Country: Asia Pacific Page 90 / 511
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- April 26 2024
Interest rates, regulatory uncertainties call for alternative yield strategy: HSBC Asset Management
Insurers grappling with the fast-changing US interest rates expectations, new regulatory capital regime and IFRS standard can look to alternative investment strategies for yield enhancement.
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- April 26 2024
India approves three new Russian marine insurers
New carriers, Alfastrakhovanie, Sogaz, VSK, and Ingrosstrakh, all backed by Russian National Reinsurance, have been allowed to provide cover to Indian shipments.
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- April 26 2024
Opinion: European regulator’s climate conundrum poses questions for South-East Asia’s risk mitigation
Excluding high-risk areas from coverage does not provide a viable solution, as all actors need to work together to address climate risk, including the P&C sector, governments and society.
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- April 26 2024
China’s financial regulator calls on carriers to develop green insurance
The National Financial Regulatory Administration have asked (re)insurers to enhance their modelling capability, and to play a greater role in helping the society shoulder the cost of climate change.
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- April 25 2024
Woori Finance enters race for Korea’s Lotte Insurance: report
The non-life carrier's private equity owner JKL Partners is looking to sell 77% stake in the company for a targeted US$1.45bn.
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- April 25 2024
Towngas Lifestyle and FSE Nova expand broking business in China, Hong Kong
The two companies will invest more resources and capabilities to provide insurance broker services to 42 million household customers in the mainland and the SAR.
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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.
