Country: Asia Pacific Page 75 / 516
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- July 18 2024
Howden Hong Kong takes Marsh’s Flora Fong as executive director for business strategy and growth
In her new role, Fong will engage with large, complex and multinational clients and drive discussions on critical topics such as climate risk and resilience, energy transition, digital transformation, cyber and political risks.
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- July 18 2024
Zurich’s Maureen Ung joins Everest as head of claims, Singapore
Ung has been Zurich's chief claims officer since August 2022.
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- July 18 2024
Market dynamics positive despite geopolitical, climate risks headwinds
Severe weather events, projected to rise by 5-7% every year, geopolitical unrest, and supply chain disruption are the main systemic perils that put pressure on the insurers, according to SwissRe Corso CUO Kera McDonald.
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- July 18 2024
Asia reports lower than average economic losses due to perils in H1 2024: Gallagher Re
An active first half of 2024 saw the global economic losses at US$128bn, close to the decadal average at US$133bn.
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- July 18 2024
Virtual asset insurance to become mandatory in Korea from tomorrow
Local media reports suggest carriers are charging premiums ranging from 5% to 12%.
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- July 18 2024
Texel names Angela Chang Asia MD as William Shaw assumes global role
Shaw will relocate to London as deputy CEO of the political risk and credit specialist broker.
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- July 17 2024
Allianz makes US$1.6bn offer for 51% of Singapore’s Income Insurance
The offer is subject to the approval of the shareholders of Income Insurance for the amendments to the constitution and the proposed name change.
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- July 17 2024
Malaysian Re proposes new global climate models in assessing South-East Asia climate risk
The company's most recent report suggests that newer climate models, which acknowledge global warming, may be more effective in predicting climate losses than legacy models that only rely on historical weather data.
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- July 17 2024
Munich Re elevates Thibault Imbert as principal for digital solutions P&C
He will support Munich Re's clients on their primary insurance challenges and ambition and report to Weihao Choo, head of consulting.
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- July 17 2024
Opinion: Insurers in Asia need to heed shadow banking warning
Given the scale of the casualty offering which has been rolled out to financial institutions across Asia in recent years, it would be surprising if more fall-outs don’t emerge given the volatile nature of many of the risks assumed by the sector.
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- July 17 2024
Mitsui Sumitomo-backed Haven Underwriting launches in Australia
Sydney-based MGA, founded by Barnaby Williams, will offer industrial special risk property cover.
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- July 16 2024
Chubb elevates Ben Howell as country president for Australia and New Zealand
Howell replaces Peter Kelaher, who has been appointed division president of continental Europe, Middle East and North Africa at Chubb.
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- July 16 2024
GIAJ calls for revision of reserve rates for fire insurance policies
A review of catastrophe contingency reserve system is critical in light of rising nat cats losses, the industry body says.
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- July 16 2024
AUB-owned Tysers Singapore ropes in Surabhi Mehrotra as associate director, reinsurance
Mehrotra joins from JB Boda, where she spent almost a decade as assistant general manager of treaty and facultative reinsurance broking.
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- July 16 2024
ICNZ calls for proactive approach on climate adaptation
The council has urged the government to take a leadership role on climate adaptation and build New Zealand’s resilience against the impact of climate change on lives and property.
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- July 16 2024
Australian MGA ATL appoints Allianz’s Jason Hawksworth as CEO
Sydney-based Hawksworth will succeed Allan Smith who has become executive chairman of the firm.
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- July 16 2024
Munich Re promotes Chris Baker to APAC cyber practice lead
Singapore-based Baker takes over the role from Serene Chan, who will head the carrier's P&C reinsurance business in Greater China.
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- July 16 2024
AUB targets New Zealand expansion through equity partnership with Northco
Northco’s management will retain a significant shareholding "to continue to adopt an entrepreneurial focus for the business".
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- July 16 2024
Munich Re’s Serene Chan takes charge as head of P&C reinsurance for Greater China
Chan, who was previously regional head of cyber for Asia Pacific with the reinsurer, was appointed in the new role following a wider regional leadership reshuffle earlier this year.
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- July 16 2024
Guy Carpenter expands APAC MGA practice with new Australia, New Zealand leader
The broker has appointed regional fac leader Krystina Wallis as head of GC Access for the region.
