Country: Asia Pacific Page 71 / 501
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- June 6 2024
WTW appoints Alexandra Low as head of trade credit for Hong Kong
Low will report to Lee Garvey, head of financial solutions, Asia Pacific, and Iris Chan, head of corporate risk and broking for Hong Kong and Macau.
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- June 6 2024
Macau could implement RBC by 2027: report
An Insurance Supervision Department's representative told IAN that the date of the implementation of the risk-based capital regime is not yet finalised as further industry discussions are required.
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- June 6 2024
New Zealand EQC secures record US$5.7bn reinsurance cover
The country's earthquake commission has increased its total cover by US$620m year-on-year, including the US$135m cat bond placed last year, at the June 1 renewals.
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- June 6 2024
Prudential Financial to acquire 10% stake in Qianhai Re
The deal, pending regulatory approval, will make the US insurance group the first foreign minority shareholder in the Shenzhen-based reinsurer.
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- June 6 2024
RBI approves Zurich’s acquisition of Kotak General Insurance’s 70% stake
All regulatory approvals required for the transaction are now received, according to Kotak Mahindra Bank.
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- June 6 2024
APRA calls attention to cyber weakness in data backups of carriers
Insurers will have to make sure to maintain sufficient isolation of backups as well as the technical capability to recover systems and data within tolerance levels, the regulator says.
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- June 5 2024
AIG elevates Ivan Ho to head of casualty, Hong Kong and Macau
Singapore-based Ho has been the carrier's environmental underwriting lead for Asia Pacific since June 2021.
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- June 5 2024
Marsh taps Axa XL for Asia political risk team build out
Singapore-based Lim Mei Yean was most recently business development manager for Asia at Axa XL.
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- June 5 2024
Seadrif mandates Gallagher Re as its reinsurance broker and risk advisor
The broker will be also responsible for the placement of reinsurance in international markets and the provision of strategic advisory services to the Asean cat risk facility.
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- June 5 2024
Chubb lands Australian aviation specialist MGA
The global insurer plans to close the acquisition of Melbourne-based Catalyst Aviation Insurance by the end of this month.
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- June 5 2024
Lockton New Zealand ropes in Marsh’s Damian Schade as client director
Schade's appointment in Auckland is aligned with the broker's continuous expansion in the Kiwi market.
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- June 5 2024
Fairfax names Gobinath Athappan as Asia chairman and chief executive
Athappan, who has been the insurance investment company's vice-chairman since 2015, is also set to take over as chairman of Fairfax-owned Singapore Re.
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- June 5 2024
Aldi partners with RACQ and Honey Insurance to launch insurance offering in Australia
The supermarket chain's insurance arm will offer car, homeowners and renters, including free smart home sensors, and landlord policies across the country.
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- June 5 2024
Specialist Risk Group eyes Asia expansion with focus on specialisms
The Temasek and Warburg Pincus-backed UK broking group will consider acquisitions to build a hub in Singapore.
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- June 5 2024
Guillaume Mirabaud appointed CEO of Axa Thailand General Insurance
Mirabaud was most recently the chief executive of Axa Korea, where he had also served as the CFO and general secretrary from 2019.
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- June 5 2024
Toa Re reshuffles key roles, appoints Michinari Takasaki as managing director
The Japanese reinsurer has named two new directors and promoted six executives to general manager roles effective June 27.
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- June 4 2024
Zurich Malaysia promotes Nur Fatihah Mustafa to family takaful CEO
Kuala Lumpur-based Mustafa, who was most recently Zurich's head of family takaful strategy planning, becomes the first female CEO to lead a takaful operator in Malaysia.
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- June 4 2024
Hans Vranken takes over as Axa Korea CEO
Vranken has over 18 years of experience in financial services and insurance industry across Madrid, Tokyo, Belgium under Axa Group.
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- June 4 2024
Update: Dual to take over Allianz Australia financial lines portfolio
The transition will be effective October 1 and Allianz Australia will remain the 100% capacity provider to this portfolio, according to the MGA's ANZ chief executive Damien Coates.
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- June 4 2024
Samuel Bye rejoins Axa XL as head of cyber for Asia and Middle East
Singapore-based Bye, who returns after nearly a year at Tokio Marine Kiln, will manage the (re)insurer’s recently built-out cyber team.
