Country: Asia Pacific Page 320 / 490
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- December 11 2019
CEO to step down from New Zealand’s Tower
Richard Harding will return to Australia in the new year.
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- December 10 2019
New Zealand’s market hit by volcano, landslide and floods
A large volume of claims are expected over the next few weeks and months.
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- December 10 2019
AUB’s planned acquisition of Coverforce falls apart
The broker was unable to access key documents to finalise a deal valued up to US$136m.
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- December 9 2019
Axa XL’s Asia team hires Stephen Nguyen from Aon
The former broker will serve as client management leader for Asia.
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- December 9 2019
Sedgwick promotes Tang after HK CEO departure
IAN understands that Pierreddy Wong will join a rival adjuster.
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- December 9 2019
Philippines seeks US$20bn cover for P&C exposure
The country is looking to reinsure typhoons, floods and earthquakes.
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- December 9 2019
China approves 51% stakes in life JVs
The announcement speeds up the opening of the market.
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- December 6 2019
Singapore brings Lloyd’s onshore
The change is a reason to stay in the Lion City, but won't effect reinsurance.
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- December 6 2019
Nat cats batter Australia’s underwriting profits
The market saw a 53.4% decline from the same period in 2018, and there are ongoing bushfires.
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- December 6 2019
Lucia Sun joins Generali as Asia head of claims
Sun has switched to the Italian major from Zurich.
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- December 6 2019
Japan’s life players can expect strong, stable 2020: Moody’s
The verdict comes despite ultra low interest rates.
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- December 5 2019
ACR to stop writing business as Catalina deal agreed
Asia Capital Re won't take on any more business and will enter into run-off.
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- December 5 2019
China insurtech secures US$28m from Hillhouse
Private equity deal in Lima Insurance Cloud follows its increased investment in Hong Kong's Blue.
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- December 5 2019
Malaysia’s market under transformation: Malaysian Re
Motor detariffication will let the market become better capitalised and more competitive.
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- December 4 2019
Hong Kong’s market robust in first nine months
Insurers in the Special Administrative Region saw a 883% upward profit swing for P&C business.
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- December 4 2019
Typhoon Kammuri lashes Philippines
20th typhoon of the year likely to cause business interruption and storm damage claims.
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- December 3 2019
HKFI advocates two-year IFRS 17 delay
The association wants to avoid "all the possible downsides'" of being a first mover.
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- December 3 2019
Honan and MP Insurance Brokers launch Malaysia JV
The combination is aiming to upscale and upskill services.
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- December 3 2019
IAG won’t seek legal reimbursements from 2011 floods
Court rules Queensland government and dam operators negligent in flood management.
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- December 2 2019
Axis’ Les Loh on rates, capacity and renewals
The APAC president argues market conditions are unsustainable, but is optimistic.
