Country: Hong Kong Page 10 / 62
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- October 5 2023
Peak Re scripts a turnaround with H1 profit of US$160m
The Hong Kong reinsurer posted a COR of 82.2% as against 108.4% a year ago.
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- October 4 2023
Hong Kong braces for more typhoon losses as Koinu heads to city via Taiwan
Southern Taiwan schools and urban areas closed, and over 70 domestic flights cancelled.
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- October 3 2023
The Hartford drops Navigators brand in Asia; Philip Chan retires
Philip Chan, Hartford’s head of Asia, retired at the end of September, with Ethan Tay becoming responsible officer for Hong Kong.
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- October 2 2023
Taiping Re’s ratings affirmed as operating performance turnaround continues: AM Best
The reinsurer is building on its leadership position in Greater China and expanding in South-East Asia.
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- September 29 2023
Hong Kong’s Nova Insurance posts 10.8% FY revenue growth
The broker saw an uplift in PI and trade credit lines and reported revenues of US$14.1m during the year until the end of June.
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- September 28 2023
Analytics: Singapore’s H1 P&C underwriting profits nearly double
(Re)insurers benefited from strong premium growth in engineering and credit lines and a lower claims tally, however aviation hull and cargo GWP declined, according to MAS data.
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- September 22 2023
Generali GC&C makes two senior Asia appointments in Hong Kong
Matthew Day becomes Asia head of risk engineering & loss prevention while Danny La joins as Asia head of strategic initiatives & business transformation.
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- September 20 2023
CIB’s chairman Alex Yip eyes GBA opportunities for Hong Kong’s specialty market
Since transitioning away from being a self-regulatory body, the Confederation of Insurance Brokers is focusing on redeveloping the city as a ‘key hub’ for the Asian (re)insurance sector.
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- September 20 2023
Hong Kong’s drainage improvements allowed city to bounce back after historic rainstorm: Guy Carpenter
The broker notes a further five stormwater storage tanks are being planned in the SAR which saw 60 flooding and 75 landslide reports and 80 blocked roads.
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- September 19 2023
AIG makes Matthew Pereira head of commercial property, Hong Kong, Macau and Taiwan
Pereira had joined AIG as a data analyst in London and has gained experience in underwriting, primarily property-related portfolio and nat cat risks.
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- September 18 2023
HKIA rolls out Open API framework and central register
The idea is to provide guiding principles on Open API adoption, the categorisation of functions, third-party service provider governance and risk management.
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- September 18 2023
Hong Kong’s Grandwood opens first overseas subsidiary in the UK
May Yung, previously divisional director and head of financial risks for the broker, is overseeing the set-up.
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- September 15 2023
Extreme heat, typhoon ‘most concerning’ climate hazards for APAC: MSCI
Fujian, Hong Kong, Shanghai, Hainan and Guangdong are among some of the most at-risk regions for tropical cyclones, according to the data firm.
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- September 15 2023
Opinion: Hong Kong’s insurance players should step up risk mitigation for clients and the city
While paying claims and looking after clients is the immediate priority, the market should spend more effort making sure buildings are better managed, rain or shine.
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- September 13 2023
Record rains add ‘further pressure’ on Hong Kong’s reinsurance renewals: AM Best
The impact of the black rainstorm is likely to be more of an earnings event for the market, rather than a material hit to capital adequacy, the rating agency noted.
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- September 12 2023
Claims from Typhoon Saola and black rain event of ‘large scale and continue to escalate’: HKIA
The two storms have caused significant motor and property losses, with the regulator urging insurers to make adequate resources available to settle claims.
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- September 12 2023
QBE takes Richard Chien from Taiping Re as Greater China property head
Hong Kong-based Chien will be responsible for leading the insurer's teams in Hong Kong and Macau.
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- September 12 2023
+8 Partners ropes in Phillip Emmanuel as head of logistics
Emmanuel was most recently Asia Pacific regional director and logistics insurer TT Club Mutual Insurance.
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- September 11 2023
Hong Kong to see most claims since 2018 typhoon after record rainfall; Shenzhen also hit
Rates to harden as insurers count costs of BI claims, damage to vehicles, flats, roads, hotels, shopping malls and metro stations caused by flooding, according to market experts.
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- September 11 2023
Hong Kong tech hub receives ransom demands after data breach: reports
Hackers are demanding around US$300,000 to return the data taken from startups in Cyberport, which also incubates several insurtechs.