Industry Segments: Strategy Page 5 / 21
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- July 31 2023
Ben Carey to join Chubb as APAC head of field operations
Carey, who is leaving Everest Insurance, will start the newly created role in Q1 2024 and be based in Singapore.
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- July 25 2023
Asia cyber market ‘to outperform the rest of the world’
While most of the buyers are still larger companies, the real growth opportunities come from the underpenetrated SME and mid-market.
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- July 25 2023
Exclusive: Sedgwick cuts 14 staff in Singapore – sources
Nicki Dunn, Sedgwick's Singapore chief executive, tells IAN that the city-state remains the "focal point" of the adjuster's Asia business.
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- July 24 2023
Allianz Commercial launches in Asia and Australia
The merged division will have 11 regions with Asia led by Christian Sandric and Australia by Phuong Ly.
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- July 21 2023
AIG hires Chubb’s APAC P&C head as Australia CEO
Grant Cairns will also become head of Australia and New Zealand from the beginning of November and will report to Chris Colahan, AIG's APAC leader.
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- July 19 2023
Liberty’s Asia reorganisation will have ‘no job impacts’
The realignment from August 1 brings together all the insurer's businesses in Asia under the leadership of Phil Hobbs, president and managing director, Liberty Specialty Markets.
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- July 17 2023
Exclusive: Ryan Specialty set for Asia foray with M&A unit
The MGA, Ryan Transactional Risk, has hired an AIG exec to lead the Singapore office, which will write business from across Asia Pacific.
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- July 13 2023
HDI takes Markel’s James Guardino to enter Asian political & credit risk market
Guardino will report to Singapore managing director Graham Silton and Nick Robinson, HDI Global Specialty’s head of political and credit risk in London.
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- July 12 2023
Zurich hires APAC head of strategy
Nitya Bhutani joins from consultancy Bain in Singapore.
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- July 11 2023
China reopening to drive non-life growth as APAC nat cat protection gap widens
Swiss Re is forecasting emerging Asia to see non-life growth of over 6.5% in 2023 with global P&C premiums set to cross US$4tn this year.
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- July 10 2023
Allianz Commercial hires AIG veteran Christian Sandric, Mark Mitchell set to leave
Sandric is joining on September 1 as managing director for Asia, with Mitchell, AGCS Asia managing director, leaving the group.
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- July 3 2023
Exclusive: Castel-backed M&A specialist Transact Risk Partners set for Asia launch
The Dutch MGA's Singapore office will be led by senior underwriter Reuben Lee and is likely to start as early as August, IAN can reveal.
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- June 28 2023
Everest Insurance hires Marsh veteran to head APAC
Sydney-based Scott Leney will oversee business strategy and portfolios both in Asia and the Pacific and report to Everest Insurance International co-heads Adam Clifford and Jason Keen.
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- June 23 2023
Australasia cyber talent pool widens amid more buyers and high limits
Insurers are fast expanding their cyber underwriting teams in the region due to rising vulnerability to cyber-attacks and growing demand.
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- June 22 2023
Analytics: Hong Kong and China P&C players’ underwriting margins squeezed
Carriers are under pressure as reinsurance costs rise, however, at 10% coverage for the top 15 Chinese insurers, there is plenty of room to grow.
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- June 21 2023
Korea’s Nonghyup Property and Casualty inks strategic parternship with Vietnam’s PVI Insurance
The two carriers plan to extend reinsurance capabilities and share customer networks and services in South-East Asia.
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- June 19 2023
AUB completes US$10m share purchase plan
The proceeds will be used to increase financial flexibility and balance sheet strength to allow AUB to capitalise on its 'attractive M&A pipeline'.
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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.
