Country: Asia Pacific Page 73 / 515
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- July 24 2024
Pacific insurance rates decline 5% led by finpro, cyber and property lines: Marsh
Casualty was the only line that saw a slight increase with the rates going 1% up, however, the lowest in many years, as capacity and competition increased from new and existing markets.
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- July 24 2024
Great American Insurance taps Chubb’s Julie Leng as marine underwriter
Leng, who was an assistant manager based in Kuala Lumpur, joins the Great American's Singapore branch.
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- July 24 2024
HDI Global hires Stuart Routledge as New South Wales marine underwriting manager
Sydney-based Routledge joins from RedSky Insurance where he was senior marine underwriter specialising in cargo insurance for over three years.
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- July 24 2024
London seeks to offer specialist capacity for ‘high-risk exposed’ Asia renewables
(Re)insurers are ready to step in to provide expertise for renewables in emerging regional economies as some of the capacity currently on offer is "naive".
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- July 24 2024
Criterion secures capacity from Bridgehaven Specialty to target waste management and recycling
The "A" rated capacity enables the MGA to offer "significant line sizes" to the underserved demand for sustainable recycling covers across UK, Australia and New Zealand.
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- July 23 2024
Korean insurers brace for more investment return volatility: Fitch
The carriers have sufficient capitalisation and their stable underwriting performance will likely support their overall profitability and offset the choppier returns caused by the IFRS 9 accounting change.
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- July 23 2024
WTW promotes Steven Torresan to APAC head of M&A practice
Sydney-based Torresan will work closely with Guy Miller and Andrew Stubbings, who will assume joint responsibility to co-head the M&A Australasia business in WTW’s financial & executive risks team.
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- July 23 2024
Zurich Australia on course for 7% revenue growth in the next two years: S&P Global
The rating agency has affirmed the insurer's 'AA-' rating with a stable outlook after implementing its revised criteria on capitalisation.
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- July 23 2024
Tokio Marine, Sompo receive FSA’s report orders on customer data leak
In their responses to the regulator's requests, the carriers have promised to continue to investigate the information leak, determine the root cause, and take thorough measures to prevent recurrence.
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- July 23 2024
Hong Kong captive growth stalls as Singapore, Labuan pull away
With recent rule changes still being digested by the wider market, the SAR’s ambitions to grow as a regional centre for captive management are not yet bearing fruit.
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- July 23 2024
Allianz’s acquisition of Income is unlikely to change Singapore’s market landscape: Fitch
The proposed acquisition is expected to strengthen Allianz’s presence in Asia and to elevate it from the ninth to the fourth-largest composite carrier by insurance revenue in the region.
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- July 23 2024
Lloyd’s promotes Mark Dyson to chief financial officer for international
Singapore-based Dyson will lead financial teams for all markets outside the UK – including Americas, Europe, Asia Pacific, Middle East and Africa.
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- July 23 2024
Indian and Malaysian carriers keen to transform claims and underwriting approaches
The two fast-growing markets illustrate how insurers can ride on regulatory changes and innovative approaches to navigate challenges and capitalise on opportunities.
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- July 22 2024
Income Insurance acquisition highlights Allianz’s increasing focus on South-East Asia: S&P
Allianz Insurance Singapore, rated "A+" with a "stable" outlook, remains a strategically important subsidiary of the group, as the rating reflects the extent of support the rating agency expects from the group.
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- July 22 2024
GSA ropes in Suncorp’s Christina Ludovice as head of claims
Sydney-based Ludovice will bring strategic support to the broker's claims team with a focus on negotiating expedited claims outcomes for the clients.
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- July 22 2024
BMS taps Dianne Riopelle from Marsh as energy team client manager
Based in Brisbane, Riopelle will be responsible for expanding the specialist broker's renewables, power and energy business.
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- July 22 2024
Indonesian reinsurer Maipark’s profitability to sustain despite nat cat risk: Fitch
Fitch Ratings has upgraded its outlook on the Indonesian reinsurer to "positive" from "stable" while affirming its "A" rating.
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- July 19 2024
Income to benefit from Allianz’s global expertise and potential synergies: Fitch
The proposed acquisition is fully in-line with Allianz’s strategic objectives to grow inorganically in property and casualty, the rating agency said.
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- July 19 2024
Agile appoints Matthew Rowan as group risk and compliance officer
In his new role, Sydney-based Rowan will oversee both the syndicate service company and MGA operations, handle the claims unit and work with broking partners.
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- July 19 2024
Gallagher Re reshuffles APAC leadership as Mark Morley elevated to deputy chairman international
Mark O'Brien will take over as managing director of Asia Pacific, while Morley will continue to oversee the region as chairman for APAC.
