Country: Asia Pacific Page 205 / 517
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- 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.
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- October 25 2022
ICA estimates 9,251 insurance claims from ongoing floods
Record property damage, road, public infrastructure and sheer volume of water, likely says Victoria’s premier as rains continue.
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- October 24 2022
WTW recruits senior Marsh exec for head of P&C Australasia role
Robert Lasovski had been at Marsh for over 20 years and was most recently Australia national corporate & commercial leader.
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- October 24 2022
Dah Sing Insurance expanding into construction all risks, mortgage cover
The company is reducing its offshore inward reinsurance portfolio amid a capital and surplus decline by US$30 million in the first half of 2022, according to AM Best.
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- October 24 2022
Asta set for Lloyd’s Asia foray
The third-party managing agent's group director Julian Tighe tells IAN its clients want to trade in South-East Asia.
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- October 21 2022
Thomas Haddrill promoted to Lloyd’s Asia CEO
Joshua Lynch named Lloyd's regional market development manager, Asia Pacific, Middle East & Africa.
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- October 21 2022
Cathay Financial to inject US$300m into Cathay Century
The fundraise will help the Taiwanese P&C player absorb rising losses on pandemic policies and mark-to-market losses on their investments.
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- October 21 2022
Warburg Pincus commits US$350m for ‘buy-and-build’ South-East Asia P&C digital player
IAN recently revealed that the new company, to be called Oona Insurance, had completed an acquisition in the Philippines.
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- October 21 2022
Governments hold back APAC carriers’ green transition
Many regional (re)insurers are hesitating to ditch fossil fuels faster than their national policies dictate.
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- October 21 2022
Australian general insurers well capitalised despite monster flood: APRA
The industry maintained a coverage ratio of 1.7x the minimum requirement, the regulator’s annual report showed.
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- October 20 2022
Peak Re bolsters retrocession team with Kenneth Ip
The former associate director at Aon's reinsurance arm joins as assistant vice president in Hong Kong.
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- October 20 2022
MGA Fusion reinforces M&A underwriting with Aon duo
Hui Ling Wong joins as a senior partner in Hong Kong and Yen Lin Ee as a partner in Singapore.
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- October 20 2022
HDI Global Specialty makes Mark Fleiser Australia MD
Fleiser was most recently general manager and is based in Sydney.
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- October 20 2022
Robust deal pipeline spurs demand for Asia M&A cover
Excess capacity seems to be readily available despite volatility and over-reliance on a small group of insurers.
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- October 20 2022
Insurtech Coherent in C-suite shake-up with new Asia CEO
Joel Lim, who leads 'go-to-market' strategy, will become the regional chief executive.
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- October 20 2022
HKIA welcomes policy proposals to facilitate cross-border GBA cover
Hong Kong chief executive John Lee is targeting after-sales insurance service centres in Nansha and Qianhai.
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- October 19 2022
ICA escalates Australia floods to ‘insurance catastrophe’
Insurers have received 6,350 claims from across Victoria, New South Wales and Tasmania.
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- October 19 2022
CTBC launches bid to become Taiwan’s first virtual insurer: report
The P&C carrier has filed an application with the Financial Supervisory Commission.
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- October 19 2022
TMK eyes specialty growth in ‘complex, volatile’ Asia
Pavlos Spyropoulos says the target is to double regional GWP from US$100m in 2022 within five years.
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- October 19 2022
Ongoing Australian floods unlikely to trigger reinsurance cover: S&P
Insurers will be largely able to finance the claims themselves, though there are more flood warnings as rain and thunderstorms spread to other states.
