Country: Hong Kong Page 15 / 65
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- August 14 2023
Zurich makes two senior promotions in Hong Kong
Justina Tang (pictured left) is elevated to head of commercial claims and Christy Chau (pictured right) becomes head of direct, financial institutions and partnership.
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- August 14 2023
CBIC’s outlook stable over premium growth: AM Best
The rating agency has affirmed an A- insurer rating for Chinese-owned Hong Kong insurer with a stable outlook.
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- August 9 2023
Hong Kong northbound GBA motor scheme to help spur P&C innovation
With 16 insurers already writing cross-border policies, the Greater Bay Area should create specialty and reinsurance opportunities despite a complex framework.
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- August 8 2023
P&I player Hydor acquires EF Marine to create specialist MGA
The combined companies will control US$40m of GWP and operate from Singapore, Hong Kong, Shanghai, Oslo, Hamburg and Rotterdam.
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- August 7 2023
Gallagher makes two senior hires for Asia financial lines push
Robert Sinclair joins the broker as director, wholesale & reinsurance placement - Asia and Chongting Xia becomes associate director, financial lines, Greater China.
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- August 7 2023
MGA Circles rings changes in Asia as Tommy Elliot takes on global CUO role
Khadinn Khan becomes responsible officer role for Hong Kong, while Kenneth Tan will oversee the specialty MGA's Singapore office.
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- August 4 2023
Vesttoo scandal contagion to curtail Asia business
The fallout is unlikely to affect Asia cedents but could create capacity constraints for MGAs and reputational damage in the insurtech and ILS spaces.
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- August 4 2023
Falcon hires Jeff Sung as general manager as Furmen Chiu exits
Sung was most recently corporate business director, general insurance at Axa Hong Kong and Macau.
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- August 3 2023
Mixed picture for Asia’s P&C markets in Q2 as overall composite pricing flattens: Marsh
Hong Kong led the way in overall composite rate reductions at minus 6.6% and Taiwan climbed the highest at plus 24%.
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- August 3 2023
The Hartford’s Philip Chan to retire with Ethan Tay to lead Hong Kong operation: source
Tay, the insurer's APAC head of financial lines, will take on the additional role of responsible officer for Hong Kong, subject to regulatory approval.
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- August 2 2023
Scandal-hit Vesttoo to close Asian offices: report
The insurtech will close its Tokyo, Hong Kong and Seoul offices, and lay off around 75% of its global staff.
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- August 2 2023
QBE betting on specialty, GBA to drive north Asia growth
The carrier is looking to leverage its global expertise, build regional partnerships and 'supercharge' distribution channels, says region chief Lei Yu.
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- August 1 2023
Axa XL bolsters north Asia marine team with two senior promotions
Shirley Kwok has been promoted to head of marine cargo, North Asia, with Gary Tin elevated to senior underwriter.
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- July 26 2023
Large loss expected from stricken ship and containers off Taiwan coast as typhoon looms
A Palau-flagged container ship has sunk possibly triggering environmental and long-term liability claims, as the Philippines, Taiwan, China and Hong Kong prepare for huge storm.
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- July 25 2023
Berkley Insurance Asia appoints Omi Lok as head of casualty, Greater China
Hong Kong-based Lok, who joins from Axa, has over two decades of casualty experience across retail markets in Asia.
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- July 24 2023
Philippines, Hong Kong, China and Taiwan brace for typhoon
The slow-moving storm is picking up strength as it approaches north-eastern Philippines with the government issuing strong wind and rain warnings in Luzon.
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- July 24 2023
Chubb’s Greenberg urges ‘effort to limit bureaucracy’ to help GBA: report
The global CEO said the government has to "take down the financial regulatory borders between Hong Kong and Guangdong".
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- July 20 2023
China Construction Bank at centre of Vesttoo US$4bn reinsurance collateral fraud: report
Forged letters of credit issued by the Chinese lender is revealed to have been used by investors for ILS transactions on the insurtech platform.
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- July 19 2023
Liberty’s Asia reorganisation will have ‘no job impacts’
The realignment from August 1 brings together all the insurer's businesses in Asia under the leadership of Phil Hobbs, president and managing director, Liberty Specialty Markets.
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- July 17 2023
Chubb names Jeremy Leow as Asia PI and medical malpractice underwriting manager
The insurer has also appointed Wendy Lai to head its bancassurance partnership with Hang Seng Bank in Hong Kong.
