Country: Asia Page 230 / 411
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- August 25 2020
Korean co-insurance to boost capital strength: Fitch
The FSC has developed new regulations to help manage liabilities.
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- August 25 2020
CBIRC commits to opening up to foreign players
Market reform and supervision are on the agenda in China with Allianz and Chubb taking advantage.
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- August 24 2020
SIRC to host “virtual event” as conference postponed until 2021
Marc Haushofer, chairman of the Singapore Reinsurers’ Association, said the decision came after much thought.
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- August 24 2020
Navigating marine risks after Mauritius’ oil spill
The market has faced sustained challenges for years with rising losses and busier seas.
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- August 24 2020
India’s Bharti Axa GI acquired by ICICI Lombard
The new entity will become India's third-largest P&C player.
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- August 21 2020
Swiss Re invests in Chinese insurtech’s US$230m fundraise
Ambitious healthcare platform Waterdrop is valued at US$2bn.
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- August 21 2020
Axa eyes South Korea P&C sell off: report
Any potential sale could raise between US$135m and US$203m.
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- August 20 2020
AIA’s CEO optimistic despite H1 37% new business drop
Lee Yuan Siong sees strong growth in markets where Covid-19 restrictions are being relaxed.
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- August 20 2020
HK’s regulator launches consultation on capital requirements
The new rules will likely be implemented in early 2021.
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- August 20 2020
China’s P&C sector poised for 4% annual growth
There are hopes to revamp the domestic market, while foreign players refocus on the country.
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- August 19 2020
Asia M&A “on the up” in H1 2020
Some of the recent completed deals were being negotiated for several years.
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- August 19 2020
Prudential’s timely focus on Asia
It's going to be an exciting and challenging 12 months for chief executive Mike Wells.
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- August 19 2020
China Life denies merger rumour after share moves
Unusual price movement led to an announcement under the rules of the Shanghai Stock Exchange.
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- August 18 2020
Axa’s streamlined Asia strategy could see disposals
Sales in Singapore, India and Malaysia would raise cash and simplify its footprint amid Covid losses.
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- August 18 2020
Malaysia’s P&C sector sees “steepest” ever H1 GWP drop
Road to recovery will be long and arduous says the country's General Insurance Association.
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- August 17 2020
Sedgwick selects Chubb’s ex-APAC claims chief as Asia COO
Ben Chin is replacing Wayne Cheng who has decided to retire.
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- August 17 2020
Hong Kong confirms Clement Cheung as IA CEO for 3 more years
He will serve at least five years and has been a steady hand during a turbulent period.
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- August 17 2020
Marsh’s Australia CEO handed APAC risk role
Scott Leney has over 30 years of experience and takes on an expanded group role.
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- August 14 2020
South Korea’s P&C players hit by US$40m rain losses
The longest monsoon in the country since 2013 has flooded thousands of vehicles and homes.
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- August 13 2020
AIG, GIC Re on hook for Air India’s US$50m crash payout
The hull claim has been approved for the Boeing 737 that crashed last weekend at an Indian airport.
