Country: Asia Page 109 / 412
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- July 10 2023
Hanwha’s ratings affirmed as capital pressures ease due to IFRS 17 and KI-ICS: AM Best
The negative impact of Carrot on the carrier's consolidated results will decrease gradually as the digital insurer continues to build economies of scale.
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- July 7 2023
AXA XL | Let’s Talk: Generative AI and cyber risk
The race between hackers intent on infiltrating organisations’ IT systems and cybersecurity professionals intent on keeping them out is set to escalate with the use of generative AI tools.
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- July 7 2023
Indian non-life premiums grew 16.5% for H1 2023
General insurers wrote premiums worth US$7bn till June this year as against US$5.91bn in the same period last year.
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- July 7 2023
China’s carriers betting on state-led infrastructure boom
The government continues to invest in railways, airports, ports and energy generation amid a slowdown in the property market.
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- July 6 2023
NZIA does away with emission targets for insurers
The UN said the protocol would now be "a voluntary best practice guide" for helping build and compare decarbonisation targets.
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- July 6 2023
Hong Kong passes insurance amendment bill to implement RBC regime
Insurance Authority will begin drafting detailed guidelines and requirements for the new regime, which is targeted for implementation in 2024.
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- July 6 2023
New capacity, fewer deals dampen Asia Pacific W&I market
With rates softening due to increased competition and a slow M&A market, underwriters are offering broader coverage and showing more appetite for risk.
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- July 6 2023
Charles Taylor expands Singapore hub with veteran Stephen Thorpe in key role
Thorpe moves into a hybrid role with additional responsibility as the loss adjuster's managing director, Asia, property, casualty and special technical risks.
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- July 5 2023
Axa XL expands Singapore cyber team with underwriting duo
Senior underwriter Chiaw Han Lean and underwriter Christopher Widjaya will join the carrier’s international financial lines team.
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- July 5 2023
West P&I Club makes six promotions in Asia Pacific
The club has named Singapore-based Eugene Cheng as senior claims manager, Pearl Chan as senior claims handler in Hong Kong, along with four others elevated in the claims and underwriting teams.
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- July 5 2023
Carriers move to support decommissioning of Asean energy assets
Power purchase agreements hammered over two decades ago are coming to an end in Malaysia, Brunei, Indonesia and Thailand, driving the need for insurance solutions.
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- July 4 2023
Markel takes Swiss Re’s Kevin Leung as Asia Pacific CUO
Leung will lead the regional underwriting strategy from Singapore, reporting to Christian Stobbs, the syndicate's APAC managing director.
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- July 4 2023
Guy Carpenter rejigs South-East Asia and Korea leadership
Bengt Johnsen is promoted to chairman, while Les Loh takes over as CEO.
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- July 4 2023
Talanx-backed Roojai buys bolttech’s Thai non-life carrier
With the acquisition of FWD General Insurance, the Thailand-based insurtech becomes a full-stack player.
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- July 4 2023
Vrs Adjusters ropes in James Ong to launch APAC hub in Singapore
The global loss adjuster's new office will serve clients in the Lion City as well as support its 13 network partners across the region.
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- July 3 2023
WTW hires from Aon for regional head of large accounts
Singapore-based Alan Duffy will also take charge as the broker’s head of Brunei.
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- July 3 2023
Generali promotes Blake Sowerby to head of special projects, finance – international
Hong Kong-based Sowerby will lead finance projects across Asia, Central and Eastern Europe, Mediterranean and Latin America for the Italian insurer.
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- July 3 2023
Exclusive: Castel-backed M&A specialist Transact Risk Partners set for Asia launch
The Dutch MGA's Singapore office will be led by senior underwriter Reuben Lee and is likely to start as early as August, IAN can reveal.
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- July 3 2023
Korean regulator mulling separate licence for reinsurers
The revised licensing regime will only apply to new players and is intended to bring more capacity and competition to the market, according to a Korean Re report.
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- July 1 2023
WTW | Enhancing companies’ ability to respond to increasing security risks and crises
Business leaders in APAC should rethink risk management strategies to help businesses protect their reputation, reduce liabilities and improve employee retention.
