Country: Asia Pacific Page 64 / 501
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- July 4 2024
Australian MGA Market Lane hires Jeanene Hill as group head of operations
An industry veteran, Hill joined from Underwriting Agencies Council where she was a board director for four years.
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- July 4 2024
Zurich-owned Cover-More announces new group CEO
David Fike will lead the company through a significant integration phase following Zurich's acquisition of AIG's global personal travel insurance and assistance business.
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- July 4 2024
HKIA, HKFI welcome proposal to introduce re-domiciliation regime
A re-domiciliation regime will put Hong Kong in sync with developments in other (re)insurance hubs such as Singapore, and attract more insurers to set up their headquarters in the city.
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- July 4 2024
Exclusive: Carriers staring at US$1bn+ losses from New Caledonia civil unrest
QBE and Allianz’s estimated net exposure to the event have exceeded US$215m each from political violence in the French overseas territory near New Zealand, IAN understands.
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- July 4 2024
Australia and New Zealand mid-year renewals see return to stable market: Aon
Reinsurance buyers were seeing ample capacity and flatter pricing, with many experiencing low-single digits reduction, according to the broker's latest reinsurance market dynamics report.
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- July 3 2024
Aon names Peter Cheesman as APAC head of analytics for risk capital
Cheesman's new expanded role will make him responsible for analytics for the region's commercial risk across both the insurance and reinsurance sectors in Asia Pacific.
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- July 3 2024
Howden Re enters Japanese market with Kentaro Tada in charge
The reinsurance broker has also announced a with Tokyo-based ILS boutique Keystone ILS Capital.
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- July 3 2024
S&P affirms “stable” outlook on Allianz Fire and Marine Insurance Japan
Ratings are based on the likely support the Japanese insurer would get from the parent company during times of financial stress.
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- July 3 2024
Sedgwick promotes Aruna Chandrapalan to forensic accounting services partner in Asia
With over 20 years of experience, Chandrapalan has covered complex claims related to business interruption, forensic accounting, pre-loss reviews, product recalls and stock valuations.
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- July 3 2024
Pacific Islands captive PCRIC appoints Richard Poulter as chief risk officer
In his new role, Poulter will manage risk calculation in relation to insurance design, reinsurance and capital management and ensure PCIRC members meet each country’s objectives for financial protection against disaster risks.
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- July 3 2024
HDI Global strengthens Japan branch with two senior hires
Yasuyuki Harada joins as deputy general manager, market management for its Japan branch; while Clara Malcolm has been promoted to senior underwriter, liability and specialty, both based in Tokyo.
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- July 3 2024
Newline Asia hires Markel Simon Moi as chief underwriting officer
Before joining Newline, Moi was head of professional and financial risks for Asia at Markel for 14 years.
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- July 3 2024
Capacity loading at the front end driving rate softening for Asia aviation market
With the outcome of major disputes relating to Russia-Ukraine and Boeing 737 Max still uncertain, additional retail capacity in the regional aviation market is steering rating.
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- July 3 2024
Pricing and capacity ease at 1.7 renewal as underwriting scrutiny persists: brokers
Reinsurance buyers experienced a more welcoming market, and loss-free programs saw price easing at July 1 renewals compared to recent years thanks to positive results, Gallagher Re and Guy Carpenter said in their mid-year renewals reports.
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- July 2 2024
Japan hailstorm stands as only billion-dollar Asia nat cat event in Q2: Cresta
Together with Japan’s Noto earthquake, the world's nat cat events with billion-dollar insured loss totalled four in the first half of 2024.
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- July 2 2024
China Life P&C H1 cumulative claim payment rose 12% to US$4.6bn
The P&C arm of the world's second-largest life insurer said the bulk of 2024 H1 cumulative claim payment came from motor insurance, as it settled US$88m in nat cat related claims.
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- July 2 2024
AIG elevates Louise Wai as head of commercial property, Singapore
Wai rejoined AIG in April 2024 as underwriting manager for commercial property in Singapore. In her new role she reports to Scott Spaven, AIG Singapore president and CEO.
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- July 2 2024
RGA, Tongyang Life ink first cross-jurisdictional coinsurance deal in Korea at US$144m
The deal, which will allow an RGA subsidiary to reinsure a US$144m block of life policies, is expected to help Tongyang Life respond to future interest rate volatility.
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- July 2 2024
Lockton Singapore taps WTW’s Sung Wook Han as regional head of marine for Asia
Han will relocate from London to manage marine teams across Asia with a special focus on Singapore.
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- July 2 2024
Steadfast Group expands Australasian networks, broker and insurer services team
Kasun Jayaratne has been promoted to a newly created role of general manager of Australasian networks, broker, risk & insurer services, while Bronwyn Brownlee joins as risk services national client service manager.
