Country: Global Page 7 / 54
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- October 3 2024
Optio Group acquires MGA Circles Group
The acquisition of the MGA that has offices in Hong Kong and Singapore is part of Optio's global expansion strategy.
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- September 30 2024
Fidelis eyes ‘BRICS+’ push with new property specialist MGA
The group's MGA platform Pine Walk has hired Kelly Sanders as CUO to found Seraphina, which will focus on international property business with a focus on the emerging markets.
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- September 24 2024
Climate change, green transition and geopolitics reshaping marine insurance
The growing importance of Asia underlined the 150th annual International Union of Marine Insurance conference where geopolitical tensions, extreme weather risks, and energy transition dominated discussions.
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- September 23 2024
Swiss Re CorSo elevates Devpriya Misra to APAC and global client solutions lead
Singapore-based Misra, who has been with Swiss Re CorSo for almost nine years, was most recently regional head customer management APAC for the firm.
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- September 20 2024
APAC reinsurers need to grasp ‘mighty cocktail’ of connected risks, says Russell Group
Asia underwriters are warned that they need to be on top of their risk exposures and fully appreciate the connection between loss events and all perils in a volatile trading environment.
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- September 19 2024
Australian, UK regulators greenlight Ardonagh’s takeover bid for PSC
The US$1.5bn scheme of arrangement to buy all the shares of the Australian broking group is now pending PSC's shareholders' and the court's approvals.
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- September 16 2024
Allianz Global Corporate & Specialty names AIG’s Thomas Lillelund as CEO
In his new role, Asia veteran Lillelund succeeds Petros Papanikolaou, who assumed the role of executive director of group strategic initiatives at Allianz.
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- September 13 2024
Opinion: Taiwan specialty market on edge as US presidential election rolls closer
Following the the recent presidential election debate and the sparring over regional policy, attention is once again focused on the island nation due to the potential risk of disruption posed to its semiconductor sector and supply chains.
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- September 11 2024
Japan, Australia are top two APAC markets most sensitive to rise in nat cat claims: S&P
Insured annual catastrophe losses averaged US$6.6 billion in Japan, and US$2.5 billion in Australia over a ten-year period. China ranked third in Asia, at US$1.7 billion, according to the rating agency.
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- September 11 2024
Axa XL names Phil Russell as environmental risk consulting leader for APAC, Europe
With two decades of experience in sustainability; health, safety and environment for a diverse range of multinationals, Russell joined from sustainability consultancy Environmental Resources Management.
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- September 9 2024
RVS Monte Carlo: Reinsurers and primary markets continue to have ‘attachment issues’
As Asian cedents, especially loss-hit players, are pushing for lower attachment points, reinsurers resist, determined to defend their hard-earned gains, note S&P Ratings analysts.
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- September 6 2024
Public-private partnership key to closing cyber protection gap: Zurich and Marsh McLennan
As the global cost of cybercrime is projected to nearly triple to US$24 trillion by 2027, the public and insurance sectors must enhance their collaboration, the two firms said in a jointly launched white paper.
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- September 6 2024
RVS Monte Carlo: Reinsurer returns will remain attractive despite expected softening of rate – Aon
In a briefing ahead of the Monte Carlo reinsurance summit, the broker forecasts an increase in pricing competition in 2025, and that insurers will begin to see greater flexibility around capacity provision and coverages.
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- September 5 2024
Lloyd’s logs best interim results since 2007 as H1 underwriting profit up 24%
The market’s COR improved to 83.7% from 85.2% a year ago, as its underwriting profit rose to US$4.07bn, thanks to premium growth and better investment returns.
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- August 30 2024
Aon’s White Rock sues China Construction Bank over Vesttoo fraud, claims US$140m
The lawsuit is another step to maximise recoveries for clients impacted by the Vesttoo fraud and make the bank accountable for the harm it has caused, Aon spokesperson told IAN.
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- August 30 2024
South Africa’s Santam to expand into Asia: report
The move follows the success of the general carrier's parent Sanlam in India, where it has been in partnership with Shriram Capital Group since 2005 and is recording about 17% of profit.
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- August 29 2024
Bruce Dettling to oversee Australia as Gallagher’s global head of mining and heavy industry
In this newly created role, London-based Dettling who joins from Aon will report to Malcolm Payton, CEO, property & casualty insurance solutions and head of global fac at Gallagher Specialty.
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- August 27 2024
Opinion: Mpox cases with deadlier strain send jitters across Asian P&C market
While the number of cases is still limited in the region, a potential spreading of the virus, especially the mutated clade 1b strain, could disrupt fragile supply chains already impacted by the curtailment of shipping in the Red Sea and result in potential BI losses.
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- August 23 2024
PSC Insurance FY2024 revenue up 15.5% on UK business growth
The ASX-listed broking group said it expects to complete its US$1.5bn sale to The Ardonagh Group by October 11.
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- August 22 2024
Climate change exposes banks to ‘silent’ risks as insurance gets more unaffordable: Aon
Banks can leverage on tools and datasets that insurers have been using for pricing climate risks. Alternative risk transfer tool such as parametrics can also provide additional protection, the broker said.
