Country: Asia Page 80 / 394
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- September 8 2023
AIG hires BHSI’s senior exec Kathleen Warden as head of client and broker engagement, APAC & Australia
She will continue to be based in Sydney and is scheduled to begin the new assignment with effect from September 12.
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- September 7 2023
Vesttoo investigation blames CEO, 3 senior execs, China Construction Bank and Standard Chartered staff for fraud
Interim CEO says it plans to sue the former employees named in the report and the Chinese bank, according to a first interim report with the US court identifying the people behind the forged letters of credit.
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- September 7 2023
Seoul Guarantee Insurance plans Hong Kong, Singapore IPO roadshows
The state-owned insurer plans to hold domestic and international investor meeting till the middle of next month for listing as early as November.
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- September 7 2023
Chubb Singapore’s Jerry Ng to lead consumer and bancassurance, Eric Kwan handed distribution role
Both Ng and Kwan will report to Hng Keng Yoong, GI country president for Chubb, in their expanded roles.
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- September 7 2023
Analytics: Chinese P&C carriers focus on agri, liability offerings in acceleration away from motor
- Analytics
- Agriculture
- China
- China Continent P&C
- China Pacific Insurance P&C
- PICC Property and Casualty
- Ping An
- Sunshine Insurance
Improved underwriting results, new products and a push from the government are driving growth, but an uncertain economic outlook has seen carriers rush to pare credit surety exposures.
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- September 7 2023
Lloyd’s Lab’s 11th cohort has focus on APAC climate, cyber and sustainability
Four insurtechs joining the programme will focus on developing solutions to some of the biggest risks faced by businesses and communities in the region.
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- September 6 2023
NorthStandard appoints Jack Marriott-Smalley as head of South-East Asia Pacific
Singapore-based Marriott-Smalley was regional underwriting director for the company since 2021.
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- September 6 2023
Peak Re | Unlock the potential of South-East Asia insurance markets
Multiple positive growth drivers underpin optimism about the insurance outlook of the region.
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- September 6 2023
‘Little-known’ insurers likely stepping in to provide dark fleet cover: sources
While it is legal to provide insurance to Russian oil shipments despite sanctions, the question is do these insurers have reserves to pay for catastrophic events.
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- September 6 2023
Exclusive: Nova Insurance promotes Patrick Chan, hires Joseph Lee
Chan joined the Hong Kong broker two decades ago, while Lee was most recently distribution officer at Blue-Cross Asia Pacific.
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- September 6 2023
British Marine strengthens Asia P&I underwriting team with two hires
Sebastian Tjornelund (pictured) joins as head of P&I underwriting, Asia, while Jamie Baggett becomes a senior underwriter.
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- September 5 2023
Allianz Commercial names Gany Subramaniam as Asia distribution head
Singapore-based Subramaniam was most recently regional head of commercial sales at Allianz Asia Pacific.
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- September 5 2023
Reinsurance rates to rise further across all lines in 2024: Moody’s
Demand for reinsurance to remain flat as cedents do not plan to purchase additional protection, mainly because of its high cost, a survey by the rating agency shows.
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- September 5 2023
BHSI makes Edwin Sim executive & professional lines head in Singapore
Sim will report to Scotland Walsh-Riddle, BHSI's Hong Kong-based regional head of executive & professional lines.
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- September 5 2023
Tokio Marine Kiln lands Joe Pickford as aviation underwriter in Singapore
Pickford, who joins from Gallagher, will focus on providing bespoke solutions for clients and brokers.
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- September 5 2023
Vincent Banton joins Aon as Asia head of construction and infrastructure
Singapore-based Banton reports to Asia head of commercial risks Paul Young and joins the global construction and infrastructure leadership team.
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- September 5 2023
Market rebound, XOL to drive APAC aviation rates, cover despite capacity flux
The market is relatively flat for hull and liability but material changes are being seen in war risks and a ‘natural increase in premium' is likely with a recovery in general aviation activities.
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- September 5 2023
Christine Mau rejoins Zurich as head of its claims express hub
Mau, a former management trainee at the global insurer, will help 'oversee efficient claims processing'.
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- September 5 2023
China’s (re)insurance sector’s solvency ratio ‘adequate’ at Q2 2023: NAFR
At the end of the second quarter, the total assets of China's insurers and reinsurers were up 7.6% from the start of the year to US$4tn.
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- September 4 2023
Malayan Insurance’s long-term issuer rating downgraded: AM Best
The largest Filipino P&C carrier's five-year average COR up 1.4 points at 102.8% with capital adequacy under negative pressure after increased net retention following changes to its 2023 reinsurance programme.
