Country: Asia Pacific Page 8 / 9
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- February 6 2024
IP risks on the rise as insurers look to APAC’s rising need for cover
As the number of infringement cases and the amount awarded climb, IP-related insurance is drawing more attention from companies in the region.
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- February 6 2024
Asia’s casualty, financial & professional rates see quarterly drop in 4Q 2023: Marsh
Commercial and cyber insurance rates were flat in Asia as insurers' competition heated up, while property rates edged up 2%.
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- February 2 2024
IFRS 17: market still divided over the right KPIs
As insurers gear up for full-year reporting between February and April, experts say that the question remains as to which numbers are going to get the most emphasis.
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- January 31 2024
Philip Johnson named CEO designate for Price Forbes Asia
Johnson will take over from Stephen Britten, who will become executive chairman of the Ardonagh Group (re)insurance broker, in September this year.
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- January 31 2024
Canopius strengthens APAC credit & political risk team with underwriter hire
Sydney-based Dimitri Plastiras, who will be transferred to Singapore later this year, is among four senior hires by the specialty (re)insurer globally for the credit & political risk division.
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- January 31 2024
Asian casualty rates softening but underwriters wary of spike in claims
Though capacity remains abundant for liability lines in the region, carriers remain cautious over rising claims costs and knock-on effects from US and Australian markets.
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- January 29 2024
Howden boosts multinational client focus with Aon’s Mike Baker
Singapore-based Baker will focus on climate and political risks, energy transition, and cyber in his new role.
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- January 29 2024
Howden plans to make ‘a big and permanent splash’ in APAC: M&A chief
Armed with a billion-pound war chest, the broker is working on a ‘forever strategy’ to build a truly global alternative to the big three, says global head of M&A Peter Blanc.
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- January 26 2024
Pace of loss cost inflation is the ‘great unknown’: Marsh McLennan’s Doyle
The group’s insurance broking business in Asia Pacific saw revenues grow 7% to US$1.3bn in FY 2023.
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- January 26 2024
Alternative shipping routes create new risks for (re)insurers
As vessels look for solutions to escalating Red Sea crisis, increasing costs, delays, piracy risks and dangers of regulatory action because of increased carbon emissions present challenges to carriers.
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- January 26 2024
Howden Private Wealth names Benjamin Cheng as global CEO
Cheng was promoted to the global role from being the chief executive of Howden Private Wealth Asia.
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- January 24 2024
Election-packed 2024 revs up appetite for political risk cover
While the appetite for global programs has significantly reduced, single-country appetite remains relatively deep and is expected to see a boost in the product’s popularity over the coming months.
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- January 23 2024
Chris Mackinnon named Lloyd’s regional director with Iain Ferguson set to retire
Mackinnon will start in his new role on April 1, while Ferguson will retire on December 31, InsuranceAsia News can reveal.
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- January 19 2024
Ryan Specialty expands its Asia M&A offering with a Singapore hire
Lawrence Gregory, who was most recently an associate in the M&A practice group Baker McKenzie Wong & Leow, will report to APAC head Marina Sherer.
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- January 18 2024
Rising demand, easing conditions set stage for APAC cyber growth
With cyberattacks ascending to the top risk for businesses in the region, insurers are expanding coverage to tap lucrative mid-market opportunities.
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- January 16 2024
Alex Tarantino to succeed retiring HDI Global Singapore CEO Graham Silton
The specialty insurer has also named Sydney-based Andrew Cochrane as underwriting manager, liability, for Australasia.
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- January 11 2024
Axa XL bolsters APAC & Europe team with new appointment
Amsterdam-based Shanna Zrini has been named underwriting business owner for Asia Pacific and Europe.
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- January 10 2024
Oona Insurance Indonesia appoints new CEO
Jakarta-based Vincent Soegianto was most recently the merchant business head at Indonesian Bank Jago where he was leading the finance solution for SMEs.
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- January 9 2024
Typhoon Doksuri tops APAC nat cat overall losses at US$25bn: Munich Re
Two major disasters in New Zealand – Auckland floods and Cyclone Gabrielle – topped APAC insured losses at around US$4 billion.
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- January 9 2024
Marsh elevates Scott Eccleston to Pacific head of global placement
Eccleston, who will continue to be based in Melbourne, was most recently deputy head of global placement for Pacific.
