Country: Macau Page 1 / 3
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- April 19 2023
Lloyd’s eyes regional opportunities through Hong Kong
The platform's regional director Iain Ferguson identified reinsurance capacity, captives and more local placement as areas for the market to focus on.
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- March 24 2023
China Taiping’s Macau P&C arm could see 71% COR ‘normalise’ this year: AM Best
The economy in the gambling mecca is showing signs of recovery from the pandemic with tourists returning.
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- February 28 2023
Hong Kong ends mask mandate from March 1
The SAR is set to host several major events in March, including music festival Clockenflap, Art Basel and the Hong Kong Sevens.
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- December 16 2022
Fidelidade Macau’s COR below 80% as of September 2022
Fitch assigned A- rating with a stable outlook to the Fosun owned carrier.
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- November 16 2022
Paul Li rejoins QBE Asia as head of Macau
Li, who joins from Macau Insurance, was previously the insurer's Hong Kong head of bancassurance.
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- October 10 2022
Luen Fung Hang Insurance gets over pandemic impact with 58% COR: AM Best
The Macanese P&C player leveraged its distribution to stay second in the market with a 22.8% share.
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- September 16 2022
Why Fosun’s divestment plan may exclude Peak Re
Non-core divestitures are unlikely to change the controlling interest of core insurance units like the Hong Kong reinsurer and Fosun Insurance Portugal.
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- September 5 2022
Macau Insurance’s top-line to be hit by slowdown and dim gaming prospects
The carrier's GWP was down 10% in 2021 but overall combined ratio remained at a healthy 89%.
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- August 30 2022
China Taiping’s domestic P&C arm sees H1 COR improve to 98.8%
Taiping Re's P&C division fell to an underwriting loss of US$21m.
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- August 5 2022
Crawford hires former McLarens exec as head of loss adjusting, GBA
Jackson Zeng is based in the firm's Guangzhou office.
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- July 26 2022
Digital channels and regulation key to unlocking Greater Bay Area potential: survey
Eight cities in the GBA have less than 10% insurance penetration.
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- July 21 2022
MSIG paid US$48.6m of claims in Hong Kong and Macau in 2021
The claims settlement ratio increased 1.4% to 92.4% compared with 2020.
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- July 15 2022
WTW promotes Iris Chan to lead Hong Kong broking arm
Chan will also continue in her role as director of construction for Hong Kong and Macau.
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- June 14 2022
Macau extends nat cat scheme to black rain: report
The decision comes after heavy rain hit the SAR last week.
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- May 24 2022
BMS taps WTW for new chairman in Asia
Ted Hodgkinson will remain with WTW until November in order to help with the transition.
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- March 8 2022
PICC Hong Kong gains Macau licence approval
The move comes close on the heels of Lockton's decision to set up in the enclave.
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- February 15 2022
GBA opportunities open up for Macau – slowly
A talent shortage and lack of market integration remain key challenges.
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- February 11 2022
Lockton lands Macau licence
The move adds to the broker's Greater China operations in Hong Kong, Beijing, Shanghai and Guangzhou.
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- December 31 2021
China Life (Overseas) eyes Asia expansion: Moody’s
The Shenzhen-based SOE already has operations in Hong Kong, Macau, Singapore and Indonesia.
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- December 15 2021
Manulife appoints Carrie Tong to lead Macau operation
The new role comes in addition to her existing position as chief strategy officer for Hong Kong and Macau.
