Country: Asia Page 20 / 394
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- October 16 2024
SRCC rates harden, capacity, limits lower as tensions grow
Broader strike riots and civil commotion extensions under property programs are unlikely to be the norm going forward.
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- October 15 2024
Price Forbes Singapore hires Honan’s Cassaundra Tan as director of employee benefits
Tan will lead the development and expansion of the employee benefits division in Singapore and across global markets, reporting to Asia Pacific chief executive Philip Johnson.
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- October 15 2024
Specialist Risk Group makes Asia foray with Singapore acquisition
The Temasek and Warburg Pincus-backed UK intermediary has agreed to acquire broker HL Suntek.
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- October 15 2024
P&C insurers in Asia have much higher equity risks than US peers: Moody’s
Equity risks accounted for 32% and 24% of total required capital for Chinese and Taiwanese insurers and for 33% for Japanese insurers, compared to 10% for US carriers, according to Moody's latest Capital Tool analysis.
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- October 15 2024
Gallagher Re strengthens life and health reinsurance team with two senior hires
The reinsurer has appointed Sanjeeb Kumar as chairman of L&H reinsurance for India, and Addise Li as head of L&H reinsurance in China and Hong Kong.
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- October 15 2024
Allianz, NTUC Enterprise and Income to review government’s objections to the deal
Allianz said it will consider revisions to the proposed transaction structure, while the government clarified that it is open to future new proposals if its concerns are addressed.
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- October 14 2024
Charles Taylor expands into Thailand through associateship with GATS
The partnership with the Bangkok-based company will allow the loss adjuster to provide a full range of adjusting and claims management services in the country.
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- October 14 2024
Singapore government rejects Allianz-Income deal
"The government has assessed the proposed transaction and has decided that it would not be in the public interest for the transaction, in its current form, to proceed," minister Edwin Tong told parliament today.
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- October 14 2024
WTW hands Ivy Lee an expanded role of Asia food and beverage industry leader
Singapore-based Lee will focus on developing bespoke risk financing solutions for complex F&B organisations across Asia while also retaining her current role as head of property for the region.
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- October 14 2024
Secondary perils are the risk of the future: Munich Re’s Serene Chan
The reinsurer’s new Greater China P&C head discusses pricing trends, shift to non-proportional, cyber appetite and need for model robustness.
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- October 14 2024
GIC Re’s risk-adjusted capitalisation to remain robust over medium term: AM Best
The rating agency has upgraded the financial strength rating of the carrier to A- (excellent) from B++ (good) and the long-term issuer credit rating to "a-" (excellent) from "bbb+" (good), with the outlook for both revised from positive to stable.
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- October 14 2024
India likely to provide initial funding to set up P&I entity: report
An inter-ministerial consultation process was initiated this year to create the marine insurance entity, with participation from the industry.
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- October 11 2024
Tokio Marine achieves carbon neutrality in FY2023
The group has set a target US$316.8m in decarbonisation-related insurance premiums on a global basis by the end of FY 2026.
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- October 11 2024
Samsung Fire’s stable underwriting, low COR to help maintain market leadership: AM Best
The rating agency has affirmed the insurer's financial strength rating of A++ (superior).
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- October 11 2024
Strong growth in Nat Re’s non-property lines: AM Best
The rating agency has affirmed Nat Re’s rating at B++ (good) with a stable outlook, primarily driven by its strong balance sheet.
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- October 10 2024
MSIG Asia hires senior execs for Asia expansion
Rajnish Pal has joined the firm as senior vice president and head of transformation while Christian Kolmberger has been appointed as senior vice president, underwriting, reinsurance and claims.
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- October 10 2024
Brown & Brown completes acquisition of Singaporean broker Acorn
First announced in January, the deal by the US group's European arm Bridge Specialty is the brokerage group's second in the region after it entered Hong Kong last year through the acquisition of Capstone Brokers.
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- October 10 2024
Data breach driving cyber claims upwards: Allianz Commercial
The insurer's 2024 annual cyber risk outlook evolving regulatory and legal environment has brought an uptick in so-called 'non-attack' data privacy-related class action litigation.
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- October 9 2024
Markel expands India team with three underwriters in Mumbai
Srabasti Dhali has joined from Tata AIG as senior underwriter, specie; Aniket Mehta has been named marine cargo senior underwriter, while Ankur Saxena started as casualty underwriter.
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- October 9 2024
Crawford Thailand promotes Sompong Suriwong to country manager & director
The promotion came as current country manager Patipan Soodarram steps up into his new role of chairman of the loss adjuster.
