Country: Asia Page 16 / 404
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- January 21 2025
TSMC assessing impact of 6.4-magnitude Taiwan earthquake
World's largest chipmaker says workers were evacuated after the quake, but all affected sites are gradually resuming production.
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- January 21 2025
East, South-East Asia record 72 piracy incidents in 2024, with 43 in Singapore Strait
11 large vessels targeted in the strait were over 100,000 deadweight tonnage, according to a report from the International Maritime Bureau.
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- January 21 2025
Peeravut Sukho returns to MSIG Thailand as senior vice president for business development
Bangkok-based Sukho will lead the carrier's business development team for broker and bancassurance partners, direct, affinity and digital distribution channels.
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- January 21 2025
Exclusive: Ex-Aon India transaction liability leadership heads to rival Lockton
Anand Kaul will assume the role of managing director for transactional lines in India, with Neelam Singh Koyande and Kulvir Sing also set to join the Mumbai-based team, IAN understands.
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- January 20 2025
South Korea braces for Trump tariffs with US$69bn trade insurance support: report
K-Sure will provide trade cover for SMEs, offering lower interest rates and expanded guarantee limits, according to a report in The Korea Herald.
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- January 20 2025
Korean insurers to cut motor premiums despite worsening loss ratios: report
In the fourth consecutive year of rate reductions, major non-life insurance companies will reduce premiums by an average of 0.5-1% this year.
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- January 20 2025
Swiss Re CorSo bets on international programs, ART to differentiate: Ivan Gonzalez
CEO says insurer plans to increase premiums from the two businesses to more than 25% of its GWP in three years from 19%.
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- January 20 2025
Aon appoints Mufei Lo as Asia head of marine claims advocacy
Singapore-based Lo has over 20 years of experience in international marine, transport, and cargo insurance across Europe and Asia.
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- January 17 2025
AIG appoints Chubb’s Fery Hakim as Indonesia CEO
Hakim spent almost 11 years at Chubb, most recently as head of broker, bancassurance and multi-finance.
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- January 17 2025
Vietnam’s PTI to benefit from remedial measures, portfolio revamp: AM Best
The rating agency has affirmed rating of B++ (good) and upgraded the carrier´s outlook from negative to stable reflecting its strong balance sheet.
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- January 17 2025
India’s non-life segment set for robust growth: AM Best
Despite underwriting losses, the industry posted double-digit premium growth in FY2024, the global rating agency says.
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- January 17 2025
Marsh Asia rejigs renewable energy team in Singapore
Martin Beck has been elevated to energy transition leader, with Robert Jones taking up the new role of renewable energy leader.
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- January 17 2025
Crawford strengthens Malaysia team with Sedgwick hire
Global loss adjuster Crawford appoints Tony Kan as director for large and complex loss.
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- January 17 2025
While trade war threat looms for Asia, climate risk needs more than insurance: industry leaders
Marsh McLennan’s Carolina Klint says Asia is particularly exposed given its role in the world’s manufacture of goods.
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- January 16 2025
Hong Kong’s Nova Insurance in ‘unique’ position with acquisition of Chinese broker
Beijing Nova Insurance Services has become an indirect wholly-owned subsidiary of FSE Lifestyle Services, and will operate as part of Nova Insurance Group.
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- January 16 2025
Itochu to acquire 20% stake in Thai general insurer
Thaivivat Insurance to carry out a US$29m private placement to the Japanese trading house for the minority stake sale.
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- January 16 2025
Vietnam’s biggest non-life carrier PVI tops US$525m premiums revenue in 2024
It accounts for 17% of total premiums collected by the country’s general insurance sector, consisting of 32 companies.
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- January 16 2025
California fire losses for Japan’s big 3, Korea’s DB Insurance likely to top US$600m
Tokio Marine Holdings, MS&AD Insurance Group and Sompo Holdings could see claims of up to US$575m, according to media reports, while DB Insurance has estimated US$41m.
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- January 15 2025
Ajit Horra replaces Sneha Gokarn as Gallagher India CEO
Horra will lead the broking team headquartered in Mumbai, working alongside Vinod Krishnan, who heads up Gallagher Re in India.
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- January 15 2025
Coface appoints new head of commercial for Taiwan
Niki Liu will be responsible for driving new business for the trade credit insurer, having previously worked for Aon-COFCO Insurance Brokers and Marsh.
