Country: Asia Pacific Page 79 / 556
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- December 2 2024
PSC’s David Hosking to succeed Michael Tuffy as Australia’s Ivory Insurance CEO
Tuffy has resigned to pursue additional board roles but will stay involved in an advisory capacity in the immediate term to ensure a smooth transition.
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- December 2 2024
Thermal runaway, manufacturing defects the most overlooked risks for lithium-ion batteries: QBE
Businesses should work with relevant stakeholders to mitigate disruption risks through robust supply chain management and compliance strategies, the carrier said in the latest report.
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- November 29 2024
Sompo hires Zurich veteran to head APAC multinational business
Liu was most recently head of middle-market and international programs at Zurich.
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- November 29 2024
UK P&I Club promotes Richard Offord to Singapore branch chief executive
Offord will replace Yiah Soon Ng, who will retire after leading the Singapore office for more than 27 years.
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- November 29 2024
Sedgwick’s Stephen Kerr to take over from Veronica Grigg as Asia CEO
Singapore-based Kerr was Asia chief operating officer for the loss adjuster.
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- November 28 2024
Aon expands Asia natural resources team with BHP hire
In his new role, Gareth Ho will service the broker's existing energy and mining clients and support growth in the region.
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- November 28 2024
Taiwan’s CTBC Insurance to improve financials driven by personal lines, investment performance: AM Best
AM Best has assigned an insurer rating of B++ (good) with a stable outlook for the company.
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- November 28 2024
Malaysian Re’s focus on volatility of non-voluntary cession, overseas businesses key to underwriting performance stability: Fitch
The rating agency affirmed Malaysian Re’s insurer financial strength rating at 'A' (strong) with a stable outlook, reflecting its 'moderate' company profile and 'very strong' capitalisation.
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- November 28 2024
Australian carriers call for fee transparency, better land use planning to address strata affordability
The Insurance Council of Australia has made 17 recommendations in a policy paper released to help improve outcomes for consumers in strata complexes.
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- November 28 2024
Kamel Tlili takes over as TT Club’s Singapore chief executive as Yiah Soon Ng retires
Tlili, who joined the insurer as regional general manager for Asia Pacific 12 months ago, has taken on the additional responsibility.
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- November 28 2024
Tower reports strong underwriting gains, COR falls to 79% amidst no major events
The New Zealand insurer's turnaround was primarily due to no large cats in the financial year, driving its NPAT to US$49m up from US$4m a year ago.
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- November 28 2024
Typhoon Yagi losses set to reshape Vietnamese (re)insurance market
With insured losses likely to add up to a decade’s industry profit, the market could see rates and retentions increase and accelerate the shift to XoL structures.
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- November 28 2024
IAG to acquire RACQ insurance business for US$555m
The Australian insurer will enter a 25-year exclusive strategic alliance to provide the mutual's general insurance products and services for the members and Queenslanders.
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- November 28 2024
Sompo targeting US$1bn GWP growth from overseas business by FY 2026
It continues to eye geographic expansion and is actively working on M&A, the Japanese insurer said in its mid-term management plan.
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- November 27 2024
India’s Edme continues team buildout with ex-Coface CEO
Mumbai-based Bhavesh Patel joins the broker as executive director, corporate business of financial and credit specialty.
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- November 27 2024
Japanese, Korean trade insurers face US$100m+ exposure in Northvolt bankruptcy: report
The government-owned credit guarantee agencies NEXI and K-Sure had covered loans to the Swedish battery maker that filed for a Chapter 11 reorganisation in the US.
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- November 27 2024
Miller hires ex-UIB Konatsu Watanabe to strengthen Singapore P&C team
Watanabe brings valuable experience in areas such as facultative placements with a particular focus on Japanese business across Asia, according to the broker.
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- November 27 2024
Coface New Zealand expands risk underwriting team with Allianz Trade hire
Seif Nasser joins the trade credit insurer as a senior risk underwriter.
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- November 27 2024
Exclusive: HDFC Ergo’s Hiten Kothari returns to WTW India as senior P&C director
Mumbai-based Kothari joins the broker's insurance consulting & technology business in the first week of December.
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- November 26 2024
QBE Insurance promotes Jamie Kelly to group chief compliance officer
Sydney-based Kelly, who was previously interim executive/group head of risk culture and conduct, will lead the carrier's global compliance function, reporting to group chief risk officer Fiona Larnach.
