News Page 23 / 1099
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- June 24 2025
Sompo names Alasdair Walker Hong Kong CEO as Li Sheung Kin set to retire
Walker will be responsible for driving Hong Kong’s profitability and capabilities as a key commercial business hub in Asia Pacific, reporting into regional insurance CEO Kenneth Reilly.
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- June 24 2025
Allianz’s capital reduction plan stymied Income deal, says MAS
Singapore government struggled to reconcile the proposal with Income's representations when it carried over US$1.5bn in surplus during corporatisation.
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- June 24 2025
Korean insurers to face capitalisation pressure due to falling interest rates, tighter norms: Fitch Ratings
Ongoing volatility in investment returns amid financial market uncertainty could challenge the overall stability of insurers’ profitability, according to the global rating agency.
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- June 24 2025
Warburg Pincus in talks to divest 10% stake in India’s SBI General: report
Private equity firm is in discussions with other shareholders Premji Invest and State Bank of India for a deal that could value the general insurer at US$4.5bn.
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- June 23 2025
Zurich Kotak launches commercial insurance division
The carrier will expand into commercial property, liability, marine, and engineering, covering a range of businesses from SMEs to large corporates.
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- June 23 2025
Price Forbes appoints Suvimol Sathanart as Asia property chief
Singapore-based Sathanart, who joins from Direct Asia, will report to chief broking officer Julian Coates.
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- June 23 2025
Fitch upgrades outlook for Sinar Mas to positive on improved capitalisation, profitability
Global rating agency revises the Jakarta-based insurer’s financial strength rating outlook to positive from stable, and affirmed an AA+(idn) rating.
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- June 23 2025
Sharna Stallard returns to Agile as financial lines underwriter
Stallard has over 25 years of insurance experience with expertise across financial lines and general insurance broking.
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- June 23 2025
UIB Asia hires Guy Carpenter’s Markus Sayuti as executive director for treaty and retro division
Singapore-based Sayuti will report to Asia CEO Francis Savari.
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- June 23 2025
Samsung Re takes Gallagher Re’s Sie Liang Lau as head of cyber and casualty
Singapore-based Lau will lead build out of the reinsurer's portfolios across APAC and MENA, while supporting Samsung Fire & Marine's global cyber insurance ambitions.
