Country: Asia Pacific Page 47 / 515
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- October 29 2024
Linda Sim succeeds Lee Huang Ng as Aon Singapore head of claims, commercial risk
Lim will report to Ng, who will relinquish her role of head of claims effective November 1.
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- October 28 2024
Marsh appoints Shahrezal Wan as placement manager
Singapore-based Wan was previously vice president, senior client underwriter with Swiss Re.
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- October 28 2024
Tokio Marine Kiln taps Starr’s Alexandros Ampatzis as head of marine, APAC
Ampatzis will primarily focus on deepening the carrier's presence in target markets across the region and continuing the team’s rapid growth, reporting to TMK’s regional underwriting director Jamie Tang.
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- October 28 2024
Insurers cover 99% of eligible under cyclone pool scheme: ARPC
The annual in-force cyclone pool premiums were approximately US$343m for home policies, US$34m for strata and US$16m for SME policies.
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- October 28 2024
Lockton expands in India with Arihant acquisition
The acquisition by the global broker that entered the Indian market earlier this year has received regulatory approval.
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- October 28 2024
AI and quantum computing risks call for comprehensive frameworks in APAC
Experts at the APAC Cyber Risk & Insurance Summit 2024 by InsuranceAsia News discussed the complex cybersecurity landscape, key risks, and strategies to manage evolving threats.
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- October 28 2024
NZ’s Maritime Mutual clarifies its coverage of dark-fleet tanker involved in fire ceases on violation of sanctions
The Lloyd's backed P&I club that is believed to be the insurer to tanker that caught fire off Malaysian coast in July, said in a statement said that no payment is made to any party to a claim it would breach international sanctions.
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- October 27 2024
Allianz Singapore likely to achieve earnings breakeven in 3-5 years: S&P
The Singapore government blocking its Income acquisition will have no implication on its rating, the rating agency said affirming the insurer's A+ financial strength rating with a stable outlook.
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- October 25 2024
Dali owner, operator reach US$100m settlement over Baltimore bridge collapse
Singapore-based Grace Ocean and Synergy Marine, the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in the US earlier this year, have agreed to pay the amount to the US federal government.
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- October 25 2024
Exclusive: Aon bolsters India treaty team with ICICI Lombard hire
Vidisha Singhal joins the broker as head of account management and will lead the team to support placements for property, agriculture and life and health clients.
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- October 25 2024
Dual Australia promotes Daniel Brown to head financial lines team
Sydney-based Brown was most recently New South Wales manager for the Howden-owned MGA.
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- October 25 2024
Taiping Singapore could see volatile underwriting, investment results impact earnings: AM Best
AM Best has affirmed an insurer rating of A (excellent) with a stable outlook for the company, primarily driven by a strong balance sheet.
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- October 25 2024
Opinion: Are we finally transitioning to a new era for energy risks?
It’s important to mind the downsides when we think of the hard choices that need to be made on the road to net-zero.
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- October 25 2024
Pacific rates drop 6% in Q3 driven by declines in finpro, cyber and property lines: Marsh
Finpro premiums was down 14%, while cyber cover saw a 11% disclose and property declined 6% as increased competition and capacity weighed on ratings.
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- October 24 2024
IAG on track to deliver FY 2025 guidance: CEO
The Australian carrier has guided an insurance margin of 13.5-15.5%, and GWP growth of ‘mid-to-high single digit' in the current financial year.
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- October 24 2024
Asia insurance rates drop 4% in Q3 led by finpro and cyber lines: Marsh
Finpro lines have seen decreases up to 30% in some cases as continued lack of activity in the capital markets limited insurers' opportunities for new business, according to the latest Global Insurance Market Index by the broker.
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- October 24 2024
Lloyd’s launches disaster risk facility for Pacific island nations
The vehicle, developed with Aon and the UN, aims to be replicated throughout the Pacific region as well as Asia, the Caribbean and Africa.
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- October 24 2024
China launches new insurance scheme to support cross-border commerce: report
Insurance companies can offer tariff guarantees for cross-border businesses, eliminating the need for them to use physical collateral or pay large tariff deposits to banks.
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- October 24 2024
QBE partners Eos Rhea Metis to offer risk engineering services in greater China, South-East Asia
The partnership with the Taiwanese risk manager will support engineering and property underwriting, enhanced risk assessment processes and wider market access.
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- October 24 2024
Howden names Wendy Wong as executive director for Workplace Unity in Hong Kong
Wong will focus on developing healthcare services for injured employees in employees’ compensation cases, aiming to reduce sick leave periods and claim costs.
