Industry Segments: Captives Page 1 / 3
-
- November 7 2024
PCRIC, WTW renew Pacific islands reinsurance portfolio
The Pacific Islands captive has developed new policy designs with the support from WTW’s disaster risk finance and alternative risk transfer teams.
-
- October 23 2024
HDI Global’s ART unit eyes Asia expansion under new leadership
The carrier’s specialist unit HDI Enablers is looking to expand into Malaysia following the appointment of Eric Joly-Pottuz as head.
-
- 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.
-
- September 30 2024
Seadrif targets Asean expansion as it ramps up advocacy to tackle bottlenecks
While it has achieved success in Laos, a significant protection gap persists in the region, highlighting the need for improved data management and government support for effective disaster risk solutions, chairman Yoshihiro Kawai tells IAN.
-
- September 17 2024
Howden enters Japanese retail broking with Foresight acquisition, names Takuya Aibe CEO
Tokyo-headquartered Foresight offers retail brokerage, captive consulting & management services. The newly acquired business will be led by Aibe, who was most recently CEO of Gallagher Japan.
-
- September 12 2024
Captives pivotal to development of Belt & Road green energy projects: HKIA panel
The SAR seeks to be the preferred captive domicile to manage risks from overseas renewable energy projects, participants at a Belt & Road summit moderated by the city's Insurance Authority heard.
-
- September 5 2024
Pacific islands cat pool PCRIC mulls expansion into private sector cover
The captive for the island nations is looking at extending parametric solutions to the underserved private sectors such as tourism, fisheries, and utilities, according to chief executive Aholotu Palu.
-
- July 23 2024
Hong Kong captive growth stalls as Singapore, Labuan pull away
With recent rule changes still being digested by the wider market, the SAR’s ambitions to grow as a regional centre for captive management are not yet bearing fruit.
-
- July 8 2024
Pacific Islands captive PCRIC’s FY2023 net underwriting profit down 5%
Thanks to a World Bank grant support it recorded a US$1.4m surplus for the year. The company sold a total of eight policies while incurring zero claims.
-
- July 3 2024
Pacific Islands captive PCRIC appoints Richard Poulter as chief risk officer
In his new role, Poulter will manage risk calculation in relation to insurance design, reinsurance and capital management and ensure PCIRC members meet each country’s objectives for financial protection against disaster risks.
-
- February 28 2024
Hong Kong reiterates pledge to develop as ILS hub in 2024-25 budget
The city's financial secretary repeated its goal of developing insurance-linked securities such as cat bonds, and attracting captives as key to developing its specialty insurance market.
-
- February 26 2024
WTW hires new APAC captives lead from Aon
Singapore-based Joyce Chua will provide captive and risk finance insights helping companies retain risk and manage their (re)insurance programs.
-
- January 15 2024
Hong Kong’s proposed risk-based capital requirements extend waivers to marine, captive insurers
The Insurance Authority of Hong Kong has proposed a set of rules that seek to lighten the compliance burden for captives and marine insurers under the new capital regime slated for 2024 2H.
-
- August 23 2023
WTW appoints Adrian Chua as regional managing director for captives
Singapore-based Chua joins from Cigna Singapore, where he was the chief strategy officer.
-
- August 23 2023
Asian Captive Conference 2023 to set the agenda on self-insurance
The sixth iteration of the conference in Kuala Lumpur, co-hosted by Labuan IBFC and LIIA, will feature a diverse mix of professionals from the global captive industry.
-
- August 17 2023
Opinion: India’s delayed insurance reforms will hurt growth agenda
With the much-anticipated parliamentary bill shelved, the government needs to act fast to ensure that the industry gets its due.
-
- July 18 2023
CNPC Captive’s COR improves 24 points to 71% on reserve releases: Moody’s
The rating agency affirming the captive's A2 rating noting that it has reduced exposure to cat perils after it ceased insuring some pipeline assets divested by CNPC.
-
- June 26 2023
Asta sounds out syndicates to join Lloyd’s Asia
With Mosaic and Volante launching on the platform in Singapore, international and regional players may follow the lead.
-
- June 5 2023
Petronas’ captive could see further stress ahead, outlook negative: AM Best
Outlook for Energas Insurance, which had a COR of 106% for FY 2022, has been downgraded to negative by the rating agency.
-
- May 26 2023
Labuan struggles to reignite interest as global insurance hub
Covid-19 may be over but global capital still isn’t returning to Malaysia’s offshore centre.
