News Page 320 / 1279
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- October 22 2024
FWD Group reshuffles Malaysia leadership, promotes Aman Chowla to CEO of takaful
Mak See Sen will replace Chowla's previous role as CEO of FWD Insurance, effective November 18.
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- October 22 2024
Australia financial services minister defends brokers commisions
Minister Stephen Jones confirms that broker commissions are safe and they are not the issue at the heart of the recent allegations from the Australian Broadcasting Corporation on hidden fees and secret kickbacks in the strata industry
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- October 22 2024
Australian financial ombudsman tells Suncorp to scrap 60% home premium hike: report
The action against the carrier follows recent regulatory fines against several insurers over allegations of mispricing and a class action suit against IAG over excessive hikes in home insurance renewal premiums.
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- October 22 2024
General insurers’ bodies urge heads of Commonwealth nations to discuss extreme weather impact
The four associations agreed that as extreme weather intensifies, populations expand and more homes are put in harm’s way, the insurance protection gap will widen.
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- October 21 2024
Chubb names Jon Longmore as country president of Malaysia
Longmore succeeds Stephen Crouch, who will take on the role head of government affairs for Asia Pacific.
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- October 21 2024
Miller reinforces Japan non-marine business with senior Marsh hire
Satoshi Watanabe will be responsible for expanding the broker’s non-marine arm, reporting to Tokinori Kono, head of non-marine broking for the firm's Japanese arm, Lead Insurance Services.
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- October 21 2024
Chubb strengthens Asia climate focus with Aon veteran hire
Singapore-based Yashaswi Sinha joins the carrier as climate+ industry practice leader for Asia.
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- October 21 2024
Starr Insurance receives regulatory nod for Seoul branch
The carrier's new branch will be led by Aon veterean Paul Choi and it will offer commercial P&C products across Korea.
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- October 21 2024
South Korea’s Construction Guarantee members facing liquidity pressure: AM Best
The rating agency has downgraded the surety underwriter's outlook to negative from stable while affirming its rating at A+ (superior).
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- October 21 2024
Material headroom for growth in Asian financial and professional lines: Markel
Despite softening and macro challenges in some markets, areas like Hong Kong, Singapore and India are slightly further afield offering strong opportunities.
