Nicholas Pratt
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Asia
Typhoons to cost Hong Kong insurers more than $130m
Typhoons Hato and Pakhar, which caused widespread damage in Hong Kong, Macau and the Chinese province of Guangdong, have landed…
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Asia
VW’s China JVs pull 1.8 million vehicles over fuel pumps issue
Volkswagen’s product recall woes continue following the news that the German carmaker and two of its China-based joint ventures are…
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Asia
Chubb hires underwriters for its APAC cyber team
International insurer Chubb has appointed two underwriters to lead the expansion of its cyber insurance business in Asia-Pacific. Andrew Taylor…
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Asia
Companies could count the cost of Taiwan’s anti-money laundering drive
Companies in Taiwan will be subject to new rules on anti-money laundering and cybersecurity, due to a series of measures…
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Asia
Ironshore Singapore offers legal expenses cover for local corporates
The Singapore branch of Australian-based insurer Ironshore has introduced a new specialty, professional lines product offering after-the-event legal expenses to…
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Asia
JLT and Munich Re partner for Philippines parametric product
Global reinsurer Munich Re has teamed up with broker JLT Philippines to jointly develop a parametric insurance product for extreme…
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Asia
Samsung heir given five-year sentence for corruption
Lee Jae-yong, the billionaire heir to the Samsung empire and South Korea’s third richest man, has been sentenced to five…
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Asia
North Korea tensions could escalate protectionism warn economists
The ongoing tension between North Korea, its neighbouring states and the US may well have the world’s population worried about…
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Asia
China, Macau and Hong Kong battered by Typhoon Hato
Parts of southern China, Hong Kong and Macau are counting the cost of typhoon Hato, the most severe storm to…
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Asia
Hong Kong on shutdown thanks to Typhoon Hato
Offices have closed, trading has halted, hundreds of flights have been cancelled and the streets have been cleared in Hong…
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Asia
Australian bank faces class action over money laundering scandal
Commonwealth Bank of Australia Bank (CBA), the country’s biggest listed company, is facing a possible class action suit from shareholders…
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Asia
Philippines issues new reporting rules for insurers
Insurers in the Philippines will now be required to submit regular quarterly and annual reports to the International Monetary Fund…
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Asia
Ping An records largest H1 profit in a decade
China’s second largest insurer by market value has reported its largest half-yearly profit in ten years. Ping An’s positive results,…
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Asia
Euler Hermes hires new execs to lead APAC expansion
Credit insurance company Euler Hermes has made two senior appointments as part of its expansion plan for the Asian insurance…
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Asia
Labuan stakes claim for title of top Asian captive centre
Labuan has claimed top status as the captive of choice for Asian corporates following the results of a survey commissioned…
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Asia
Cat bonds issuance reaches record levels in Q2
The rise of insurance-linked securities continues to reach new levels after the issuance of catastrophe bonds exceeded previous records in…
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Asia
Hong Kong startup aims to bring commercial insurance into the digital age
An attempt to develop a digital insurance risk exchange is set to be launched later this month, which aims to…
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Asia
China’s multinationals prepare for internet crackdown
The many multinational companies operating in China are bracing themselves for an uncertain future in terms of access to the…
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Asia
Philippines pilots parametrics scheme for disaster-prone provinces
The Philippines government has announced the next step in its parametric insurance scheme designed to combat the losses from natural…
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Asia
Singapore regulator calls for more use of parametric insurance
The managing director of Singapore’s financial regulator has called for greater use of parametric and index-based insurance to close the…