Country: Asia Pacific Page 220 / 557
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- March 17 2023
Axa XL strengthens Asia marine team with two senior level promotions
The insurer has named Itono Hakim as head of marine hull and aviation and Woei Chi Tan as hull practice leader for the region.
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- March 16 2023
ICA calls for 10-year disaster funding over worsening extreme weather
The insurer body wants the government to extend the US$133m per year programme into a rolling scheme.
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- March 16 2023
Honan snaps up New Zealand’s Certus Insurance Brokers
Certus has 15 employees operating across offices in central and regional Auckland and is part of the NZbrokers network.
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- March 16 2023
Exclusive: Hankook Tire fire losses may reach liability limit of US$230m
While KB Insurance has a 40% exposure to the risk pool, Samsung, Hyundai and DB Insurance have 20% each, IAN can reveal.
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- March 16 2023
Ping An P&C combined ratio rises to 100.3% in 2022
The Chinese carrier saw premium income grow 10.4% year on year to US$43bn.
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- March 16 2023
PetSure gets general insurance licence in Australia
The pet health company already had an underwriting agency which provides pet cover.
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- March 15 2023
India’s Bandhan Group eyes deal for general insurance foray: report
The financial services group had recently met IRDAI officials as part of its insurance foray.
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- March 15 2023
Auckland floods initial loss estimate is over US$1bn: Perils
The unprecedented event is labelled as the largest weather-related insurance industry loss historically for New Zealand.
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- March 15 2023
QBE elevates Andex Fung to head of Asia SME
Fung was most recently QBE's head of retail and SME underwriting for Hong Kong.
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- March 15 2023
Claims pile up from Malaysia flood losses as unseasonal rains continue
Loss adjusters have seen hundreds of claims, while agriculture damage already exceeds the overall losses in the state of Johor for 2022.
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- March 15 2023
Marsh McLennan appoints North Asia, South-East Asia CEOs and 11 country heads in Asia
In a wholesale leadership overhaul in the region, the group has new chief executives in Japan, China, Korea, Hong Kong, Singapore, Taiwan, Malaysia, Indonesia, Thailand, the Philippines and Vietnam.
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- March 15 2023
Generali Asia P&C combined ratio improves to 99%
The carrier's Asia P&C gross written premium was up 16% on a "like for like basis" in FY 2022.
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- March 14 2023
Government may inject funds into 3 Indian state-owned general insurers: report
United India Insurance, Oriental Insurance and National Insurance are facing a US$485m shortfall in capital to meet solvency requirements.
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- March 14 2023
PSC Insurance acquires two UK businesses for US$15m
The acquisitions of a MGA and a retail broker are expected to add up to US$4.7m to PSC's top-line.
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- March 14 2023
Sedgwick names Kate Johnstone head of risk in Australia
Johnstone has over 25 years of insurance experience including managing risk and compliance operations.
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- March 14 2023
Asian insurers lag global peers as IFRS 17 kicks in
With traditional accounting measures such as GWP and NWP being phased out, there are numerous reporting challenges to overcome.
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- March 14 2023
Markel hires downstream energy underwriter from Scor in Singapore
JJ Wong has become one of five downstream underwriters at the global player.
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- March 14 2023
FWD refiles for Hong Kong IPO again
The Hong Kong-headquartered insurer had previously delayed the listing twice due to 'a weak market'.
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- March 14 2023
TravelCard appoints Michael Storozhev as chief underwriting officer
Sydney-based Storozhev will be part of the Australia executive leadership team, reporting to the regional CEO Peter Klemt.
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- March 14 2023
Michael Di Veroli named head of newly formed Epsilon specialty division
The experienced market exec will work across property, parametric, construction and liability product classes.
