Country: East Asia Page 45 / 216
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- October 26 2023
AIG names Cynthia Sze general manager for Hong Kong and Macau
Hong Kong-based Sze was most recently AIG's head of financial lines for Hong Kong, Macau, Taiwan and China.
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- October 26 2023
Hong Kong speeds up US$1bn of drainage improvements in climate resilience move
John Lee, the SAR's chief executive, said the city will step up disaster preparedness, including a review of transport and drainage works.
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- October 25 2023
Yingda Taihe Property Insurance to report solid underwriting results going forward: Fitch
The rating agency has affirmed an insurer rating of A (strong) for the company with a stable outlook.
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- October 25 2023
Accidents and increased heat put pressure on Hong Kong’s construction market
With one construction firm being put on a building blacklist and a summer of record heat, some market players are calling for stronger regulations.
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- October 24 2023
Chubb veteran Ben McGregor named head of property for APAC & Japan
Singapore-based McGregor will be responsible for the insurer's property line of business in the region from December 1, reporting to Paul McNamee, regional president of Asia Pacific.
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- October 24 2023
Seoul Guarantee Insurance calls off US$267m IPO due to poor institutional demand: report
The offering failed to get an "appropriate valuation" as investors raised concerns about high interest rates, lack of growth potential and additional share sale overhang.
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- October 24 2023
Taiwan non-life insurers to fully recover from pandemic challenges by year-end: AM Best
The rating agency maintained a negative outlook on Taiwan’s non-life insurance segment, citing increased reinsurance costs and a decline in the asset base.
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- October 24 2023
Liberty Specialty Markets hires Cristin Li as senior underwriter
Hong Kong-based Li will look after the insurer's war and terrorism portfolio in north Asia.
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- October 23 2023
Luen Fung Hang’s 2022 COR at 58%, bancassurance model gives competitive advantage: AM Best
Macau’s second-largest general insurer’s financial strength rating of A(Excellent) has been affirmed.
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- October 20 2023
AM Best affirms Peak Re’s ratings as focus on risk selection helps earnings rebound
The rating agency has affirmed the Hong Kong-based reinsurer's financial strength rating of A- (Excellent) with a negative outlook.
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- October 20 2023
Record heat in 2023 spurs myriad APAC nat cat losses
15% of insured nat cat losses so far this year have been in Asia, with yet another US$100bn-plus loss year in the making, says Gallagher Re.
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- October 19 2023
Samsung Tugu to gain from Korean investments in Indonesia: AM Best
AM Best has affirmed the Jakarta-headquartered insurer a rating of A- (excellent) with a stable outlook after it posted a five-year average combined ratio of 57%.
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- October 19 2023
Most Asian economies to see an increase in insolvencies: Allianz Trade
Countries set for the largest rises include South Korea, Japan, Australia and New Zealand, but Hong Kong is set to see a decrease in 2024.
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- October 18 2023
Exclusive: Gallagher sees senior exits amid wider APAC leadership shake-up
There have been several changes to the broker's APAC management in recent months, including the departure of North Asia CEO Thomas Wang.
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- October 17 2023
China Taiping’s ratings upgraded on improving margins, risk control: S&P Global
The Chinese carrier's earnings will stabilise going forward and it will reduce debt in the next two years, the rating agency said.
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- October 17 2023
Swiss Re CorSo in China exploring mid-market opportunities
Specialist offerings like international program, parametrics, digitalisation and distribution partnerships key to its plans, according to Greater China CEO Jeffrey Pan.
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- October 16 2023
PICC injects US$280m into PICC Reinsurance
The company said the cash injection, which will boost capital to around US$760m, will help the reinsurer support business development and strengthen synergies.
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- October 16 2023
Opinion: Asian (re)insurers are waking up to a new typhoon loss reality
2023 has been a wet one across the region, while the size, intensity and frequency of windstorms appear to be increasing, especially in China.
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- October 13 2023
MoneyHero to list on Nasdaq following SPAC deal with Pacific Century and Thiel Capital
The deal gives the financial services platform, which operates in Singapore, Hong Kong, the Philippines, Malaysia and Taiwan, access to around US$100m of capital.
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- October 13 2023
China’s Urtrust Insurance could see loss ratios climb: Fitch Ratings
The rating agency has affirmed the insurer's rating of 'BBB' with a stable outlook.
