Country: Asia Pacific Page 73 / 538
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- October 15 2024
Price Forbes Singapore hires Honan’s Cassaundra Tan as director of employee benefits
Tan will lead the development and expansion of the employee benefits division in Singapore and across global markets, reporting to Asia Pacific chief executive Philip Johnson.
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- October 15 2024
Stable pricing trend for Asia Pacific reinsurers in 2024: Fitch
The report also stated that the rising frequency and severity of extreme weather events could increase reinsurance claims, potentially disrupting recent pricing stability.
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- October 15 2024
Specialist Risk Group makes Asia foray with Singapore acquisition
The Temasek and Warburg Pincus-backed UK intermediary has agreed to acquire broker HL Suntek.
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- October 15 2024
P&C insurers in Asia have much higher equity risks than US peers: Moody’s
Equity risks accounted for 32% and 24% of total required capital for Chinese and Taiwanese insurers and for 33% for Japanese insurers, compared to 10% for US carriers, according to Moody's latest Capital Tool analysis.
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- October 15 2024
Gallagher Re strengthens life and health reinsurance team with two senior hires
The reinsurer has appointed Sanjeeb Kumar as chairman of L&H reinsurance for India, and Addise Li as head of L&H reinsurance in China and Hong Kong.
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- October 15 2024
Envest unveils leadership rejig following completion of PSC deal
The restructure will see PSC's ANZ chief executive David Hosking leave the combined group at the end of this month.
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- October 15 2024
Jamie Taylor joins Howden Insurance Brokers Australia as partner
In his new role, Brisbane-based Taylor will be in charge of corporate risks and sport & entertainment.
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- October 15 2024
Allianz, NTUC Enterprise and Income to review government’s objections to the deal
Allianz said it will consider revisions to the proposed transaction structure, while the government clarified that it is open to future new proposals if its concerns are addressed.
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- October 15 2024
‘Insurers need to take more risks’: Axa’s de Courtois
The deputy group CEO tells IAN that the industry needs to go against its traditional approach to risk as climate change and cyber rise as top risks for APAC.
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- October 15 2024
Exclusive: Peak Re eyes South-East Asia A&H growth with senior RGA hire
The Hong Kong-based reinsurer has appointed Ashish Kanakia as vice president, underwriting, A&H, South-East Asia markets.
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- October 14 2024
Charles Taylor expands into Thailand through associateship with GATS
The partnership with the Bangkok-based company will allow the loss adjuster to provide a full range of adjusting and claims management services in the country.
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- October 14 2024
Singapore government rejects Allianz-Income deal
"The government has assessed the proposed transaction and has decided that it would not be in the public interest for the transaction, in its current form, to proceed," minister Edwin Tong told parliament today.
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- October 14 2024
WTW hands Ivy Lee an expanded role of Asia food and beverage industry leader
Singapore-based Lee will focus on developing bespoke risk financing solutions for complex F&B organisations across Asia while also retaining her current role as head of property for the region.
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- October 14 2024
Secondary perils are the risk of the future: Munich Re’s Serene Chan
The reinsurer’s new Greater China P&C head discusses pricing trends, shift to non-proportional, cyber appetite and need for model robustness.
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- October 14 2024
GIC Re’s risk-adjusted capitalisation to remain robust over medium term: AM Best
The rating agency has upgraded the financial strength rating of the carrier to A- (excellent) from B++ (good) and the long-term issuer credit rating to "a-" (excellent) from "bbb+" (good), with the outlook for both revised from positive to stable.
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- October 14 2024
India likely to provide initial funding to set up P&I entity: report
An inter-ministerial consultation process was initiated this year to create the marine insurance entity, with participation from the industry.
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- October 11 2024
Tokio Marine achieves carbon neutrality in FY2023
The group has set a target US$316.8m in decarbonisation-related insurance premiums on a global basis by the end of FY 2026.
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- October 11 2024
Tower nearly doubles FY 2024 NPAT guidance to US$50m
The carrier's results to benefit from no large events being recorded in the financial year and stronger-than-expected business performance.
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- October 11 2024
Samsung Fire’s stable underwriting, low COR to help maintain market leadership: AM Best
The rating agency has affirmed the insurer's financial strength rating of A++ (superior).
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- October 11 2024
Strong growth in Nat Re’s non-property lines: AM Best
The rating agency has affirmed Nat Re’s rating at B++ (good) with a stable outlook, primarily driven by its strong balance sheet.
