Country: Asia Pacific Page 295 / 531
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- May 28 2021
Swedish insurtech Greater Than opens Japanese subsidiary
The AI analytics platform currently partners with insurers such as Zurich and MSIG.
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- May 27 2021
Ardonagh buys Ed parent Corant Global for US$500m
The group comprises global assets including Besso, Ed, Piiq Risk Partners and Epsilon Underwriting.
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- May 27 2021
Philippines’ insurers paid US$80m in Covid-related claims in 2020
Insurance Commission survey reveals almost one-third of payouts went to death benefits.
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- May 27 2021
Tower Insurance hit by cat claims as H1 profit drops 19.5%
New Zealand P&C player dealt with a large fire and severe flooding, but GWP climbed 6% to US$141m.
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- May 27 2021
X-Press Pearl fire to see ‘significant’ cargo, salvage claims
Insurers face claims in the tens of millions of US dollars.
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- May 27 2021
Australian litigation funder backs Melbourne BI claims
Court House Capital backs hospitality businesses in A$20m claims dispute.
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- May 26 2021
Aon/WTW: New Zealand deadline extended to July 2
Antitrust reviews in Australia and Singapore are also still ongoing after Taiwan approved the deal last week.
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- May 26 2021
Sedgwick Australia promotes Daley to lead professional services
The forensic accountant has served on the adjuster's national leadership team for five years.
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- May 25 2021
Euler Hermes appoints new APAC CEO
Company veteran Paul Flanagan to begin on July 1 as Holger Schäfer handed new role at the global trade credit player.
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- May 25 2021
Aviva Singlife poaches DBS veteran as CEO
Pearlyn Phau joins the Singapore life player as executive director and group chief executive.
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- May 25 2021
Shenzhen skyscraper wobble puts focus on construction liability
Professional indemnity insurance would likely be the focus of any claim.
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- May 24 2021
Nepal’s IB receives five applications for reinsurance licence–report
The Insurance Board requires applicants to have paid-up capital of around US$85m.
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- May 24 2021
China’s non-life underwriting margins to remain depressed in 2021: Fitch
Motor insurance reforms caused GWP to drop 30% on renewals despite increase of new vehicle sales.
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- May 24 2021
Peak Re to keep Asia focus amid global expansion
CEO Franz Josef Hahn tells IAN “Asia will always be our home" as other markets near 40% of GWP.
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- May 21 2021
Howden expands HX analytics platform into Asia
The Singapore-based operation is led by former Marsh executive Edward Howland Jackson.
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- May 21 2021
Japan’s ‘Big Three’ P&C players ride out Covid storm
MS&AD, Sompo and Tokio Marine benefitted from fewer domestic nat cat and motor claims.
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- May 21 2021
Thailand non-life premiums up 3.5% despite economic slowdown
AM Best report shows health insurance premiums jumped 44% in 2020.
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- May 20 2021
Aon/WTW: Taiwan’s antitrust authority gives the green light
The Fair Trade Commission says the mega broking deal would “not significantly restrict competition".
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- May 20 2021
ICA review identifies multiple issues with affordable commercial cover
Australia's SMEs need more help for public liability, PI, D&O and business interruption cover.
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- May 20 2021
Ed Asia poaches director from Howden for developing markets
Elia Rahmita Price will focus on Indonesia, Thailand and Vietnam.
