Line of business: Liability Page 3 / 4
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- December 15 2023
OneDegree Group gets strategic investment from Dubai Insurance
Following the partnership, the Hong Kong-based virtual insurer will offer professional indemnity and directors' and officers' policies, primarily catering to web3 companies, in UAE.
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- December 11 2023
Singapore mulls expanding policy owner protection to third-party liability, travel cover
MAS' consultation paper proposes to enhance the coverage, simplify design, and improve operational efficacy of the insurance policy owners' protection scheme and it is open for comments till February 16, 2024.
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- December 4 2023
APRA issues general insurance licence to Ivory Insurance
The startup plans to provide professional indemnity and general liability insurance capacity to underwriting agencies in the Australian SME market.
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- November 22 2023
IAG Australia hires Liberty’s Ashley Leszczuk as lead liability underwriter
Sydney-based Leszczuk will start his new role on November 27.
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- October 26 2023
Starr Insurance hands Steve Gosnell additional role as head of liability for Australia
Melbourne-based Gosnell has been the American insurer's regional business development manager for APAC.
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- October 26 2023
HDI Global ropes in Laura Lawrence as mid-market liability underwriting manager
Lawrence was most recently liability underwriting manager - northern region for the Australian insurer CGU Insurance.
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- October 9 2023
Greensill investor alleges Marsh was aware of serious problems: report
The broker says that there were no breach of duties and puts the onus on private equity firm White Oak for due diligence.
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- October 3 2023
Opinion: Is APAC really a mature insurance market?
A healthy 12% CAGR across the bespoke and nuanced liability covers markets is a sign that the region is quickly catching up with the US and Europe.
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- September 7 2023
Analytics: Chinese P&C carriers focus on agri, liability offerings in acceleration away from motor
- Analytics
- China
- China Continent P&C
- China Pacific Insurance P&C
- PICC Property and Casualty
- Ping An
- Sunshine Insurance
Improved underwriting results, new products and a push from the government are driving growth, but an uncertain economic outlook has seen carriers rush to pare credit surety exposures.
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- August 3 2023
US ‘nuclear verdicts’ reverberate in Asia
Regional liability premiums may feel the pinch of US social inflation as supply chains recover.
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- July 17 2023
Chubb names Jeremy Leow as Asia PI and medical malpractice underwriting manager
The insurer has also appointed Wendy Lai to head its bancassurance partnership with Hang Seng Bank in Hong Kong.
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- June 20 2023
Indian government tells carriers to hold third-party motor rates: report
New premium rates for compulsory motor covers will take effect from August, with reductions in certain categories.
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- May 11 2023
Berkley Insurance Asia promotes Owen Yin and Jack Zhao in China
Yin has been named Asia technical lead, casualty lines, and Zhao as Asia technical lead, life sciences.
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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
Berkley promotes Jasmine Lo to head of casualty, South-East Asia
Lo will continue to report to Aaron Yip, chief executive of the insurer's Singapore branch.
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- April 28 2023
Australian MGA Xenon approved as Lloyd’s coverholder
Xenon Underwriting will offer SME, complex and high hazard property and liability lines, through several Lloyd's binders.
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- March 6 2023
Charles Taylor boosts Australia team with eight hires
The property and liability teams each will take on board three new members in Melbourne, Sydney, Perth and Townsville.
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- February 27 2023
Inflation pinches ‘high-margin’ liability lines’ profitability
Hit by the 1.1 renewals, many Asian carriers are seeing opportunities in liability cover but there are dangers in the tail.
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- January 20 2023
AGCS’ Sam Poquiz takes on Pacific liability manager role
Poquiz, who joined the specialty player in 2015, starts on January 23 and has relocated to Sydney.
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- 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.
