Country: Asia Page 8 / 403
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- March 6 2025
Hannover Re shakes up Asia L&H leadership with new roles for Soeren Kruse, Niall Mulvey
Kruse, who was former Malaysia CEO, now leads southern and eastern Asia, while Ireland-based Mulvey takes charge of greater China.
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- March 6 2025
Greater Jakarta floods submerge houses, malls and shut factories
Widespread damage to transportation, hospitals, commercial areas, warehouses, offices, and thousands of houses reported, according to McLarens.
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- March 6 2025
Gallagher India appoints broker Arundas C K as associate director
Bengaluru-based Arundas joins Gallagher from Prudent Insurance Brokers, having also worked for Tata Motors Insurance Broking and Advisory Services and Marsh India.
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- March 6 2025
MSIG Singapore hires Darren Say to lead broker development
He joins having spent over five and a half years at Chubb, having also worked for the likes of QBE, Axa and Aon.
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- March 5 2025
Marsh Taiwan appoints veteran Arthur Lee as president
He has been with Marsh for almost 28 years, and most recently held the role of senior vice president.
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- March 5 2025
M Pallonji Group-led consortium applies for Indian general insurance licence: report
Group appoints Aditya Sharma, chief distribution officer at Bajaj Allianz, as CEO of proposed venture, according to the The Economic Times.
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- March 5 2025
Jacquelynn Chuc returns to AIG as A&H regional underwriter manager for Asia
She brings over 20 years of technical underwriting expertise, having served at Chubb Australia and Singapore in various A&H underwriting roles.
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- March 5 2025
Seoul Guarantee prices IPO at bottom end of range to raise US$124m
KDIC-owned surety and credit insurer will offer shares at US$17.8 apiece and will start trading on March 14.
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- March 5 2025
Axa XL names Sylvie Gleises Asia CEO, replaces Gilles Fromageot
She will continue to serve as CEO for Axa XL Singapore insurance operations having joined AXA Group in 2006.
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- March 4 2025
Lockton taps Jay Sharma as regional head of specialties, Asia
Sharma will relocate to Singapore from New York and report directly to Asia CEO Tony Hardy, having previously worked for Marsh, Aon, and WTW.
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- March 4 2025
IRDAI extends 4% obligatory cession for FY26 renewals
Cession applies to policies attaching in the FY26, and will be placed with GIC Re.
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- March 4 2025
Thailand’s Allianz Ayudhya targets 12% premium growth amid product expansion
The carrier will focus on health, SME and home products, while also growing Allianz Commercial's property, engineering, transportation, and liability offerings for large businesses and corporates.
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- March 4 2025
Japan’s FSA to investigate life carriers’ reinsurance deals with global funds: report
Regulator is concerned about the concentration of reinsurers operating in Bermuda as the trend gains momentum ahead of a new solvency regime being introduced on April 1.
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- March 4 2025
Mitsui Sumitomo eyes global cyber expansion with US$30m Coalition investment
Funding builds on the Japanese insurer's strategic partnerships with the cyber specialist MGA in Australia and Japan.
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- March 3 2025
Mercer Taiwan president Terence Hsu takes on expanded role as Marsh McLennan Taiwan CEO
Follows Seth Peller's appointment as CEO of Marsh McLennan for Hong Kong and Macau.
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- March 3 2025
Portfolio rejig improving underwriting margins for India’s second-largest non-life general insurer: AM Best
Global ratings agency confirms financial strength rating of B++ (Good) and a long-term issuer credit rating of bbb+ (Good) for ICICI Lombard General Insurance Company.
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- March 3 2025
Allianz Malaysia’s FY24 general insurance GWP rises 13.8% to US$775m
But insurer refrains from issuing profit forecast or guarantee for FY25.
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- March 3 2025
Aon completes acquisition of Mitsubishi Chemical’s in-house agency business in Japan
Aon will provide corporate and personal lines insurance to MCG companies and its employees in Japan.
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- March 3 2025
Allianz Commercial appoints Rosa Ficarra as APAC ART head
Ficarra will relocate from London, and be responsible for new and renewal alternative risk transfer (ART) business in Asia and Australia.
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- March 3 2025
Chubb to buy Liberty Mutual’s P&C arms in Thailand, Vietnam
Two Liberty insurance businesses produced approximately US$275m in net premiums written in 2024.
