Nicholas Pratt
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Asia
World Bank unveils catastrophe risk financing project for Myanmar
The World Bank has revealed a new project in Myanmar that aims to strengthen the country’s capacity to respond to…
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Asia
Mapfre acquires majority share in Indonesian insurer
European insurer Mapfre has acquired a 51% share in Indonesia-based insurer PT Asuransi Bina Dana Arta Tbk (ABDA), thereby triggering…
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Asia
Takata prepares for bankruptcy after product recall woes
Japanese airbag manufacturer Takata is expected to file for bankruptcy later this month after suffering one of the biggest product…
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Analysis & Opinion
Parametric insurance: closing the protection gap in Asia
As a region, Asia is particularly prone to natural disasters and extreme weather events such as earthquakes, floods, droughts, heatwaves…
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Asia
Peak Re gets approval for Labuan branch
Hong Kong-based reinsurer Peak Re has been granted approval-in-principle by the Labuan Financial Services Authority to conduct general reinsurance business…
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Asia
Anbang chairman reported to be under arrest as China’s corruption crackdown continues
Embattled Chinese insurer Anbang Insurance Group has been forced to deny the disappearance of its chairman, amid reports that he has…
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Asia
Cyclone Debbie insured losses expected to peak at $900m
The total insured losses from Cyclone Debbie have reached $897m, with just a minimal amount of claims expected to trickle…
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Asia
China Development Bank plays down Moody’s rating downgrade
One of China’s largest bond issuers, the China Development Bank (CBD), has attempted to minimise the effect of the recent…
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Asia
Ironshore appoints Australia head
Specialty insurer Ironshore International has hired William Lewis as managing director of its Australian operations. A private equity attorney, Mr…
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Asia
India’s VAT reform raises corporate concerns
A highly anticipated reform of India’s tax regime has failed to impress local economists and manufacturers and is unlikely to…
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Asia
India’s nuclear insurance pool attracts international interest
A nuclear insurance pool set up in 2015 by the Indian government to provide liability coverage for nuclear power plants…
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Asia
Compulsory travel insurance plan mooted for visitors to Thailand
Travellers to Thailand may be forced to obtain travel insurance before they are allowed to enter the country, if a…
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Analysis & Opinion
Parametric insurance: closing the protection gap in Asia
As a region, Asia is particularly prone to natural disasters and extreme weather events such as earthquakes, floods, droughts, heatwaves…
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Asia
Swiss Re CS appoints new head for Australia and New Zealand
Swiss Re Corporate Solutions (SRCS), the business insurance arm of the global reinsurer, has appointed a new chief executive for…
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Asia
MPI Generali launches corporate insurance business in Malaysia
MPI Generali Insurans Berhad, a joint venture between Italian insurer Generali and Malaysia-based Multi-Purpose Capital Holdings Berhad, has opened a…
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Asia
Cattle slaughter ban causes chaos in India
The Indian government’s ban on cattle slaughter could have grave economic implications for the country and a whole host of…
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Asia
Japan readies legislation for drones and driverless cars
In an effort to ignite its flagging commercial sector, Japan is looking to introduce legislation for the commercial use of…
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Asia
Fitch forecasts steady underwriting profit for Japan’s non-life insurers
Japan’s non-life insurers can expect to maintain a modest underwriting profit despite an expected cut in auto insurance premiums, according…
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Asia
HDI appoints crisis management chief
Karina Rodriguez Diaz has been recruited by corporate insurer HDI Global to lead its crisis management practice in Australasia. Ms…
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Asia
Moody’s downgrades China’s sovereign rating
Credit ratings agency Moody’s has cut China’s sovereign rating for the first time in nearly 30 years, sending many of…