Swiss Re makes key appointments in Asia

Swiss Re makes key appointments in Asia

Swiss Re makes key appointments in Asia

Swiss Re has hired a number of senior executives to head up its new property and casualty reinsurance underwriting hub in Singapore, while its corporate insurance practice – Swiss Re Corporate Solutions (SRCS) – has made two senior appointments. Jonathan Rake will become SRCS chief executive for Asia-Pacific, taking over from Fred Kleiterp who has been appointed chief executive for…

International SOS to promote work travel safety at Singapore summit

International SOS to promote work travel safety at Singapore summit

International SOS to promote work travel safety at Singapore summit

Singapore’s Ministry of Manpower is lending its official support to a campaign to establish principles of prevention for business travel. The campaign is led by travel security services firm International SOS and is calling on business leaders to attend its Singapore World Summit, which will run during the XXI World Congress on Safety and Health at Work in Singapore on…

Beazley, Chaucer and Talbot form Singapore political risk consortium

Beazley, Chaucer and Talbot form Singapore political risk consortium

Beazley, Chaucer and Talbot form Singapore political risk consortium

Three insurers in the Lloyd’s market have joined forces to form a political risk consortium in Asia, offering large-scale capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and Talbot will work together to provide capacity of up to $130m for individual risks, with a policy period of up to seven years, through a new Lloyd’s…

IMF report highlights Asia’s ageing crisis

IMF report highlights Asia’s ageing crisis

IMF report highlights Asia’s ageing crisis

Despite its status as the world leader in growth, the Asia-Pacific region must address its ageing population or else face the risk of growing old before becoming rich. This is the finding from the International Monetary Fund’s (IMF) Regional Economic Outlook for May 2017. While the outlook for the region remains robust, it also faces a near-term outlook full of…

Singapore scores high in global talent poll

Singapore scores high in global talent poll

Singapore scores high in global talent poll

Singapore has been ranked as the second best place in the world for attracting, retaining and developing talent, according to the Global Talent Competitiveness Index (GTCI). The index, produced by France-based business school INSEAD, ranked Switzerland as the number one destination, with the UK, US and Sweden making up the rest of the top five. While Singapore was the highest…

Swiss Re plans Asian reinsurance hub in Singapore

Swiss Re plans Asian reinsurance hub in Singapore

Swiss Re plans Asian reinsurance hub in Singapore

Swiss Re, the world’s second largest reinsurer, is to establish a regional headquarters for its reinsurance business in Singapore, in 2018. The new HQ, which will be wholly owned by its Zurich-based parent and also inherit its credit rating, will also act as a dedicated legal entity for any reinsurance business in Singapore, as well as overseeing its  existing Asian…

Brit boosts specialty division with Singapore hire

Brit boosts specialty division with Singapore hire

Brit boosts specialty division with Singapore hire

Brit Ltd has appointed David Lim as CEO, Brit Global Specialty Singapore with effect from 15 May 2017. Following the appointment, Mr Lim, together with Charles Barrett, chief underwriting officer, Asia Pacific, will be responsible for identifying growth opportunities and establishing new lines of business for Brit Singapore. Mr Lim joins Brit from ArgoGlobal, where he was most recently head…

Aon Benfield’s Apac head to step down

Aon Benfield’s Apac head to step down

Aon Benfield’s Apac head to step down

Malcolm Steingold, head of Aon Benfield’s Asia-Pacific division, is to retire after a career spanning more than 35 years. No direct replacement is planned yet. Instead, the business will be led by the current Asia-Pacific executive team, which will report directly to Aon Benfield chief executive Eric Andersen. Mr Steingold, who first joined Aon back in 1993, became CEO of…

M&A insurance deals growing as capacity increases and rates fall, says JLT

M&A insurance deals growing as capacity increases and rates fall, says JLT

M&A insurance deals growing as capacity increases and rates fall, says JLT

Falling rates and growing capacity in the M&A insurance market, combined with perceived heightened investment risk, has seen a 60% increase in the number of insured deals during 2016 compared to 2015 globally, according to JLT Specialty. There is now more than $1bn of cover available in the market. In its annual M&A Insurance Index report, JLT reveals that the…

New and more costly claims driving up liability losses: AGCS

New and more costly claims driving up liability losses: AGCS

New and more costly claims driving up liability losses: AGCS

Corporate risk managers are facing larger and more complex losses resulting from a growing number of liabilities than ever before, according to a new report from Allianz Global Corporate & Specialty (AGCS). Furthermore, Asia is responsible for a growing proportion of the liability losses, not least because of growing awareness among consumers of compensation in countries such as China, Japan…

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