Country: Asia Pacific Page 87 / 511
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- May 10 2024
RACQ appoints Bank of America for potential sale: report
Plan to divest insurance arm that includes car, home, pet and caravan insurance products is gaining traction, according to a local media report.
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- May 10 2024
Fairfax-backed Go Digit’s downsized IPO set for May 15 launch
The listing on Indian stock exchanges could raise up to US$313m after the digital insurer reduced the new shares on offer and nearly halved the size of existing shares sale.
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- May 10 2024
US carbon credit carrier Oka expands to Australia through partnership with Clima
The partnership will be brokered by PSC Paragon and will support clients' efforts to meet net zero targets and enter voluntary carbon market through climate disclosure and decarbonisation.
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- May 10 2024
Great Eastern owner OCBC makes US$1bn take-private offer
The offer for the outstanding 11.56% values the Singaporean insurer at US$8.9bn, which represents a 37% premium over the insurers last traded price.
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- May 10 2024
Analytics: Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results
While overall GWP growth in both cities were similar, the Lion City's primary insurers saw significant growth in 2023 compared with peers in the SAR, data from the cities’ regulators show.
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- May 9 2024
Miller hires Sheena Benedict Ong for professional & financial risks team
Based in Singapore, Ong was previously a business development manager at Lockton for nearly two years.
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- May 9 2024
Lexasure-owned Front Street Re appoints Edison Fong as CEO
New York-based Fong joins from reinsurer Converge Re, where he was a director focusing on reinsurance in life and annuities markets in the US.
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- May 9 2024
Malaysian Re FY 2024 GWP tops US$500m; parent achieves record net profit
The Asean reinsurer reported a combined ratio of 95.5% and its post-tax profit grew 146% in the latest financial year.
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- May 9 2024
Fusion Specialty elevates Sabrina Chia to lead partner for Asia
Concurrent with the promotion, Singapore-based Chia will continue with her role as head of distribution for the region.
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- May 9 2024
Arch Australia grows executive assurance team with senior underwriter hire
Melbourne-based Jessica Wehbeh has joined the carrier's management liability and D&O products team from AIG.
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- May 9 2024
Red Sea crisis has created new breed of maritime risks: Howden’s Morley
The broker's dedicated war cargo cover, the first for an active conflict zone, has seen significant response from Asian cargo owners and manufacturers, associate director Ellis Morley tells IAN.
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- May 9 2024
Danielle Eliatamby becomes ANZ lead partner for Fusion Specialty
Sydney-based Eliatamby has been at the specialist MGA since 2022.
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- May 8 2024
Ardonagh to acquire Australian broker PSC Insurance for US$1.5bn
The broker will be merged into Ardonagh-owned Envest and its CEO Greg Mullins will oversee the combined operations for Australia and New Zealand.
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- May 8 2024
Shanghai Insurance Exchange appoints Wang Zhe as new head as ex-chair faces probe
Wang, an insurance veteran specialising on data analysis and infrastructure, has replaced Ren Chunsheng, who is under probe by the Communist Party's top anti-graft watchdog.
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- May 8 2024
AIG appoints Shanti Shafqat as New Zealand national corporate financial lines manager
Shafqat started her role in May and is based in Auckland.
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- May 8 2024
Asian insurers bracing for a soft market cycle as competition revs up
Increasing capacity and a relatively benign cat loss environment are driving down primary market rates across business lines and markets in the region.
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- May 7 2024
APAC markets moderating, loss-exposed lines remain challenging: Aon
Cat-exposed property across Asia saw limited capacity and renewal price increases but capacity for casualty remained abundant, leading to moderate market conditions, despite concerns of increasing exposures.
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- May 7 2024
AUB lifts FY 2024 net profit guidance to top-end of earlier range
The Australian broker's second forecast upgrade this year is based on the assumption that the profit split for the first and second half would be in-line with the usual seasonality trend and renewal cycle.
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- May 7 2024
CelsiusPro launches parametric climate risk insurance for Indian women workers
The index-based product offered in partnership with Howden Insurance Brokers and Go Digit, provides financial protection against extreme heatwaves for women working in India's informal sectors.
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- May 7 2024
MS&AD’s new CEO vows to fast-track unwinding of strategic holdings: report
Shinichiro Funabiki, the incoming group chief executive, has pledged to sell down cross-holdings in two years as part of a wider clean-up of the group's governance.
