Country: Asia Page 49 / 411
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- August 9 2024
Central Re’s non-life reinsurance leadership in Taiwan to sustain: AM Best
The rating agency has affirmed the financial strength rating of "A" (Excellent) with a stable outlook.
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- August 9 2024
Malayan Insurance’s underwriting to benefit from portfolio measures, retail growth: AM Best
The rating agency has affirmed its “B++” financial strength rating and “stable” outlook on the Philippines' non-life insurer.
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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 8 2024
Japanese insurers to raise fire insurance premiums from October: report
The big four plans to corporate premiums by up to 15% because of deteriorating profitability in their fire insurance line.
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- August 8 2024
Nepal’s Air Dynasty helicopter crash leads to US$1.4m total loss
The chopper was insured with Sagarmatha Lumbini Insurance, which already had four helicopter losses in the country in 2023, and Nepal Reinsurance is the reinsurer involved in the latest crash, IAN understands.
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- August 8 2024
Hiscox terminates sale of DirectAsia to Ignite Thailand
The deal was pulled due to failure in meeting customary conditions and regulatory approvals, however, the Lloyd's player said it is "exploring other options" for the Asian retail business.
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- August 7 2024
Munich Re, SBI General Insurance to lead Indian state’s parametric rainfall cover
The Nagaland State Disaster Management Authority has appointed the two as the lead reinsurer and insurer to enhance the North-Eastern Indian state's resilience against excess rainfall.
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- August 7 2024
Hyundai Insurance China outlook downgraded over operating losses, underwriting risk: AM Best
The rating agency has affirmed the insurer’s B++ (good) rating, noting that its risk-adjusted capitalisation has benefitted from the capital injection from strategic investors.
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- August 7 2024
NFRA releases rules to propel Shanghai’s role as international reinsurance hub
China's top financial watchdog announced the setting up of a US$4m fund to support reinsurance in targeted sectors, including aerospace, green shipping and semiconductors, and policy directions to attract more reinsurers to the free trade zone.
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- August 7 2024
Howden Re sets out long-term Japan plan, in no hurry for results: Kentaro Tada
The reinsurance broker that announced its market entry last month is eyeing life and ILS build-out in the country, says the newly installed CEO.
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- August 6 2024
MAS defends Allianz’s US$1.6bn cash offer for Income Insurance: report
The regulator's incoming deputy chairman Chee Hong Tat said during a parliamentary session that the central bank was satisfied with the process around the deal and that the potential deal won't adversely impact competition.
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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
Hyogo hail losses dampen Tokio Marine Japan P&C Q1 underwriting performance
The Japanese P&C insurer’s combined ratio deteriorated 5.9 percentage points year-on-year to 99.5% for the quarter ended June.
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- August 6 2024
Zurich Hong Kong elevates Lena Liu to head of middle market, commercial insurance
Liu, who has been with the carrier for more than 14 years, was most recently head of operations, international programs and captives.
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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 6 2024
WTW Japan appoints Marsh veteran Harunobu Hirose as head natural resources
The global broker continues its team build-out in the country with the appointment of Tokyo-based Hirose.
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- August 5 2024
Price Forbes Singapore appoints Honan CEO as chief broking officer
Coates will be responsible for developing Price Forbes' broking strategy and driving business growth across Asia Pacific.
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- August 5 2024
Miller expands Asia offering with new credit and political risk head
The specialist broker has hired Edward Cheak in Singapore from Texel to broaden its products in the region.
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- August 5 2024
Lockton hires Aon’s Amit Agrawal as India COO and CFO
Mumbai-based Agrawal has been Aon's chief financial officer and president since December 2018.
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- August 5 2024
Axa debuts parametric heatwave cover for Hong Kong, Macau outdoor workers
Insured individuals are eligible to receive a payout of US$12.9 each, or an ‘anti-heatwave kit’ of an equivalent value, without the need to submit claims or prove damage or loss.
