Subject: Strategy Page 5 / 28
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- October 7 2024
Indian regulator urges insurers to go public: report
In its meetings with senior insurance officials, IRDAI is nudging companies that have been in operation for more than a decade to list in a bid to align with global corporate governance standards.
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- October 2 2024
IAG announces massive job cuts amid teams restructure: report
The layoffs will affect 214 roles across underwriting, direct claims, distribution and digital business in its direct and intermediated insurance businesses.
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- September 23 2024
India’s Equirus Group acquires strategic stake in Raghnall Insurance Broking
Following the deal, the companies expect to place GWP of US$47.9m this year and US$119.7m by FY 2028.
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- September 19 2024
HDI Global appoints Michael Ahn as Hong Kong CEO as Daniel Lau steps up to a regional role
While Ahn as CEO will lead strategic growth of the Hong Kong branch office, Lau has been tasked to drive the specialty player's growth in international programmes.
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- September 18 2024
American bond insurance specialist BAM launches in ANZ
The monoline mutual will focus on energy transition and social infrastructure projects in the region.
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- September 16 2024
Japan’s big 4 submit progress of business improvement plan to FSA
Tokio Marine & Nichido Fire Insurance, Sompo Japan and MS&AD's subsidiaries Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance' measures to improve compliance, audits throughout the year, and new bottom-line indicators that reflect profitability.
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- September 4 2024
Indian government launches US$560m sale of 6.8% GIC Re stake
The secondary placement, being offered at a floor price of US$4.70 apiece over two days, is intended to reduce the government's stake in the reinsurer to meet the minimum public float requirements for Indian listed companies.
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- September 2 2024
Miller expands sports and entertainment offering into APAC with senior hire
Siva Krishnan will head the new line in the region focusing on live events, sporting events and tours, sport associations and film & TV.
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- August 30 2024
Agile launches New Zealand operation to strengthen Lloyd’s Pacific presence
The newly established Agile Insurance Group NZ will write general aviation, accident and health, casualty and professional lines.
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- August 29 2024
Great Eastern names ex-HSBC veteran Greg Hingston as CEO
Succeeding Khor Hock Seng who is retiring in October, Hingston joins from HSBC after spending 18 years with the bank in several senior roles, including CEO of global insurance and partnerships.
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- August 28 2024
Generali’s Indian JVs to rebrand following regulatory approvals on stake sale: report
The branding overhaul would see "Future" omitted from the name, and will likely take place after regulators approve the stake sale by Future Enterprises Limited, according to the local media.
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- August 27 2024
Aon Hong Kong appoints Phil Bautista Steel as director for growth & delivering Aon united
Steel joins Aon from CCW Global where he was most recently a sales manager. He is the former president of Hong Kong Insurers Club for four years since 2019.
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- August 23 2024
IAG releases climate action plan to meet FY 2030 emissions reduction targets
The carrier is focusing on phasing out underwriting for entities that are predominantly in the fossil fuels businesses and identifying, assessing and integrating climate resilience, decarbonisation, and other sustainability criteria, into its decisions.
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- August 23 2024
AUB launches third strata MGA Rubix Underwriting as division’s pre-tax profit surges 58%
The new entity will have Lloyd's as the capacity provider and will allow the broker to grow its strata portfolio which already includes brands SUU and Longitude.
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- August 23 2024
PSC Insurance FY2024 revenue up 15.5% on UK business growth
The ASX-listed broking group said it expects to complete its US$1.5bn sale to The Ardonagh Group by October 11.
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- August 21 2024
HDI Global targets bigger market share in Asia, further regional ANZ expansion in H2 2024
The industrial lines specialist reported strong growth across its Australia and Singapore branches driven by a growth in new business and inflation-related price adjustments in the first half of the year.
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- August 20 2024
GIC Re mulling exiting its non-core housing financing arm: report
The reinsurer, which holds a 15.26% stake in GIC Housing Finance, plans to bring in an investor to divest its stake.
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- August 19 2024
India government may pare stake in GIC Re through secondary placement: report
The state-owned reinsurer plans to starts growing its international book of business from next year as it is expecting a rating upgrade to "A-" from AM Best.
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- August 14 2024
Canopius CEO highlights strong pipeline for APAC H2 growth
With a new regional CEO in place, the carrier is optimistic about growth prospects for the remainder of the year.
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- August 2 2024
Lockton promotes Chris Brown to CEO of Lockton International
In his new role, London-based Brown will drive Lockton's strategy and growth across Europe, Latin America, Asia, Pacific (Australia & New Zealand), Middle East and North Africa.
