Country: Asia Page 15 / 394
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- November 18 2024
China Re’s overseas P&C business posts robust growth, says AM Best affirming its rating
The rating agency noted Chaucer continues to be the major driver of overseas non-life reinsurance revenue.
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- November 15 2024
QBE’s Gordon Wong joins MSIG Hong Kong as senior vice president
In his new role, Wong will drive all intermediate business and oversee the growth of broker, agency and Macau channels.
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- November 15 2024
‘No guarantee’ Allianz-Income deal will proceed, discussions ongoing
Allianz and Income Insurance said they are still having discussions on amendments to the proposed acquisition deal.
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- November 15 2024
Emerging capital standards to increase Korea, HK and Taiwan insurance consolidation: Fitch Ratings
Regulators in the Asia Pacific region are upgrading existing solvency frameworks with a growing emphasis on aligning with ICS, IFRS 17 and other global regimes.
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- November 15 2024
Singapore’s MS First Capital Insurance’s rating outlook upgraded to positive
The global rating agency revises MSFC’s outlooks to positive, affirms financial strength rating of A (excellent) and long-term issuer credit rating of “a+” (excellent).
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- November 15 2024
US exposures, climate change, pricing challenges weigh on APAC casualty underwriters
The casualty market faces challenges in predicting risks due to global interconnectedness and emerging threats like PFAS and cyber.
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- November 15 2024
Hannover Re Malaysia to axe about 30 roles in data and technology, special project teams
The reinsurer told IAN that it has decided that a "very limited number of non-underwriting jobs are no longer required" and is working with the affected colleagues on all possible alternatives.
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- November 15 2024
South Korea’s non-life insurance outlook stable on new regulations, strong P&C, motor results: AM Best
In terms of challenges faced by the segment, AM Best highlighted slower expansion of auto insurance owing to recent rate cuts and sluggish growth in motor vehicle registrations as a key factor.
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- November 14 2024
Edme Insurance Brokers brings on board Nochiketa Dixit as managing director
Mumbai-based Dixit will manage retail, BFSI, IT/ITES, structured credit and affinity for the broker.
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- November 14 2024
PARIMA Taipei gathering to explore Asian response to global risks
The conference, which will draw risk managers from around the region, will tackle contemporary challenges faced by businesses, societies, and governments emphasising the need for collaboration and preparedness.
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- November 14 2024
Singapore blocked Income-Allianz deal over US$1.4bn ‘capital extraction’ plan
The proposed plan is “very different in both its nature and quantum” and “does not align with the representations NTUC Income made” to the government, MAS chairman said.
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- November 13 2024
Edme Insurance Brokers names Sanjay Radhakrishnan as CEO
Mumbai-based Radhakrishnan has been a founding member of Edme since its establishment following the sale of Aditya Birla Insurance Brokers to private equity firm Samara Capital Group.
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- November 13 2024
Maybank considering options for Ageas’ minority stake in Etiqa: report
The Malaysian bank may look to replace the Belgian insurer with another minority investor or buy out its minority stake.
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- November 13 2024
Specialty carriers swoop for APAC’s emerging A&H opportunity
The market is seeing an uptick in demand and rate correction in the region due to economic growth, demographic trends and inadequate public healthcare.
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- November 12 2024
Tokio Marine Asia appoints Marsh’s Riky Parulian Silaen as marine cargo underwriting head
Jakarta-based Silaen was most recently manager for marine, cargo and logistics for the broker.
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- November 12 2024
Howden expands in Hong Kong with Storfield acquisition
The SAR-based broker has a specialist focus on bloodstock, fine art, luxury vehicle and yacht insurance.
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- November 12 2024
Amit Ganorkar returns to Tata AIG as managing director and CEO
Ganorkar, who was previously the chief operating officer of the Indian insurer, takes over from Neelesh Garg, who resigned last month.
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- November 12 2024
AIG Korea takes Aon’s Han Bit Kim as financial lines underwriter
Seoul-based Kim was most recently manager for the broker focused on the dynamics of large complex insurance policies.
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- November 11 2024
China’s ZhongAn’s operating performance is subject to investment volatility, business risk: AM Best
The rating agency affirms financial strength rating of A- (excellent) and long-term issuer credit rating of “a-” (excellent) to the carrier with a stable outlook.
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- November 11 2024
SIRC: Reinsurers look to consolidate underwriting gains while tapping into fast-growing APAC
As renewals conference season draws to a close with the Singapore event, IAN brings you the reinsurance gather's key takeaways and what they mean for upcoming renewals.
