Country: Asia Pacific Page 6 / 15
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- August 20 2024
Renewables fuel Munich Re Specialty Asia syndicate’s regional diversification strategy
Following the rebranding of all primary specialty insurance entities under one brand, Munich Re's APAC underwriting hub in Singapore is diversifying away from its traditional focus on marine and energy and also expanding into cyber, political risks, financial lines.
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- August 16 2024
McGill and Partners expands Asia Pacific facultative team with two appointments
The broker has hired Sydney-based Brad Racker from Vero and named Rebecca Zacharow in London as associates in the regional fac team.
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- August 15 2024
‘Impact insurers’ run into capacity, distribution hurdles in Asia
Public partnerships, people-centric design and tech solutions are needed for parametrics to be a part of the region’s relief capital mix and to close the protection gap.
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- August 14 2024
Canopius CEO highlights strong pipeline for APAC H2 growth
With a new regional CEO in place, the carrier is optimistic about growth prospects for the remainder of the year.
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- August 13 2024
HDI Global raises bet on APAC with specialty, renewable push
The carrier has dialled up its political and credit risks capabilities in Singapore and is eyeing energy transition in ANZ, say APAC head Stefan Feldmann, and Alex Tarantino, MD for Singapore.
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- August 12 2024
Guy Carpenter names Justin Ward as managing director-head of capital advisory, APAC
Singapore-based Ward takes over the role from Blake Dimitrijevic who will join Hannover Re Australia as managing director.
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- August 8 2024
Zurich APAC H1 premiums up 9%, COR climbs marginally to 93.7%
Top line increase driven by strong retail growth, however, rising commission costs from a recovery in travel business in the region hurts bottom line.
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- August 8 2024
Asia’s buyer-friendly market to stay as pricing remains flat in Q2: Aon
US-related and nat cat-exposed property risks remained challenging across most markets in the region, although Hong Kong and China stood out with modest price reductions, the broker said in its Q2 market insights report.
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- August 8 2024
Tax breaches main driver of APAC M&A insurance losses in 2023: Marsh
While tax accounted for 32% of all W&I claim notifications in the region last year, other categories such as compliance (15%), employment (15%), and material contracts (23%) are also becoming more frequent.
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- August 5 2024
Price Forbes Singapore appoints Honan CEO as chief broking officer
Coates will be responsible for developing Price Forbes' broking strategy and driving business growth across Asia Pacific.
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- August 5 2024
Markel strengthens APAC team with four hires in Hong Kong and Singapore
Jenny Choi and Anna Tan join the carrier in Hong Kong as senior underwriters for casualty and fine art & specie, respectively, and Olga Wong and Isabelle Wong have been hired as senior underwriter for professional financial risk and cargo underwriter in Singapore, respectively.
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- August 5 2024
Markel takes Liberty Specialty’s Alvernia Xu as APAC head of operations
Singapore-based Xu will be in charge of the carrier's operational infrastructure reporting to APAC MD Christian Stobbs.
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- August 2 2024
Lockton promotes Chris Brown to CEO of Lockton International
In his new role, London-based Brown will drive Lockton's strategy and growth across Europe, Latin America, Asia, Pacific (Australia & New Zealand), Middle East and North Africa.
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- August 2 2024
Delta Underwriting promotes Sharna Garbett to senior claims handler
Garbett will lead the MGA's claims function in Singapore with Daniel Khoo supporting her on claims administration.
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- July 31 2024
APAC and Africa account for 33% of US$120bn global nat cat losses: Munich Re
The costliest natural disaster in the first half of the year is the Noto earthquake in Japan that amounted to an estimated US$10bn in losses.
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- July 31 2024
Samsung Re appoints Nitin Talwalkar as chief executive to steer regional expansion
With his appointment, the Singapore reinsurance arm of Korean insurer Samsung Fire & Marine is targeting expansion of its offerings across Asia Pacific.
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- July 30 2024
APAC renewables market to see tighter capacity, new tech and cat risks coverages: WTW
At the same time, the ongoing competition with new market entrants and potential for a La Niña year keep rates steady and parametric solutions are becoming more popular despite integration challenges.
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- July 29 2024
Beazley promotes claims lead Jessica Schappell as head of Asia Pacific
Schappell takes over from Lucien Mounier, who has recently been appointed the insurer's head of Europe, cyber risks.
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- July 29 2024
AIG lands BHSI’s Dimitry Zilberud as APAC head of marine
Sydney-based Zilberud was most recently senior vice president, head of marine – retail, US and Australasia, at Berkshire Hathaway Specialty Insurance.
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- July 29 2024
Space insurance struggles amid billion-dollar+ claims, scarce premium pool
While the market has seen a doubling of rates recently, shrinking underwriting capacity and technology changes add further challenges to the industry reeling from recent large losses.
