News Page 254 / 1316
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- May 23 2025
Hong Kong insurers to maintain resilient capital positions: Fitch
Hong Kong Financial Reporting Standard 17 and the Hong Kong risk-based capital (HKRBC) regime have been rolled out in recent years.
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- May 23 2025
Marsh settles US$143m Greensill lawsuit: report
Broker reaches confidential settlement with White Oak, which had accused the intermediary of 'fraudulent misrepresentation'.
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- May 23 2025
SMBC Aviation’s insurance settlements for jets stranded in Russia reach US$1.4bn
Japanese aircraft lessor says it received US$24m in FY25 and US$630m, in addition to a US$756m settlement from Russian insurer NSK in 2023.
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- May 23 2025
Axa ‘among the first’ to utilise new Hong Kong re-domicile regime, to move Bermudan unit
Hong Kong government passed the inward company re-domiciliation regime last week.
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- May 23 2025
Asia warming to MGAs as regulators, capacity providers embrace niche underwriting: Qubit’s Helen Ye
Hong Kong MGA eyes regional expansion as it plans to 'become a leading underwriter in the digital asset space across Asia Pacific'.
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- May 22 2025
German insurer SV partners with Japan’s Zenkyoren to debut US$100m earthquake bond
The 3-year bond covers losses from Japan on an indemnity basis and across Germany on a parametric basis.
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- May 22 2025
AIG Australia & New Zealand CEO Grant Cairns to depart, Kathleen Warden appointed GM
Warden and New Zealand GM Liam Pomfret will report directly to regional president Chirs Colahan.
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- May 22 2025
Lockton promotes Piers Hughes to head of placement for Asia
Singapore-based Hughes has been with Lockton for almost five and a half years.
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- May 22 2025
Lloyd’s elevates Janus Cheung to head of market development for Asia
Singapore-based Cheung has been with Lloyd's for almsot two and a half years.
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- May 22 2025
Philippines’ insurance penetration grows to 1.89% in Q1 2025: IC
The Insurance Commission attributed the improvement to the faster premium growth, with the non-life NWP rising 19.3% to US$365m, mostly supported by the motor and fire lines.
