Insurance business lifts HSBC’s profit in AsiaAugust 1 2017 by InsuranceAsia News Staff
- December 7
The Warburg Pincus investment vehicle will acquire the outstanding 40% stake in the non-life business that it had bought from Mapfre last year.
- November 28
As the search for nat cat capacity grows in the region, the MGA is looking at 'solid double-digit' premium growth this year on more demand from Australia, New Zealand, the Pacific islands and the Philippines.
- November 22
The first layer of claims costs, up to the owner’s liability limit, will be met by the Shipowners’ Club and the remaining claims will be paid out through the IOPC Funds.
- November 17
The group will sell its share in MAA General Assurance Philippines to Triple P Philippines for US$49.3m with an option to sell the remaining 15% stake for US$8.7m within 14 months.
The consultant is exploring potential acquisitions in Australia and New Zealand, and expanding its footprint in South-East Asia, Korea and Japan.
Managing these daunting risks will require a multi-stakeholder approach to risk identification, financing and mitigation.