Country: Asia Page 83 / 418
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- February 8 2024
AIG promotes Scott Spaven as chief executive for Singapore
Spaven has been promoted to the top job from head of commercial insurance & client and broker engagement in Singapore.
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- February 8 2024
Fosun revives Peak Re sale process: report
The Chinese conglomerate has mandated BNP Paribas to find a buyer for a majority stake in the business and is seeking a US$1bn valuation, a Bloomberg report said.
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- February 8 2024
Aon hires head of cedent facultative from Howden Specialty
Based in Singapore, Jack Eccles will be in charge of leading and developing the broker's cedent facultative proposition.
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- February 8 2024
WTW appoints Starr’s Ryohei Nakazawa as Japan head
Based in Tokyo, Nakazawa will start on April 1 and will also head the broker's corporate risk and broking team.
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- February 8 2024
Panama Canal drought exacerbates supply chain woes for shippers hit by Red Sea troubles
Marine insurers fear further delays as canal disruptions impact Asian trade routes and the global supply chain as vital Asian goods remain gridlocked, say IUMI executives.
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- February 8 2024
Chubb elevates Christina Wong to Asia CUO for casualty
Hong Kong-based Wong was most recently casualty manager, Greater China.
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- February 7 2024
Indian government panel proposes composite licencing in insurance: report
The committee has also proposed a reduction in goods and service tax rates from the current level of 18% for health and term products.
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- February 7 2024
Pacific Prime acquires Malaysia’s MIT Insurance Brokers from Johor Corp
The deal between the global insurance brokerage and Malaysia's state development corporation will see MIT Insurance Brokers integrate into Pacific Prime Consultants Malaysia.
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- February 7 2024
Indian competition regulator approves Zurich’s acquisition of Kotak Mahindra General Insurance
The watchdog has approved the 51% stake buy announced in Nomber last year as well as the global carrier's proposal to acquire an additional 19% within three years of deal completion.
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- February 7 2024
Opinion: The Asia nuclear conundrum
Despite nuclear energy booming in all major APAC economies, the region has not yet adjusted to the new risk reality and there is a need for a capacity influx and capital markets-led solutions to cover the rapidly-changing risks.
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- February 7 2024
Lao renews parametric flood cover from Seadrif Insurance with lower thresholds
The parametric policy, which was first purchased by the government in 2021, as been expanded from 2 levels to 4 levels and thresholds lowered, providing flexibility to address varying risk scenarios, the Asean insurance platform said.
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- February 6 2024
Zurich promotes Clement Hau to Hong Kong CUO
Hau, who succeeds current chief underwriting officer Anthony Seeto, will start in his new role on February 26.
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- February 6 2024
AM Best removes Fubon Insurance from “under review” on recovery from Covid-19 losses
The rating agency has removed the carrier from "under review with negative implications", but assigned "negative" outlook due to its exposure to reinsurer credit risk.
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- February 6 2024
Indonesia’s tougher minimum capital rules for (re)insurers to drive consolidation: Fitch
About 62% of Fitch's rated carriers, all non-life and reinsurers, will need to raise new capital to meet the minimum equity requirement, which could unleash a wave of M&A.
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- February 5 2024
Swiss Re names cyber leadership roles for Asia and the UK
Giv Kahrom joins as head of cyber Asia as the global reinsurance group expands its treaty client base.
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- February 5 2024
Malaysian Re’s ‘business remodelling’ to bring product and distribution diversification: AM Best
The rating agency has reaffirmed the reinsurer's A- (excellent) with a stable outlook.
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- February 5 2024
Aon ‘doubling down’ on India with treaty team build out
George Attard, APAC head of reinsurance, and India CEO Jon Pipe outline the broker's ambitious plans for the region's fastest-growing insurance market in an exclusive chat with IAN.
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- February 5 2024
Taiwan non-life sector returns to profitability in 2023
Pre-tax profit for the non-life sector totalled US$557m as the drag from Covid-19 related losses eased.
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- February 1 2024
Sunshine P&C Insurance to sustain underwriting profits, stable outlook: Fitch
The P&C arm of listed Sunshine Insurance Group should be able to sustain profits in the near-term due to tighter risk selection and reduced guarantee business.
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- February 1 2024
Sri Lankan insurers’ profitability to worsen by new motor directive: Fitch Ratings
A new directive for insurers to remit 100% strike, riot, civil commotion and terrorism premiums to a state agency will raise COR by 5-10 percentage points.
