Country: Asia Page 10 / 394
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- December 17 2024
Newline Group expands to Hong Kong, hires Carson Choi
Lloyd's player adds to offices in Singapore, Shanghai and Malaysia, with Choi joining as head of financial lines.
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- December 17 2024
Howden confirms Rohan Bhappu’s appointment as Asia CEO
Bhappu will take over in October from Goh Chye Huat, who will assume the role of chairman for the region, as first reported by IAN.
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- December 16 2024
Allianz withdraws US$1.6bn offer to acquire Singapore’s Income Insurance
The pre-conditional offer was called off following the Singapore government's decision to block the deal.
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- December 16 2024
PetroVietnam to fully exit domestic insurance arm by end-2025
Petroleum firm plans to exit HDI Global-backed PetroVietnam Insurance Corporation (PVI) as part of a restructuring of state-owned companies.
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- December 16 2024
Delta Underwriting appoints Lucy Loh as Asia claims lead
Singapore-based Loh joins from Berkshire Hathaway Specialty Insurance and will help the MGA support its recent A&H expansion.
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- December 16 2024
Exclusive: Aon India transaction liability leadership departs
Five out of six staff, including Anand Kaul, deputy president - head of transaction liability insurance and credit solutions, are leaving the broker, IAN can reveal.
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- December 16 2024
Chinese broker Huize plans Philippines, Singapore foray
The move is part of the Nasdaq-listed insurtech platform’s target to generate 30% of its total revenue from overseas markets by 2026.
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- December 14 2024
Allianz to scrap US$1.6bn deal to acquire Income Insurance: report
The companies had difficulty finding a way to assuage government concerns, so they are likely to make an announcement about calling the deal off later this week.
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- December 13 2024
Korean Re reducing overseas property cat exposure: AM Best
The Korean reinsurer's long-term issuer credit rating has been upgraded to a+ (Excellent) while its financial strength rating of A (Excellent) has been affirmed, the rating agency said.
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- December 13 2024
Tune Protect Re to post moderate underwriting growth going forward: AM Best
The rating agency upgrades TPR’s rating to “bbb+” (good) from “bbb” (good), revises long-term outlook to stable from positive.
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- December 13 2024
Vietnam’s Bao Minh Insurance expected to maintain the strongest level of risk-adjusted capitalisation: AM Best
AM Best affirms financial strength rating of ‘B++’ (good), long-term issuer credit rating of ‘bbb’ (good) and the Vietnam national scale rating of ‘aaa.VN’ (exceptional) to BMI.
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- December 13 2024
WRMS’ SecuRisk tackles data and distribution hurdles to enhance climate resilience
The biggest challenges are minimising basis risk and providing coverage for smaller beneficiaries, such as smallholder farmers and micro-entrepreneurs, often overlooked by large insurers.
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- December 12 2024
MSIG Asia names Munich Re’s Alexander Liu as vice president for cyber and financial lines
Singapore-based Liu will report to Andrew Taylor, senior VP and head of cyber and financial lines.
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- December 12 2024
China’s Qianhai Reinsurance to explore opportunities in capital markets on shareholder support: AM Best
The rating agency has affirmed the financial strength rating of “A-” (excellent) and the long-term issuer credit rating of “a-” (excellent) to the Shenzhen-headquartered reinsurer with a stable outlook.
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- December 12 2024
Rising personal lines prices help stabilise global P&C sector: Moody’s
Pricing in China is unlikely to meaningfully improve, especially in motor, due to directives designed to reduce financial pressure on policyholders as well as mispricing risk for EVs.
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- December 12 2024
Public Bank’s takeover of Lonpac parent will have neutral impact: AM Best
The bank completed the acquisition of a 44.15% stake in the Malaysian insurer’s owner LPI Capital on December 5, becoming its largest shareholder.
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- December 12 2024
Exclusive: Rohan Bhappu to take over from Goh Chye Huat as Howden Asia CEO
Bhappu was most recently the chief executive of Marsh McLennan Hong Kong and Macau.
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- December 11 2024
Korean general insurers strengthen overseas push with Indonesia outreach
Carriers from the country have been expanding their operations in South-East Asian countries, including Indonesia and Vietnam.
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- December 11 2024
Howden Specialty expands natural resources team with Miller hire
Singapore-based Dipati will service the broker’s APAC power & energy client base from an engineering and claims perspective.
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- December 11 2024
Exclusive: Marsh’s Steve Hutchinson to join Howden Hong Kong as chief broking officer
Hutchinson was most recently senior vice president and risk management practice team leader for Marsh in Hong Kong.
