Country: Asia Page 141 / 430
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- March 24 2023
Japan H3 rocket failure losses trigger domestic aviation pool
With the launch costs estimated at around US$50m, the loss won’t spill over to international reinsurers.
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- March 23 2023
Japanese shipper seeks sovereign guarantee for war-risk vessels: report
NYK Line has asked the government to consider offering support similar to a 2012 bill that benefited tanker owners transporting Iranian oil amid European Union sanctions.
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- March 23 2023
GCube bets on Australia’s green transition
The Tokio Marine-backed MGA’s chief executive Fraser McLachlan discusses Australia expansion and Asia Pacific strategy.
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- March 23 2023
Lloyd’s appoints Emma Loynes as Asia CEO
Loynes, who is head of commercial transformation within the market's directorate in London, will also take charge as permanent country manager for Singapore from May 1.
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- March 23 2023
India’s Reliance Jio plans insurance foray: report
India's biggest conglomerate has hired senior executives from state-owned insurers and is set to approach IRDAI for general and life carrier licences .
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- March 22 2023
Droughts in China and Australia floods push 2022 nat cat insured bill above US$100bn: Swiss Re
Hurricane Ian, inflation and growing property exposure were also key drivers for claims last year.
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- March 22 2023
Sun Hung Kai Properties Insurance underwriting results to outperform peers: AM Best
The rating agency has affirmed the Hong Kong insurer's rating at A (excellent) with a stable outlook.
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- March 22 2023
Further correction to Asia marine likely to be elusive
The market is still under-priced but rate increases lag behind the European and US markets.
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- March 22 2023
Great Eastern Holdings elevates Soon Tit Koon as chairman
Current chairman Koh Beng Seng will step down during the next annual general meeting.
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- March 21 2023
Asian carriers embrace insurtechs despite global slowdown
In recent deals, Peak Re teamed up with CyberCube, Zurich partnered Surer, Echo Re joined hands with Adept in APAC and Singapore's GIA expanded its use of Shift Technologies.
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- March 21 2023
Exclusive: Owen Belman set to leave Aon in June
The Singapore-based exec has been Asia CEO since January 2020 and has previously led the broker's Greater China and North Asia operations.
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- March 20 2023
Indian property cover rates to go up as carriers start claim-based pricing: report
The revision follows an IRDAI directive that rates published by the insurance information bureau need not be treated as a minimum rate.
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- March 20 2023
Industry losses from Nanmadol revised to US$1bn: Perils
The third estimate by the loss data specialist covers property losses sustained by Japanese non-life insurers from the typhoon last year.
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- March 20 2023
Korean Re 2022 COR flat at 100.4%, gross premiums grow 16%
The carrier's GWP climbed to US$7.4bn, but its net profit fell 1.5% to US$133.5m.
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- March 20 2023
Everest Insurance appoints Diane Chong as senior underwriter
Singapore-based Chong specialises in downstream energy, power and construction underwriting.
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- March 20 2023
UBS takeover of Credit Suisse to have ‘minimal’ impact on Hong Kong market: HKIA
As share prices fall, the regulator said that insurers in the SAR seldom place deposits with Credit Suisse, or hold bonds and derivatives issued by the bank.
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- March 20 2023
Zurich prioritises India as it charts out APAC expansion
The Swiss insurer's M&A strategy in Asia is less about "planting flags" and is focused on driving profitable growth, says regional M&A head.
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- March 17 2023
Indian trade credit specialist Origin ties up with AU Group to expand offering
The partnership will help the Indian carrier offer coverage for political risk, non-payment, bankruptcy and insolvency.
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- March 17 2023
Zurich, Etiqa among insurers bidding for Selangor takaful scheme
Four insurers, including Takaful Ikhlas and Takaful Malaysia, have applied to manage the accident insurance scheme that will cover six million residents.
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- March 17 2023
Asuransi Astra to maintain strong capital, reports robust numbers: AM Best
The rating agency has assigned an A- (excellent) rating to the company with a stable outlook
