Country: Asia Page 77 / 471
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- February 27 2025
Japan’s deadly heavy snow likely to lead to property, BI claims with limited exposure
Regional loss adjusters tell IAN that record snowfall in Niigata, Ishikawa and Nagano prefectures, as well as other areas of Japan, has already led to travel delays, car accidents and property damage.
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- February 27 2025
Swiss Re CorSo unveils market units structure, names Robert Hunziker Asia head
Kevin Bates has been designated market unit head for Australia and New Zealand with the new organisational structure set to roll out from June 1.
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- February 27 2025
Hong Kong’s Nova Insurance H1 FY25 revenue up 8.3% to US$8.1m
Broker expects to record 'very substantial growth' in H2, as revenue from the purchase of Beijing Nova Insurance Services will be counted.
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- February 27 2025
Exclusive: Circles Group hands Julie Quach, Kenneth Tan expanded roles as Asia co-regional directors
Quach is in the process of being appointed Hong Kong responsible officer, while Tan has assumed the role of responsible officer for Singapore.
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- February 27 2025
QBE Asia makes wholesale market foray with Ronak Shah as CEO
Shah will retain his position as CEO of QBE Singapore until his successor is found.
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- February 27 2025
First for APAC as Canopius backs Qubit on digital asset offering
The Hong Kong-based crypto specialist MGA has been approved as a Lloyd's coverholder to distribute digital assets insurance in Asia Pacific.
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- February 27 2025
As ‘direction of travel’ shifts, attention turns to APAC terrorism pools in wake of UK changes
Decision by Pool Re to move to a more commercial model poses questions for Australian and Indian schemes.
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- February 26 2025
Seadrif to establish Southeast Asia agricultural risk finance facility through Asean partnerships
Southeast Asia Disaster Risk Insurance Facility and Food and Agriculture Organization of the United Nations will conduct a pre-feasibility assessment and work with six countries to assess gaps and implement arrangements for climate investments.
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- February 26 2025
Insurance Authority welcomes ILS pilot grant scheme extension in Hong Kong budget
Government extends scheme for insurance-linked securities (ILS) for three years, following 'favourable' response, Financial Secretary Paul Chan says.
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- February 26 2025
Zurich promotes Alex Todd to APAC CUO
Singapore-based Todd has been with Zurich since August 2023, having joined from Chubb.
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- February 26 2025
Markel continues marine expansion with Singapore hull, war lead hire
Galvin Hu, who will report to head of Singapore Wanshi Lin, will be responsible for spearheading the specialty carrier's underwriting strategy in APAC.
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- February 25 2025
Gallagher promotes Australia, Asia chief Sarah Lyons to global specialty CEO role
She will take over the London-based role from current CEO Jonathan Turner, who is leaving the business.
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- February 24 2025
Sompo reshuffles APAC commercial lines team in Singapore, Hong Kong
Kelly Koh, Victoria Soo and Szeto Ophelia will be 'instrumental in driving their respective lines of business across the region', according to the carrier.
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- February 24 2025
Nepal’s Himalayan Re to generate ‘positive’ FY24 underwriting margins: AM Best
Rating agency affirms financial strength rating of B+ (Good) and a long-term issuer credit rating of bbb- (Good), with a stable outlook.
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- February 24 2025
Exclusive: Axa XL names Alok Shukla as India reinsurance branch CEO
Shukla will join from Munich Re on April 1, with ex-CEO Joseph Augustine supporting the transition as senior advisor until the end of March.
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- February 24 2025
Munich Re names Hanh Nguyen head of treaty P&C underwriting for Southeast Asia, India
Nguyen has been deputy head since July, and will succeed Joachim Zagrosek on March 1.
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- February 24 2025
WTW hands Joule-Tobias Howard new role as lead fac broker in Asia
He has been with the broker for almost eight and a half years, and was most recently head of pacific property for Asia.
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- February 21 2025
Hyundai Insurance’s FY24 underwriting income slumps 22% to US$245m
Commercial business' underwriting income more than doubles, while long-term lines grow by 247.6%.
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- February 21 2025
DB Insurance underwriting profit up 4.5% to US$1.1bn
Underwriting profit went up only because of the commercial line performance that saw a US$71m profit compared with US$85m loss last year.
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- February 21 2025
Samsung Fire & Marine’s expects ‘no impact’ on profits, capital after rejig: report
Samsung Life is seeking to make the South Korean non-life insurer its subsidiary and clarified that it has no plans to expand its holdings.
