Singapore’s cybersecurity bill passed in parliament

Singapore’s cybersecurity bill passed in parliament

Singapore’s cybersecurity bill passed in parliament

A bill designed to make Singapore’s critical services more resilient to cyberattacks has been passed in parliament. The Cybersecurity Bill mandates that owners of computer systems deemed to be providing essential services, known as critical information infrastructures (CIIs), must comply with codes of best practice, report any cybersecurity incidents, undergo regular cybersecurity risk assessments and submit to a cybersecurity audit…

Chubb appoints new heads for Korea and Thailand

Chubb appoints new heads for Korea and Thailand

Chubb appoints new heads for Korea and Thailand

Edward Ler has been appointed by Chubb as the new country president for its general insurance business in Korea. He replaces Edward Kopp, who has been appointed to the role of country president for Thailand. Mr Ler will continue to report to Paul McNamee, Chubb’s regional president for Asia-Pacific. His replacement as Asia-Pacific head of personal lines is current chief…

Artex launches subsidiary in Singapore

Artex launches subsidiary in Singapore

Artex launches subsidiary in Singapore

Alternative risk management solutions provider Artex has launched a subsidiary in Singapore, Artex Risk Solutions (Singapore). This is Artex’s first office in the region and it will oversee the growth and development of Artex’s Asia-Pacific captive and risk solutions strategy. The new Singapore office will be headed up by Vic Pannuzzo, who has been hired as chief executive for Artex…

Singapore proposes stronger corporate governance rules

Singapore proposes stronger corporate governance rules

Singapore proposes stronger corporate governance rules

The Corporate Governance Council of Singapore has released a consultation paper on its recommendations to revise the country’s Code of Corporate Governance. The Monetary Authority of Singapore (MAS) said the recommendations aim to support sustained corporate performance and innovation, and strengthen investor confidence in its capital markets. The MAS announced the formation of the council last February under the chairmanship…

JLT Re appoints new CEO for Asia-Pacific

JLT Re appoints new CEO for Asia-Pacific

JLT Re appoints new CEO for Asia-Pacific

Jeremy Fox has been appointed as the new Asia-Pacific CEO for JLT Re, the broker’s reinsurance arm. Mr Fox has been recruited from global broker Aon Benfield, where he was previously chief operating officer for its Asia-Pacific division. In his new role at JLT Re, he will also become a member of the firm’s reinsurance global executive committee. Mr Fox…

Cunningham Lindsay hires new head for Singapore

Cunningham Lindsay hires new head for Singapore

Cunningham Lindsay hires new head for Singapore

David Seng has been appointed as the new chief executive of the Singapore office of loss adjusting firm Cunningham Lindsay. In his new role, Mr Seng will be expected to grow the firm’s presence in what it sees as a key market within the Asia-Pacific region. Having joined Cunningham Lindsay in 2004, Mr Seng was previously responsible for building Cunningham…

Chubb strikes distribution agreement with DBS in Singapore

Chubb strikes distribution agreement with DBS in Singapore

Chubb strikes distribution agreement with DBS in Singapore

Global insurer Chubb has entered into an arrangement with Singapore-based bank DBS that will see its general insurance products distributed on an exclusive or preferred basis through DBS’s various banking channels. The 15-year agreement will cover five Asian countries – Singapore, Taiwan, Indonesia, Hong Kong and China – and include Chubb’s property and casualty (P&C) insurance products for small and…

New head for XL Catlin’s APAC energy, property and construction team

New head for XL Catlin’s APAC energy, property and construction team

New head for XL Catlin’s APAC energy, property and construction team

XL Catlin has appointed Todd Wilhelm as the regional product leader for its energy, property and construction division in Asia-Pacific. Mr Wilhelm will be based in Singapore and charged with growing the unit ahead of the much anticipated Chinese ‘Belt and Road’ initiative, which is expected to generate more than $4trn worth of infrastructure projects across the region. Mr Wilhelm…

2018 will be pivotal year for insurtech in Asia: Clyde

2018 will be pivotal year for insurtech in Asia: Clyde

2018 will be pivotal year for insurtech in Asia: Clyde

The next year will see technology transform Asia’s insurance industry as insurtech comes to the fore in many of the region’s major markets. This is the prediction of international law firm Clyde & Co, which has made a number of forecasts concerning the international insurance industry in 2018. Primary among these predictions is the pivotal role that insurtech will play…

Swiss Re Corporate Solutions hires new Southeast Asia head

Swiss Re Corporate Solutions hires new Southeast Asia head

Swiss Re Corporate Solutions hires new Southeast Asia head

Swiss Re Corporate Solutions (SRCS) has appointed Didier Bélot as head, Southeast Asia, replacing Jonathan Rake who was promoted to Asia-Pacific CEO in July this year. Mr Bélot, who will take up his role on 1 December, previously headed up Swiss Re’s Innovative Risk Solutions team in Asia-Pacific between 2013 and 2017, having joined Swiss Re in 2008. In his…

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