Country: Asia Pacific Page 28 / 529
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- March 18 2025
Axa XL announces key promotions in APAC, Europe construction and energy underwriting team
Paris-based Olivier Croese will lead the team, while Madrid-based Susana Huete Santos becomes regional product leader.
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- March 18 2025
Cyclone Alfred insured losses to reach US$1.6bn, flood modeller predicts
JBA says 'previous concerns about a high number of severe wind damage claims were not realised' following the event earlier this month.
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- March 18 2025
Howden Private Wealth bolsters APAC team with double leadership promotion
The high net-worth insurance broker has elevated Bryan Pee to Singapore and Malaysia CEO, while Shirley Sy has been named Hong Kong deputy CEO.
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- March 18 2025
APAC business insolvencies to grow by 5% in 2025: Allianz Trade
Taiwan (+8%), South Korea (+3%) and Hong Kong (+2%) will see insolvencies continue to rise in 2025 due to weaker external demand and lagging effects of prolonged high interest rates.
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- March 18 2025
Allianz ‘will explore new opportunities’ in India as it exits JVs with Bajaj for US$2.8bn
German insurer will sell its 26% stake in Indian non-life and life insurance JVs to Bajaj Group.
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- March 18 2025
‘More players, more capacity, more specialisation’: Asia renewables market set to shine as green transition gathers pace
Recent months have seen new high-profile entrants into the Asia renewables market, with further capacity growth and product innovation on the table for 2025 and beyond.
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- March 17 2025
QBE Asia strengthens Japan fac offering with Guy Carpenter veteran
Singapore-based Chie Yamamura will take over as the insurer's head of Japan desk effective from April 1.
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- March 17 2025
Korean regulator to promote parametrics, support carriers’ overseas expansion to tackle emerging risks
FSC announces 11 proposals to address five major challenges – climate, overseas expansion, technology, population, and debt management.
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- March 17 2025
Sompo Insurance Singapore promotes Paddy Harman to head of financial, political risk for APAC
Harman joined Sompo as a senior underwriter for political and financial risk in September 2023 from Allianz Trade in London.
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- March 17 2025
Megan Shao named head of claims for Asia at Axa XL
Singapore-based Shao joins from Canopius.
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- March 17 2025
Cyclone Alfred claims top 63,000, but event ‘not as significant as first feared’
Insurance Council of Australia also releases its Industry Action Plan, which outlines the industry’s position on the remaining recommendations from the Parliamentary Flood Inquiry and the independent review of the industry’s Code of Practice.
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- March 17 2025
Japan veteran James Vickers to retire after 47-year career
Vickers, who spent nearly two decades in Japan, will step down from his role as chairman with Gallagher Re's international division on May 31, 2025.
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- March 17 2025
BHSI promotes Megan Howe to head of claims for Australasia
Auckland-based Howe has been with BHSI for over 10 years, most recently as claims manager for New Zealand.
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- March 17 2025
Aon names Nick Brown as Thailand director, head of natural resources
Brown, who was most recently director of natural resources for Asia, has spent seven years at the broker based in Jakarta, Singapore and Malaysia.
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- March 17 2025
Just the tip of a liability iceberg as PFAS risks become apparent, but legal reform roadblocks remain
Firms are set to be drawn into litigation, but changes to the law in Australia are unlikely as they could potentially open the government to significant risks, according to a Sydney-based lawyer.
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- March 17 2025
Seoul Guarantee shares rally 23% on Kospi debut
Insurer also confirms a 2024 year-end dividend of US$138m for investors holding shares through April.
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- March 14 2025
India’s Patanjali, DS Group to acquire Magma General Insurance for US$517m
Magma, which operates motor, health, property and other commercial lines, reported a GWP of US$379m in FY2024.
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- March 14 2025
‘Milestone’ with Fairfax-backed Valueattics Reinsurance set to become India’s first private reinsurer
Backed by Go Digit founder Kamesh Goyal’s Oben Ventures LLP and FAL Corporation, a subsidiary of Indian-born Canadian billionaire Prem Watsa’s Fairfax Financial Holdings, company will begin operations with paid-up capital of US$23m.
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- March 14 2025
MSIG expands Hong Kong, Singapore political risk and trade credit lines with US tie-up
Partnership will help carrier capitalise on growing demand for specialised cover in the region, leveraging US-based underwriting expertise alongside strong local presence and market knowledge.
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- March 14 2025
Crawford promotes Brendan Ames in Australia
He has been handed the role of strata strategic partnership manager and senior loss adjuster, having been with Crawford since February 2020.
