Country: Asia Pacific Page 4 / 500
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- February 26 2025
Markel continues marine expansion with Singapore hull, war lead hire
Galvin Hu, who will report to head of Singapore Wanshi Lin, will be responsible for spearheading the specialty carrier's underwriting strategy in APAC.
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- February 26 2025
‘Untainted appetite’, capacity remains for aviation programs despite high-profile losses
Aviation (re)insurance sector remains a buyer’s market, although uncertainty remains following high-profile losses in the US and South Korea.
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- February 25 2025
Steadfast’s H1 FY25 revenue grows 11.5% to US$561m
Australian broking and underwriting group is on target to complete US$191m of trapped capital acquisitions in FY25.
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- February 25 2025
Steadfast’s Nick Cook named new president of Australia’s brokers association
Gary Okely will remain on the NIBA board as a director after his term as president came to an end.
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- February 25 2025
AUB’s profits grow 13% to US$50m in H1 FY25
Revenues across the broker's businesses grew 12.1% to US$454m, with the full-year earnings forecast reaffirmed between US$121-127m.
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- February 25 2025
Gallagher promotes Australia, Asia chief Sarah Lyons to global specialty CEO role
She will take over the London-based role from current CEO Jonathan Turner, who is leaving the business.
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- February 25 2025
Australia’s insurers ‘still have more to do’ after 2022 floods despite ‘significant progress’
Insurance Council of Australia report highlights the progress made in response to seven recommendations put to the industry after Australia's most costly extreme weather event.
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- February 25 2025
HDI Global welcomes new head of distribution for NSW, ACT
Brandt Connor takes up the newly created role having spent almost eight years with Allianz, most recently as national relationship manager.
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- February 25 2025
Drive for data to plug flood modelling holes continues as risks rise for Asia
Region is most at risk from substantial rainfall changes, according to new research, but for many areas, detailed data is still not accessible.
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- February 24 2025
Sompo reshuffles APAC commercial lines team in Singapore, Hong Kong
Kelly Koh, Victoria Soo and Szeto Ophelia will be 'instrumental in driving their respective lines of business across the region', according to the carrier.
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- February 24 2025
Nepal’s Himalayan Re to generate ‘positive’ FY24 underwriting margins: AM Best
Rating agency affirms financial strength rating of B+ (Good) and a long-term issuer credit rating of bbb- (Good), with a stable outlook.
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- February 24 2025
Exclusive: Axa XL names Alok Shukla as India reinsurance branch CEO
Shukla will join from Munich Re on April 1, with ex-CEO Joseph Augustine supporting the transition as senior advisor until the end of March.
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- February 24 2025
Munich Re names Hanh Nguyen head of treaty P&C underwriting for Southeast Asia, India
Nguyen has been deputy head since July, and will succeed Joachim Zagrosek on March 1.
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- February 24 2025
Australia’s higher premiums may stifle new policy growth, lead to underinsurance: S&P Global
Insurance is already very costly in Australia's high-risk areas, and premiums are unlikely to fall anytime soon, S&P Global Ratings said in a report.
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- February 24 2025
WTW hands Joule-Tobias Howard new role as lead fac broker in Asia
He has been with the broker for almost eight and a half years, and was most recently head of pacific property for Asia.
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- February 24 2025
Auto-fac market ‘not yet at scale for treaty purchase’, but ‘not dumping ground for bad risks’
Facility is emerging as a vital instrument to place risks that do not fit into existing treaties, Gallagher Re, Markel and Swiss Re say.
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- February 24 2025
Evergreen Partners takes minority stake in New Zealand’s Delta International
Amy Ellis, director at Auckland-based private equity firm Evergreen Partners, will also join the MGA's board in a non-executive capacity.
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- February 23 2025
AUB Group enters into equity partnership with New Zealand’s OFS Insurance Brokers
'Strategic acquisition aligns with AUB’s commitment to expanding its footprint in New Zealand', AUB said in a LinkedIn update.
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- February 21 2025
Hyundai Insurance’s FY24 underwriting income slumps 22% to US$245m
Commercial business' underwriting income more than doubles, while long-term lines grow by 247.6%.
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- February 21 2025
DB Insurance underwriting profit up 4.5% to US$1.1bn
Underwriting profit went up only because of the commercial line performance that saw a US$71m profit compared with US$85m loss last year.
