Country: Asia Page 18 / 394
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- October 29 2024
Tysers names new Singapore CEO and APAC marine head in regional push
Babita Rai has been promoted to CEO of the AUB Group-owned broker in the Lion City and William Furness-Smith has been appointed head of marine for APAC.
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- October 29 2024
Linda Sim succeeds Lee Huang Ng as Aon Singapore head of claims, commercial risk
Lim will report to Ng, who will relinquish her role of head of claims effective November 1.
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- October 28 2024
Marsh appoints Shahrezal Wan as placement manager
Singapore-based Wan was previously vice president, senior client underwriter with Swiss Re.
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- October 28 2024
Lockton expands in India with Arihant acquisition
The acquisition by the global broker that entered the Indian market earlier this year has received regulatory approval.
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- October 28 2024
AI and quantum computing risks call for comprehensive frameworks in APAC
Experts at the APAC Cyber Risk & Insurance Summit 2024 by InsuranceAsia News discussed the complex cybersecurity landscape, key risks, and strategies to manage evolving threats.
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- October 27 2024
Allianz Singapore likely to achieve earnings breakeven in 3-5 years: S&P
The Singapore government blocking its Income acquisition will have no implication on its rating, the rating agency said affirming the insurer's A+ financial strength rating with a stable outlook.
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- October 25 2024
Dali owner, operator reach US$100m settlement over Baltimore bridge collapse
Singapore-based Grace Ocean and Synergy Marine, the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in the US earlier this year, have agreed to pay the amount to the US federal government.
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- October 25 2024
Exclusive: Aon bolsters India treaty team with ICICI Lombard hire
Vidisha Singhal joins the broker as head of account management and will lead the team to support placements for property, agriculture and life and health clients.
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- October 25 2024
Taiping Singapore could see volatile underwriting, investment results impact earnings: AM Best
AM Best has affirmed an insurer rating of A (excellent) with a stable outlook for the company, primarily driven by a strong balance sheet.
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- October 24 2024
Asia insurance rates drop 4% in Q3 led by finpro and cyber lines: Marsh
Finpro lines have seen decreases up to 30% in some cases as continued lack of activity in the capital markets limited insurers' opportunities for new business, according to the latest Global Insurance Market Index by the broker.
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- October 24 2024
China launches new insurance scheme to support cross-border commerce: report
Insurance companies can offer tariff guarantees for cross-border businesses, eliminating the need for them to use physical collateral or pay large tariff deposits to banks.
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- October 24 2024
QBE partners Eos Rhea Metis to offer risk engineering services in greater China, South-East Asia
The partnership with the Taiwanese risk manager will support engineering and property underwriting, enhanced risk assessment processes and wider market access.
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- October 24 2024
Howden names Wendy Wong as executive director for Workplace Unity in Hong Kong
Wong will focus on developing healthcare services for injured employees in employees’ compensation cases, aiming to reduce sick leave periods and claim costs.
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- October 24 2024
Rare Earth launches wholesale insurance broker in mainland China
To be led by Wang Wei and Mark Gu, the +8 Partners company will also bring overseas insurance business into China, which will be traded in the Shanghai International Reinsurance Centre.
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- October 24 2024
Asian insurance market faces turbulence amid nat cats, economic shifts: WTW
The Pacific market is experiencing more favourable conditions, with reductions in pricing for various sectors, including construction and liability.
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- October 23 2024
HDI Global’s ART unit eyes Asia expansion under new leadership
The carrier’s specialist unit HDI Enablers is looking to expand into Malaysia following the appointment of Eric Joly-Pottuz as head.
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- October 23 2024
Allianz opens talks with India’s Reliance to launch insurance JVs: report
While Jio has been looking to rope in a foreign partner for its insurance foray, as exclusively reported by IAN, the current talks follow the German insurer’s plans to exit its JVs with Bajaj Group.
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- October 23 2024
Indian regulator urges large businesses, conglomerates to foray into insurance: report
The IRDAI claimed that the regulatory processes in the country have been streamlined, making it easier for new companies – business houses, PE firms, venture capitalists and family offices - to set up shop.
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- October 23 2024
China’s EV transition to drive premium growth: Moody’s
However, rising claims costs, higher accident rates and expensive components could erode the industry’s underwriting margins.
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- October 22 2024
Allianz looks to exit decades-old India JV with Bajaj: report
It is eyeing an exit from life and general JVs because its Indian partner is not allowing the German insurer to raise its stakes at a discounted price.
