Country: Asia Page 45 / 406
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- August 1 2024
Munich Re’s Ajeet Phatak takes over as CEO for Korea
Phatak, who was previously head of client management for Munich Re Japan, was appointed in the new role following a wider regional leadership reshuffle earlier this year.
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- August 1 2024
Axa Philippines elevates Ayman Kandil to CEO and president
Kandil, who was chief distribution officer for the carrier in Manila, will take on the new role in October replacing Bernardo Serrano, who will be transitioning to a new role within the group by end-September.
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- August 1 2024
MSIG Hong Kong bucks market trend with lower claims payout in stormy 2023
Claims settlement ratio for the general insurer also improved for the fourth straight year to 93.2%, as healthcare claims returned and property, motor-related claims climbed due to extreme weather events in September, said CEO Philip Kent.
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- July 31 2024
Samsung Re appoints Nitin Talwalkar as chief executive to steer regional expansion
With his appointment, the Singapore reinsurance arm of Korean insurer Samsung Fire & Marine is targeting expansion of its offerings across Asia Pacific.
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- July 31 2024
HKIA to charge intermediary licence fees from September 23
The fee will be applicable for insurance brokers and agencies applying for a new licence, renewing licence, adding a line of business and for approval of responsible officers.
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- July 31 2024
S&P Global upgrades Japan P&I outlook to ‘positive’ on strong capital position
Japan P&I will likely strengthen its capital level further and maintain solid profitability. Its has accumulated a large amount of free reserves in FY2023.
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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
Claims from Singapore oil spill set to exceed British Marine’s limit of liability
The International Oil Pollution Compensation Funds and the QBE-owned insurer have opened a claims submission office to facilitate compensation for those affected by the incident, according to a joint statement.
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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
India’s insurtech InsuranceDekho gets greenlight to offer reinsurance service: report
With the licence upgrade, the startup aims to use technology and data analytics to offer reinsurance services at competitive prices.
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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
Tune Protect CFO How Kim Lian to succeed Rohit Nambiar as group CEO
The Malaysian general insurer has also hired Pacific Insurance's Teoh Kek Pin as its new chief financial officer.
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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 29 2024
WTW Indonesia appoints Aon’s Kemala Putri Anandyta to head its construction and mining business
In her new role, Anandyta will work closely with the Indonesia team and regional construction and natural resources teams.
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- July 29 2024
Typhoon Gaemi triggers flooding and landslide in mainland China, leads to US$50m agri losses in Taiwan
Hundreds of thousands of people have been evacuated in multiple provinces of China with hundreds of chemical and mining companies suspending operations and train services stopped.
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- July 26 2024
Income parent assures of commitment to Singaporeans amid backlash over Allianz deal
Chairman of NTUC Enterprise, the largest shareholder, said that the US$1.6bn Allianz' offer will not alter its "social commitments", and that it will continue to be an active shareholder.
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- July 26 2024
Sompo China to sustain profitable underwriting: S&P Global
The rating agency has affirmed the carrier's 'A' long-term local currency financial strength rating and issuer credit rating with a stable outlook.
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- July 26 2024
China Re’s COR to improve in next two years on portfolio overhaul: S&P Global
The state-owned reinsurer's combined ratio will likely lower to 99% from the five-year average of 102.1%. The rating agency has also affirmed its "A" rating and "stable" outlook.
