian King shared views at the annual brokers' conference.
-
- October 25 2022
Analytics: APAC nat cat damage 43% below average for H1
Flooding in Australia/China and an earthquake in Japan accounted for nearly half of these losses.
