Country: Hong Kong Page 8 / 59
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- August 28 2023
Sunshine P&C’s H1 COR improves to 98.2%; boosts liability and cargo GWP
The HK-listed and Beijing-headquartered insurer reduced guarantee insurance premiums by 45%, while liability premiums increased 41% and cargo by 215%.
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- August 25 2023
China Taiping’s P&C H1 domestic profit falls 68%; Taiping Re’s COR increases to 105.8%
The group's overseas P&C insurance business, which has units in Hong Kong, Macau, Indonesia and Singapore, saw net profit climb 10%.
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- August 24 2023
PSC Insurance founder Paul Dwyer to become chairman as Brian Austin takes on Asia role
Austin will remain on the board as deputy chairman and become chair of the broker’s Asian businesses as profits start to flow in Hong Kong.
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- August 23 2023
PSC Insurance’s 2023 net profits up 23% to US$50m
The ASX-listed broker's Australia and New Zealand distribution business placed US$740m in GWP.
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- August 22 2023
Aon confirms Qin Lu to lead mainland China, Hong Kong, Macau and Taiwan
Lu is overseeing risk and human capital and reinsurance, and will work with the broker's Greater China team which Aon describes as a 'sub-region' in APAC.
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- August 17 2023
Exclusive: Ted Hodgkinson exits BMS — sources
IAN understands the Hong Kong-based Asia chairman has left the global broker.
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- August 14 2023
Clement Cheung reappointed CEO of Hong Kong Insurance Authority
Cheung, who has been heading the regulator since 2018, will serve another three-year term till August 14, 2026.
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- August 14 2023
Axa XL appoints Aijiao Ruan as senior underwriter in Hong Kong
Ruan was previously at China Zenith Insurance Brokers, a Beijing-headquartered Lloyd's coverholder, for 15 years.
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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.
