Country: East Asia Page 1 / 203
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- January 24 2025
Seoul Guarantee revives listing plan, files for up to US$155m IPO
The Korean surety and credit insurer plans to list in March and its parent KDIC will sell a 10% stake.
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- January 24 2025
AIG names Mark Chen as head of marine for Taiwan
Appointment is in addition to his current portfolio as head of client and broker engagement.
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- January 24 2025
30 years after Kobe earthquake, Japan seeks to improve data amid ‘megaquake’ warning
Space agency signs deal to estimate extent of damage to buildings caused by earthquakes using high-definition satellite images.
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- January 23 2025
Gard expands Japan product portfolio with marine & energy risks
The P&I club will offer hull and machinery, war risk and loss of hire covers as well as builders’ risk to shipyards and offshore wind risk.
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- January 23 2025
With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
With environmental, social and governance (ESG) back in the spotlight in the first week of the new US presidency, market experts say clients are demanding liability cover amid an ever-changing regional landscape.
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- January 22 2025
APAC records nat cat insured losses at US$8bn in 2024, the lowest since 2012: Gallagher Re
Three events - China seasonal floods, Typhoon Yagi, and Japan’s Noto Peninsula Earthquake - drove 68% of economic losses, or US$88bn, in the region.
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- January 21 2025
TSMC assessing impact of 6.4-magnitude Taiwan earthquake
World's largest chipmaker says workers were evacuated after the quake, but all affected sites are gradually resuming production.
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- January 20 2025
South Korea braces for Trump tariffs with US$69bn trade insurance support: report
K-Sure will provide trade cover for SMEs, offering lower interest rates and expanded guarantee limits, according to a report in The Korea Herald.
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- January 20 2025
Korean insurers to cut motor premiums despite worsening loss ratios: report
In the fourth consecutive year of rate reductions, major non-life insurance companies will reduce premiums by an average of 0.5-1% this year.
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- January 16 2025
Hong Kong’s Nova Insurance in ‘unique’ position with acquisition of Chinese broker
Beijing Nova Insurance Services has become an indirect wholly-owned subsidiary of FSE Lifestyle Services, and will operate as part of Nova Insurance Group.
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- January 15 2025
Coface appoints new head of commercial for Taiwan
Niki Liu will be responsible for driving new business for the trade credit insurer, having previously worked for Aon-COFCO Insurance Brokers and Marsh.
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- January 15 2025
Masahiro Koike set to become Tokio Marine Holdings CEO
Koike will take charge in June, succeeding Satoru Komiya, who will become the chairman of the Japanese insurance group.
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- January 14 2025
BOC Insurance, Taiping Re China get NFRA approval to set up Shanghai reinsurance centre branches
The two companies will operate from the Shanghai International Reinsurance Trading Centre, the international reinsurance trading platform in the Lingang pilot free trade zone.
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- January 14 2025
Tibet earthquake compensation payments, pre-payments near US$5m
China's insurance industry has paid full compensation to the 126 victims of last week's deadly earthquake.
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- January 14 2025
SPCI to benefit from investments rejig, parent company support: Fitch Ratings
Global rating agency affirms insurer rating at 'A-' (strong) with a stable outlook for the subsidiary of Sunshine Insurance Group.
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- January 13 2025
Miller makes Korea foray, appoints David Kim as country head
Broker's hires in the new office also include key leaders Andrew Kim, Youngkum Yoon and Taehoon Kim.
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- January 13 2025
WTW expands APAC cyber coverage with facility in Hong Kong, Singapore
Underwritten by QBE and Axa XL, solution will have a primary insurance capacity of up to US$15m.
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- January 10 2025
Jeju Air, Azerbaijan Airlines crashes add early pressure on market: Gallagher Specialty
Losses alone are unlikely to prompt a market reaction, but will impact year-end underwriting results, broker says in a report.
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- January 9 2025
Coface continues APAC management rejig with 3 appointments
Chris Murphy becomes general manager of Hong Kong branch, with Ronald Chai succeeding him as regional head of mid-market, while Sarah Chu will assume the role of Taiwan general manager.
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- January 9 2025
Tibet earthquake payments top US$60,000 from Chinese insurers
- Earthquake
- China
- China Continent P&C
- China Pacific Insurance P&C
- China Re
- China Taiping
- PICC Property and Casualty
- Ping An
- Sunshine Insurance
88 reports, with a total of 20 claims, have been made to insurers, including PICC, China Continent, China Taiping and Sunshine.
