Country: Asia Page 65 / 403
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- February 29 2024
Sompo Japan chairman to step down over Bigmotor scandal: report
Keiji Nishizawa's impending resignation would be the third from the group following the company’s involvement in the Bigmotor scandal.
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- February 29 2024
IG P&I CEO: Asia remains a core and growing part of the clubs’ operations
The region has been the fastest growing for the industry for three decades and the sector recognises the need to provide services where they are located, Nick Shaw tells IAN.
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- February 29 2024
Shipowners, IOPC settle over 8000 claims one year after MT Princess Empress oil spill
The newest estimate of total damage to environmental and coastal communities exceeds US$731m, including environmental losses of US$712m and socioeconomic losses totalling US$19.5m.
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- February 28 2024
Hong Kong reiterates pledge to develop as ILS hub in 2024-25 budget
The city's financial secretary repeated its goal of developing insurance-linked securities such as cat bonds, and attracting captives as key to developing its specialty insurance market.
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- February 28 2024
Fusion Specialty announces new APAC M&A leader
Tokyo-based Steven Harwood has taken charge as APAC managing partner for the specialist MGA, overseeing operations from New Zealand to India.
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- February 28 2024
Gallagher plans APAC fac buildout with Singapore, Sydney hubs
The broker, which is hiring a new team in the hub, wants to support the underwriters locally while writing business from around the world as it brings the offering under one international platform, according to Malcolm Payton.
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- February 28 2024
Aon names Tracy-Lee Kus as head of North Asia
Singapore-based Kus will assume the new role in addition to her current position of head of commercial risk solutions, Asia Pacific.
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- February 27 2024
Allianz Malaysia’s 2023 non-life GWP up 13.1% on higher motor premium
Profit before tax for the general business rose 7.9% to US$116.4 million, while COR edged up to 85.7%.
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- February 27 2024
Indian regulator approves Aon’s acquisition of Global Insurance Brokers
Aon and GIB will continue to operate independently until the transaction is completed in the coming months.
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- February 27 2024
Crawford appoints Wong Tai Onn as regional head for southern Malaysia
Reporting to country manager Nathan Hannah, Johor Bahru-based Wong will lead a team focused on claims that are incurred around southern peninsular Malaysia.
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- February 27 2024
Allianz Insurance Lanka promotes Prashant Grover to CEO
Grover assumed his new role from February 1, taking over from Alan Smee who is leaving the company for personal reasons.
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- February 27 2024
Tokio Marine Group earnings to improve on overseas profits: S&P Global
The rating agency affirmed the A+ rating of the Japanese group's core subsidiaries and the A-1 rating of Tokio Marine & Nichido Fire (TMNF) with a stable outlook.
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- February 26 2024
Hyundai Insurance’s FY 2023 underwriting income slumps 61% to US$395.2m
The Korean carrier's results took a hit from a 77.2% reduction in the underwriting income of long-term business and an 18% dip in commercial lines.
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- February 26 2024
Allianz Asia Pacific’s property & casualty FY2023 operating profit up 26%
P&C contributed about one-fifth of the global insurer’s operating profit from the region, where operating profit rose 33%.
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- February 26 2024
QBE appoints Swiss Re CorSo’s Vicgi Au as recovery manager for Asia
Kuala Lumpur-based Au will deliver recovery services, minimise claims loss cost, and work with cross-functional teams to optimise complex recoveries.
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- February 26 2024
Taiping Re may post FY 2023 underwriting loss on Turkey, Hong Kong cat exposures: Fitch
Higher retentions, reduced excess-of-loss coverage and increased retro cost are weighing on the reinsurer's performance, with its COR for the first half up at 106%.
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- February 26 2024
Markel appoints Ng Yao Hua as cyber security analyst in Singapore
Ng will support Markel’s cyber underwriting capability in the region, reporting to Simon Moi, head of professional and financial risks for Asia.
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- February 26 2024
Zurich to buy Kotak General Insurance’s 70% stake upfront in US$671m amended deal
The Swiss carrier had originally announced a staggered purchase – a 51% stake in the Indian insurer first and an additional 19% within three years.
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- February 26 2024
IRDAI retains 4% obligatory cession for upcoming renewals
The cession, a percentage of the sum insured on all general insurance policies, has to be placed with the sole India reinsurer, the state-owned GIC Re, for FY 2025 starting April 1 this year.
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- February 26 2024
WTW hires new APAC captives lead from Aon
Singapore-based Joyce Chua will provide captive and risk finance insights helping companies retain risk and manage their (re)insurance programs.
