Country: Asia Page 119 / 447
-
- December 7 2023
Oona buys out InLife stake in Filipino general insurance JV
The Warburg Pincus investment vehicle will acquire the outstanding 40% stake in the non-life business that it had bought from Mapfre last year.
-
- December 7 2023
AIG takes BHSI exec as APAC chief operating officer
Ryan Storan joins the insurer in Singapore, relocating from Dublin, where he was head of operations for the specialty (re)insurer.
-
- December 7 2023
Singapore, Hong Kong set to see wave of insurance M&A in 2024
A Clearwater Analytics survey of insurers and insurance asset managers in the region noted that PE firms have taken an increasingly positive view on the acquisition potential of carriers in the two cities.
-
- December 7 2023
Global brokers making headways in Japan’s tough insurance market
As the industry battles governance issues and scandals, the agent-dominated market is seeing a shift towards professional intermediaries with specialist skills and independent advice.
-
- December 7 2023
China non-life premium growth ‘unlikely to accelerate’: Fitch
Underwriting results of smaller insurers to remain volatile because many of them are still in the midst of building their non-motor insurance portfolio.
-
- December 6 2023
Malaysian Re continues to tighten its underwriting term, review retrocession arrangements: Fitch
The rating agency has confirmed the reinsurer's 'A' (Strong) rating with a stable outlook, based on very strong capitalisation and earnings.
-
- December 6 2023
HDI Global forays into Asia’s A&H market with Lisa Leow hire
Leow will lead the A&H offering from Singapore, reporting to Graham Silton, managing director and principal officer, and Sydney-based Chris McDowell, underwriting manager, accident & health Australasia.
-
- December 6 2023
China’s financial regulator launches consultation on green insurance development
The National Administration of Financial Regulation targets a full-fledged green insurance servicing sector by 2030.
-
- December 6 2023
Fidelidade Macau benefits from parent support, strong capital adequacy: Fitch
The rating agency has upgraded the P&C carrier's financial strength rating to A with a stable outlook, noting Macau's post-pandemic recovery.
-
- December 5 2023
Asean insurers resilient to impacts of inflation, monetary tightening: Malaysian Re
Carriers reacted with a mix of measures including price hikes, tighter terms, reallocation of capacity and screening of their portfolios, according to the reinsurer's annual Asean insurance pulse publication.
-
- December 5 2023
Rising premium will boost Japan non-life insurers’ results: Fitch
The rating agency maintained a neutral outlook as carriers’ profitability remained resilient despite net insured losses from domestic nat cats stayed high in H1 FY 2023.
-
- December 5 2023
KB Insurance Indonesia’s 9M COR at 70%, premium retention improving on motor focus: Fitch
The rating agency affirmed the carrier’s rating with a stable outlook, as GWP growth outperforms industry average.
-
- December 5 2023
Japanese trade insurer to cover US$680m loan for LNG purchases
In its first policy, the state-owned Nippon Export and Investment Insurance will cover a domestic credit facility to secure the country's energy supplies.
-
- December 5 2023
Azure Risk hires Mai Nguyen as senior manager, marine broker
Hong Kong-based Nguyen will report to Anmol Sawlani, chief executive, and support renewals and new business development.
-
- December 5 2023
WTW takes Aon’s Ellen Fung to lead large accounts for Hong Kong and Macau
In her new role, Hong Kong-based Fung will work closely with the broker's regional team on large accounts market strategy and client development.
-
- December 5 2023
TMK’s Spyropoulos: We are so much more than a property D&F specialist
The blue-chip carrier’s regional CEO says ambitious growth plans for Asia Pacific will focus on a broad range of emerging risks such as cyber and political risks.
-
- December 4 2023
Southern India braces for Cyclone Michaung
The south-eastern city of Chennai has been hit by heavy rainfall and flooding, reminiscent of a 2015 flooding that caused US$755m in insured losses.
-
- December 4 2023
Hong Kong’s September extreme weather bill at US$243m: HKIA
Black rainstorm accounted for 81% of the claims, while the rest came from Typhoon Saola; 86% of gross claims incurred were property losses.
-
- December 4 2023
Samsung insurance arms set for new CEOs in groupwide leadership reshuffle: report
The non-life CEO Hong Won Hak is set to take charge at the life arm, while vice president Lee Moon Hwa will move up at Samsung Fire & Marine.
-
- December 4 2023
COP28: Insurance can’t be sole solution for climate challenges
With the just-adopted Loss and Damage Fund, the industry can play a supporting role by offering solutions like parametrics in the short term but need to look beyond insurance for the long term.
