Country: Asia Pacific Page 49 / 570
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- June 9 2025
Sucheng Chang to take over from Christian Stobbs as Markel International’s Asia Pacific MD
Chang, who was previously Hong Kong CEO for the broker, will lead the specialty carrier's regional operation and will be responsible for leading the strategic direction of the business.
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- June 9 2025
Kiwi insurer Tower strengthens tie-up with key external loss adjusting partner Sedgwick
Chief claims officer Steve Wilson says the partnership will provide Tower with additional support from Sedgwick’s loss adjusters across New Zealand and the Pacific.
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- June 9 2025
Former CCB manager faces bribery charge in Hong Kong over US$470,000 from Vesttoo employee
The new charge by the Independent Commission Against Corruption alleges that the relationship manager at China Construction Bank accepted cryptocurrency Tether from the insurtech employee, a middleman, and others in exchange for authenticating false letters of credit and collateral letters.
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- June 9 2025
Chubb hands James Brown expanded role as head of major accounts for Asia
Singapore-based Brown will focus on driving business direction of the division, while remining in his current position as global broking head in the region.
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- June 9 2025
Japan’s Mitsui Sumitomo Insurance domestic operations performance to remain stable: AM Best
The rating agency has affirmed financial strength rating of A+ (Superior) and long-term issuer credit rating of “aa” (Superior) to MSI.
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- June 9 2025
Putting Markel on the map: International president Andrew McMellin eyes US$500m APAC premiums written by 2030
Specialty insurer also targets US$5bn of premiums across its international markets, while trying to get a 50/50 balance between London and non-London books of businesses.
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- June 9 2025
Manulife unit to re-domicile to Hong Kong from Bermuda in November
Second insurer after Axa to shift its base under Hong Kong's new company re-domiciliation regime.
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- June 9 2025
Miller expands in Korea as Marsh’s Justin Roh takes on senior vice president role
Seoul-based Roh brings over two decades of marine insurance and legal expertise to support Miller’s Asia expansion strategy.
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- June 9 2025
Aon Singapore names Tisha Soh as head of client services, health solutions
For the last 11 years, Soh has been focused on employee health benefits, having worked at Great Eastern, WTW and Cigna Healthcare.
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- June 9 2025
New Zealand’s Natural Hazards Commission secures US$6.3bn in reinsurance cover
The cover, renewed on June 1, includes NZ$225 million from a multi-year catastrophe bond issued in 2023.
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- June 6 2025
BP Marsh folds Australian construction specialist MGA Sterling into ATC
UK PE firm BP Marsh will hold 27% of the combined entity following the transaction.
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- June 6 2025
WTW appoints Amarpal Singh as cyber leader in India
Delhi-based Singh has also been named as north leader within the financial and executive risks (finex) division at Willis.
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- June 6 2025
OCBC offers US$700m for remaining stake in Great Eastern, carrier’s shareholders to vote
Bank offers Singaporean carrier SG$30.15 per share, potentially increasing its value to US$11bn, to support its proposal to seek a delisting of shares.
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- June 6 2025
Chubb promotes Doug White to senior vice president, Asia Pacific
Hong Kong-based White will focus on strategic projects, provide mentorship to the P&C team, and contribute to the carrier's country boards across the region.
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- June 6 2025
Tokio Marine at ‘tipping point’ as it prepares to turn the page on its ambitious transformation plan
CEO Satoru Komiya says the group is eyeing growth from its domestic P&C business via a Japanese-style specialty insurance with low and stable CORs, mainly in the SME market.
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- June 5 2025
RGA concludes block reinsurance policies for Tokio Marine’s life arm
Reinsurance of whole life policies with Anshin Life follows a US$700m reinsurance block transaction completed in 2024.
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- June 5 2025
Australian insurers faced with US$1.9bn bill after triple whammy: JBA
February's north Queensland floods, ex-Tropical Cyclone Alfred, and the ongoing Mid North Coast and Hunter Regions floods in New South Wales have caused widespread damage.
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- June 5 2025
Resolution Life closes US$1bn Hong Kong block reinsurance deal
The first deal for the reinsurer in Hong Kong covers an in-force portfolio of participating whole life and annuity policies.
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- June 5 2025
QBE appoints Sebastian Tjornelund as interim head of marine for Asia
Tjornelund succeeds Rama Chandran, who is leaving to head specialty MGA Rokstone's new office in Singapore.
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- June 5 2025
US port fees present ‘significant challenges’, says Skuld, as owners, charterers eye calm waters
China service fees are generating confusion in the maritime industry, particularly regarding the definition of vessel operators and the responsibilities of various parties involved in charter agreements, according to the P&I club.
