Insurance
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Zurich exits Middle East general insurance business
Zurich's recently announced review of its loss-making general insurance business appears to have led to a phased closure of its…
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New risk management and transfer plans emerge from Paris climate summit: extra Lloyd’s capital pledged
The COP21 climate change summit taking place in Paris will result in greater action on climate risk reduction and bolster…
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Fidelity insurance concerns over claims disputes and insufficient cover: lawyer
Recurring claims disputes and insufficient coverage are key reasons why only one third of German companies have taken out a…
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Insider attacks the main cause of rising fraud: survey
A growing number of companies across the world have suffered from fraud in the last year with insiders causing most…
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Corporate round-up
Mapfre plans international construction business from London, AGCS name Spotswood senior tech PI and cyber underwriter and ACE appoints to…
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Aon and Scor develop new French flood model
Aon Benfield and Scor have developed a new French flood model covering the country's major cities.
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China Re set to boost regional and international expansion on back of $2bn IPO
China Re, Asia’s biggest reinsurance company and the eighth biggest in the world, raised US$2bn through an initial public offering…
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Lloyd’s continues its Asia drive, expands Singapore office; fresh capacity for China
Lloyd’s of London, the insurance and reinsurance market, further intensified its business links in Asia and China in particular last…
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Outlook good for Asian risk managers as carriers fight for market share
Asian risk and insurance managers can look forward to another year of abundant capacity and soft insurance terms and conditions…
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Tianjin will raise awareness for risk management: Baron
It is a sad but irrefutable fact that one of the best ways of raising awareness of the value and…
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Chinese insurance market still booming but rule changes could dampen mood
The Chinese insurance market continues to post excellent growth rates but some significant challenges lie ahead as the China Insurance…
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Asian risk managers and insurers need consistency and improved cooperation across region to help manage and transfer risks
David Ralph, Head of Risk Management & Compliance at PCCW, the Hong Kong-based holding company of HKT Group Holdings Limited,…
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ACE enters Japanese political risk and credit market
ACE Group announced late last month that it has expanded its political risk and credit division to Japan. The international…
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Foreign insurers and risk managers still need to tread carefully in China
International insurers have invested for growth in the Chinese insurance and reinsurance market as they struggle to achieve their targets…
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Food safety & petrochemical risk in focus as claims & exposures rise
The Tianjin explosion and subsequent mayhem has focused Chinese and worldwide attention on the risks of doing business in this…
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Asian reinsurance prices will soften further but rising protectionism a problem: Asia
Risk managers can rely on falling reinsurance pricing in the Asian and global risk transfer chain but must be aware…
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AXA continues investment in China; seeks 100 million customers by 2030
Beijing-based Tsinghua University School of Economics & Management (SEM) and AXA, the global insurer, have announced the launch of a…
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Risk management rising in Vietnam but insurance market needs to communicate more: Thu Ly
Thu Ly, Chief Risk Officer at VinGroup, Vietnam’s largest property developer and mall operator, became a Parima committee member after…
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The Lion spreads its wings across Asia
Adrian Ladbury, Editor of Commercial Risk Asia, interviewed Hayden Seach, Head of Global Corporate and Commercial—Asia, for Generali Global Commercial…
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European buyers set for late claims payment damages in UK following market-wide agreement
The UK insurance industry and buyer representatives have agreed on amendments to the Enterprise Bill that will see insureds across…