Country: Asia Pacific Page 7 / 11
-
- March 28 2024
China Re returns to profit on strong FY2023 primary P&C, overseas growth
China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
-
- March 27 2024
HDI Global eyes A&H expansion, new representative offices in Asia: CEO
The industrial carrier reported a 4.9% APAC insurance revenue growth in FY 2023 backed by strong results in Singapore and Malaysia.
-
- March 26 2024
Allianz Trade elevates James Lie as regional head of e-commerce
The appointment of Singapore-based Lie, who was previously the country manager for Indonesia, underlines the insurer's effort in tapping into the region’s fast-growing e-commerce credit insurance market.
-
- March 26 2024
Opinion: AI will tip the balance – the question is, when?
While algorithms are great at working with tried and tested data and assumptions, conceptualising scenarios outside the given parameters is not within their capabilities and an underwriter’s assessment is still needed.
-
- March 25 2024
Guy Carpenter appoints new Pacific CEO in regional leadership shake-up
The reinsurance broker has hired Ben Savill as Pacific chief executive and promoted Jeff Saper and Luc Morement as APAC head of fac and regional sales leader, respectively.
-
- March 25 2024
Tokio Marine Kiln strengthens property capabilities in Asia Pacific with Chubb hire
Jonathan Grossman will relocate to Singapore from New Zealand to write property business for the Lloyd's player across APAC.
-
- March 21 2024
Tokio Marine eyes overseas acquisitions with US$10bn war chest: report
The insurer has aspirations to grow its business in the commercial insurance sector in North America, Asia, Europe, Australia as well as the Lloyd's market, co-head of international business Chris Williams told Reuters.
-
- March 21 2024
UK P&I Club positioned to benefit from the shipping shift to Asia: CUO
45% of the P&I club’s gross tonnage comes from the region as its local growth outperforms rest of the world.
-
- March 21 2024
Multi-jurisdictional cover, claims settlement top D&O insurance priority: survey
About 47% of Asia's respondents say their organisations buy US$10-49 million in D&O policy limits in non-indemnifiable loss, according to a survey by WTW and Clyde & Co.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
