Country: Asia Pacific Page 85 / 501
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- April 11 2024
Tugu Insurance’s Hong Kong arm sees modest near-term profitability: AM Best
AM Best has affirmed an insurer rating of B+ (good) for the company with a stable outlook.
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- April 11 2024
MSIG Hong Kong promotes Shujiro Suzuki as deputy CEO
Suzuki succeeds Hideaki Amasaki, who has started a new role as general manager of Mitsui Sumitomo Insurance’s international business department in Tokyo.
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- April 11 2024
Stability the goal as D&O market emerges from years of pricing volatility
While the directors & officers market in Asia Pacific remains as diverse as the markets in the region itself, there is a clear demand for certainty around pricing.
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- April 11 2024
Australia’s summer insured cat losses top US$1bn: ICA
The cost of the Christmas Storms has now exceeded US$730m from 95,000 claims; and the total losses for the season is expected to further rise with last weekend's storm in New South Wales.
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- April 10 2024
NSW ‘black nor’easter’ storms declared significant event as claims top 11,500: ICA
Suncorp, which received 2,700 claims, and IAG, with 3,100 claims, have said that almost 80% of the losses are coming from property damage.
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- April 10 2024
Crypto specialist MGA Qubit launches in Hong Kong after pre-series A fundraise
As part of its expansion plan, the HKIA-licensed specialty underwriter founded by Helen Ye is set to bring on board Wendy Lee as chief commercial officer.
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- April 10 2024
Sompo promotes Philippines CEO Hideo Nakano as head of Japanese interest accounts
In the newly created role reporting to APAC CEO Kenneth Reilly, Nakano will work with the commercial underwriting team to drive strategy and growth based in Singapore.
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- April 10 2024
AIG hands Brett Chew expanded role as head of affinity distribution & partnerships
Singapore-based Chew was previously head of affinity at the insurer will also join its Singapore executive committee.
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- April 10 2024
India’s FY2024 non-life sector GWP up 13% as motor, health buoy growth
Gross direct premiums for all Indian non-life insurers in 2023-24 increased to US$34.8bn, according to the latest data released by the General Insurance Council of India.
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- April 10 2024
Acquisitions ‘core’ to Miller’s Asia expansion plans
The GIC-backed specialty broker sets sight on retail and wholesale expansion across the region’s markets, CEO James Hands and Asia head Ron Whyte tell IAN.
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- April 10 2024
Australian insurtech Honey raises US$71.5m in a series A funding
The investment for the specialist home insurance startup backed by RACQ was led by the US private firm Gallatin Point Capital.
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- April 9 2024
Ansvar Insurance Australia hires Peter Bailey from AIG as chief underwriting officer
Bailey has joined Ansvar Insurance after a 10-year stint at AIG where he was most recently its head of portfolio solutions.
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- April 9 2024
Axa XL appoints Cedric Declercq to head of technical claims and exposure management for APAC and Europe
Singapore-based Declercq was the specialty (re)insurer's most recently APAC practice leader and claims manager, global Lines, since 2018.
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- April 9 2024
Taiwanese regulator excludes battery risks from EV insurance terms
Electric vehicle owners will need to get insured via additional provisions for damage caused by battery combustion, according to the Financial Supervisory Commission.
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- April 9 2024
April 1 renewals point to signs of reinsurance market peaking
The orderly 1.4 renewals saw a revival in property cat appetite, and modest reductions in rates and easing of conditions, though retentions remain high and per risk and US casualty continue to be hard to place.
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- April 9 2024
Crawford confirms Scott Reichelt’s appointment as Asia president
Singapore-based Reichelt will lead the loss adjuster's operations in eight regions across Singapore, Malaysia, Hong Kong, China, Japan, Thailand, the Philippines and Taiwan, and the firm's interests in Indonesia and India.
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- April 8 2024
Aon’s Dan Chapman rejoins Lockton Australia as director for trade credit, surety and political risk
As one of the founding members of Lockton Australia in 2012, Chapman will work closely with Liam Berry, head of surety, trade credit & political risk at the broker.
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- April 8 2024
Philippines budgets US$80m for crop insurance funding in FY 2024
The allocation is under the 2024 General Appropriations Act and is expected to cover the full cost of crop insurance premiums of more than 2.3m of the country's targeted farmers and fishermen.
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- April 8 2024
Arch Insurance Australia promotes Louise Lumley to underwriting manager
Sydney-based Lumley will focus on growing Arch’s directors and officers insurance, and management liability insurance business in the Australian market.
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- April 8 2024
Lockton Thailand names Suradee Malaiarisoon chief executive, Julio Camanag deputy CEO in leadership reshuffle
The broker's executive chairman in the country Wattana Wongvisesnopakun will continue with the business.
