Country: Hong Kong Page 3 / 62
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- September 16 2024
Swiss Re elevates Seng Lee to co-head corporate development
The Hong Kong-based M&A specialist has been managing director for the reinsurer since August 2022.
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- September 16 2024
Hong Kong’s Nova Insurance FY 2024 revenue up 3.6% to US$14.7m
The broker reported robust retention ratios and added new accounts, including a public utility, listed companies and educational institutions, according to a stock exchange filing by its parent FSE Lifestyle.
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- September 12 2024
Captives pivotal to development of Belt & Road green energy projects: HKIA panel
The SAR seeks to be the preferred captive domicile to manage risks from overseas renewable energy projects, participants at a Belt & Road summit moderated by the city's Insurance Authority heard.
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- September 9 2024
Axa XL Hong Kong names Chloe Wang as underwriter for international financial lines
Wang has worked for Berkley Insurance Asia and Hawkes Bay Underwriting in Hong Kong before joining the specialty (re)insurer.
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- September 9 2024
HKIA to prioritise RBC review and re-domiciliation regime, says chairman
The Hong Kong Insurance Authority is aiming to attract insurers and brokers to place larger business volumes in Hong Kong, as it seeks to attract more overseas insurance groups to relocate their headquarters to the city, says chair Stephen Yiu.
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- September 6 2024
Typhoon Yagi wreaks havoc in Vietnam, China losses top US$100m
The storm has been downgraded to a tropical depression but the Vietnamese meteorological bureau has cautioned about ongoing risks of landslides and flooding as it continued to move westwards.
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- September 6 2024
Super typhoon Yagi set to bear down on southern China, Vietnam
The most intense tropical cyclone in decades in the South China Sea is expected to have severe impact in Hainan, southern China and northern Vietnam.
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- September 2 2024
Hong Kong H1 2024 P&C underwriting profit climbs 34% to US$250m
The improvement came despite net claims incurred during the period rose 9.3% year-on-year, as growth in overall premiums and smaller losses recorded in third-party motor insurance helped the sector's results, provisional data from the HKIA shows.
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- August 29 2024
AM Best upgrades Peak Re’s outlook to stable from negative following Fosun’s revised credit condition
The rating agency has also affirmed the rating of Peak Re Hong Kong and its subsidiary Peak Reinsurance AG (Switzerland) at A- (excellent) reflecting its very strong balance sheet, adequate operating performance.
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- August 28 2024
Peak Re reports US$124.2m profit in H1 2024, COR at 84.9%
The reinsurer has reported GWP of US$847.9m in 2024 H1, a slight 1.8% year-on-year increase, according to the company's unaudited earnings release.
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- August 28 2024
Aon Hong Kong takes Naureen Rasul as director-financial services and professions group
In her new role, Rasul will be instrumental in driving the broker's growth in financial lines and cyber.
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- August 28 2024
Conduct exclusion wordings get scrutinised as Segantii’s insider dealing case unfolds
Ongoing criminal proceedings against one of Asia’s oldest hedge funds have highlighted the need for managers to constantly review policy coverage, limits and carriers' claims handling capability, according to financial lines underwriters.
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- August 27 2024
China Taiping’s H1 domestic P&C profit doubles as reinsurance business reverses losses
Its domestic China P&C’s operating profit surged to US$47.6m, as China's third-largest non-life reinsurer posted a US$63.9m operating profit for its reinsurance business.
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- August 27 2024
Peak Re names Peter Hämmerli as head of business operations
Hämmerli will report directly to CEO Franz-Josef Hahn and play a key role in enhancing Peak Re's global operations as the reinsurer continues to expand globally.
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- August 27 2024
Aon Hong Kong appoints Phil Bautista Steel as director for growth & delivering Aon united
Steel joins Aon from CCW Global where he was most recently a sales manager. He is the former president of Hong Kong Insurers Club for four years since 2019.
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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
Axa XL appoints Daniel Su as marine cargo underwriter in Hong Kong
Su has over 20 years of (re)insurance underwriting and broking experience focusing on the north Asia marine markets.
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- August 12 2024
Floss Cheng returns to Aon as Hong Kong head of claims
Cheng, who started his career as a manager at the global broker in 2012, was most recently leading the Hong Kong claims team at rival Howden.
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- August 6 2024
Zurich Hong Kong elevates Lena Liu to head of middle market, commercial insurance
Liu, who has been with the carrier for more than 14 years, was most recently head of operations, international programs and captives.
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- August 5 2024
Axa debuts parametric heatwave cover for Hong Kong, Macau outdoor workers
Insured individuals are eligible to receive a payout of US$12.9 each, or an ‘anti-heatwave kit’ of an equivalent value, without the need to submit claims or prove damage or loss.
