Country: Asia Page 25 / 408
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- December 10 2024
Korea’s Wise expands reinsurance team with two hires
The broker has hired Jae Bok Cheong as director and Yerim Park as assistant manager.
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- December 10 2024
Japan P&I Club announces 7% premium hike for 2025 renewal amid inflation and uncertainties
The increase applies for owners’ and charterers’ entries, while rates for Japanese coastal vessels and FD&D cover remain unchanged.
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- December 10 2024
Asian carriers must expand on renewables as climate losses exceed fossil fuels GWP
Insurers should use their influence on the traditional energy sector that only contributes 2% of the total premium to protect the remaining 98% of their business, say climate activists.
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- December 9 2024
China to ‘open up’ to foreign P&C players as part of industry reform action plan
The NFRA plan for the industry will also support the development of Hong Kong as an international financial centre.
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- December 9 2024
Miller powers up APAC energy team with Howden hire
The specilaist broker has hired Elizabeth McGonagle as head of power for the region based in Singapore.
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- December 9 2024
Exclusive: Marsh McLennan Hong Kong and Macau CEO Rohan Bhappu departs
Bhappu was given regional chief executive-level role last year as part of a group-wide senior management overhaul.
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- December 9 2024
Meritz Fire & Marine’s strong earnings to support its risk-adjusted capitalisation: AM Best
The rating agency has affirmed financial strength rating of ‘A’ (excellent) and a long-term issuer credit rating of “a” (excellent) of the carrier with a stable outlook.
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- December 9 2024
Exclusive: APAC head Simon Weaver to leave WTW
Singapore-based Weaver has been in charge of the broker's corporate risk and broking business for Asia Pacific since January last year.
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- December 9 2024
Aon elevates Titus Wu as associate director, Hong Kong reinsurance
Wu was most recently retrocession broker, Greater China for the firm.
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- December 9 2024
Starr Insurance appoints Gerald MacDonald as APAC CUO
Singapore-based MacDonald was earlier underwriter at Renaissance Re and Aspen Re.
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- December 9 2024
Fairfax-owned Singapore Re’s operating performance supported by prudent underwriting
The rating agency has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a” (excellent) for the reinsurer with stable outlook.
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- December 9 2024
Investment income key profitability driver for China Taiping Hong Kong: AM Best
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (excellent) for China Taiping Insurance (HK) with a stable outlook.
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- December 6 2024
China Taiping opens representative office in Dubai
The establishment of the office, located in DIFC, will help the carrier support Belt and Road initiative.
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- December 6 2024
Vietnam’s Petrolimex Insurance could see volatility ahead over Yagi losses: AM Best
AM Best has affirmed an insurer rating of B++ (good) with a stable outlook to PJICO.
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- December 6 2024
IFRS 17 readiness and implementation “not fit for purpose” for some APAC players
There are “specific pockets” where problems with IFRS 17 are still manifest in the Asia market, including aspects of reporting.
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- December 5 2024
Oona names FWD’s Praveen Paladugu as group agency distribution head
Paladugu will oversee agency distribution channels for the Warburg Pincus-backed carrier across Indonesia and the Philippines.
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- December 5 2024
D&O segment could see further volatility in 2025: Allianz
The overall market size will continue to retract, driven by rate erosion, smaller limits being purchased by customers, and very limited new opportunities given slow capital market activities.
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- December 5 2024
Malaysia’s floods trigger surge in home and commercial property claims
The event has also led to significant agricultural and infrastructure losses estimated at US$224m and affected hundreds of thousands of households.
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- December 5 2024
Generali to exit Philippines life insurance business
Insular Life Assurance Company will buy the Italian carrier's unit, with completion expected by H1 2025.
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- December 4 2024
QBE Asia elevates Klaas Dijkstra to chief operating officer, Asia
Hong Kong-based Dijkstra will lead strategy development, business transformation, and data & analytics initiatives across Asia.
