Country: Asia Page 8 / 399
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- February 13 2025
As Trump plays a ‘treacherous trade game’, tariffs solve nothing, leading underwriter says
Sean Dalton, vice president of the International Union of Marine Insurance (IUMI), says the rising risks of an all-out trade war between the US and China are a huge concern for insurers and clients.
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- February 12 2025
Samsung Fire & Marine FY24 insurance profit down 6% at US$1.3bn
South Korean carrier's motor insurance COR deteriorated to 98.3% in FY 24 from 96.6% last year, while the P&C business' loss ratio for the period worsened to 64.4% from 61% in FY23.
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- February 12 2025
Hannover Re promotes James Ng to Malaysia CEO
Kuala Lumpur-based Ng, who joined the reinsurer last year, was the carrier's head of property and casualty in Malaysia.
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- February 12 2025
Lockton Asia names Tony Hardy CEO as Warren Merritt steps down
Hardy will relocate to Singapore from London, while Merritt will return to Australia and will continue to work closely with a number of key clients.
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- February 12 2025
BDIC unveils crypto insurance platform as it readies for Asia launch
The crypto insurer will roll out first in key Asian markets, including Hong Kong, Singapore, Japan, Taiwan, and South Korea and targets Southeast Asian markets by Q4.
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- February 12 2025
WTW expands CRB business in Japan with Marsh hire
Kohsuke Komorizono joins as head of risk and analytics, reporting to Roy Nakazawa, head of Japan and corporate risk and broking in the country.
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- February 11 2025
Assurex Global bolsters APAC presence through Huatai partnership
Beijing-based Huatai, majority-owned by China Re, will join the broker's global network of over a hundred independent partners.
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- February 11 2025
MS Amlin launches credit, political risk offering in Dubai with India, MENA markets in sight
New business line will be led by Osama Elshiekh, senior underwriter for credit and political risk, reporting to senior executive officer for MENA Vipul Gupta.
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- February 10 2025
Allianz Commercial taps Aon’s Josephine Tam to lead financial lines, cyber in Asia
Singapore-based Tam was most recently regional director for cyber solutions and financial institutions at Aon.
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- February 10 2025
Liberty Specialty Markets’ Dipam Pandit handed expanded Asia role
Singapore-based Pandit named regional head of broker distribution with the global (re)insurer.
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- February 10 2025
Macau insurers prepare for costly RBC shift, advised to follow Hong Kong lead
As Macau gears up for the new risk-based capital regime set to replace the current solvency framework, domestic carriers may encounter operational hurdles and increased costs.
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- February 10 2025
BOC Aviation settles Irish lawsuits against insurers over stranded Russian jets: report
SMBC Aviation Capital has, meanwhile, reached settlements with Swiss Re and Scor Europe, two of the 18 insurers it is pursuing litgation against.
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- February 10 2025
MG Non-Life owner to move court as talks with union break down: report
Korea Deposit Insurance Corporation's sale of the insurer to Meritz Fire & Marine has been stuck over the labour union's opposition.
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- February 7 2025
India’s employees’ unions oppose ‘irresponsible, derogatory’ FDI hike: reports
All India Insurance Employees Association demands 'immediate' withdrawal of the proposal to increase the foreign direct investment (FDI) limit to 100%.
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- February 7 2025
Great Eastern General Insurance Malaysia names Jeremy Yeap as CEO
Yeap succeeds Ng Kok Kheng, who retired at the end of January having served as CEO for 17 years.
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- February 7 2025
Allianz Commercial promotes Horace Gon to deputy Hong Kong CEO
New role in addition to responsibility as head of financial lines for Hong Kong and greater China.
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- February 6 2025
KB Insurance income up 17.5% to US$676m in FY24
Long-term was the only line registering growth, while the Korean carrier's general business recorded a US$18.4m loss and its motor line fell 82.2%.
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- February 6 2025
Berkley expands in India’s GIFT City with CUO appointment
Ashaya Kantawala joins the carrier from Tata AIG, where he was national head for casualty lines.
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- February 6 2025
Arundo Re grows Asia business 33% at January 1 renewals
French reinsurer’s total GWP at the 1.1 renewals topped US$1bn.
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- February 5 2025
Aon: Asian market continues to soften, Japan bucks the trend
While most markets in the region saw up to 10% reduction in Q4, Japan had a 10% increase in rates, the broker's report said.
