Country: Asia Page 66 / 444
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- November 13 2024
Maybank considering options for Ageas’ minority stake in Etiqa: report
The Malaysian bank may look to replace the Belgian insurer with another minority investor or buy out its minority stake.
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- November 13 2024
Specialty carriers swoop for APAC’s emerging A&H opportunity
The market is seeing an uptick in demand and rate correction in the region due to economic growth, demographic trends and inadequate public healthcare.
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- November 12 2024
Tokio Marine Asia appoints Marsh’s Riky Parulian Silaen as marine cargo underwriting head
Jakarta-based Silaen was most recently manager for marine, cargo and logistics for the broker.
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- November 12 2024
Howden expands in Hong Kong with Storfield acquisition
The SAR-based broker has a specialist focus on bloodstock, fine art, luxury vehicle and yacht insurance.
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- November 12 2024
Amit Ganorkar returns to Tata AIG as managing director and CEO
Ganorkar, who was previously the chief operating officer of the Indian insurer, takes over from Neelesh Garg, who resigned last month.
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- November 12 2024
AIG Korea takes Aon’s Han Bit Kim as financial lines underwriter
Seoul-based Kim was most recently manager for the broker focused on the dynamics of large complex insurance policies.
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- November 11 2024
China’s ZhongAn’s operating performance is subject to investment volatility, business risk: AM Best
The rating agency affirms financial strength rating of A- (excellent) and long-term issuer credit rating of “a-” (excellent) to the carrier with a stable outlook.
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- November 11 2024
SIRC: Reinsurers look to consolidate underwriting gains while tapping into fast-growing APAC
As renewals conference season draws to a close with the Singapore event, IAN brings you the reinsurance gather's key takeaways and what they mean for upcoming renewals.
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- November 11 2024
Time for India to allow 100% FDI in insurance: IRDAI
A unified license for insurers is in the works, and the country’s government is looking into recommendations made by the Insurance Regulatory and Development Authority of India.
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- November 8 2024
Sinosure limits trade credit insurance for exports to Russia: report
The Chinese state-owned carrier has reportedly started refusing to insure supplies against the risk of non-payment to Russia fearing payment disruptions and secondary sanctions.
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- November 7 2024
Singapore minister clarifies Allianz-Income deal halt following “misperceptions” on government’s role
Minister for Law K Shanmugam said it is not true that the government “blessed” the deal only to reverse its decision later.
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- November 7 2024
India’s Shriram General Insurance plans to list in 2-3 years: report
The firm is also planning to re-enter the crop insurance market, seven years after it exited the business, and intends to reduce reliance on motor line.
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- November 7 2024
The Hartford makes Singapore foray with Axa XL hire
Zhenghong Pan will join the specialty carrier in Singapore as principal officer and underwriting manager, financial lines.
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- November 7 2024
Asian cyber market needs local expertise: Guy Carpenter’s Cordonnier
While there is no question on the potential for cyber growth in the region, for take-up to increase the market needs to develop products that are relevant to local clients.
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- November 7 2024
Asian specialty losses to be reflected in renewals: Swiss Re
The reinsurer’s specialty CUO Anne Lohbeck says engineering, inherent defect, cyber and credit & surety are growth drivers for APAC specialty book.
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- November 7 2024
Axa XL plans Asia ‘acceleration’ as it looks to double portfolio by 2026
The carrier eyes significant growth opportunities across India, China, Thailand and Indonesia as it plans to cement its position as a leading regional player.
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- November 7 2024
Indian reinsurers shifting towards enhanced domestic capacity and innovation: JB Boda
Domestic carriers are seeking partners who can offer capacity, support growth, advanced analytics and broad-based expertise, said Rohit Boda.
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- November 6 2024
Xiaomi joins BNP Paribas, Volkswagen to enter Chinese non-life market
The country’s regulator has approved Beijing BNP Paribas Tianxing Property & Casualty Insurance as three-way JV between the smartphone maker's financial services arm, the French banking group and the carmaker's local lending arm.
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- November 6 2024
Charles Taylor announces 20% increase in Malaysia workforce, additional branch network plans
The loss adjustor aims to strengthen its offering in property, liability, construction and engineering, and motor lines across the Malaysia branch network with offices in Penang, Perak, Pahang, Melaka, Johor, Sabah and Sarawak.
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- November 6 2024
Dubai emerges as a key player in the growing APAC (re)insurance market
While Singapore remains a formidable player in the global insurance market, its limited proximity to MENA markets may hinder its growth compared to the emirate.
