Country: Asia Pacific Page 55 / 510
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- September 10 2024
WTW launches dedicated tech industry practice for ANZ to boost specialty services
As part of its corporate risk & broking business in Australia and New Zealand, it has appointed cyber and tech risk specialist Ben Di Marco as division head.
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- September 10 2024
Crawford Australia promotes Matt Donnelly to head of specialty loss adjusting
In his new role, Donnelly will expand his remit to lead the entire specialty loss adjusting portfolio and report to Australia president Jonathan Hubbard.
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- September 10 2024
Steadfast refutes ABC’s allegations of kickbacks, misleading customers
The Australian broker said that it is "disappointed that important information has been selectively presented” in a recent media report about its practices in strata insurance.
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- September 9 2024
Government and private sector need faster progress on climate change: ICNZ
The council urges more coordinated efforts on addressing climate change as Auckland floods and Cyclone Gabrielle's US$8.9bn infrastructure damage underlines their impact on lives and property.
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- September 9 2024
Tower decides against stake sale after strategic review
The Bain-backed Kiwi insurer will not see any changes in its ownership structure as discussions with potential partners did not proceed to any formal proposal stage.
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- September 9 2024
Multi-peril risks fuel demand for cat coverage: Hannover Re
The reinsure anticipates prices and conditions to remain stable for the January 1, 2025, treaty renewals with supply and demand in most markets remaining balanced.
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- September 9 2024
Zurich names new APAC financial lines and casualty heads in two senior appointments
The insurer has appointed Robin Cooper-Driver as head of financial lines and Edward Rayfield, who joins from AIG, as head of casualty for the region.
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- September 9 2024
ACCC chair calls for strata commission ban as media report alleges Steadfast misled clients via opaque schemes
The broker's shares on the ASX entered a trading halt pending it releasing an announcement following the allegations by ABC in its investigative report.
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- September 9 2024
Sherly Oktavia joins Oneglobal as divisional director for Asia reinsurance
Oktavia, who was most recently general manager at Tugu Insurance in Hong Kong, will relocate to Singapore for her new role.
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- September 9 2024
Axa XL Hong Kong names Chloe Wang as underwriter for international financial lines
Wang has worked for Berkley Insurance Asia and Hawkes Bay Underwriting in Hong Kong before joining the specialty (re)insurer.
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- September 9 2024
RVS Monte Carlo: Reinsurers and primary markets continue to have ‘attachment issues’
As Asian cedents, especially loss-hit players, are pushing for lower attachment points, reinsurers resist, determined to defend their hard-earned gains, note S&P Ratings analysts.
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- September 9 2024
HKIA to prioritise RBC review and re-domiciliation regime, says chairman
The Hong Kong Insurance Authority is aiming to attract insurers and brokers to place larger business volumes in Hong Kong, as it seeks to attract more overseas insurance groups to relocate their headquarters to the city, says chair Stephen Yiu.
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- September 9 2024
DB Insurance to benefit from strong internal capital generation: AM Best
The rating agency has affirmed the Korean non-life insurer's “A+” (superior) financial strength rating and "stable" outlook.
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- September 6 2024
Typhoon Yagi wreaks havoc in Vietnam, China losses top US$100m
The storm has been downgraded to a tropical depression but the Vietnamese meteorological bureau has cautioned about ongoing risks of landslides and flooding as it continued to move westwards.
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- September 6 2024
Extension of cyclone pool coverage period to 7 days would increase average annual loss by 5%: ARPC
The Australian cyclone pool will need to collect additional premiums through rate increases to cover the increased claims costs if such a change was made, the pool's administrator said.
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- September 6 2024
Cathay Century’s capitalisation to benefit from retained earnings growth: AM Best
AM Best affirms the financial strength rating of "A" (Excellent) and the long-term issuer credit rating of “a” (Excellent) on Taiwan's second-largest non-life insurer with a stable outlook.
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- September 6 2024
APAC construction market to see rating pressure as capacity, competition ramps up: WTW
While premiums have been stable in the first half of 2024, Australia and Asia markets are seeing renewed interest from overseas insurers and new entrants.
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- September 6 2024
Everest promotes Maureen Ung to Asia commercial director
Singapore-based Ung has been head of claims for the region since she joined the carrier in June 2024.
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- September 6 2024
Public-private partnership key to closing cyber protection gap: Zurich and Marsh McLennan
As the global cost of cybercrime is projected to nearly triple to US$24 trillion by 2027, the public and insurance sectors must enhance their collaboration, the two firms said in a jointly launched white paper.
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- September 6 2024
APAC reinsurance composite’s 2023 COR improves to 91.6%: AM Best
Regional reinsurers saw revenue rise 8.8%, with much of the growth fuelled by China Re and its subsidiary Chaucer.
