Country: Asia Page 159 / 479
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- October 16 2023
IRDAI restrains bidder to pledge Reliance General shares for parent sale: report
RBI-appointed administrator of debt-ridden R-Cap has written to Hinduja Group firm to submit a fresh application along with the source of funds and the business plan.
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- October 16 2023
PICC injects US$280m into PICC Reinsurance
The company said the cash injection, which will boost capital to around US$760m, will help the reinsurer support business development and strengthen synergies.
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- October 16 2023
Opinion: Asian (re)insurers are waking up to a new typhoon loss reality
2023 has been a wet one across the region, while the size, intensity and frequency of windstorms appear to be increasing, especially in China.
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- October 13 2023
AIG takes BHSI’s Matthew Bond to head energy and construction for APAC
Bond, to be based in London and Singapore, will be responsible for underwriting and business development across the region.
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- October 13 2023
MoneyHero to list on Nasdaq following SPAC deal with Pacific Century and Thiel Capital
The deal gives the financial services platform, which operates in Singapore, Hong Kong, the Philippines, Malaysia and Taiwan, access to around US$100m of capital.
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- October 13 2023
CCi appoints Nick Barham as head of technical expert services – Asia
Barham, who is relocating to Singapore, will lead the expansion of the consultant's technical engineering services to its insurance and construction clients in the region.
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- October 13 2023
Samsung Vina Insurance signs property products deal with Shinhan Bank Vietnam
In the first six months of 2023, property insurance revenue in Vietnam achieved a growth rate of 10.9%.
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- October 13 2023
Asian aviation, marine markets react to war risk peril as Israel conflict breaks out
A senior market source tells IAN that airlines are unlikely to be able to gain cover as Israeli government steps in with US$6bn to support home carriers.
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- October 13 2023
Exclusive: McLarens launches forensic accounting in Malaysia with Sedgwick hire
Serina Tan will be based in Kuala Lumpur and report to Scott Reichelt, the loss adjuster's head of forensic accounting, Asia Pacific.
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- October 13 2023
China’s Urtrust Insurance could see loss ratios climb: Fitch Ratings
The rating agency has affirmed the insurer's rating of 'BBB' with a stable outlook.
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- October 12 2023
Liberty Mutual Reinsurance appoints Alex Koh as senior underwriter
Koh was treaty manager for China Reinsurance Corporation (Group) in its Singapore branch.
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- October 11 2023
Extreme events in Greater China could lead to US$4.6tn economic losses over five years: Lloyd’s
This is the largest financial impact, closely followed by Asia Pacific with the losses worth US$4.5 trillion, says new Lloyd's systemic risk scenario that models food and water shocks.
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- October 11 2023
Axa completes India exit with sale of stake in life carrier to local partner
Indian JV partner Bharti Group is 'engaging with other strategic and financial investors to partner and or merge the business'.
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- October 11 2023
Everest ropes in Chubb veteran Stuart Kerr as head of international casualty
Kerr was most recently head of P&C Thailand and head of casualty Asia for the American insurance major.
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- October 11 2023
Allianz Partners, boltech tie-up for device and appliance insurance
Customers in Asia Pacific and the US will be able to purchase protection at the point of need for a range of household products, including mobile and digital devices, and household appliances.
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- October 11 2023
Zurich expands APAC M&A and business development team with senior hire
Hong Kong-based Cathy Lo becomes senior manager in regional M&A and business development team, reporting to Kevin Angelini, Asia Pacific head of strategy and M&A.
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- October 11 2023
Sedgwick | Transformation and other ‘T’s’: Four areas to focus on now to navigate change tomorrow
Leaders don’t have to fear change, taking steps to build trust, embrace transparency and encourage training helps teams respond better to challenges, writes Nicki Dunn, head of TPA and client services, Sedgwick in Asia.
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- October 11 2023
Indian insurtech InsuranceDekho raises US$60m in Series B funding round
The New Delhi-based firm has direct integration with 46 insurers across India offering more than 380 insurance products including 175 for life and health.
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- October 11 2023
Parametric expansion to help cover niche APAC risks
Insurers need to quickly adapt index-based products to climate change using data analytics and technology to support client needs.
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- October 11 2023
Patrick Lam to head AIG Hong Kong motor & personal property
Lam joins from insurance platform boltech where he managed product and underwriting for motor.
