Country: Asia Page 142 / 408
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- September 29 2022
China Merchants Bank consolidates Hong Kong GI businesses
CMB Wing Lung Insurance to merge with China Merchants Insurance in an all-stock deal.
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- September 29 2022
Axa XL charges up APAC, Europe energy team with Scor hire
Olivier Croese will join the Paris office as product leader for energy and construction.
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- September 28 2022
Typhoon Noru rips through South-East Asia as it moves to Thailand via Laos
After slamming the Philippines and Vietnam, the tropical storm is expected cause flooding along the Mekong river.
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- September 28 2022
Insurers shying away from writing new China, Taiwan policies: report
Risk managers are worried a sanctions war between the US and China may restrict capital flow.
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- September 28 2022
Risk pools no panacea for Asia’s secondary peril threat
(Re)insurers need to improve risk selection and underwriting to cope with models that don’t have the same predictive power.
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- September 28 2022
Higher loss ratios driving up China NEV insurance rates: report
Electrical vehicle cover 20% more expensive than conventional cars because they are more prone to fire and parts are more expensive.
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- September 27 2022
Rising D&O claims in Hong Kong may spur market correction
The 'ever-present' US class actions risk piling pressure on policies written for dual-listed companies.
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- September 27 2022
Taiping Re continues Asia expansion: AM Best
The Hong Kong reinsurer is expanding beyond its core market of Greater China.
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- September 26 2022
Hong Kong High Court orders wind-up of Target Insurance
All the in-force policies issued by the taxi insurer are unaffected by the winding-up order, the HKIA said.
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- September 26 2022
Aon signs up Karl Hamann as Indonesia CEO
The former QBE veteran was most recently the chief executive of Papua New Guinea's state-owned insurer.
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- September 26 2022
Typhoon Noru threatens World Bank cat bond default: Plenum
Hundreds of hectares of rice fields and banana crops were destroyed in the Philippines, with the cyclone threatening Vietnam's coffee crop.
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- September 26 2022
Zurich joins hands with Piramal for Reliance General Insurance bid: report
The Swiss carrier's JV will compete with PE firm Advent for the general insurance arm of debt-ridden Reliance Capital.
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- September 26 2022
Generali picks new Hong Kong CEO: sources
IAN understands the replacement for Davide Glavina, who left the company after a few months into the role, is awaiting regulatory approval.
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- September 26 2022
Exclusive: Korean carriers DB, Samsung and Hyundai on the hook for Posco’s huge typhoon claims
DB Insurance provided the largest coverage to the steelmaker with around 17% exposure of the risk pool.
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- September 26 2022
‘Deutsche Rück to focus on small and medium-sized insurers in Asia’
The carrier will rely on its own network of brokers but will certainly work with local ones too, Asia MD Tarik Aouad told IAN.
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- September 26 2022
Malaysia’s Pacific & Orient suffers from lack of diversification: Fitch
The firm's COR was 96% in FY 2021 compared with 107% in FY 2020, with a three-year average of 100%.
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- September 23 2022
CTX Special Risks, Cosco Shipping captive join global marine climate group PPMI
The Poseidon Principles of Marine Insurance is a framework to incentivise shipping decarbonisation by disclosing the 'climate alignment' of hull and machinery portfolios.
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- September 23 2022
‘Hardening continuing into the coming renewal’: Swiss Re’s Paul Murray
The reinsurer is withdrawing capacity from frequency-driven nat cat events and doubling down on ‘sweet spot’ high layers in Asia.
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- September 23 2022
Market braces for Nanmadol loss creep
Secondary perils could play a major role after mid-single digit billion loss estimates.
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- September 22 2022
Well Link’s Thomas Lee doubles up as GI CEO
Well Link Life's chief executive aims to bring synergies across the HK firm's general and life units.
