News Page 280 / 1104
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- December 22 2023
Qianhai seen as hub for cross-border insurance products: NDRC
To elevate the Greater Bay Area’s status as a financial hub, the Chinese government has called on insurers in China and Hong Kong to collaborate on marine, motor vehicle insurance, and reinsurance.
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- December 22 2023
FSA to issue business improvement orders to Japan’s big four for price-fixing: report
The regulator has determined that there were deficiencies in the company's internal control system, including rampant transactions that could potentially constitute cartels.
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- December 22 2023
Everest elevates Singapore-based Glen Browne to global head of A&H
Browne, who joined the insurer in June as head of international corporate strategy, will continue to report to co-head of international Adam Clifford.
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- December 22 2023
Pankaj Agrawal to head Gujarat & central zone for Howden India
Agarwal, who joins from general insurer ICICI Lombard, will focus on business development, profitability, growth and enhanced operational efficiency.
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- December 22 2023
Tokio Marine board shake up will see new group chairman and CEO for Japan non-life arm
Hiroaki Shirota will take over as CEO of Tokio Marine & Nichido Fire from April 1 as current chief executive Shinichi Hirose is set to become chairman of the board of directors with Satoru Komiya stepping down.
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- December 21 2023
IRDAI reviewing 19 general insurance licence applications: report
The Indian insurance regulator plans to licences more companies to increase insurance penetration under its insurance for all by 2047 policy.
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- December 21 2023
ICA declares ex-cyclone Jasper insurance catastrophe as carriers get 3,800 claims
The escalation would result in prioritising claims for affected policyholders across the region.
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- December 21 2023
Axa XL bolsters APAC & Europe team with two senior appointments
Sydney-based Julijana Sumner has been promoted to chief claims officer, while Paris-based Sandhya Louis has become chief operating officer.
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- December 21 2023
IAG finds interim group general counsel after Horton’s departure
The Australian insurer, which is facing litigation over US$4.7bn in claims, has commenced an internal and external search for a permanent replacement.
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- December 21 2023
Korean P&C insurer Hana appoints Samsung Fire & Marine’s exec as new CEO
In his new role, Bae Seong-wan, who spent more than 30 years at Samsung Fire & Marine, is expected to contribute to the growth of the carrier's long-term insurance.
