Country: Asia Pacific Page 6 / 9
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- March 19 2024
Hannover Re’s APAC FY 2023 revenue stays flat at US$2.25bn
While it has scaled back its business in select markets such as China, certain South-East Asian markets and South Korea to increase the profitability of its portfolio, it has grown its revenues in markets like India and Australia.
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- March 15 2024
Gallagher Re promotes Sie Liang Lau to head APAC cyber team
In the newly created role Sie will oversee reinsurance broking covering APAC.
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- March 14 2024
Tokio Marine sets decarbonisation goal for 60 emission-heavy companies
Companies that fail to set up decarbonisation plans by 2030 will be cut off from its insurance underwriting, investment and financing, the Japanese insurance group said.
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- March 13 2024
Asian W&I market gears up for a deal rebound but soft market persists
Though valuation mismatches remain a hurdle to a full recovery in M&A activity, underwriters in the region believe that rates may have bottomed out and there will soon be a normalisation in pricing.
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- March 12 2024
Canopius 2023 net profit soars on improved Australia business, fewer cat events
The global specialty and P&C (re)insurer said fewer major cat events in Asia Pacific led to a 2.5% year-on-year drop in insurance service expenses in FY 2023.
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- March 12 2024
Scor restructures P&C, life & health with regional heads
Under the restructuring, Mukul Kishore will head the reinsurer's P&C business for Asia Pacific, while Chloe Wang and Dion Russell will head up life & health markets.
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- March 12 2024
Asia Pacific market increasingly bifurcated in Q4 2023: Aon
While nat cat exposed areas were hardening, financial Lines and mid-market property programs retained in domestic insurance markets were soft.
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- March 11 2024
Singapore expected to ease capital treatment for green infrastructure investing
An upcoming consultation by the MAS will likely propose a framework to allow insurers to invest in sustainable projects at more favourable risk charges, putting Singapore in line with other markets, says WTW.
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- March 7 2024
Japan, Thailand, China set to defy Asia’s P&C premium growth slowdown: S&P
Property & casualty gross premium growth in the region is cooling but will likely stay above 4% through 2025, according to S&P, while CORs are seen stablising from Covid-19 impact seen in previous years.
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- March 6 2024
Kay International AMEA establishes Singapore hub for South-East Asia expansion
The Dubai-based reinsurance broker has appointed Ho Wing Hoong as regional chief executive and director to lead the regional subsidiary.
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- March 6 2024
Howden Tiger takes QBE chief actuary Karl Marshall as APAC head of advisory and analytics
Sydney-based Marshall will lead cat and actuarial analytics build-out and strategy across the region and advise on reinsurance and capital solutions.
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- March 4 2024
Charles Taylor expands APAC aviation team with two senior hires
Singapore-based Bob Battoo returns to Charles Taylor as managing director to lead aviation risk and claims team for the insurance and leasing markets; Dennis San Jose joins to launch aviation asset management service in the region.
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- March 4 2024
Hong Kong Federation of Insurers commits to carbon neutrality by 2050 with climate charter
With 33 inaugural signatories, the climate charter introduces actionable goals across claims management, underwriting, societal engagement, investments, governance and disclosure.
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- March 1 2024
AIG strengthens APAC multinational programs offering with new leader
Singapore-based Jenny Boyd has been promoted to the role of head of multinational for Asia Pacific.
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- March 1 2024
Opinion: How long will it take for Asia to bridge the nat cat protection gap?
Despite Asia constantly hitting records with the costliest catastrophes happening in the region, the sort of nat cat cover that can be bought in many economies in Asia Pacific is necessarily constrained and ineffective in the face of the growing threat from climate change.
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- March 1 2024
Aon shakes up Asia leadership with three expanded regional roles
Singapore CEO Andrew Minnitt has been put in charge of Singapore, Malaysia and Indonesia, while the Philippines head Darren Oliver will lead the Philippines, Thailand and Vietnam and commercial risk solutions head Tracy-Lee Kus will take charge as head of Japan and Korea.
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- February 29 2024
Asia dominates world’s top-ten countries most exposed to weather perils: Swiss Re
In a ranking of 36 countries, the Philippines ranks as the most economically-exposed nation to climate change-induced property damage losses. Thailand, China, Taiwan, India also rank high.
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- February 29 2024
IG P&I CEO: Asia remains a core and growing part of the clubs’ operations
The region has been the fastest growing for the industry for three decades and the sector recognises the need to provide services where they are located, Nick Shaw tells IAN.
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- February 28 2024
Fusion Specialty announces new APAC M&A leader
Tokyo-based Steven Harwood has taken charge as APAC managing partner for the specialist MGA, overseeing operations from New Zealand to India.
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- February 28 2024
Gallagher plans APAC fac buildout with Singapore, Sydney hubs
The broker, which is hiring a new team in the hub, wants to support the underwriters locally while writing business from around the world as it brings the offering under one international platform, according to Malcolm Payton.
