Country: Asia Page 4 / 53
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- August 27 2024
Opinion: Mpox cases with deadlier strain send jitters across Asian P&C market
While the number of cases is still limited in the region, a potential spreading of the virus, especially the mutated clade 1b strain, could disrupt fragile supply chains already impacted by the curtailment of shipping in the Red Sea and result in potential BI losses.
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- August 26 2024
Complex claims in Asia set to dictate future adjusting demand: Crawford’s Reichelt
The growing scale and complexity of losses in Asia mean that the global loss adjuster is ready to respond to the demand for assessing high-value, technical claims as it continues to build out technical expertise in Singapore and tailor claims processing for clients in Japan.
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- August 21 2024
Lockton taps Howden’s Richard Turner as Asia head for market management group
In his new role, Singapore-based Turner will establish Lockton Asia's carrier management function by building and launching the market management group for the region.
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- August 19 2024
Billion-dollar losses from hail and wildfire put pressure on East Asian carriers
With Japan's Hyogo hail-related insured losses pegged at US$1bn and economic losses from Siberian wildfires estimated at US$84bn, regional underwriters are forced to reassess their exposures to secondary perils.
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- August 9 2024
Nexus strengthens Asia A&H reinsurance practice with Chubb hire
Low joins Nexus from Chubb where she was product manager, Bancassurance (Asia Pacific) for more than six years.
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- August 6 2024
Kieran Curtis returns to Aon as regional director, construction and infrastructure, Asia
Hong Kong-based Curtis will oversee the broker's construction and infrastructure business across Asia, reporting to Vincent Banton, regional head of construction and infrastructure.
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- August 6 2024
Insurers urge BI planning as Asian shippers buckle under supply chain pressure
Cascading impacts of geopolitical conflicts, extreme weather events and the Baltimore bridge collapse are testing the resilience of supply chains, with carriers warning of significant impact on the risks they cover.
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- August 2 2024
DDoS attacks expose Asia’s healthcare sector cyber defence loopholes: CyberCube
Cyberattacks are forecast to increase across APAC with India, China and Taiwan most targeted, with the recent attack on a Singaporean health tech firm showing that the country is increasingly under threat, according to CyberCube.
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- July 31 2024
Lockton names Sean Solis as Asia chief financial officer
Solis, who was overseas finance managerat the broker, will relocate from London to Singapore for his new role, which he is taking over from Christoph Alsleben.
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- July 30 2024
Sedgwick launches Asian energy claims solutions with two senior hires
Neil Best has been appointed as energy director while Liew Boon Tat joins as executive energy adjuster for major and complex loss in the loss adjuster's Singapore office.
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- July 30 2024
Delta Underwriting expands into accident and health business with HDI hire
Based in Singapore, Lisa Leow will lead the development of portfolio strategy and growth for accident and health (A&H) complementary to existing business lines.
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- July 30 2024
Asian renewables underwriting witnessing ‘positive shift’ in expertise and capacity
With more large-scale projects now “fully placed” in the region, the market needs to address regulatory and financing hurdles for local underwriting to flourish.
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- July 29 2024
Axa XL reshuffles Asia leadership new specialty and P&C heads
The specialty (re)insurer has appointed Todd Wilhelm as head of specialty, Asia, and Guillaume Parard as head of P&C for the region.
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- July 29 2024
Allianz hires Athena Fan from Axis Capital as head of liability for South-East Asia
Fan has relocated from Toronto to Singapore to assume her new role and will report to Ciarán O'Shaughnessy, regional head of liability for Asia Pacific.
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- July 25 2024
Allianz Commercial taps AIG’s Karlis Trops to head Asia cyber and tech PI
Trops has over 14 years of industry experience specialising in cyber and technology errors and omissions (E&O) insurance underwriting and risk assessments.
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- July 16 2024
Korea’s lithium fire sparks calls for global safety standards
Underwriting guidelines must consider various factors to price battery risks, including the quality of manufacture, testing and certification, and the separation and containment of units, especially in light of the Aricell factory fire.
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- July 12 2024
Berkley Insurance Asia promotes Hank Yeo to financial lines senior underwriter
Singapore-based Yeo has been with the insurer since 2020, focusing on directors and officers liability, professional liability, and investment management insurance.
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- July 11 2024
Asia carriers looking to extend renewables capacity as projects soar
Large and complex regional projects exposed to nat cat risks could still find it hard to secure insurance as they require specialist underwriting expertise from London markets.
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- July 8 2024
Insurers tap voluntary carbon market as Asia set to plug supply shortfall
With the global market projected to reach US$1trn by 2037, carriers are seeking ways to meet the growing demand for managing climate risks and consider the region crucial in bridging the carbon credit gap.
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- July 3 2024
Sedgwick promotes Aruna Chandrapalan to forensic accounting services partner in Asia
With over 20 years of experience, Chandrapalan has covered complex claims related to business interruption, forensic accounting, pre-loss reviews, product recalls and stock valuations.
