Country: East Asia Page 49 / 213
-
- August 2 2023
Sompo International takes BHSI’s Emily Poh to head APAC professional lines
Singapore-based Poh will report to Paul O'Neill, regional head of commercial lines.
-
- August 2 2023
Japan insurance price-fixing scandal escalates as multiple complaints come to light
Reports suggest the country's big four non-life carriers may have colluded to fix premium rates in co-insurance contracts involving Tokyu Group, Keisei Electric Railway, ENEOS and East Japan Railway, among others.
-
- August 2 2023
Scandal-hit Vesttoo to close Asian offices: report
The insurtech will close its Tokyo, Hong Kong and Seoul offices, and lay off around 75% of its global staff.
-
- August 2 2023
QBE betting on specialty, GBA to drive north Asia growth
The carrier is looking to leverage its global expertise, build regional partnerships and 'supercharge' distribution channels, says region chief Lei Yu.
-
- August 1 2023
Axa XL bolsters north Asia marine team with two senior promotions
Shirley Kwok has been promoted to head of marine cargo, North Asia, with Gary Tin elevated to senior underwriter.
-
- August 1 2023
China, Philippines and Taiwan count US$150m-plus Typhoon Doksuri damage, prepare for Khanun
Beijing is facing a historic rain event after storm damaged crops, roads, bridges, and houses and triggered landslides, with yet another typhoon threatening the region.
-
- July 31 2023
Japan P&I Club sees increase in free reserves, ratings affirmed: S&P Global
The rating agency also revised the company’s financial risk profile upwards as its capital adequacy has improved to the 'AA' confidence level following a US$49m unbudgeted supplementary call.
-
- July 31 2023
Korea’s evolving underwriting dynamics put reinsurance in focus
Carriers may need to improve underwriting discipline in light of the hardening market and rising interest rates.
-
- July 31 2023
China Huanong P&C outlook negative over uncertainty in capital injection plan: Fitch
The BBB-rated Chinese general carrier's equity base had shrunk due to unrealised investment losses, the rating agency says.
-
- July 28 2023
Japan P&I Club on hook after large fire on ship with US$100m of cargo
The Japanese-owned vessel is near a World Heritage site and was carrying over 2,800 vehicles, including 498 electric cars.
-
- July 27 2023
CTBC Insurance announces US$95m capital reduction plan
The proposal is to offset losses following claims from Covid policies sold last year and the capital reduction will have no impact on its capital adequacy and net worth ratios.
-
- July 27 2023
Marine (re)insurers in a lurch with rise of ‘dark fleets’ in APAC
Carriers feel they are left on the margins while unscrupulous actors in the region side-step Western sanctions on Russian shipments.
-
- July 27 2023
Hana and Shinhan join Kyobo, Woori in bid for MG Non-Life Insurance: report
State-run Korea Deposit Insurance Corp is keen to conclude a transaction at the earliest and may not fetch its earlier target price.
-
- July 26 2023
ZhongAn P&C posts 38% jump in H1 premiums; chairman steps down
The digital player has appointed former CEO Hai Yin as its new chairman, replacing Yaping Ou who has left the firm for personal reasons.
-
- July 26 2023
Chubb’s APAC P&C premiums grew 12% in Q2 2023
The insurer’s Asia Pacific NWP for the first half of the year, excluding Japan, climbed 13% to US$1.5bn.
-
- July 26 2023
Large loss expected from stricken ship and containers off Taiwan coast as typhoon looms
A Palau-flagged container ship has sunk possibly triggering environmental and long-term liability claims, as the Philippines, Taiwan, China and Hong Kong prepare for huge storm.
-
- July 25 2023
Berkley Insurance Asia appoints Omi Lok as head of casualty, Greater China
Hong Kong-based Lok, who joins from Axa, has over two decades of casualty experience across retail markets in Asia.
-
- July 24 2023
Philippines, Hong Kong, China and Taiwan brace for typhoon
The slow-moving storm is picking up strength as it approaches north-eastern Philippines with the government issuing strong wind and rain warnings in Luzon.
-
- July 24 2023
Chubb’s Greenberg urges ‘effort to limit bureaucracy’ to help GBA: report
The global CEO said the government has to "take down the financial regulatory borders between Hong Kong and Guangdong".
-
- July 24 2023
Toa Re posts 6% growth in net premiums
Toa Re wrote US$2.26bn of premium for the year ended March 31, 2023.
