News Page 1131 / 1166
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- August 6 2015
Maritime insurance costs up $3.2bn as piracy rises
Attacks by pirates on commercial shipping in South-East Asia rose to a 12-year high in the first half of this year.
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- August 6 2015
GIC Re, names K Sananth Kumar as acting GM
Industry veteran replaces Ashok Roy who retired at the end of July.
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- August 5 2015
China Reinsurance files for HK IPO
State-owned reinsurer could raise up to US$2bn, hires CICC, UBS and HSBC as joint sponsors.
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- August 5 2015
Air India seeks bidders for US$9bn fleet insurance
Indian state flag carrier was faced with a 15% rise in premiums last year.
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- August 5 2015
Bangladesh to appoint auditor to check spending of life insurers
Majority of the country's life insurers were in breach of their respective spending limits last year.
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- August 5 2015
TigerRisk enters China and names Houqin Zhu as Hong Kong head
Reinsurance broker marks it's first presence in Asia with the hiring of former American Re and QBE Re veteran.
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- August 4 2015
Peak Re appoints head of Europe
The Hong Kong-based reinsurer will also open a Zurich office as it continues its expansion outside Asia.
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- August 4 2015
Hong Kong’s insurance gap forecast to balloon by 2020
The gap will be among the highest in Asia within five years, up to as much as US$763 billion, say AIA and Citi.
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- August 4 2015
Singapore to implement compulsory insurance scheme
Starting November 1, all citizens and permanent residents will be covered under the national lifelong insurance scheme.
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- August 4 2015
HSBC targets Asia growth by expanding insurance business
The bank has reiterated its strategy of expanding its Asian insurance business and boosting its Pearl River delta presence.
