Country: Hong Kong Page 11 / 59
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- April 18 2023
Analytics: Singapore and Hong Kong see underwriting profit, GWP bounce back
While faster premium growth saw the Lion City extend its lead over the regional rival, the SAR insurers' underwriting profits more than doubled in 2022.
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- April 17 2023
HKFI seeks easier re-domiciliation and improved positioning to attract global majors
Policy recommendations have been submitted by the Hong Kong Federation of Insurers to the Financial Services and Treasury Bureau and the Insurance Authority.
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- April 12 2023
Asian SMEs warm up to cyber cover after digital boom
The changing economy is seeing more business being handled online meaning threats are growing, but risk data is still lacking.
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- April 11 2023
Gallagher appoints Ralph Sherbahn as Asia financial lines leader
Sherbahn, who joins from Zurich, is based in Hong Kong and reports to North Asia CEO Thomas Wang.
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- April 11 2023
AM Best upgrades CMB Wing Lung Insurance over CMI deal closure
The Hong Kong carrier to maintain a robust level of risk-adjusted capitalisation over the short to intermediate term.
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- April 6 2023
AIG confirms Sally Cheung as Hong Kong head of casualty
IAN first revealed the appointment of the former Berkley Insurance Asia head of casualty in January.
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- April 4 2023
Oneglobal promotes David Lum to Asia chairman, Sirikit Oh to Asia CEO
Lum was most recently the specialty broker's Singapore chairman, with Oh as Singapore chief executive. The appointments come amid a wider leadership shake-up.
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- April 4 2023
Target Insurance withdraws review plea against Insurance Authority
The Hong Kong insurer, which has been ordered by the High Court to be wound up, has agreed to pay the regulator's costs of the tribunal proceedings.
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- April 3 2023
QBE Asia names regional manager for claims operational governance
Kuala Lumpur-based Kamiseah Earnewati Wasli has been promoted to the role while Ken Siu to claims technical head for Asia.
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- March 31 2023
Swedish Club hires Thorbjorn Emanuelsson as director underwriting for Hong Kong
The appointment of Emanuelsson, who joins the P&I club from Gard, follows the recent promotion of Lars A Malm to managing director of the SAR office.
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- March 30 2023
Peak Re fell to a US$79.8m loss in FY 2022
The Hong Kong-headquartered reinsurer reported GWP of US$2.295bn up from US$2.145bn in FY 2021.
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- March 30 2023
IA imposes penalty on Hong Kong broker over lapses
Convoy Financial Services failed to keep separate client accounts and maintain proper books and records.
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- March 29 2023
World Bank cat bond listing boosts Hong Kong’s ILS ambitions
As a risk management hub, the city is looking to attract talent, diversify business and develop an ecosystem, says HKIA's Clement Cheung.
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- March 28 2023
Chubb signs 15-year GI bancassurance deal with Hang Seng Bank
The new partnership, which replaces an agreement with QBE, will launch in July.
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- March 27 2023
World Bank’s largest cat bond to list on Hong Kong bourse
The US$630m bonds-swaps combo, which provides earthquake coverage to the government of Chile, will start trading on the city exchange on March 28.
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- March 22 2023
Sun Hung Kai Properties Insurance underwriting results to outperform peers: AM Best
The rating agency has affirmed the Hong Kong insurer's rating at A (excellent) with a stable outlook.
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- March 20 2023
UBS takeover of Credit Suisse to have ‘minimal’ impact on Hong Kong market: HKIA
As share prices fall, the regulator said that insurers in the SAR seldom place deposits with Credit Suisse, or hold bonds and derivatives issued by the bank.
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- March 16 2023
Ping An P&C combined ratio rises to 100.3% in 2022
The Chinese carrier saw premium income grow 10.4% year on year to US$43bn.
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- March 15 2023
QBE elevates Andex Fung to head of Asia SME
Fung was most recently QBE's head of retail and SME underwriting for Hong Kong.
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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'.