Country: East Asia Page 13 / 216
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- February 13 2025
MG Non-Life sale: KDIC files injunction plea against union
Troubled insurer’s labour union has been disrupting the due diligence process by prospective buyer Meritz Fire & Marine.
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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
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 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
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 5 2025
Aon promotes Lee Huang Ng to head of Taiwan
Ng will relocate to Taipei and report to head of Greater China Qin Lu after succeeding new head of Hong Kong, Ernest Leung.
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- February 4 2025
Samsung Fire & Marine may become subsidiary of group’s life arm: report
Samsung Life's shareholding may cross the 15% threshold following the P&C insurer's proposed share buyback plan, according to a report in Korean business paper Chosun.
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- February 3 2025
Lockton Asia appoints Lesley Jamieson as regional senior vice president for operations
Jamieson, who will be based in Hong Kong, will report to the broker's regional COO Philip Corrigan.
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- January 27 2025
China Taiping, subsidiaries to benefit from government support: Fitch
Fitch has affirmed 'A' rating with negative outlook for all non-life entities except Taiping Re, which has been given stable outlook on its credit profile and strong underwriting performance.
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- January 27 2025
Howden confirms Steve Hutchinson’s appointment as chief broking officer for Hong Kong
Hutchinson will focus on expanding capabilities in key sectors, including construction, multinational clients and large complex accounts, as first reported by IAN.
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- January 27 2025
China issues EV insurance guidelines, mulls risk classification system: report
Shanghai Insurance Exchange also launches insurance platform dedicated to the EV sector.
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- January 27 2025
Peak Re promotes trio to managing directors
Hong Kong-headquartered reinsurer elevates Sudhir Salian, Chenwei Li and Kathleen Koh, the company exclusively confirms to IAN.
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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.
