News Page 282 / 1048
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- August 4 2023
Perils revises New Zealand floods loss close to NZ$2bn
This latest estimate compares to NZ$1.65bn in its first loss report six weeks after the event.
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- August 4 2023
Taiwan insurers face high capital pressure despite eased rules: Fitch
Certain new amendments under the new solvency framework will also ease the burden on local insurers.
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- August 3 2023
Chubb promotes Serene Neo to APAC head of A&H
Singapore-based Neo started the role this week and reports to Ben Howell, head of consumer, Asia Pacific.
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- August 3 2023
Mixed picture for Asia’s P&C markets in Q2 as overall composite pricing flattens: Marsh
Hong Kong led the way in overall composite rate reductions at minus 6.6% and Taiwan climbed the highest at plus 24%.
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- August 3 2023
Aon Vietnam restricted on some placement activities after regulatory inspection
The broker has been restricted from placing property, construction, fire, life and health insurance for three months until October 21.
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- August 3 2023
The Hartford’s Philip Chan to retire with Ethan Tay to lead Hong Kong operation: source
Tay, the insurer's APAC head of financial lines, will take on the additional role of responsible officer for Hong Kong, subject to regulatory approval.
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- August 2 2023
Sompo International takes BHSI’s Emily Poh to head APAC professional lines
Singapore-based Poh will report to Paul O'Neill, regional head of commercial lines.
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- August 2 2023
Japan insurance price-fixing scandal escalates as multiple complaints come to light
Reports suggest the country's big four non-life carriers may have colluded to fix premium rates in co-insurance contracts involving Tokyu Group, Keisei Electric Railway, ENEOS and East Japan Railway, among others.
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- August 2 2023
Scandal-hit Vesttoo to close Asian offices: report
The insurtech will close its Tokyo, Hong Kong and Seoul offices, and lay off around 75% of its global staff.
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- August 2 2023
Crawford’s Jonathan Hubbard to replace Tim Jarman as Australia president
The senior technical adjuster is set to start the role on August 21, with Jarman retiring at the end of the year.
