Country: East Asia Page 74 / 230
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- March 14 2023
FWD refiles for Hong Kong IPO again
The Hong Kong-headquartered insurer had previously delayed the listing twice due to 'a weak market'.
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- March 13 2023
Seoul Credit Insurance to kick off pre-IPO roadshows in Hong Kong, Singapore
The Korea Deposit Insurance Corporation-owned insurer has reported a profit of US$433m in FY 2022.
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- March 10 2023
Hong Kong 2022 P&C underwriting profit doubles to US$535m
While gross premiums grew 4.5% year-on-year, claims fell by the same percentage during the year, according to the Hong Kong Insurance Authority.
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- March 10 2023
Coherent cuts around 20 roles in Hong Kong
IAN understands that Leong Chew, the insurtech's managing director, actuarial and advisory, was one of those made redundant.
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- March 10 2023
Moody’s downgrades Fubon Insurance as pandemic hits profitability
The Taiwanese insurer's rating was changed to A2 from A1 with outlook changed to negative from stable.
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- March 10 2023
Tokio Marine overseas profits to account for over 60% of total in FY 2023: Fitch
The rating agency has affirmed Tokio Marine & Nichido Fire Insurance's financial strength rating at 'AA-' (very strong) with a stable outlook.
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- March 9 2023
Sompo Japan partners space start-up to offer satellite cover
The carrier to partner with Japanese startup Warpspace, which will help assess the risk of launch accidents or collisions in orbit.
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- March 9 2023
Helen Ye appointed CEO of Dual Alpha Underwriting
Hong Kong-based Ye joins the MGA from crypto specialist OneInfinity by OneDegree.
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- March 9 2023
Gallagher hires North Asia head of construction and energy
Hong Kong-based Mark Chan was most recently doing a similar role at broker Oneglobal.
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- March 8 2023
China to replace CBIRC in regulatory overhaul: report
The new regulator will bring supervision of the industry, excluding the securities sector, into a body directly under the State Council.
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- March 8 2023
Japan windstorm hardening in 1.4 renewals spotlight
Pressure across the reinsurance market is delaying negotiations and could push up some rates 20-30%.
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- March 6 2023
Ping An on the line for Hong Kong skyscraper fire set to cost over US$50m: sources
A blaze at an under-construction luxury hotel, which IAN understands is brokered by WTW, could be the highest property-related insurance payout in the city.
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- March 6 2023
MI Insurance Brokers names Tiffany Lung MD
In a senior management rejig, Kelvin Wong, former chief executive and responsible officer at the broker, has been made an executive director.
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- March 2 2023
Nexus appoints Hong Kong general manager and head of marine Asia
Oliver Miloschewsky was most recently client development director at Concirrus.
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- March 1 2023
MS&AD CEO’s talks of selling overseas units puts MS Amlin in spotlight
The Japanese giant's chief executive Noriyuki Hara told Nikkei that the firm is considering withdrawal from some five locations where ROE is less than 6%.
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- March 1 2023
Four insurers preparing GBA one-policy motor cover: report
Ping An, China Taiping, Zurich and Asia Insurance are looking to take advantage of a HK/Guangdong travel scheme.
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- February 28 2023
McLarens taps Sedgwick for Hong Kong managing director
Amen Chiu, a loss-adjusting veteran, has expertise in handling complex property, casualty and BI claims.
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- February 28 2023
Hong Kong ends mask mandate from March 1
The SAR is set to host several major events in March, including music festival Clockenflap, Art Basel and the Hong Kong Sevens.
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- February 28 2023
DB Insurance acquires Vietnam National Aviation Insurance
The Korean carrier, in its second Vietnamese acquisition, has picked up a 75% stake in the Hanoi-based P&C insurer.
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- February 28 2023
Gard promotes Louis Shepherd as Japan managing director
Shepherd replaces John Martin, who has acted as interim MA of Gard in Japan since Tadashi Sugimoto stepped down in October 2022.
