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Parima steps up efforts to sort out global programmes
The Pan-Asia Risk and Insurance Management Association (Parima) has made significant steps forward in its goal to help Asia Pacific risk managers manage their cross-border insurance programmes more effectively by…
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Asia
Maag takes over AIG Asia Pacific as battle with Icahn hots up
Seraina Maag is the new ultimate boss of AIG’s Asia Pacific business as she takes on an expanded role as chief executive officer (CEO) of regional management and operations.
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Asia
Indonesia adopts OECD’s revised corporate governance principles
The Indonesian Financial Services Authority (OJK) has announced that it will adopt the Organisation for Economic Co-operation and Development’s (OECD) new G20/OECD Principles of Corporate Governance.
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Asian insurance market outlook robust despite rising headwinds: Swiss Re
The economic outlook for Asia is moderate growth and mild inflationary pressure; interest rates will stay low but there is limited room for further easing and exchange rate volatility will…
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Asia
Ironshore launches Lloyd’s operation in Shanghai as Fosun chairman re-emerges
Ironshore International, the global property and casualty insurance and reinsurance group recently acquired by Chinese investment group Fosun, has announced that its subsidiary, Pembroke Managing Agency, will set up an…
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Asia
ACR considers future of ReTakaful operation following rating move
ACR Capital Holdings (ACR) has revealed that it is working closely with fellow shareholders of ACR ReTakaful Holdings to “map out” the future of the company and its operating entities—ACR…
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Malaysia’s first homegrown reinsurance broker gains approval from Lloyd’s
The Labuan International Business and Financial Centre (IBFC) has announced that it is pleased to be home to Malaysia’s first Lloyd’s-registered reinsurance broker. AFR Asia Pacific received approval from Lloyd’s…
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Asia
Cyber and natural catastrophe risks top agenda in Singapore for 2016
Cyber and natural catastrophe risk will be a big focus for the Singapore risk and insurance market in 2016 as the Monetary Authority of Singapore (MAS) sharpens up its rules…
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Asia
WEF executives nervously watch China as it transforms to ‘new normal’
China’s financial vulnerabilities and the transition to what President Xi has called the ‘new normal’ were identified as big risks for 2016 by many of the participants in the World…
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Asia
Intangible risks fly up Asia Pacific risk agenda finds AGCS survey
Business interruption (BI), including supply chain disruption, remains the top worry for Asian risk managers according to Allianz Global Corporate & Specialty’s (AGCS) fifth annual Risk Barometer survey.
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Ratification of TPP will see winners and losers claims credit insurer
If ratified by all members, the Trans-Pacific Trade Partnership (TPP) could boost regional gross domestic product (GDP) by more than $38bn during the first two years of implementation, according to…
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Asia
Much work needed by insurers to realise AEC dream
The formal creation of the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) at the end of last year and start of the AEC 2025 strategy should help the…
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Asia
Parima annual conference 2015
Parima held its second Annual Conference in Singapore in November, attracting more than 500 delegates to what has rapidly become the number one risk management event in the Asia Pacific…
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Asia
Captive growth accelerating in Asia Pacific despite continued soft market
The Asia Pacific captive market is expected to grow rapidly in the near future as companies across the region wake up to the cost savings and risk management gains that…
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Asia
Marsh expects ‘tremendous’ captive growth from China
Marsh Captive Management Solutions is the captive arm of the global broker and is the market leader with more than 1,200 captives under management worldwide, for which it manages managing…
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Asia
Captive owners hope for proportional treatment under new rules
Many countries in the Asia Pacific region are currently working on Solvency II-style risk-based capital adequacy and reporting regimes for the insurance sector.
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Asia
Captive risks: Employee benefits yes, D&O not so sure
Panellists on the captive debate at the Parima conference were asked if Asia Pacific risk managers should consider the inclusion of employee benefits risks within their captives, as is increasingly…
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Asia
Hong Kong hopes tax concessions will spark captive boom
Hong Kong has been keen to establish itself as a captive centre, particularly for mainland Chinese companies, for some time—with limited success.
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Asia
Singapore will give captives proportional treatment: Menon
Good news for risk managers came last year as Ravi Menon, managing director at the Monetary Authority of Singapore (MAS), gave a speech entitled Smart Regulation and Sustainable Insurance Growth…
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Asia
Labuan bullish about its ‘thriving’ captive business
The Labuan International Business and Financial Centre claims that it provides an “ideal ecosystem” for global companies to house their international dealings and transactions.