Country: East Asia Page 18 / 205
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- June 25 2024
Oneglobal takes Gallagher’s Andrew Ko for greater China push
With 28 years of experience, Ko has joined the broker as executive director in the Hong Kong office.
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- June 25 2024
PICC pilots e-CNY use for motor insurance premium payments in Beijing: report
If the pilot project, launched in collaboration with the People's Bank of China, is successful, the financial services group plans to expand its use to life, health, and agricultural insurance.
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- June 25 2024
Exclusive: Gallagher retreats from Japan a year after launch
The broker closed its wholesale broking business in May while the retail agency business is expected to close by end of this month, InsuranceAsia News understands.
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- June 24 2024
Lotte Insurance final bids due June 28, Woori remains in the race
The sale by PE owner JKL Partners, managed by JP Morgan, is targeting US$1.45bn price tag for the carrier.
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- June 24 2024
Insurance claims from southern China torrential rain and floods hit US$85m: NFRA
Insurers have received 18,400 claims so far and the meteorological bureau is expecting persistent rain after upgrading the rainstorm alert to red, the highest of the four-colour ranking system.
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- June 21 2024
China Re extends US$85.4bn cover to Belt & Road projects via reinsurance pool: report
Through China Belt & Road (B&R) Reinsurance Pool, the reinsurer has been providing risk protection to over 1,000 Chinese corporates' offshore projects over the past three years, president Zhuang Qianzhi says.
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- June 21 2024
Chinese insurtech Huize to buy controlling stake in Vietnamese startup Global Care
The deal marks Nasdaq-listed Huize's foray into the South-East Asia market and will introduce VinaCapital as a strategic shareholder of the Shenzhen-based insurtech.
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- June 20 2024
Japan hailfall insurance payout reaches US$356m: GIAJ
The hail that affected Hyogo prefecture in April saw insurers settling 98% of the total 122,152 accepted as of May 31, according to GIAJ.
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- June 20 2024
China’s financial regulator chief outlines growth blueprint for insurance sector
Li Yunze, head of the National Financial Regulatory Administration, said the watchdog will soon announce measures on further promoting the reinsurance trading platform of the Shanghai Insurance Exchange.
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- June 20 2024
Japanese carriers walk a thin line on ESG underwriting: Fitch
While the major non-life insurers have incorporated sustainability considerartions, they may face pressure from foreign investors who consider them inconsistent with global environmental standards.
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- June 19 2024
Japanese non-life carriers’ FY 2024 ordinary profits more than doubled: FSA
The total net premiums written by the big-three Japanese insurance groups combined stood at US$81 billion for the fiscal year ended March 2024, data from the regulator shows.
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- June 19 2024
Qubit ventures beyond digital assets with new CUO for reinsurance
The Hong Kong MGA has hired reinsurance veteran Xu Long executive vice-president and will start offering marine and energy products from next month.
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- June 19 2024
WTW’s Asia specialty build-out targets region’s complex risk landscape
The broker aims for deeper specialist insights to tailor solutions for emerging challenges like geopolitical risks, climate change, AI, and inflationary pressures, says Luke Ware, Asia head of corporate risk and broking.
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- June 17 2024
Chinese insurtech Yuanbao eyes US listing
The Beijing-based online broker is seeking approval from China's securities watchdog to issue up to 64.5 million shares on a US stock exchange.
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- June 17 2024
Allianz Korea elevates Jin Kim to head of natural resources and construction
Seoul-based Kim has been at the German insurance group for five years as a senior property underwriter.
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- June 17 2024
Japan’s big four submits business improvement plans to FSA for price-fixing
- Regulatory
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
Assessment of risks, employee surveys, effectiveness verification, second-line monitoring and internal audits are among the solutions announced by MS&AD subsidiaries.
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- June 14 2024
Chinese state-owned insurers extend US$427bn in Belt & Road cover: report
PICC, China Life, China Pacific Insurance, China Taiping Insurance and China Re have extended risk protection to back up the government's global infrastructure development strategy.
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- June 13 2024
Noto earthquake insurance payout reaches US$578.5m: GIAJ
The claims payout rose by 7% since the last tally on April 26 as insurers have settled 103,439 claims across Japan.
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- June 13 2024
KFINCO vulnerable to cyclical construction sector, economy: Fitch
The ratings agency affirmed Korea Finance for Construction Insurance's financial strength rating at 'A' (strong), with a stable outlook.
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- June 13 2024
Nova Insurance sees ‘unique’ greater China proposition driving growth
The independent Hong Kong broker is considering both organic and inorganic routes to expand its presence across business lines in the SAR and mainland China, says managing director Patrick Chan.
