Hong Kong is looking to boost its position as an insurance and risk management hub, and is considering tax incentives to encourage captives. In particular, Hong Kong is looking at the opportunities arising from the Belt and Road Initiative. In a speech to the 2018 Asian Actuarial Conference in Hong Kong, Carrie Lam, chief executive, Hong Kong Special Administrative Region…
RSA is launching its first standalone cyber insurance offering for large corporates…
HDI Global has appointed Tanya Patel as underwriter for its life sciences unit. Ms Patel will be responsible for underwriting life science risks including pharmaceuticals, medical products and devices, chemicals and clinical trials. Ms Patel joins HDI Global from RSA, where she worked as a specialist environment impairment liability and casualty assistant underwriter, specifically for chemical risks. Tom Daniels, life…
Aon has named Charlie Garrood as head of infrastructure M&A for the EMEA region. Mr Garrood joins Aon from PwC where he worked in corporate finance, advising clients on M&A and debt financing. Aon said the appointment will expand and deepen its M&A and transaction solutions service for infrastructure clients. “Infrastructure investors face unique challenges when executing M&A processes in…
SCOR has reportedly reacted to pressure from activist investors over its rejection of an €8.2bn acquisition offer by French group Covéa, by reiterating its commitment to creating value for its long-term shareholders…
A Brexit no-deal would obstruct the free flow of personal data from the European Union (EU) to the UK, the UK Government has warned, going on to urge its firms to proactively address potential disruptions. The European Commission (EC) has said it will not agree to put in place, or enter discussions over, arrangements that would allow the continued flow…
Richard Turner has been formally appointed as the first British president of the International Union of Marine Insurance (IUMI). Mr Turner was on the executive committee of IUMI from 2011 to 2015 but, in a rare move, is now coming to the presidency from outside the executive group. He replaces Dieter Berg, of Munich Re, who was president for the…
The clean-up from Typhoon Mangkhut has begun as the devastated areas of the Philippines, China and Hong Kong assess the loss of life and long-lasting damage that resulted from the most severe storm of the year so far. The super typhoon is also likely to raise the issue of the insurance gap in the region, given that insured losses in…
The UK data protection regulator has warned that some companies are “struggling” to fully understand that General Data Protection Regulation (GDPR) breaches must be reported within the first 72 hours. While the UK Government has warned that a no-deal Brexit would obstruct the free flow of personal data from the European Union (EU) to the UK, going on to urge its firms to proactively address potential disruptions…
SMEs across Botswana are seeing rising theft, as well as damage to property and claims from staff. A spokesman for Botswana Insurance Company (BIC) said the top three claims from SMEs are headed by theft, and then followed by loss or damage of items and workers’ compensation. But he warned that many SMEs see insurance as an added expense that…