Country: East Asia Page 4 / 210
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- March 20 2025
Regulators approve Samsung Fire & Marine’s transition to subsidiary of Samsung Life
Non-life carrier will maintain independent management and have a separate board of directors.
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- March 20 2025
Marsh names Brandon Lam as vice president for claims advocacy in Hong Kong
Prior to joining the broker, he worked at Zurich and QBE, holding several claims positions across different lines.
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- March 20 2025
Exclusive: Flora Fong to rejoin Marsh after short Howden stint
Hong Kong-based Fong had joined Howden last July having worked at Marsh for over 14 years.
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- March 19 2025
Ping An’s P&C FY24 net profit up 68% to US$2bn, COR improves to 98.1%
Chinese carrier’s insurance revenue rose by 4.7% year-on-year to US$45.4bn.
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- March 19 2025
‘Narrower, deeper’: US specialty insurer not resting on its laurels with energy, marine, specialty plans for Asia
The Hartford opened its third operation in Asia earlier this year, with Hartford Underwriting Agency CEO Carl Bach telling InsuranceAsia News that it also has one eye on adding cyber to its offering in the region.
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- March 18 2025
Howden Private Wealth bolsters APAC team with double leadership promotion
The high net-worth insurance broker has elevated Bryan Pee to Singapore and Malaysia CEO, while Shirley Sy has been named Hong Kong deputy CEO.
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- March 17 2025
QBE Asia strengthens Japan fac offering with Guy Carpenter veteran
Singapore-based Chie Yamamura will take over as the insurer's head of Japan desk effective from April 1.
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- March 17 2025
Korean regulator to promote parametrics, support carriers’ overseas expansion to tackle emerging risks
FSC announces 11 proposals to address five major challenges – climate, overseas expansion, technology, population, and debt management.
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- March 17 2025
Japan veteran James Vickers to retire after 47-year career
Vickers, who spent nearly two decades in Japan, will step down from his role as chairman with Gallagher Re's international division on May 31, 2025.
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- March 17 2025
Seoul Guarantee shares rally 23% on Kospi debut
Insurer also confirms a 2024 year-end dividend of US$138m for investors holding shares through April.
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- March 14 2025
MSIG expands Hong Kong, Singapore political risk and trade credit lines with US tie-up
Partnership will help carrier capitalise on growing demand for specialised cover in the region, leveraging US-based underwriting expertise alongside strong local presence and market knowledge.
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- March 14 2025
Sompo’s restructuring to accelerate Japan commercial shift
Executives add details to the integration of the group's business into a global P&C platform from April 1.
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- March 13 2025
Korean regulator to relax insurers’ capital adequacy requirement to 130-140%: report
The move will help lower financial burden for insurers, apart from raising their capital base.
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- March 13 2025
Meritz Fire & Marine withdraws offer to buy troubled MG Non-Life
South Korean insurer could face liquidation as the Korea Deposit Insurance Corporation (KDIC) evaluates its options.
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- March 13 2025
Exclusive: London P&I Club to dock in Shanghai, sail on Asian wave amid difficult-to-navigate geopolitical storm
Club also saw new tonnage increase in other APAC countries, such as South Korea, Vietnam, and Indonesia during last month's renewals.
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- March 12 2025
Exclusive: Generali GC&C’s Asia head of casualty underwriting departs
Wendy Law leaves carrier after more than three years, IAN can reveal.
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- March 12 2025
HDI Global hires Ted Chen as senior risk engineer in Hong Kong
With over 25 years of experience, Chen specialies in fire protection systems engineering and risk management, with a focus on the semiconductor field.
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- March 11 2025
Willis hires Takashi Kato as head of marine for Japan
Tokio Marine veteran has over 20 years of experience in marine insurance.
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- March 10 2025
KDIC recovers US$125m in public funds from Seoul Guarantee IPO
The state-owned Korean Deposit Insurance Corporation sold 10% (6,982,160 shares) of its total issued shares (93.85%) through the listing of Seoul Guarantee, and is expected to sell the remaining equity to recover an additional US$3.4bn.
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- March 10 2025
Japan P&I confirms key personnel changes amid latest reshuffle
Koji Shikada takes on extended roles as deputy head of underwriting units and general manager of Tokyo underwriting department I, effective from April 1.
