Country: Asia Pacific Page 297 / 516
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- January 13 2021
Former Tower CEO joins Australian state insurer icare
Richard Harding acknowledges need to restore public confidence at the embattled firm.
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- January 13 2021
APAC accounted for 11% of 2020 global nat cat losses: Aon
Storm landfalls in less exposed areas of Japan, South Korea and the Philippines kept impacts low.
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- January 13 2021
Chubb’s Doug White retakes role as HK, Macau president
IAN understands that Stanley Wong is set to join Huatai China JV operation.
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- January 13 2021
Insurtech Concirrus hires marine duo for Asia push
The data and tech firm is looking to capitalise on a hardening market.
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- January 12 2021
Malaysia flood losses could rise to US$10m
In-country loss adjuster tells IAN few large commercial claims are expected.
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- January 12 2021
Sriwijaya Air crash hints at 2021 aviation risks
Resuming service after Covid-19 puts spotlight on aircraft maintenance during the pandemic.
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- January 11 2021
QBE ups 2021 nat cat allowance to US$685m from US$550m
Insurer says reinsurance terms came in better than it had budgeted for.
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- January 11 2021
MSIG Hong Kong hires new marine manager
Cindy Pang previously held cargo and BD roles with Marsh and Tokio Marine.
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- January 11 2021
Zhejiang Geely takes 33% stake in Union P&C
Chinese automaker investment comes amid motor insurance reforms.
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- January 11 2021
Insurtech bulls to run despite GoBear collapse
Last week’s bad news won't stop investment appetite staying strong.
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- January 8 2021
China’s P&C insurers crash to US$1.2bn underwriting loss: report
Investment returns allowed sector to achieve an overall profit of Rmb5bn.
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- January 8 2021
Asia’s 2020 nat cat losses highlight lack of cover: Munich Re
Only US$3bn out of US$67bn total losses were covered.
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- January 8 2021
Jack Ma debacle a cautionary tale for insurers
The saga surrounding the Alibaba founder highlights regulators' struggle with innovation.
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- January 7 2021
Typhoon Mangkhut analysis highlights HK’s risk exposure
The Special Administrative Region has been ranked as having the highest natural disaster risk in Asia.
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- January 7 2021
‘Black Summer’ bushfires to cost Aussie market US$1.45bn
Catastrophe data provider Perils provides final P&C loss estimate.
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- January 7 2021
Malaysia M&A set for renewed activity in 2021
A backlog of P&C and life deals to drive the marketplace this year.
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- January 6 2021
WTW appoints Australasia head of financial lines
Former Marsh executive Lee Garvey is set to relocate from Singapore to Australia.
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- January 6 2021
Singapore insurtech GoBear shutters doors
An inability to raise new funds amid Covid-19 cited as the reason for the closure.
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- January 6 2021
IAG keeps 2021 reinsurance cat cover at US$7.8bn
P&C giant reveals that BI claims provisions to be included in expenses.
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- January 6 2021
Asia’s offshore wind rush creates reinsurance challenge
A lack of historical loss data creates hurdles for underwriters.
