Country: Asia Pacific Page 81 / 501
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- April 25 2024
MSIG Singapore could post modest premium growth in 2024: S&P Global
S&P Global Ratings affirmed MSIG Singapore's "A+" local-currency financial strength rating with a stable outlook.
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- April 25 2024
Dali general average claims will bring new pressures for the market: TT Club
With parts of the Francis Scott Key Bridge falling onto the vessel, those who are part of GA agreement will shoulder some liability for the costs of their removal, which is likely to add to the significant losses.
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- April 25 2024
Ted Hodgkinson joins Huntington Partners in Hong Kong as partner
The former BMS Asia executive chairman will lead the Singapore-based (re)insurance-focused advisory firm's operations for the SAR and China.
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- April 25 2024
Asia commercial insurance rates decline 2% in Q1: Marsh
Property, casuaty, finpro and cyber rates fell in the first quarter the year in Asia, while in the Pacific, property stabilised while casualty premiums continued to grow for the fourth consecutive quarter, albeit at a slower clip.
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- April 25 2024
South Korea mandates liability cover under new data, crypto regulations: Korean Re
The market, which was hit by US$555m in summer rainfall losses last year, is set to benefit from compulsory insurance norms and the local players will also see easing of overseas expansion regulations, a report by the reinsurer says.
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- April 25 2024
New Zealand’s early-2023 weather events cost US$5.3-US$8.6bn, government inquiry finds
Cyclone Gabrielle was a moderate-scale event when compared to what New Zealand could experience, warns the National Emergency Management Agency.
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- April 24 2024
Baltimore sues Dali shipowner, manager over bridge collapse
The suit alleges negligence on the part of the Singaporean owner Grace Ocean and Indian manager Synergy Marine in operating a "clearly unseaworthy" vessel.
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- April 24 2024
Arch promotes Kirsten Valder to deputy CEO of international
London-based Valder will have oversight over the carrier's platforms in Australia, London and the UK markets, Bermuda and the EU, reporting to Hugh Sturgess, CEO of Arch Insurance International.
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- April 24 2024
Insurers face headwinds from pace of regulatory changes: Zurich’s APAC CRO
Regulatory changes aside, the insurer's regional head of risk Siddhartha Medappa names macroeconomic risks, climate change, cyber and infectious disease as top risks facing businesses in the region.
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- April 24 2024
Lockton New Zealand hires Michael Harrow as head of corporate risk
Joining from ICIB BrokerWeb, Auckland-based Harrow will focus on expanding company’s services across all lines, and refining client service delivery.
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- April 23 2024
Asia warming faster than global average, hit by 79 weather-related disasters in 2023: WMO
Floods and storms are causing the highest number of reported casualties and economic losses, whilst the impact of heatwaves became more severe, according to a report from the UN climate agency.
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- April 23 2024
Rainstorms in China linger as insurers count preliminary losses at US$11m
Insurers in Zhaoqing and Shaoguan cities, both in the Guangdong province, have thus far received about 4000 claim notifications, according to local media reports.
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- April 23 2024
Korean insurers remain resilient to overseas commercial real estate deterioration: Fitch
A steady increase in the release of contractual service margins, driven by sound underwriting performance, will continue to support Korean insurers’ profitability despite volatility in their investment returns, Fitch said.
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- April 23 2024
Scor promotes CUO Lily Song to head of P&C China
Beijing-based Song has been at the French reinsurer since 2012 and has been the China reinsurance chief underwriting officer for more than 4 years.
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- April 23 2024
Gallagher acquires trade credit broker Prasidium in Australia
Directors Mark Smith, Stuart Prendergast, Mark Browning, Paul Daniele and their team will join Gallagher offices across Australia.
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- April 23 2024
Exclusive: Guy Carpenter recruits AIG veteran Eric Shaw as APAC regional claims advisory leader
Singapore-based Shaw oversees claims advisory and reports to Jacob Hughes, managing director, head of client support services for Asia Pacific.
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- April 23 2024
M&A specialist Brockwell targets niche opportunities in Asia
The London-based Lloyd’s coverholder is looking to expand in Singapore, Japan and South Korea and leverage on tax products that see high demand in the region.
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- April 22 2024
QBE appoints Jordan Stewart as Asia’s business development lead, broker distribution
Stewart, who has relocated to Hong Kong from Melbourne, will work with the teams across QBE Asia to enhance its broker partnerships across the region.
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- April 22 2024
Noto earthquake insurance payout approaches US$500m: GIAJ
The claims have increased 3.5 times since January 31 and rose by 22% since the last tally on March 8.
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- April 22 2024
Shane Twemlow returns to WTW as head of growth, New Zealand
Auckland-based Twemlow told IAN that in the new role he will oversee strategy and lead initiatives to increase client acquisition, retention and revenue for the broker.
