Subject: Commercial Page 2 / 5
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- January 9 2025
Coface names Karen Ong as head of commercial for Singapore
Ong has been at the trade credit insurer for over eight years, most recently as regional head of commercial operations.
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- December 18 2024
Scor hires Amy Fu as APAC commercial head for SBS insurance arm
"Newly created global commercial team is now complete", says Scor Business Solutions (SBS) chief commercial officer Benjamin Auray.
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- December 12 2024
Rising personal lines prices help stabilise global P&C sector: Moody’s
Pricing in China is unlikely to meaningfully improve, especially in motor, due to directives designed to reduce financial pressure on policyholders as well as mispricing risk for EVs.
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- October 25 2024
Pacific rates drop 6% in Q3 driven by declines in finpro, cyber and property lines: Marsh
Finpro premiums was down 14%, while cyber cover saw a 11% disclose and property declined 6% as increased competition and capacity weighed on ratings.
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- October 24 2024
China launches new insurance scheme to support cross-border commerce: report
Insurance companies can offer tariff guarantees for cross-border businesses, eliminating the need for them to use physical collateral or pay large tariff deposits to banks.
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- October 10 2024
Marsh Pacific promotes Johannes-Daniel Veldsman as head of corporate and commercial
Veldsman takes over the role from Andrew Fluitsma. who is understood to have left the broker earlier this year.
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- October 3 2024
Zurich Kotak appoints Ajey Hegde to lead its commercial portfolio
Hegde, an industry veteran with over two decades of experience, was executive vice president with Tata AIG General Insurance prior to this move.
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- September 6 2024
Everest promotes Maureen Ung to Asia commercial director
Singapore-based Ung has been head of claims for the region since she joined the carrier in June 2024.
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- August 6 2024
Zurich Hong Kong elevates Lena Liu to head of middle market, commercial insurance
Liu, who has been with the carrier for more than 14 years, was most recently head of operations, international programs and captives.
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- July 11 2024
Allianz Commercial names Young Jeong Lee as head of financial lines, Korea
Lee joined from Samsung Fire & Marine, where he worked 12 years as a senior professional in its finance and energy department and global strategy department.
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- July 4 2024
Korea to provide US$2bn trade insurance as ‘AI supercycle’ looms: report
South Korea's Trade, Industry and Energy Minister Ahn Deok-geun said that the demand for power from AI utilisation has boosted the power device market in a supercycle through which the country can bolster its exports.
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- June 27 2024
Korean battery plant fire claims likely to leave reinsurers unscathed
The primary insurers, KB Insurance and DB Insurance, are expected to retain the losses from the blaze at the Aricell unit as property and liability claims are expected to be relatively low, InsuranceAsia News understands.
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- June 26 2024
HDI Global combines ANZ commercial, specialty leadership with Stefan Feldmann in charge
Feldmann has been handed the additional charge after Mark Fleiser left the business following an organisational restructure in the region.
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- June 12 2024
Dual New Zealand expands underwriting team with IAG hires
Howden-owned MGA has appointed Leon Downey as senior underwriter for casualty and financial lines and Claire Ji as commercial underwriter, both based in Auckland.
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- June 6 2024
Allianz Australia elevates Kim Nguyen to national relationship manager, distribution
Previously an Allianz Commercial key account manager, Nguyen has been with Allianz Australia for eight years.
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- May 22 2024
Rise of autonomous vehicles switches gears on motor liability cover
As the use of self-driving technology widens to taxi and minibus fleets in China, (re)insurers are referencing new regulations on their use on roads to explore new cover for autonomous vehicles.
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- May 9 2024
Arch Australia grows executive assurance team with senior underwriter hire
Melbourne-based Jessica Wehbeh has joined the carrier's management liability and D&O products team from AIG.
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- May 6 2024
Zurich Hong Kong appoints Chen Wai Khong as head of property
Chen will relocate to the SAR from Kuala Lumpur, where he was regional property underwriter for Allianz.
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- April 30 2024
Australian MGA Market Lane expands New Zealand team with BHSI hire
Auckland-based Luke Scott joins as regional development manager for the MGA's specialty commercial insurance underwriter The Barn New Zealand and will help deliver broker partner solutions.
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- April 19 2024
Liberty to combine Asian specialty and retail businesses under Matthew Jackson’s leadership
The new unified division, Liberty International Insurance, will continue to go to market under its existing brands, including Liberty Specialty Markets and Liberty Insurance.
