Country: Hong Kong Page 13 / 62
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- June 29 2023
OneDegree raises US$27m in additional Series B fundraise
The virtual insurer, which claims it is on track to achieving profitability by end-2024, will use the proceeds to grow its digital assets business and insurtech offerings globally.
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- June 23 2023
PICC Hong Kong expanding reinsurance portfolio, mainland sales: AM Best
The rating agency has affirmed A- (excellent) rating for the Hong Kong carrier with a stable outlook.
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- June 22 2023
Analytics: Hong Kong and China P&C players’ underwriting margins squeezed
Carriers are under pressure as reinsurance costs rise, however, at 10% coverage for the top 15 Chinese insurers, there is plenty of room to grow.
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- June 20 2023
Hong Kong’s export credit insurer launches mainland pilot with five banks
HKECIC has teamed up with Bank of China, BEA, HSBC, Hang Seng and DBS, and the credit limit for each buyer's non-payment risks is capped at US$12.8m.
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- June 19 2023
FWD General Insurance to exit group medical in 2024, tail off employee compensation: Fitch
The rating agency has affirmed the Hong Kong carrier's rating at 'BBB+' (good) while its outlook has been revised to stable from positive.
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- June 9 2023
Guy Carpenter eyes growing APAC MGA sector with Steve Warwick
The broker's APAC CEO Tony Gallagher says the regional program market has seen tremendous growth in recent years.
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- June 6 2023
Jerald Leung joins The Hartford as financial lines senior underwriter
Hong Kong-based Leung joins specialty arm Navigators from Starr Insurance, and will report to Ethan Tay, APAC head of financial lines.
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- June 6 2023
Target Insurance to raise US$680m through its UAE arm Himalayas Insurance
The owner of the liquidated Hong Kong taxi insurer is eyeing a resumption of business with its new Middle Eastern venture.
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- June 5 2023
Axa XL ropes in Evelyn Pang as global program and captive manager for Asia
Hong Kong-based Pang, who joins from Berkley Insurance Asia, will report to the (re)insurer's HK CEO Jamie Chambers.
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- June 5 2023
Financial lines remain key to BMS Asia growth plans
The broker is focusing on 'building out and strengthening existing offices' in Asia, while seeking to be a 'viable alternative to the large broking houses' in Australia.
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- June 2 2023
Stephen Warwick joins Guy Carpenter to lead GC Access APAC
GC Access offers advice and placement services to MGAs with more than US$3bn in annual GWP and is seeking to grow in the region.
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- May 31 2023
Hong Kong P&C underwriting profit tumbles 52% in Q1 2023: HKIA
General insurance gross premiums grew 7% year-on-year driven by a 12.7% growth in reinsurance business.
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- May 31 2023
Gallagher Re recruits from Guy Carpenter for China, Hong Kong CEO
Jia Lou (pictured) joins in June from the rival broker in Hong Kong, while Alex Xia joins from Munich Re to lead Gallagher Re's Beijing branch.
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- May 25 2023
Tencent-backed Hong Kong reinsurer FuSure to stay profitable with a single-digit return
The non-life reinsurer reported net profits in 2022, breaking even one year earlier than its original plan, says AM Best.
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- May 23 2023
Zurich Hong Kong appoints David Chiu as chief claims officer
A Zurich veteran for the past 10 years, Chiu has held several leadership roles in the Hong Kong claims team.
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- May 19 2023
Peak Re director Andrew Souter departs
Souter was hired in 2020 as head of global markets and ILS, and was named director, ANZ and Japan, after CUO Piotr Nowakowski took charge of the P&C business team in August 2022.
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- May 19 2023
Guy Carpenter swoops for Howden Tiger Hong Kong leadership team: sources
IAN understands that the move includes Stephen Warwick, Howden Tiger’s head of treaty for Asia Pacific.
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- May 16 2023
Chubb Australia promotes Ryan Spettigue to global client executive
Spettigue was earlier the national leader for major accounts division, casualty, Australia, responsible for the insurer’s key clients.
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- May 11 2023
PI specialist ITIC targets Hong Kong and Singapore for regional expansion
The carrier is moving away from marine to aviation and offshore energy, Robert Hodge, head of South-East Asia, tells IAN.
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- May 5 2023
Swiss Re rejigs Asia board with Victor Kuk appointed as CEO
Paul Murray steps down after becoming global CEO for L&H Re, while Deanna Ong has been named chairperson of the board.
