Industry Segments: Strategy Page 5 / 27
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- July 26 2024
Nova Insurance set to fully acquire China arm by year-end
While it will be business as usual for the Hong Kong broker's China unit, it has also received regulatory approval to open a branch in the city of Suzhou, its third in the country.
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- July 18 2024
Lockton opens Adelaide office, Matthew Linke, Andrew Thornton join as directors
The new office is part of its South Australia growth strategy, which aims to strengthen its existing workers’ compensation claims and injury management consulting expertise.
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- July 18 2024
Howden Hong Kong takes Marsh’s Flora Fong as executive director for business strategy and growth
In her new role, Fong will engage with large, complex and multinational clients and drive discussions on critical topics such as climate risk and resilience, energy transition, digital transformation, cyber and political risks.
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- July 18 2024
Commercial property specialist FM Global rebrands as FM
FM will serve as the parent brand for its flagship mutual insurance company and commercial property insurer AFM.
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- July 17 2024
Mitsui Sumitomo-backed Haven Underwriting launches in Australia
Sydney-based MGA, founded by Barnaby Williams, will offer industrial special risk property cover.
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- July 16 2024
AUB targets New Zealand expansion through equity partnership with Northco
Northco’s management will retain a significant shareholding "to continue to adopt an entrepreneurial focus for the business".
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- July 11 2024
Sompo ropes in AIG’s Bill Zhang as consumer lines president for APAC
Zhang will be responsible for leading the consumer lines strategy and operating model across Asia Pacific, reporting to Kenneth Reilly, APAC CEO of insurance.
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- July 10 2024
Zurich turbocharges Hong Kong EV insurance business by courting used car owners
As a key growth area for the city, Zurich has dialled up its effort to attract EV policyholders to switch from competitors and is exploring more product opportunities for the Greater Bay Area, says Clement Hau, chief underwriting officer for general insurance, Hong Kong.
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- July 6 2024
Mapfre Re seeks China expansion via new subsidiary in Beijing
The recent approval from the financial regulator will allow the Spanish reinsurer expand its business in the country where it has until recently maintained a presence through a representative office.
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- July 6 2024
Suncorp lifts top of cat reinsurance tower to US$4.6bn for FY 2025
The cat reinsurance program will protect from major events starting from AU$350m (US$236.2m), and renewed program changes have no material impact on target capital for the group.
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- July 4 2024
Zurich-owned Cover-More announces new group CEO
David Fike will lead the company through a significant integration phase following Zurich's acquisition of AIG's global personal travel insurance and assistance business.
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- July 1 2024
BMS expands Japan M&A insurance team with a senior appointment
Tokyo-based Ryo Iizuka, who joins as director of the private equity, mergers & acquisitions, and tax, will report to Tim Hewitt, head of BMS Japan, and work alongside associate Kaori Iwai.
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- June 26 2024
Mitsui Sumitomo plans to merge continental European subsidiaries
The Japanese insurance group has announced that it will integrate MS Amlin Insurance and MSIG Insurance Europe by summer next year.
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- June 25 2024
China Re-owned Chaucer hires Hayley Spink as group chief operating officer
London-based Spink, who joins from Apollo Syndicate 1969, has in the past worked in Shanghai helping set up Lloyd’s China.
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- June 25 2024
Exclusive: Gallagher retreats from Japan a year after launch
The broker closed its wholesale broking business in May while the retail agency business is expected to close by end of this month, InsuranceAsia News understands.
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- June 20 2024
HDI Global expands South Australia operations with Adelaide office
City-based market manager Andrew Beare and property underwriter Elicia Scudds as well as employees from claims, risk engineering and international programs teams will move to the new office to connect with local brokers and clients.
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- June 19 2024
QBE to wind down North American middle-market business
The shuttering of the underperforming unit will not affect core specialty, crop and commercial business, the Australian carrier said.
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- June 7 2024
Cornerstone Risk Group expands in NSW with senior hire
Insurance broker Cornerstone Risk Group has appointed Calum Flynn to head its new Sydney operations as the firm expands its footprint along the east coast of Australia.
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- June 5 2024
Chubb lands Australian aviation specialist MGA
The global insurer plans to close the acquisition of Melbourne-based Catalyst Aviation Insurance by the end of this month.
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- June 5 2024
Aldi partners with RACQ and Honey Insurance to launch insurance offering in Australia
The supermarket chain's insurance arm will offer car, homeowners and renters, including free smart home sensors, and landlord policies across the country.
