Axa names new Asia CEO in global management reshuffle

Axa names new Asia CEO in global management reshuffle

Axa names new Asia CEO in global management reshuffle

French multinational insurer Axa has unveiled a new management structure for its international operations, which includes the appointment of Gordon Watson as chief executive for Asia, including Japan, effective from 1 January. The role has been vacant since the resignation of Jean-Louis Laurent Josi at the end of June. Axa had hoped to name his successor before the end of…

Malaysia and Australia suffer massive data breaches

Malaysia and Australia suffer massive data breaches

Malaysia and Australia suffer massive data breaches

The spotlight on cybersecurity has intensified following news of massive data breaches suffered in Malaysia and Australia. Malaysian authorities are currently investigating an attempt to sell the personal data of more than 46 million mobile phone subscribers, in what would be one of the largest ever data breaches to occur in Asia. The breach was first reported by local news…

Chubb appoints Grant Cairns to new private equity role

Chubb appoints Grant Cairns to new private equity role

Chubb appoints Grant Cairns to new private equity role

Chubb has appointed Grant Cairns to the new role of private equity practice leader for its overseas general unit, which covers all regions outside the US. Mr Cairns is currently based in London as regional manager for Chubb’s UK and Ireland financial lines, but he will transfer to Australia in January and take up the additional role of financial lines…

RMS opens Sydney office to bolster APAC client support

RMS opens Sydney office to bolster APAC client support

RMS opens Sydney office to bolster APAC client support

Risk modelling and analytics firm RMS has opened a new office in Sydney, Australia as part of its effort to grow its presence in the Australian and New Zealand markets and to increase its support for APAC-based clients. The office will focus on insurers and reinsurers looking to adopt new models in light of a particularly active year for natural…

AGCS plans product recall expansion with new appointment

AGCS plans product recall expansion with new appointment

AGCS plans product recall expansion with new appointment

Allianz Global Corporate & Specialty (AGCS) has appointed Simon Weaver as senior underwriter for product recall in London as part of the company’s expansion of its crisis management team. AGCS said the appointment is in line with its plans for growth in the product recall insurance sector. Mr Weaver joins AGCS from risk consulting firm red24, where he worked as…

QBE predicts record loss year for insurance industry and announces $600m hit

QBE predicts record loss year for insurance industry and announces $600m hit

QBE predicts record loss year for insurance industry and announces $600m hit

2017 is likely to beat all records and become the costliest year in the history of the global insurance industry, according to insurer QBE, as it announced an increase in its own reserves for large individual risk and catastrophe claims that will hit earnings by $600m. This year has seen a spate of natural catastrophes, including several hurricane losses during…

Vitality now live in 16 countries

Vitality now live in 16 countries

Vitality now live in 16 countries

South African financial services group Discovery has been outlining the rapid growth of its Vitality network to 16 countries across North America, Europe, pan-Asia, South Africa and the UK, serving close to ten million clients through seven insurers. It claims the brand is attracting more than 150 000 new members a month. In the space of the last year, Vitality…

London remains top global financial centre despite Brexit negotiations

London remains top global financial centre despite Brexit negotiations

London remains top global financial centre despite Brexit negotiations

London remains the leading global financial centre according to the latest Global Financial Centres Index (GFCI), published by Z/Yen in collaboration with the China Development Institute. The GFCI rates 92 financial centres and found that London and New York remain in first and second places. According to Z/Yen, despite the ongoing Brexit negotiations, London only fell two points, the smallest…

Multinationals consider implications of UN sanctions on N Korea

Multinationals consider implications of UN sanctions on N Korea

Multinationals consider implications of UN sanctions on N Korea

The ongoing escalations between North Korea and the rest of the world took another step when the United Nations (UN) voted to impose further sanctions on the rogue nation after its sixth and largest nuclear test. The measures were voted for unanimously by the 15 states that sit on the UN Security Council (including Russia and China). As a result,…

QBE chief executive steps down

QBE chief executive steps down

QBE chief executive steps down

Australia-based insurer QBE has announced the departure of its chief executive John Neal after five “challenging” years in the role. Mr Neal will be replaced by Pat Regan, former chief financial officer and currently chief executive of QBE’s New Zealand and Australia operations. According to the Sydney Morning Herald, Mr Regan’s appointment is likely to be welcomed by investors in…

1 2 3 7