Industry Segments: Construction Page 3 / 5
-
- October 9 2023
Exclusive: (Re)insurers staring at US$2bn+ losses from India’s Himalayan dam collapse, flood damage
An IFFCO Tokio-led panel of eight insurers have a US$1.37bn property damage and BI policy for the 1,200MW Teesta-III project that was completely damaged in a flash flood, show documents reviewed by IAN.
-
- October 4 2023
FM Global expands to Western Australia with Perth office
Anthony Brown has been appointed account manager and Scott Chapman becomes an account engineer for the Perth office.
-
- September 5 2023
Vincent Banton joins Aon as Asia head of construction and infrastructure
Singapore-based Banton reports to Asia head of commercial risks Paul Young and joins the global construction and infrastructure leadership team.
-
- September 1 2023
Despite dipping asset quality, EGI profitability to remain intact: Moody’s
Moody’s has assigned A3 rating to the Korean cooperative and specialist insurer with a stable outlook.
-
- July 11 2023
Axa XL strengthens Asia construction team with new hire
Singapore-based Kheng Seong Lim, who joined from Sirius, has become a construction senior underwriter.
-
- July 7 2023
China’s carriers betting on state-led infrastructure boom
The government continues to invest in railways, airports, ports and energy generation amid a slowdown in the property market.
-
- June 29 2023
Axa XL appoints Boney He as senior underwriter in Shanghai
She was previously an underwriting assistant at Brit Insurance, division of Lloyd’s China, for 10 years.
-
- June 26 2023
Korean construction insurer KSCFC eyeing overseas expansion to reduce risk: Fitch
The rating agency has assigned the cooperative an insurer rating of 'A' (strong) with a stable outlook, a notch above its standalone credit quality.
-
- May 5 2023
BHSI elevates Sydney-based Cameron Holmes to global role
Holmes will take charge as global underwriting officer, property for energy and construction.
-
- March 22 2023
Sun Hung Kai Properties Insurance underwriting results to outperform peers: AM Best
The rating agency has affirmed the Hong Kong insurer's rating at A (excellent) with a stable outlook.
-
- March 20 2023
Everest Insurance appoints Diane Chong as senior underwriter
Singapore-based Chong specialises in downstream energy, power and construction underwriting.
-
- March 9 2023
Gallagher hires North Asia head of construction and energy
Hong Kong-based Mark Chan was most recently doing a similar role at broker Oneglobal.
-
- March 6 2023
Ping An on the line for Hong Kong skyscraper fire set to cost over US$50m: sources
A blaze at an under-construction luxury hotel, which IAN understands is brokered by WTW, could be the highest property-related insurance payout in the city.
-
- March 1 2023
BMS acquires Sydney broker Armstrong Nisbet
Armstrong Nisbet Insurance Brokers is a construction and engineering specialist that has insured iconic projects such as the Sydney Opera House.
-
- February 23 2023
Axa XL appoints APAC broker and distribution leader, names China property head
Winston Zhuo joins in Shanghai from Allianz, while Carlson Grote has switched to distribution from client management.
-
- February 21 2023
Opinion: Asia’s mega rail projects to ignite premium boom
The China-backed infra projects set to generate US$14bn by 2030 come as a blessing for local and international carriers.
-
- February 1 2023
Marsh Asia in construction leadership shake-up
Asia energy and power sales head Chris Bickerstaff takes on regional leader role from Stephen Boddington who becomes chief client officer.
-
- January 13 2023
WTW hires from Aon for Asia head of construction, power & renewables
Nicki Tilney was previously Aon's head of construction, power and infrastructure.
-
- January 11 2023
Axa XL’s James Shilling to lead Australia property, energy and construction
Based in Sydney, he was most recently Axa XL’s head of international property, Australia.
-
- January 6 2023
Pricing softens across Australia’s engineering PI market, for now
While in 2022 rate on line stayed flat year-on-year, anticipated prolonged economic challenges may lead to an uptick in claims.
