Country: Asia Pacific Page 79 / 551
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- November 7 2024
Steadfast expands into London market with US$30m Lloyd’s broker HW Wood buy
The acquisition, which is expected to be completed on December 2, gives the Australian group full ownership of the target, including its operations in France and Greece.
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- November 7 2024
The Hartford makes Singapore foray with Axa XL hire
Zhenghong Pan will join the specialty carrier in Singapore as principal officer and underwriting manager, financial lines.
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- November 7 2024
PCRIC, WTW renew Pacific islands reinsurance portfolio
The Pacific Islands captive has developed new policy designs with the support from WTW’s disaster risk finance and alternative risk transfer teams.
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- November 7 2024
Asian cyber market needs local expertise: Guy Carpenter’s Cordonnier
While there is no question on the potential for cyber growth in the region, for take-up to increase the market needs to develop products that are relevant to local clients.
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- November 7 2024
Asian specialty losses to be reflected in renewals: Swiss Re
The reinsurer’s specialty CUO Anne Lohbeck says engineering, inherent defect, cyber and credit & surety are growth drivers for APAC specialty book.
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- November 7 2024
Miller Insurance sets sights on expansion in Japan and South Korea as it continues to plough its APAC furrow
The broker is opening soon in South Korea and plans to “build pretty deep there”, and has some other plans in other territories to go too, said Ron Whyte.
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- November 7 2024
Cyber, property cornerstones in Beazley’s APAC growth strategy
Jessica Schappell, head of Asia Pacific at Beazley, outlines her vision for the region, focusing on deepening market penetration, leveraging a well-established team, and expanding the property and cyber insurance footprint.
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- November 7 2024
Axa XL plans Asia ‘acceleration’ as it looks to double portfolio by 2026
The carrier eyes significant growth opportunities across India, China, Thailand and Indonesia as it plans to cement its position as a leading regional player.
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- November 7 2024
Indian reinsurers shifting towards enhanced domestic capacity and innovation: JB Boda
Domestic carriers are seeking partners who can offer capacity, support growth, advanced analytics and broad-based expertise, said Rohit Boda.
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- November 7 2024
APAC reinsurers face profitability, diversification, and risk management challenges: S&P Global
Wenwen Chen, director at S&P Global discusses key factors influencing the profitability of APAC reinsurers and the impact of retrocession costs.
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- November 7 2024
Growing demand for comprehensive loss data as natural disasters increase: Perils
As insurance penetration grows, there is a need to better understand the insured exposures and vulnerabilities in these regions, says Perils’ Darryl Pidcock.
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- November 6 2024
Xiaomi joins BNP Paribas, Volkswagen to enter Chinese non-life market
The country’s regulator has approved Beijing BNP Paribas Tianxing Property & Casualty Insurance as three-way JV between the smartphone maker's financial services arm, the French banking group and the carmaker's local lending arm.
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- November 6 2024
Liberty Specialty Markets’ Alison Campbell joins Berkley Insurance Australia as underwriter
In her new role, Brisbane-based Campbell will write general liability and financial lines of business for the carrier.
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- November 6 2024
Australia’s NIBA appoints Phil Khoury as independent reviewer for the insurance brokers code of practice
NIBA reviews the code in consultation with stakeholders every three years to ensure it remains relevant and effective.
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- November 6 2024
Charles Taylor announces 20% increase in Malaysia workforce, additional branch network plans
The loss adjustor aims to strengthen its offering in property, liability, construction and engineering, and motor lines across the Malaysia branch network with offices in Penang, Perak, Pahang, Melaka, Johor, Sabah and Sarawak.
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- November 6 2024
Dubai emerges as a key player in the growing APAC (re)insurance market
While Singapore remains a formidable player in the global insurance market, its limited proximity to MENA markets may hinder its growth compared to the emirate.
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- November 5 2024
China Re Asia Pacific CEO Richard Lim set to retire
Singapore-based Lim has worked at the reinsurer for the past nine years. This year's Singapore International Reinsurance Conference will mark Lim's final involvement as part of the organising team.
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- November 5 2024
New Zealand central bank warns of premium hikes for high-risk properties: reports
For vulnerable properties, flood risk premiums are becoming more common as the trend towards risk-based pricing continues, RBNZ noted.
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- November 5 2024
Queensland and NSW most vulnerable going forward for natural disasters: CGU Insurance
Currently there are 1.2 million properties at risk of flooding in Australia, while 230,000 properties face a 1-in-20 risk of flooding each year, the insurer said.
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- November 5 2024
Hallmark Insurance’s parent St Andrew’s Australia Services get APRA nod as holding company
The registration allows the firm to oversee one APRA-authorised life insurer and one general insurer under the regulatory framework.
