Country: Asia Pacific Page 21 / 528
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- April 9 2025
WTW elevates Carlos Ortega as cyber leader for Hong Kong, greater China
Ortega, who was earlier lead for Hong Kong, has held senior roles across Asia and Latin America, focusing on financial and cyber insurance.
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- April 8 2025
South Asia flooding reveals risk of erratic monsoon patterns: WTW
Rain gauges across South Asia recorded unusually high totals last year, including in New Delhi in India, Lahore in Pakistan, Kathmandu in Nepal and Cox's Bazar in Bangladesh.
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- April 8 2025
Cyclone Alfred becomes RACQ’s largest claim event, expects to cost US$120-133m
RACQ has received close to 18,000 claims following the event last month and has paid out US$7.5m.
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- April 8 2025
APAC cyber premiums to top US$3bn by 2030: Munich Re
Reinsurer expects global market to more than double to US$32.4bn in the next five years, making it one of the most rapidly growing insurance sub-sectors.
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- April 8 2025
‘Picky and choosy’ Asta owner Davies seeks to remain on the front foot, with Asia in its sights
Region is very much a part of the insurance-focused professional services provider's strategy for 2030 and beyond, CEO Dan Saulter tells InsuranceAsia News.
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- April 8 2025
Markel’s Stobbs confirms ‘desire’ to return to UK by end of 2025
'I’ll miss being in the region, though I’ll certainly keep cheering the team on from the headquarters,' Markel's Asia Pacific managing director says.
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- April 8 2025
India’s Unilight appoints Sumit Bohra as executive director
Bohra, who joins the (re)insurance broker from GlobeSecure, is the outgoing president of the Insurance Brokers Association of India.
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- April 7 2025
India’s general insurance market to rebound in FY26
The growth in premium will be primarily driven by rate increases pushed by hardening of reinsurance rates for certain lines of business and inflationary pressures, according to Fitch-owned agency India Ratings and Research.
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- April 7 2025
Munich Re’s Shashank Kaushik joins Bajaj Allianz as head of technical for agri business
Pune-based Shashank was most recently senior underwriter for the reinsurer, focused on key clients across APAC and Africa.
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- April 7 2025
Japanese insurers set for excess capital boost to lift overseas expansion: AM Best
Business improvement orders from Japan’s Financial Services Agency expected to accelerate sale of their strategic equity holdings, according to the global rating agency.
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- April 7 2025
Tom Burrell departs Marsh UK for Pacific M&A role
He takes up the role of head of private equity mergers and acquisitions for the region based in Sydney.
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- April 7 2025
Tokio Marine to net US$1.2bn from Mitsubishi share buyback
TMNF plans to tender its entire holding in the conglomerate as part of the Japanese insurer's plan to divest cross-holdings.
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- April 7 2025
New cyber liability ‘risk is real’ for Australian insurers after privacy law change
Cyber Security Act, accompanied by the Privacy and Other Legislation Amendment Bill 2024, has increased the companies' responsibilities around cybersecurity, law firms say.
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- April 6 2025
Kiwi regulator files civil proceedings against IAG pricing misconduct
Approximately 269,000 customers were affected, resulting in overcharges of approximately US$20m.
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- April 6 2025
Sedgwick appoints Ryan Brennan as head of digital first
Sydney-based Brennan will lead the design and delivery of the loss adjuster's next-generation digital-first claims platform.
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- April 5 2025
CMB Wing Lung Insurance sees growth in marine: AM Best
The rating agency has affirmed A (excellent) rating with a stable outlook to the Hong Kong insurer supported by its very strong balance sheet, strong operating performance and neutral business profile.
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- April 4 2025
Trump’s tariffs on Asia to strain supply chains and regional economies
As markets react negatively, experts warn of potential vulnerabilities, particularly in sectors like specialty insurance and agriculture, highlighting the far-reaching implications of escalating trade tensions.
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- April 3 2025
Prudential names John Cai as Malaysia, Indonesia, Vietnam, and agency CEO
Hong Kong-based Cai's appointment comes as Solmaz Altin, regional CEO for growth markets, health and agency, relocates to Europe.
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- April 3 2025
Sompo appoints Sherlyn Kok as vice president, APAC head of compliance
Singapore-based Kok will lead the regional and local market compliance, reporting to Todd Corey, executive vice president, general counsel, APAC.
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- April 3 2025
Thailand’s natural disaster risk profile stable after March earthquake: report
As the country, especially the central region, has a very low seismic hazard exposure, Allianz Ayudhya General Insurance said the event did not change the risk profile of the market.
