Country: Hong Kong Page 7 / 62
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- March 13 2024
Marine MGA Adva Specialty rebrands as Vivace Asia Pacific, appoints new regional head
The Hong Kong-based specialist underwriter, which is now part of +8 Partners, will be led by Rebekah Khew as director – Asia Pacific.
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- March 11 2024
Berkley Insurance Asia restructures leadership to prepare for cyber growth
BIA appoints Heidi Zeng as head of cyber Asia and promotes Owen Yin and Jack Zhao as regional director of China and underwriting manager respectively.
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- March 8 2024
Hong Kong 2023 P&C underwriting profit down 81% to US$102m: HKIA
The sector's underwriting performance was hit by an increase in A&H claims, cat events and a reserve strengthening by the Hong Kong Mortgage Corporation due to the realty sector downturn.
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- March 7 2024
Crawford confirms Zakky Cheng as new Hong Kong country manager
In an expanded remit for the Taiwan managing director, Cheng will continue to focus on enhancing the firm's large and complex loss capability across the two markets.
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- March 4 2024
Hong Kong Federation of Insurers commits to carbon neutrality by 2050 with climate charter
With 33 inaugural signatories, the climate charter introduces actionable goals across claims management, underwriting, societal engagement, investments, governance and disclosure.
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- February 28 2024
Hong Kong reiterates pledge to develop as ILS hub in 2024-25 budget
The city's financial secretary repeated its goal of developing insurance-linked securities such as cat bonds, and attracting captives as key to developing its specialty insurance market.
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- February 26 2024
Taiping Re may post FY 2023 underwriting loss on Turkey, Hong Kong cat exposures: Fitch
Higher retentions, reduced excess-of-loss coverage and increased retro cost are weighing on the reinsurer's performance, with its COR for the first half up at 106%.
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- February 23 2024
Tatler’s Messi fiasco flags up need for celebrity cover
Sources tell IAN that the organiser, now hit with a hefty refund bill, is unlikely to have purchased non-appearance cover because of the high cost and stricter conditions imposed by capacity suppliers.
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- February 22 2024
Insurers lobby for removal of green infrastructure investing roadblock
The twin challenges of inflation and net-zero transition facing (re)insurers are highlighting the role that infrastructure assets can play in their portfolios, with infrastructure loan yielding as much as 600 bps in risk premium and equities returning 12%.
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- February 21 2024
PSC Insurance upgrades full-year guidance after 39% rise in H1 bottom line
The Melbourne-based global broking group saw strong performance in its distribution business in Australia, offsetting the small decline recorded by its existing UK business.
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- February 19 2024
Axa XL appoints AIG’s Chris Cheng as Hong Kong head of casualty
Cheng will be responsible for developing casualty portfolio across Hong Kong, China and Macau.
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- February 8 2024
Fosun revives Peak Re sale process: report
The Chinese conglomerate has mandated BNP Paribas to find a buyer for a majority stake in the business and is seeking a US$1bn valuation, a Bloomberg report said.
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- February 6 2024
Zurich promotes Clement Hau to Hong Kong CUO
Hau, who succeeds current chief underwriting officer Anthony Seeto, will start in his new role on February 26.
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- January 25 2024
China’s parametric pilots for nat cat cover finding early success: Taiping Re CEO
Wider use of index-based insurance and ILS is key to finding much-needed capacity for (re)insurers and widening nat cat insurance, according to Sheldon Yu.
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- January 23 2024
Hong Kong Insurance Authority appoints Clement Lau as executive director
Lau, who had worked at the city's central bank prior to the latest appointment, will be in charge of reviewing regulatory frameworks and policies affecting the insurance sector.
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- January 18 2024
Non-peak perils source of insurers’ primary portfolio risk: Gallagher Re
Flooding from remnants of typhoon Doksuri in China makes it the costliest weather event of last year, with US$18.5bn in economic losses.
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- January 18 2024
Exclusive: Crawford Hong Kong set for leadership change as Doron Grossman departs
Crawford's Taiwan country head Zakky Cheng will take on the additional role as Hong Kong head, IAN understands.
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- January 16 2024
China’s ‘real estate development model 2.0′ keeps non-life insurers’ growth buoyant
- Analysis
- Commercial
- China
- China Continent P&C
- China Life P&C
- China Re
- China Taiping
- PICC Property and Casualty
Government spending on affordable housing and public facilities will cushion insurers from the sector's downturn, sustaining the country's P&C premium growth of at least 7% for 2023 and 2024.
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- January 15 2024
Hong Kong’s proposed risk-based capital requirements extend waivers to marine, captive insurers
The Insurance Authority of Hong Kong has proposed a set of rules that seek to lighten the compliance burden for captives and marine insurers under the new capital regime slated for 2024 2H.
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- January 10 2024
Howden Hong Kong chief executive Mark Johnson set to leave; Alfred Sham named interim CEO
Johnson will remain with the firm to ensure an orderly transition until the spring.
