Country: Asia Pacific Page 42 / 529
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- January 22 2025
Exclusive: Axa XL Asia set for leadership change as Gilles Fromageot joins international markets team
Fromageot will head Morocco and the CIMA region for the insurer and will be based in Morocco, InsuranceAsia News (IAN) understands.
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- January 22 2025
Australia twin event losses to remain below major cat level, adjuster says
Carriers received 5,400+ claims from severe weather events on the east coast, while Cyclone Sean caused record rains and port disruptions in Western Australia.
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- January 22 2025
Price Forbes Singapore adds energy specialism with senior Aon hire
Ardonagh Group-owned specialty broker appoints Alex Davies as director of power, downstream and renewables.
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- January 21 2025
Crawford Australia expands large, complex claims offering with new hire
Simon Davies joins from rival McLarens, and will assume the role of executive adjuster.
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- January 21 2025
TSMC assessing impact of 6.4-magnitude Taiwan earthquake
World's largest chipmaker says workers were evacuated after the quake, but all affected sites are gradually resuming production.
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- January 21 2025
East, South-East Asia record 72 piracy incidents in 2024, with 43 in Singapore Strait
11 large vessels targeted in the strait were over 100,000 deadweight tonnage, according to a report from the International Maritime Bureau.
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- January 21 2025
Peeravut Sukho returns to MSIG Thailand as senior vice president for business development
Bangkok-based Sukho will lead the carrier's business development team for broker and bancassurance partners, direct, affinity and digital distribution channels.
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- January 21 2025
With US$100bn losses now the norm, rising attachment points create new dynamic for cat programs
Scale of nat cat losses needed to turn the market continues to rise as structural changes in reinsurance programs bed in across Asia Pacific.
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- January 21 2025
Exclusive: Ex-Aon India transaction liability leadership heads to rival Lockton
Anand Kaul will assume the role of managing director for transactional lines in India, with Neelam Singh Koyande and Kulvir Sing also set to join the Mumbai-based team, IAN understands.
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- January 20 2025
South Korea braces for Trump tariffs with US$69bn trade insurance support: report
K-Sure will provide trade cover for SMEs, offering lower interest rates and expanded guarantee limits, according to a report in The Korea Herald.
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- January 20 2025
Korean insurers to cut motor premiums despite worsening loss ratios: report
In the fourth consecutive year of rate reductions, major non-life insurance companies will reduce premiums by an average of 0.5-1% this year.
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- January 20 2025
ARPC declares cyclone event as Cyclone Sean strengthens to category 4
Windstorm, which shut down ports in the country's iron ore exporting hub over the weekend, is expected to move away and drop below cyclone intensity by Thursday.
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- January 20 2025
Swiss Re CorSo bets on international programs, ART to differentiate: Ivan Gonzalez
CEO says insurer plans to increase premiums from the two businesses to more than 25% of its GWP in three years from 19%.
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- January 20 2025
Aon appoints Mufei Lo as Asia head of marine claims advocacy
Singapore-based Lo has over 20 years of experience in international marine, transport, and cargo insurance across Europe and Asia.
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- January 19 2025
Update: Eastern Australia battered by deadly storms, tennis ball-sized hail
A tropical cyclone has formed off Australia’s western coast, as eastern states deal with the fallout from damaging storms and continuing rain.
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- January 17 2025
AIG appoints Chubb’s Fery Hakim as Indonesia CEO
Hakim spent almost 11 years at Chubb, most recently as head of broker, bancassurance and multi-finance.
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- January 17 2025
Vietnam’s PTI to benefit from remedial measures, portfolio revamp: AM Best
The rating agency has affirmed rating of B++ (good) and upgraded the carrier´s outlook from negative to stable reflecting its strong balance sheet.
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- January 17 2025
India’s non-life segment set for robust growth: AM Best
Despite underwriting losses, the industry posted double-digit premium growth in FY2024, the global rating agency says.
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- January 17 2025
Liquidation on the cards as MG Non-Life sale hits union roadblock
Korea Deposit Insurance Corporation says preferred bidder Meritz Fire & Marine has been unable to conduct due diligence due to labour union opposition.
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- January 17 2025
Marsh Asia rejigs renewable energy team in Singapore
Martin Beck has been elevated to energy transition leader, with Robert Jones taking up the new role of renewable energy leader.
