Country: East Asia Page 28 / 215
-
- 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.
-
- 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.
-
- June 17 2024
Japan’s big four submits business improvement plans to FSA for price-fixing
Assessment of risks, employee surveys, effectiveness verification, second-line monitoring and internal audits are among the solutions announced by MS&AD subsidiaries.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- June 12 2024
Berkley Insurance Asia’s Roden Tong elected as president of Hong Kong Law Society
The Hong Kong CEO of Berkley Insurance Asia, who also holds the role of Asia head of claims for financial lines, was the Law Society's vice president since 2021.
-
- June 11 2024
Starr Insurance names Coface’s Jun Minorikawa as Japan CEO
Tokyo-based Minorikawa takes over from Ryohei Nakazawa, who left Starr earlier this year to join broker WTW as head of Japan.
-
- June 11 2024
Mitsui Sumitomo, Aioi Nissay Dowa to improve underwriting profitability: AM Best
The rating agency has affirmed an A+ (superior) to Mitsui Sumitomo, its US-based operating companies and to Aioi Nissay Dowa Insurance and A- (excellent) to Aioi Nissay Dowa Insurance (China) Company.
-
- June 11 2024
Asian geopolitical threats cast a shadow in boardrooms
Demand for political violence coverage continues to increase while reinsurance capacity and appetite are reducing over fears that escalation in the South China Sea could disrupt supply chains and trigger civil unrests.
-
- June 10 2024
Miller eyes Japan non-marine buildout with senior hire
The specialist broker has appointed Tokinori Kono as head of non-marine broking at its Japanese unit, Lead Insurance.
-
- June 10 2024
Bolttech Hong Kong sees service results improve on lower expenses, reserve release: Fitch
The rating agency affirmed the Hong Kong general insurer's BBB+ (good) rating with a stable outlook.
-
- June 6 2024
Korean regulator to review CSM metric targeting insurers’ profit inflation: report
The Financial Services Commission is considering changes to the amortisation method that insurers apply to contractual service margin (CSM), as some critics have argued it has allowed insurers to inflate short-term profits.
-
- June 6 2024
FWD Group revives IPO plan, targets valuation up to US$9bn: report
The offer size and timeline for the initial public offering are yet to be finalised, Reuters said in a report quoting three anonymous sources.
-
- June 6 2024
WTW appoints Alexandra Low as head of trade credit for Hong Kong
Low will report to Lee Garvey, head of financial solutions, Asia Pacific, and Iris Chan, head of corporate risk and broking for Hong Kong and Macau.
-
- June 6 2024
Macau could implement RBC by 2027: report
An Insurance Supervision Department's representative told IAN that the date of the implementation of the risk-based capital regime is not yet finalised as further industry discussions are required.
-
- June 6 2024
Prudential Financial to acquire 10% stake in Qianhai Re
The deal, pending regulatory approval, will make the US insurance group the first foreign minority shareholder in the Shenzhen-based reinsurer.
-
- June 5 2024
AIG elevates Ivan Ho to head of casualty, Hong Kong and Macau
Singapore-based Ho has been the carrier's environmental underwriting lead for Asia Pacific since June 2021.
-
- June 5 2024
Toa Re reshuffles key roles, appoints Michinari Takasaki as managing director
The Japanese reinsurer has named two new directors and promoted six executives to general manager roles effective June 27.
