Country: East Asia Page 3 / 205
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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.
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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.
