Country: Asia Pacific Page 68 / 522
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- September 4 2024
Cambodia to join Asean compulsory motor insurance system
The system provides vehicle mandatory third-party liability cover to vehicles transiting across the borders of 10 Asean countries.
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- September 4 2024
Gallagher promotes John Li to APAC client director
Perth-based Li joined the broker in February following its acquisition of mining specialist Ansin Insurance Brokers, whic he founded in 2019.
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- September 4 2024
Zurich elevates David Wainwright to chief risk officer for ANZ
Wainwright, currently CRO for the insurer's UK life business, will start his new role in January next year succeeding Jaimie Sach who is retiring.
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- September 4 2024
India deal activity drives demand for W&I cover, competition in Singapore
The increasing deal flow combined with ample insurance capacity and more scrutinised approach to risk in the country means more underwriters are likely to enter the M&A insurance space over the next six months.
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- September 3 2024
Aon veteran Alexandra Tilden returns to Australia as APAC strategic account director
Tilden will relocate back to Australia from San Francisco, where she held th role of managing director since 2021.
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- September 3 2024
Allianz Commercial promotes Jenny Wilhelm to Asia head of distribution
Prior to the latest announcement, Singapore-based Wilhelm has been the regional head of financial lines and cyber, Asia, a role that she will retain until a successor has been appointed.
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- September 3 2024
Crawford Australia appoints Milia Xystros as head of third party administration
Previously, Sydney-based Xystros was executive manager at Lloyd's syndicate Procare Claims and Risk.
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- September 3 2024
Insurers brace for claims as wild weather hits southern Australia
The severe weather including damaging winds, major floods and coastal hazards caused widespread damage across Victoria and Tasmania and left more than 120,000 without power.
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- September 3 2024
Port congestion cover demand surges as geopolitical tensions lead to Asian terminals overload
As Red Sea attacks continue, the blockages in Singapore and Malaysia’s Port Klang and Tanjung Pelepas has led to supply chain disruptions, with nat cats making the regional risk landscape more complex.
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- September 3 2024
Exclusive: ARB appoints Eunice Ang as divisional director for treaty reinsurance
Singapore-based Ang, who joins from Axa, is responsible for treaty relationships within South-East Asia with a focus on Indonesian retro programs and clients in the Philippines.
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- September 3 2024
Aon’s Yen Chu Choo named APAC capital advisory leader
Singapore-based Choo will report to George Attard, APAC chief executive for Reinsurance Solutions.
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- September 2 2024
Aon appoints Oliver Miloschewsky as head of shipping for Asia
Hong Kong-based Miloschewsky, who joins from MGA Nexus Underwriting, will report to Stephen Rudman, head of marine, Asia
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- September 2 2024
Korean carriers report H1 2024 12.2% net income increase to US$4.3bn
Non-life premium income for the first half of 2024 increased 4.3% from a year ago to US$45.7bn, according to the Financial Supervisory Service data.
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- September 2 2024
Roojai Group appoints Nicolas Fauvarque as group chief financial officer
For his new role, Fauvarque. who joins from the carrier P&V Group, has relocated to Thailand from Belgium.
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- September 2 2024
Marsh elevates Gary Chua to Singapore president
Chua has been the chief client officer for the broker since January 2023.
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- September 2 2024
Miller expands sports and entertainment offering into APAC with senior hire
Siva Krishnan will head the new line in the region focusing on live events, sporting events and tours, sport associations and film & TV.
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- September 2 2024
India’s Aditya Birla Group completes sale of insurance broking arm
Following the deal, the intermediary business will be rebranded as Edme Insurance Brokers.
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- September 2 2024
Fubon Insurance returns to net profit, COR improves to 86.2% in H1 2024
The Taiwanese market leader's combined ratio dropped 37.2 percentage points from 123.4% a year ago as claims paid for the period more than halved.
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- September 2 2024
Aon hires Munich Re veteran as senior shipping specialist, Japan
In his new role, Hide Akagi will take on the role of business development for the shipping team in Tokyo and report to Stephen Rudman, head of marine for Asia.
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- September 2 2024
Typhoon Shanshan set to trigger significant BI, property losses, weigh on reinsurance market
While the impact on reinsurance is unclear now, repeated or severe cat events in the area in the future may prompt reinsurers to reduce their underwriting commitments or increase premiums.
