Asia
-
Super-typhoon Nanmadol losses manageable for Japan’s non-life insurers, says Best
AM Best expects insured losses from super-typhoon Nanmadol to be manageable for Japan’s non-life insurers. Best noted that the typhoon,…
-
New Japanese partner for Zurich Global Employee Benefits Solutions network
Sompo Himawari Life Insurance (SHL), the life insurance company of Sompo Holdings in Japan, has joined the Zurich Global Employee…
-
Hamann named chief executive officer of Aon Indonesia
Karl Hamann has been named chief executive officer of Aon Indonesia. He will be based in Jakarta and report to…
-
AXA XL names new product lead for energy and construction in APAC and Europe
AXA XL Insurance has appointed Olivier Croese as product leader for energy and construction in APAC and Europe. Croese joined…
-
Property and fire fuel 20% jump in general insurance premiums in Indonesia
The general insurance sector in Indonesia generated premium income totalling IDR46.04tn ($3.05bn) in the first half of this year, representing…
-
New head of cyber solutions in Asia-Pacific at Aon
Adam Peckman has been appointed by Aon as head of cyber solutions in Asia-Pacific. Aon said that its cyber solutions…
-
Marine market premiums and profitability grew in 2021 but tougher times ahead, says IUMI
Global marine insurance premiums increased by 6.4% in 2021, with strong growth in Europe and Asia, but tougher times are…
-
High inflation and rising interest rates could hit insurers’ ratings: Fitch
Persistent high inflation and rising interest rates could lead to Fitch Ratings moving insurance sector outlooks in several markets around…
-
Korean office for Lloyd’s broker Ramon International through acquisition
Lloyd’s broker Ramon International has opened an office in Korea through the acquisition of a majority stake in Seoul-based insurer…
-
MS Amlin expands Singapore-based operation MS Amlin Asia-Pacific
Lloyd’s (re)insurer MS Amlin Underwriting has hired six new members of staff for its Singapore-based operation MS Amlin Asia-Pacific (MS…
-
Underwriting margins of APAC non-life insurers to be hit by inflation, says Fitch
Asia-Pacific (APAC) non-life insurers will find their underwriting margins squeezed by persistent inflation, according to Fitch Ratings, especially in South…
-
Strong growth for Malaysian insurance industry, GlobalData forecasts
The Malaysian insurance industry is forecast to see strong growth in the next five years, mainly led by the life…
-
New head of claims in APAC for Canopius
Specialty (re)insurer Canopius Group has appointed Megan Shao as head of claims, APAC. She joins from Zurich following Canopius’s strategic…
-
Beazley expands product recall cover to Asia-Pacific market
Beazley has rolled out its product recall cover to Singapore and the greater Asia-Pacific region. Beazley’s product manufacturing risk and…
-
Parima returns to Singapore for in-person resilience conference
The Pan-Asia Risk and Insurance Management Association (Parima) will hold its annual conference in-person in Singapore on 7-10 November, after…
-
DUAL Asia-Pacific appoints deputy CEO and CIO
DUAL, the specialist underwriting arm of Howden Group Holdings, has announced two key promotions at DUAL Asia-Pacific. Michael Ussher has…
-
Hong Kong general insurers see surge in underwriting profit for first half
The Hong Kong general insurance industry saw a surge in underwriting profit from $794m to $2,545m for the first half…
-
Korean non-life insurance market to see moderate growth, says Korean Re
The Korean non-life insurance market is expected to grow by 4.6% to KRW112.6trn in 2022, according to a report released…
-
Market report: Hard market in India but liberalisation continues
The Indian insurance market is facing similar issues to other global insurance markets with rates still hardening and terms and…
-
DAC Beachcroft expands in Singapore with partner hires
DAC Beachcroft (DACB) has expanded its presence in Singapore with two partner hires from RPC and DLA Piper, in what…
