Country: Asia Page 78 / 433
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- June 24 2024
MS First Capital appoints Vikas Shukla as CEO
He assumes the role at the MSIG Asia company following the passing away of chief executive Ramaswamy Athappan last month.
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- June 24 2024
InsuResilience expands India parametric rainfall cover with further premium support
In 2020, ISF co-funded the development and implementation of the excess rainfall cover for India north-eastern state of Nagaland.
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- June 21 2024
China Re extends US$85.4bn cover to Belt & Road projects via reinsurance pool: report
Through China Belt & Road (B&R) Reinsurance Pool, the reinsurer has been providing risk protection to over 1,000 Chinese corporates' offshore projects over the past three years, president Zhuang Qianzhi says.
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- June 21 2024
Chinese insurtech Huize to buy controlling stake in Vietnamese startup Global Care
The deal marks Nasdaq-listed Huize's foray into the South-East Asia market and will introduce VinaCapital as a strategic shareholder of the Shenzhen-based insurtech.
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- June 20 2024
Japan hailfall insurance payout reaches US$356m: GIAJ
The hail that affected Hyogo prefecture in April saw insurers settling 98% of the total 122,152 accepted as of May 31, according to GIAJ.
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- June 20 2024
Girija Subramanian takes over as New India Assurance chairperson and managing director
She was formerly the CMD of Agriculture Insurance Company of India.
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- June 20 2024
China’s financial regulator chief outlines growth blueprint for insurance sector
Li Yunze, head of the National Financial Regulatory Administration, said the watchdog will soon announce measures on further promoting the reinsurance trading platform of the Shanghai Insurance Exchange.
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- June 20 2024
Lockton Singapore appoints new chief operating officer
Lena Tsia, who was previously the CEO of Cigna Singapore, reports to both Singapore chief executive Fred Boles and regional chief operating officer Phil Corrigan.
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- June 20 2024
Tackling data biases and low transparency key to AI adoption
Predictive modelling and machine learning hold big promises for improving accuracy of P&C underwriting, but risks such as AI’s black box problem and costs could impede their use.
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- June 20 2024
Japanese carriers walk a thin line on ESG underwriting: Fitch
While the major non-life insurers have incorporated sustainability considerartions, they may face pressure from foreign investors who consider them inconsistent with global environmental standards.
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- June 19 2024
Marsh launches new climate adaptation and resiliency centre in Singapore
With a team of over 100 executives based in Asia, the centre aims to help private companies adapt to extreme climate events and play a more active role in funding for climate adaptation initiatives.
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- June 19 2024
Zurich completes acquisition of 70% stake in Kotak General Insurance
The transaction is the largest foreign investment in India’s general insurance market and the first by a foreign insurer since the FDI limit was raised to 74%, according to the global carrier.
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- June 19 2024
QBE elevates Jeremy Lau to Asia chief underwriting officer
Hong Kong-based Lau will report to Asia chief executive Robert Kosova and the carrier’s international chief underwriting office Nick Hankin.
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- June 19 2024
Japanese non-life carriers’ FY 2024 ordinary profits more than doubled: FSA
The total net premiums written by the big-three Japanese insurance groups combined stood at US$81 billion for the fiscal year ended March 2024, data from the regulator shows.
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- June 19 2024
Qubit ventures beyond digital assets with new CUO for reinsurance
The Hong Kong MGA has hired reinsurance veteran Xu Long executive vice-president and will start offering marine and energy products from next month.
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- June 19 2024
WTW’s Asia specialty build-out targets region’s complex risk landscape
The broker aims for deeper specialist insights to tailor solutions for emerging challenges like geopolitical risks, climate change, AI, and inflationary pressures, says Luke Ware, Asia head of corporate risk and broking.
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- June 18 2024
Canopius taps Axa XL’s Mark Houghton as global specialty product leader
In the newly created role, Singapore-based Houghton will oversee governance, performance and standards for the Lloyd's syndicate's speciality lines.
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- June 18 2024
Exclusive: NorthStandard, British Marine face losses from Singapore oil spill
The loss following the dredger Vox Maxima hitting bunkering vessel Marine Honour could become an IG P&I Clubs pool claim if the dredger is found liable.
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- June 17 2024
Chinese insurtech Yuanbao eyes US listing
The Beijing-based online broker is seeking approval from China's securities watchdog to issue up to 64.5 million shares on a US stock exchange.
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- June 17 2024
Allianz Korea elevates Jin Kim to head of natural resources and construction
Seoul-based Kim has been at the German insurance group for five years as a senior property underwriter.
