News Page 263 / 1220
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- October 17 2024
APRA urges carriers to reflect on MGA risks, prioritise 2025 prudential standards
Executive board member Suzanne Smith said that a focus for the regulator in the coming year is the risk associated with outsourced underwriting to agencies.
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- October 17 2024
Exclusive: WTW restructures Asia political violence terrorism team as regional head exits
Leonard Chan, head of terrorism and political violence, Asia, has recently resigned from the role, InsuranceAsian News can reveal.
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- October 17 2024
HDI Global names Adriana Giometti as market manager in Australia
Sydney-based Giometti will be in charge of major accounts practice, strategic agreements and German international programmes.
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- October 17 2024
Asia economic losses for 9M 2024 top US$70bn as secondary perils drive costs: Gallagher Re
Three of the top five costliest economic events for the period were in Asia – China seasonal floods, Typhoon Yagi and the Noto Peninsula earthquake – accounting for combined US$50bn in economic losses and US$4.7bn in insured losses.
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- October 17 2024
Harry Edwards succeeds Céline Peredy as Allianz Trade’s Asean hub commercial director
Peredy has relocated to Paris to assume the new role of strategic account director for multinationals for the carrier.
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- October 17 2024
Mitsui Sumitomo to offer Australia cyber capacity to Coalition
The multi-year agreement, starting January 1, 2025, will include collaboration on cybersecurity solutions for small and medium-sized enterprises in Japan.
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- October 16 2024
Howden strengthens Asia consulting team with London move
Giles Haythornthwaite will relocate to Singapore as associate director for Howden Markets Asia.
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- October 16 2024
Hong Kong to foster marine insurance amid effort to consolidate global risk management centre status
The SAR government will encourage leading marine insurers to establish presence in the city and develop marine insurance talents, chief executive John Lee says in policy address.
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- October 16 2024
Vietnam’s Techcombank set to launch non-life carrier
Hanoi-headquartered Techcom Non-Life Insurance received approval from the Ministry of Finance and is expected to start operations early November.
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- October 16 2024
Scor promotes Paula Bourke to CEO of life and health for ANZ
Sydney-based Bourke was most recently the reinsurer's regional deputy CEO and global head of proposition and innovation, L&H.
