Industry Segments: Strategy Page 11 / 26
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- June 16 2023
William Song to head MSIG’s Asia strategy and M&A functions
Felicia Er takes over from Song as the Singapore-based carrier’s chief risk officer.
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- June 15 2023
IAG hikes rates substantially in New Zealand and Australia
The carrier said price rises of up to 30% were a result of unprecedented nat cats, claims' inflation and reinsurance costs.
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- June 14 2023
Ardonagh-backed Envest targets Asia, NZ and more Australia M&A
'We will look to expand into Hong Kong or Singapore or both in the next couple of years,' CEO Greg Mullins tells IAN.
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- June 13 2023
Seoul Guarantee Insurance to file for IPO this month: report
The state-owned carrier, which is expanding overseas with reinsurance tie-ups with Allianz Trade and Coface, is eyeing a listing later this year as its biggest shareholder plans to exit.
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- June 9 2023
China targets global cedents with Shanghai reinsurance hub
The international board, launched on June 8, rolls out incentives for international (re)insurers to tap the country's capital.
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- June 6 2023
Axa rejigs leadership team, Gordon Watson becomes Asia non-exec chairman
With the reshuffle, Japan and Greater China will report to George Stansfield, group deputy CEO, while South-East Asia and India will be overseen by Hassan El-Shabrawish, CEO of international markets.
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- June 6 2023
Target Insurance to raise US$680m through its UAE arm Himalayas Insurance
The owner of the liquidated Hong Kong taxi insurer is eyeing a resumption of business with its new Middle Eastern venture.
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- June 6 2023
Despite the buzz, Korean insurance M&A slow to take off
A consolidated market, low valuations and lack of sizeable targets make dealmaking hard in the north Asian country.
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- June 5 2023
Australian cyber specialist Emergence Insurance launches in New Zealand
The MGA's new branch will be led by Fraser Walker, who joins as business development manager from AIG New Zealand.
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- June 5 2023
Everest Insurance hires Glen Browne as head of international corporate strategy
Singapore-based Browne previously had a senior regional role for Chubb's personal lines business.
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- May 29 2023
Lloyd’s, QBE, Axa, Scor, Allianz and Sompo exit Net-Zero Insurance Alliance
The moves come after Hannover Re, Zurich, Scor, Swiss Re and Munich Re left the group with anti-trust issues in the US understood to be a concern.
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- May 24 2023
US broking giant Brown & Brown enters Asia with Kentro buy
The sixth largest global broker eyes expansion in the region through MGA Nexus and specialty broker Capstone.
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- May 23 2023
Axa XL looks to tap into Asia corporate mindset shift
The French (re)insurer sees huge potential in the region with eight Asian markets expected to grow 11% per year from 2021 to 2025.
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- May 22 2023
Starr targetting Korea market entry: report
The carrier will seek to enter the country’s travel and accident insurance markets from 2024 if it gets a licence later this year, a BusinessKorea report said.
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- May 17 2023
Howden appoints APAC chair amid global management restructure
Mark Wood takes on the insurance broking role with Goh Chye Huat and Matt Bacon to lead Asia and Pacific, respectively, as the broker brings retail, specialty, reinsurance and underwriting under group CEO David Howden.
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- May 12 2023
Fortitude Re opens representative office in Tokyo
The global reinsurer has appointed Hajime Kawafuji, who joins from the company's private equity owner Carlyle, as Japan chief representative.
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- May 11 2023
PI specialist ITIC targets Hong Kong and Singapore for regional expansion
The carrier is moving away from marine to aviation and offshore energy, Robert Hodge, head of South-East Asia, tells IAN.
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- May 9 2023
Travel company EaseMyTrip plans to enter Indian non-life business
The board met on May 8 to approve plans to set up a wholly owned subsidiary to start a GI arm and consider overseas acquisitions.
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- May 9 2023
IAG’s chief strategy officer and CFO to exit
Tim Plant leaves at the end of June as the carrier consolidates group functions, while CFO Michelle McPherson will retire by the end of 2023.
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- May 3 2023
Exclusive: McLarens expands in Malaysia with two more branches amid hiring spree
The loss adjuster has opened offices in Johor and Penang and has recruited several senior adjusters.
