Asia
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Hong Kong insurers see first quarter rise in general insurance premiums
Total gross premiums written by the Hong Kong insurance industry fell by 7% to $147.2bn for the first quarter of…
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M&A appetite returning despite concern over regulatory risks
Appetite for M&A looks set to rebound this year despite fears over stricter regulations, with more firms likely to turn…
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Parima starts Indian expansion with Mumbai event
The Pan-Asia Risk and Insurance Management Association (Parima) will kick off its latest membership drive in India with the upcoming…
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New regional managers for Brokerslink
Brokerslink has appointed three new regional managers for its network in Asia Pacific, Europe and the Middle East. The three…
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International SOS warns political risk will continue in Pakistan through 2023
Businesses with people and operations in Pakistan have been warned of further security and civil unrest for months following the…
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Market improving for buyers but nat cat property tough: Aon
Average insurance price increases stood between 1% and 10% across all global regions in Q1 2023 as upward rating pressure…
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Aspen names Tay Boon Chuan head of Singapore
Aspen Insurance has appointed Tay Boon Chuan as head of Singapore from Tokio Marine Kiln. The company also said that…
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Aon launches Singapore climate innovation hub
Aon has launched a new climate innovation hub in Singapore, supported by the Singapore Economic Development Board (EDB). Aon said…
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Leadership reshuffle at Howden as González returns to Spain
José Manuel González, CEO of Howden Broking Group, will retire from executive positions but remain with the group as special…
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AXA XL boosts cyber team in Europe and Australia
AXA XL has expanded its cyber capabilities in Europe and Australia with ten new underwriters. The new appointments are Sylvie…
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Employees in Asia cite work pressure as ‘top burnout factor’
Work pressure in Asia is the biggest contributor to stress, with more than half (55%) of respondents to a survey…
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QBE reports strong Q1 premium growth but adverse nat cat claims development
QBE has reported strong growth in premium in the first quarter of 2023, largely as a result of rate increases,…
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Philips to pay SEC $62m for corrupt China sales
Philips has been ordered to pay $62m to resolve charges brought by the US Securities and Exchange Commission (SEC) that…
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Demand for July renewals will drive rate rises: Swiss Re
April reinsurance renewals saw rates increase further, with demand ahead of the July season setting the stage for pricing momentum…
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Berkshire Hathaway Specialty promotes two underwriting execs
Berkshire Hathaway Specialty Insurance (BHSI) has promoted Hilary Browne to the role of deputy global chief underwriting officer, and Cameron…
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Captive growth robust but slowing, say Marsh execs
More businesses are establishing captives as they look to retain more risk in difficult insurance markets but the rate of…
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McLarens opens two new offices in Malaysia and expands team
Claims services provider McLarens has expanded its operation in Malaysia with nine senior appointments and two new offices in Johor…
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Solid growth in 2022 for South Korean non-life insurers
In 2022, the South Korean non-life insurance market grew robustly, as all lines of business generated solid growth, according to…
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RIMS and Parima partner on certification programme
US risk management association RIMS and its pan-Asian counterpart Parima have signed a deal to bring the former’s certification scheme…
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Australian non-life insurers urge government to remove regulatory burden
Australian non-life insurers have called on the government to remove some of the regulatory complexity from the insurance industry, which…