Country: Asia Page 87 / 433
-
- April 22 2024
TSMC’s earthquake losses estimated at US$92m
The Taiwanese chipamaker said the loss is net of insurance claims and that damage was mostly to inventories and equipment, according to a stock exchange filing.
-
- April 19 2024
Axa XL hires Jack Hullah as Asia underwriting manager for political risk, credit & bond
Hullah will focus on expanding the company's political risk, credit platform in Asia, after joining the insurer from Mitsubishi UFJ Financial Group.
-
- April 18 2024
Exit-bound Lotte Insurance owner shopping for overseas private equity buyers: report
South Korea’s JKL Partners is reportedly in talks with JC Flowers to sell the Korean non-life carrier in a sale process run by JPMorgan.ts valuation.
-
- April 18 2024
ICICI Lombard’s FY 2024 underwriting losses up 10% at US$1.2bn, COR dips to 102.2%
The Indian general insurer's GWP grew by 17.5% US$3bn and net profit was up 11% year-on-year.
-
- April 18 2024
Hong Kong’s national security law eases US$100m political violence concerns
The new law has lowered concerns of exposure to another event akin to the 2019 protest, still (re)insurers haven't relaxed underwriting considerations.
-
- April 18 2024
Asia accounts for 40% of nat cat economic losses in Q1: Gallagher Re
Driven by the Noto Peninsula earthquake, Asia had US$17bn in losses for the first three months of the year, making it the only region with above-average Q1 losses.
-
- April 18 2024
Korea to provide US$5bn trade cover for defence exports
South Korea has emerged as a leading exporter of defence systems over the past few years with several billion-dollar export deals for fighter jets, armoured vehicles and missile interceptors.
-
- April 17 2024
SBI General Insurance appoints Nainoor Desai to head corporate business
Mumbai-based Desai will focus on leading and driving business for the carrier and succeed Meena Subramanian, who will be retiring this year.
-
- April 17 2024
India mulls GST exemption for reinsurance: report
The GST Council is likely to issue a clarification that reinsurance is not a supply of service, which will ease the tax burden.
-
- April 17 2024
Taiwan’s Financial Supervisory Commission announces Peng Jin-lung as new chair
Peng, who has previously served in the regulator's insurance bureau and was involved in the drafting of the Insurance Act, will assume the top job on May 20.
-
- April 17 2024
Everest appoints David Ho as head of financial lines, Asia
Singapore-based Ho has more than 20 years of experience specialising in financial lines and has worked across New York, California, Hong Kong and Singapore.
-
- April 17 2024
Ryan Thomas rejoins AIG in Singapore to head APAC financial lines
Thomas will leverage his work experience in New York and Sydney to focus on growing the insurer’s strategy in the Asia Pacific region.
-
- April 17 2024
Crypto specialist Qubit appoints QBE’s Wendy Lee as chief commercial officer
In her new role, first reported by InsuranceAsia News last week, Lee will be responsible for the Hong Kong's specialist MGA distribution strategy and implementation.
-
- April 17 2024
Dali ship owner declares general average for Baltimore bridge allision
The shipowner has appointed Richards Hogg Lindley/Charles Taylor (Japan) as general average adjusters.
-
- April 16 2024
Sedgwick hires Charlotte Lau from Crawford to head Asia’s customer operations
Sydney-based Charlotte Lau will support Asia's chief operating officer Stephen Kerr, and the region's chief client officer Nicki Dunn to enhance customer service processes and innovation.
-
- April 16 2024
Markel appoints Priyanka Gautama as chief underwriting officer for India
Mumbai-based Gautama will focus on developing a new casualty portfolio for the Lloyd's carrier in India.
-
- April 16 2024
Fitch downgrades outlook for Sinosure, China Taiping group entities after sovereign rating action
The negative outlook reflects a potential decline in the willingness and ability of the government to support insurers with weaker standalone credit quality.
-
- April 16 2024
Taiwan earthquake preliminary non-residential losses exceed US$263m: Guy Carpenter
While not all of these losses are insured, the residential earthquake insurance fund has reported claims of about US$23m from 472 claims, data from the broker showed.
-
- April 16 2024
IRDAI’s onshoring push may squeeze out cross-border reinsurers
The Indian regulator’s plan to introduce collateral will raise costs, increase compliance and administrative burdens.
-
- April 16 2024
WTW appoints Andrew Lam from Aon as property placement broker for Asia
Singapore-based Lam has handled north Asia property & casualty placements extensively during his over decade-long experience.
