Country: East Asia Page 14 / 215
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- January 3 2025
Hong Kong-based MGA Hawkes Bay Underwriting resumes status as Lloyd’s coverholder
Resumption will enhance marine capacity to US$10 million, chief operating officer and head of marine specialty Manson Ma says.
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- January 2 2025
Taiping Re debuts US$35m cat bond in Hong Kong
Asia's first dual-perils, dual-triggers ILS offers the reinsurer protection against US hurricanes and China earthquake for three years.
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- January 2 2025
Marsh McLennan confirms Seth Peller as Hong Kong and Macau CEO
Peller will take on the expanded role in addition to his current responsibility as the group's Taiwan head, as first reported by IAN.
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- January 1 2025
Japan P&I’s underwriting performance could see some volatility: AM Best
US credit rating agency assigns a financial strength rating of 'A-' (excellent) and a long-term issuer credit rating of 'a-' (Excellent), with a stable outlook.
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- January 1 2025
Sedgwick hires Shuji Tanaka as head of Japan
Tokyo-based Tanaka previously spent 32 years at Tokio Marine & Nichido Fire Insurance, specialising in claims management of casualty and liability insurance.
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- January 1 2025
Jeju Air crash insured losses could reach US$150m
The estimated liability claims from the deadly crash could top US$100m, IAN understands.
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- December 30 2024
China’s PICC P&C announces continuation of deals with PICC Reinsurance, PICC HK
Reinsurance agreements include treaty and facultative reinsurance, covering all lines of property and casualty insurance risks.
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- December 20 2024
Howden names Lawrence Chong as Asia head of cyber & tech solutions
Hong Kong-based Chong joins from Qubit Underwriting, having previously worked for Swiss Re, RSA, AIG and Chubb.
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- December 20 2024
China Taiping promotes Yin Zhaojun to chairman
Yin, who was previously vice chairman, executive director and general manager, succeeds incumbent Wang Sidong who will retire.
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- December 19 2024
Korean general insurance premiums grew 8.7% in H1 2024: Korean Re
Non-life insurers saw strong growth in long-terrm and retirements products, however, motor insurance premiums declined 1.2% year-on-year.
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- December 18 2024
Claims from Japan’s Typhoon Shanshan surge to US$331m
General Insurance Association of Japan says 89,639 claims made from the typhoon that hit earlier this year.
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- December 17 2024
Bolttech strengthens Asia leadership team
Insurtech appoints Andrew Cons as general manager for Indonesia and Mohamad Azhar Bin Jamal Mohamad as general manager for Malaysia, while also promoting Akiko Anzai as general manager for Japan.
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- December 17 2024
Newline Group expands to Hong Kong, hires Carson Choi
Lloyd's player adds to offices in Singapore, Shanghai and Malaysia, with Choi joining as head of financial lines.
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- December 13 2024
Korean Re reducing overseas property cat exposure: AM Best
The Korean reinsurer's long-term issuer credit rating has been upgraded to a+ (Excellent) while its financial strength rating of A (Excellent) has been affirmed, the rating agency said.
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- December 12 2024
China’s Qianhai Reinsurance to explore opportunities in capital markets on shareholder support: AM Best
The rating agency has affirmed the financial strength rating of “A-” (excellent) and the long-term issuer credit rating of “a-” (excellent) to the Shenzhen-headquartered reinsurer with a stable outlook.
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- December 12 2024
Rising personal lines prices help stabilise global P&C sector: Moody’s
Pricing in China is unlikely to meaningfully improve, especially in motor, due to directives designed to reduce financial pressure on policyholders as well as mispricing risk for EVs.
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- December 11 2024
Korean general insurers strengthen overseas push with Indonesia outreach
Carriers from the country have been expanding their operations in South-East Asian countries, including Indonesia and Vietnam.
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- December 11 2024
Exclusive: Marsh’s Steve Hutchinson to join Howden Hong Kong as chief broking officer
Hutchinson was most recently senior vice president and risk management practice team leader for Marsh in Hong Kong.
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- December 11 2024
Marsh McLennan Taiwan CEO Seth Peller to take on expanded role as Hong Kong, Macau chief executive
Peller will replace Rohan Bhappu, who left the group last week.
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- December 11 2024
GBA cooperation key to viable climate-related insurance development: HKIA’s Clement Cheung
The Greater Bay Area could help the industry develop innovative products and services for the broader market, the HKIA chief executive said at the Asian Insurance Forum.
