Country: Asia Pacific Page 288 / 511
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- February 9 2021
China/US tensions reduced political risk appetite: WTW
Worldwide market capacity is US$4bn with around half allotted to Asia.
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- February 9 2021
Sedgwick adds to growing Singapore team
The loss adjuster has appointed Eugene Goh and Darren Ting to senior roles in the Lion City.
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- February 9 2021
Antares’s China exit signals run-off opportunity
Sale of legacy businesses could take off in post-Covid environment.
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- February 8 2021
Taiwan to push capital strength and sustainable finance: Fitch
The FSC has pinpointed key focus areas as insurers prepare for IFRS 17 and a new solvency regime.
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- February 8 2021
No ‘A grades’ from CBIRC in new governance rankings
Six insurers, including China Re and Ping An, received a ‘B’ rating from the regulator.
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- February 8 2021
Ant Group’s woes a boon for established insurers
CBIRC intervention suggests higher barriers to entry for would-be digital disrupters.
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- February 5 2021
Ratings round-up: Malaysian Re retains ‘strong’ IFS rating
Indonesian reinsurance player Tugure also keeps 'A+' rating from Fitch.
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- February 5 2021
Perth bushfire losses surpass US$30m
The Insurance Council of Australia has declared a catastrophe for the affected communities.
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- February 4 2021
Chubb hires head of Asia property from AIG
Alex Todd will oversee the insurer's regional commercial property portfolio from Singapore.
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- February 4 2021
Ping An’s P&C operating profit fell 23% in 2020
Financial guarantee insurance's COR climbed to 111%, but life and health profits increased 5.2%.
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- February 4 2021
Antares commits to Asia despite Lloyd’s China run-off
The specialty player will continue to place China business through Singapore.
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- February 4 2021
South Korea’s digital sandbox a ‘breakthrough’
Move creates opening for insurtechs as the regulator pushes financial services innovation.
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- February 3 2021
Sedgwick acquires New Zealand building consultancy
Thurlow Consulting Engineers will give the loss adjuster in-house engineering and construction expertise.
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- February 3 2021
WTW makes two senior Asia financial lines appointments
Sagar Mehta and Ernest Heng join Singapore team as broker's merger with Aon faces regulatory scrutiny.
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- February 3 2021
Queensland body calls for national reinsurance pool
Local government cites rising unaffordability of insurance in the north of Australia.
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- February 3 2021
Generali seems keen as India opens up
Despite the change, foreign insurers are expected to remain sceptical as more details emerge.
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- February 2 2021
Ken Lai to leave Hong Leong Insurance (Asia)
The outgoing general manager has been at the Hong Kong P&C player since August 2019.
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- February 2 2021
QBE appoints Sue Houghton as Australia Pacific CEO
The experienced Australian executive is set to join from Westpac in August.
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- February 2 2021
AIA, China Strategic submit binding bids for BEA Life: report
The sale is expected to raise US$500-600m for the Hong Kong-listed lender.
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- February 2 2021
Bohai Life among six insurers failing China’s tougher solvency rules
Moody's also flags Chang An P&C, Aeon Life, Qianhai Life, JK Life and Sino-French Life.
