Country: Asia Pacific Page 270 / 510
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- July 1 2021
Reforms target Australia’s ‘absurd’ D&O rates
Senate bill aims to curb class-actions as premiums for PLCs tripled in 2020.
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- July 1 2021
Indonesia’s Covid resurgence threatens recovery
P&C premiums were up by 4.2% in the first four months of the year.
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- July 1 2021
CMI sees growth in marine, property and liability lines
The P&C player's accident segment was the only line to record lower GWP last year.
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- June 30 2021
AIA bets big on red with China Post Life stake
The Hong Kong firm became China’s only wholly foreign owned life insurer last year.
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- June 30 2021
Swiss Re: Emerging markets’ savings gap around triple GDP
Emerging Asia has a pension savings gap of US$3.8tn a year.
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- June 30 2021
Lloyd’s syndicates eye India growth
Country manager tells IAN the reinsurance market has gaps after recent upturn.
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- June 29 2021
Aspen Re appoints Beatrice Morley to lead APAC
The global head of casualty takes on the role from Philip Hough who is relocating to Zurich.
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- June 29 2021
Aon/WTW: Singapore antitrust watchdog plans ‘further review’
The CSSS has identified executive compensation consulting as an area for closer scrutiny.
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- June 29 2021
Chubb appoints new Philippines’ country president
Mari Rachelle Canta to replace Peter van Ratingen, who is set to lead consumer lines in Australia/NZ.
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- June 29 2021
Peak Re hires from Swiss Re for senior VP Europe role
Karlheinz Render will start on August 1 and be based in Zurich.
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- June 29 2021
Munich Re’s Singapore syndicate eyes renewables, cyber
The specialty (re)insurer saw double digit growth in 2020 and is in expansion mode.
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- June 28 2021
South Korea’s Coupang eyes US$300m claim over logistics centre fire
Korean Re, DB, KB, Lotte and Heungkuk F&M are the insurers involved.
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- June 28 2021
RACQ CEO calls for national reinsurance pool
The Treasury has been seeking comment on plans to cover cyclone-risk in northern Australia.
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- June 28 2021
Chaucer, China Re launch BRI consortium
The new Lloyd's venture will initially underwrite political violence risks.
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- June 25 2021
PICC Hong Kong to continue reinsurance dependence
AM Best report notes the insurer's inward reinsurance premium was around US$155m in 2020 -- an increase of 11.7% over the previous year.
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- June 25 2021
Australia’s High Court rejects ICA’s BI appeal
Insurers face billions in claims but a second test case is already underway.
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- June 25 2021
Japan, US insurance regulators discuss climate and Covid
The Insurance Regulatory Dialogue brings together regulators from the FSA and NAIC.
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- June 25 2021
Asia’s rising trade credit claims to be offset by growth
Insolvencies are up but an economic recovery should benefit insurers.
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- June 24 2021
AUB-backed SPG secures specialty broker acquisition
The Western Australia firm provides cover including cyber, D&O, liability and PI.
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- June 24 2021
Zurich handed Hong Kong life licence
The new structure is overseen by chief executive Geoffrey Au.
