Country: Asia Pacific Page 264 / 517
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- September 15 2021
February’s Fukishima earthquake claims rise to US$1.88bn: GIAJ
The industry association says the event has resulted in over 213,000 claims so far and has cost insurers nearly US$2bn.
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- September 15 2021
Hero Insurance Broking gains reinsurance licence — report
Hero Enterprise chairman Sunil Munjal says the broker wants to offer lines such as manufacturing and employee benefits.
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- September 15 2021
Renewable energy risks climb in Asia: Lloyd’s webinar
Solar and wind farms are more susceptible to nat cats than traditional forms of energy.
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- September 15 2021
Asia nat cat costs double since 2010
Floods, earthquakes and typhoons have caused economic losses of around US$650 billion over the past decade.
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- September 14 2021
Markel adds senior fine art and specie underwriter in Singapore
Janita Leu will report to the specialty player's Asia director Colin Fordham.
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- September 14 2021
BMS appoints senior financial lines duo in Australia
Guy Van Dugteren and Andrew McKenzie have joined from Gallagher and Aon and are both based in Brisbane.
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- September 14 2021
Falcon GM to join Hong Leong Insurance in Hong Kong – sources
IAN understands that Cody Hui is making the switch with Furmen Chiu set to join Falcon.
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- September 14 2021
Hannover Re eyes APAC growth, stable 2022 renewals
The reinsurer says it has achieved and -- in some instances -- outperformed its initial profit targets in the region.
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- September 13 2021
HK’s temporary facilitative measures extended to March 2022
The HKIA's exemption allows for the distribution of certain products via digital channels, telemarketing, post or video conferencing.
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- September 13 2021
MSIG Singapore taps Mack Eng as new CEO
The current chief executive Craig Ellis is retiring and returning to Australia.
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- September 13 2021
Malaysian regulator seeks feedback on bancassurance
The central bank has given stakeholders until September 30 to submit feedback.
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- September 10 2021
Indian authority issues guidance on cyber insurance
The IRDAI wants insurers to review their existing cyber products as attacks accelerate during the pandemic.
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- September 10 2021
Vietnam rebound crashes into delta variant
Non-life premiums grew 11% in the first half but surging Covid cases threaten recovery.
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- September 9 2021
CBIRC says motor insurance reforms meeting objectives
Regulator says auto insurance's share of the P&C market is nearing that of US and Japan after last year's regulatory changes.
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- September 9 2021
HSBC Life appoints new Singapore head
Ho Lee Yen joins as chief executive officer from AIA Singapore, where she held the role of chief distribution officer.
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- September 9 2021
ICNZ says July storms cost US$87m
The extreme weather event has created over 5,000 claims so far as Covid-related restrictions slow repair work.
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- September 9 2021
Underwriting pressures weigh on Asia’s reinsurers
Capacity, pricing and climate change are all affecting the industry’s outlook.
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- September 9 2021
Lloyd’s Asia players highlight property, manufacturing risks: webinar
The ability to add extra protection through ownership seen as a key factor affecting an insured's risk profile.
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- September 9 2021
Australia’s insurers call for national approach on disaster recovery
ICA report says the removal of state taxes on insurance should boost coverage across the country.
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- September 8 2021
Fubon Insurance’s risk profile defined by geography: Moody’s
The Taiwanese insurer's operations in mainland China and Vietnam accounted around 10% of total revenue in 2020.
