Country: Asia Page 24 / 394
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- September 24 2024
India may consider a new turnaround plan for three general insurers: report
While solvency ratio, consistently high claims ratios and losses or low profitability were the concerns that need to be addressed by the state-owned carriers, the government is likely to provide fiscal support to companies showing profits.
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- September 24 2024
MIC Global partners with GIC Re to expand digital reinsurance in India
The latest partnership builds on an earlier collaboration with P&C carrier, The New India Assurance, as the micro insurer is ready to expand its solutions to more carriers in the country.
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- September 23 2024
Allianz Commercial India hires Shweta Gadia to boost financial lines and cyber offering
Mumbai-based Shweta will report directly to the India CEO CB Murali with matrix reporting to Jenny Wilhelm, Asia head of financial lines, cyber and distribution for the carrier.
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- September 23 2024
Korea’s Wise Insurance appoints Yubeom Kim as reinsurance team director
Before joining Wise, Seoul-based Kim worked at HIS Insurance for over seven years where he was most recently director.
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- September 23 2024
India’s Equirus Group acquires strategic stake in Raghnall Insurance Broking
Following the deal, the companies expect to place GWP of US$47.9m this year and US$119.7m by FY 2028.
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- September 23 2024
Swiss Re CorSo elevates Devpriya Misra to APAC and global client solutions lead
Singapore-based Misra, who has been with Swiss Re CorSo for almost nine years, was most recently regional head customer management APAC for the firm.
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- September 23 2024
Aon promotes Jon Pipe to Asia head of commercial risk
Pipe, who has been CEO and principal officer of Aon India Insurance Brokers, will continue to work alongside Rishi Mehra and the India leadership team to ensure consistency and continuity.
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- September 23 2024
Starr’s Rachel Miao joins Aon as Asia director, marine, cargo & logistics
For her new role, Miao, who was most recently head of marine for China at Starr Insurance, will relocate to Hong Kong from Shanghai.
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- September 23 2024
Typhoon Yagi to drive reinsurance premium, deductible increases in Vietnam and beyond
Premiums increases that will allow the carriers to cover costs and mitigate future risks are likely to be particularly evident in high-risk areas, such as coastal provinces in the north.
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- September 23 2024
Japan’s flooding and landslides cause power cuts, casualties in quake-hit Noto Peninsula
More than 100,000 people have been ordered to be evacuated in Ishikawa and Kumamoto prefectures with 6,000 households left without power Japan and train services suspended as Japan Meteorological Agency issued its highest "life-threatening" alert level following torrential rains in the region.
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- September 20 2024
Lockton promotes Williams to fintech, blockchain advisory leader for Asia, Australia
Melbourne-based Bob Williams was previously a vice president with the broker for over two years. In his new role he will focus on developing insurance appetite from emerging tech companies.
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- September 20 2024
Taiping Re’s capitalisation to remain at strongest level: AM Best
The rating agency has affirmed its “A” (excellent) financial strength rating on Taiping Re (Hong Kong) and its wholly-owned subsidiary, Taiping Reinsurance (China) with a "stable" outlook.
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- September 20 2024
GIAJ guides Japanese insurers on cross-holdings, secondments and agency commissions
The industry body has published a series of guidelines for the scandal-hit sector in response to the report of the "advisory panel on structural issues and competition in the P&C industry" which was published on June 25.
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- September 19 2024
Health, EV insurance demand support China’s P&C sector ‘stable’ outlook: AM Best
The P&C sector's solvency ratios, which have stablised from the decline seen in 2022, also supports the outlook, the rating agency said.
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- September 19 2024
HDI Global appoints Michael Ahn as Hong Kong CEO as Daniel Lau steps up to a regional role
While Ahn as CEO will lead strategic growth of the Hong Kong branch office, Lau has been tasked to drive the specialty player's growth in international programmes.
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- September 19 2024
Markel taps Allianz’s April Tam as senior underwriter, PFR and cyber
Hong Kong-based Tam has also been named head of financial institutions in Asia, and reports to Asia Pacific CUO Kevin Leung.
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- September 19 2024
Global marine insurers bet on Asia amid growing geopolitical concerns
The International Union of Marine Insurance sees the region accounting for almost a third of the premium as an opportunity to grow its membership as war risks, sanctions and embargoes are affecting global shipping.
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- September 18 2024
Russian insurers provide cover for 60% of Moscow’s oil exports to India: report
Signals a growing role by Russian carriers such as Ingosstrakh to facilitate oil shipments to India, its biggest buyer, despite western sanctions.
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- September 18 2024
Axis hires Chubb exec to succeed Mark Gregory as head of global markets
Sara Mitchell will join the specialty (re)insurer in the role overseeing underwriting and business growth strategies for the company’s international retail business lines including APAC.
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- September 18 2024
Crawford launches dedicated logistics, transportation & freight division in Singapore
The service will address complex claims arising from the logistics and freight sector, requiring adjusters familiar with marine and transportation industries.
