Country: Asia Pacific Page 310 / 491
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- March 5 2020
Mitsui Sumitomo and Max Life share swap back on
The transaction involving the parent company of the Indian player was called off last November.
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- March 5 2020
India’s Softbank-backed Paytm secures broking license
The intermediary arm will distribute motor, health and life policies.
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- March 4 2020
Covid-19 rattles supply chains and reveals BI shortfall
'Just in time' supply and lack of diversification bring greater risks which aren't necessarily well covered.
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- March 4 2020
Mitsui Sumitomo sponsors US$75m Singapore cat bond
MS&AD subsidiary is looking to protect typhoon and wind risk under the name Akibare Re.
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- March 4 2020
Ex-Viriyah exec Benraheem to lead Generali GC&C in Thailand
The country is a key market for the Italian giant led in the region by Rob Leonardi.
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- March 4 2020
Australia’s January hailstorm losses jump 26% to US$528m
There have been 87,500 claims filed of which 60,000 related to motor vehicle damage.
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- March 3 2020
Canopius’ Mark Newman on marine, growth and talent
The specialist player is seeing rate increases, greater demand and more regional expertise.
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- March 3 2020
Timaru hailstorm was NZ’s third costliest nat cat in 100 years
The November storm will cost insurers over US$50m in a nat cat heavy Q4.
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- March 3 2020
Consumer group lobbies against PE bids for Prudential Life Korea
MBK Partners, Hahn & Company and IMM Private Equity are in the running to acquire Prudential.
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- March 2 2020
Munich Re’s chairman bullish as Japan renewals to rise
The German giant had a positive financial result for 2019 despite some major losses.
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- March 2 2020
1,500 workers engaged in improper sales at Japan Post
The company is undergoing an internal review and investigation at a cost of US$32m.
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- March 2 2020
MS&AD confirms Hara’s top role and more senior appointments
The appointments will be given a seal of approval in June at the group's shareholders meeting.
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- February 28 2020
Time for Pru to leave home?
Hedge fund manager Dan Loeb is pushing for a move to Asia.
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- February 28 2020
Covid-19 could trigger World Bank pandemic bond payout
The likely US$132m sum could help prove merits of parametric structures.
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- February 28 2020
ACR’s underwriters depart
The move had been expected since the sale to run-off player Catalina last year.
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- February 27 2020
Steadfast’s Kelly sees rising premiums for next two years
The Australian broking group had a strong first half to the fiscal year and was bolstered by acquisitions.
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- February 27 2020
RiverStone confirms re transfer from Aioi Nissay Dowa
Reinsurance arm from the UK branch of the Japanese firm will go into run-off.
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- February 27 2020
Youi to back Blue Zebra after Zurich’s withdrawal
The move will see Youi develop its offering in the Australian SME space.
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- February 26 2020
Covering China’s renewable energy surge
China's ambitious targets mean increased (re)insurance demand but heightened complexity.
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- February 26 2020
Australia braces for claims from 2020’s fourth cyclone
The storm comes as several insurers are close to breaching their nat cat limits for the financial year.
