New credit and political risk underwriter for Canopius Asia-Pacific

New credit and political risk underwriter for Canopius Asia-Pacific

New credit and political risk underwriter for Canopius Asia-Pacific

Global specialty (re)insurer Canopius has appointed Jamie Jeffers as underwriter, credit and political risk, Canopius Asia-Pacific. The appointment is effective from 9 September 2019. Mr Jeffers will join Canopius from Willis Towers Watson, where he served as executive director, financial solutions – credit and political risk. He will be based in Singapore and will report to Yann Marmonier, head of…

Brokerslink expands in Asia with three new affiliates

Brokerslink expands in Asia with three new affiliates

Brokerslink expands in Asia with three new affiliates

Brokerslink has partnered with three new affiliates in Asia to boost its local expertise in the region. The affiliates are LK Insurance Services in South Korea, Malaysia’s State Insurance Services and John Foord in Singapore. LK Insurance Services specialises in oil and gas, telecommunications, chemicals and logistics. John Foord is a global specialist valuation and appraisal practice headquartered in Singapore,…

Parima hosts disaster preparedness event as region steps up risk reduction efforts

Parima hosts disaster preparedness event as region steps up risk reduction efforts

Parima hosts disaster preparedness event as region steps up risk reduction efforts

Parima will hold its annual conference on disaster preparedness and response on 29 July at the HKAM Jockey Club Building in Hong Kong. The risk and insurance management association said the event will bring together experts and practitioners, government officials, scientific and academic institutions, the NGO sector and the private sector, to share experiences and discuss strategies for disaster preparedness…

Medical Protection Society to launch new malpractice SPA at Lloyd’s

Medical Protection Society to launch new malpractice SPA at Lloyd’s

Medical Protection Society to launch new malpractice SPA at Lloyd’s

The Medical Protection Society (MPS) will team up with Everest Insurance and Asta, a Lloyd’s third-party managing agency, to create Lloyd’s Special Purpose Arrangement (SPA) 1892 to cover medical malpractice. The MPS is a UK-based not-for-profit protection organisation that provides professional indemnity cover for some 300,000 doctors, dentists and healthcare professionals worldwide. An SPA is an annually formed syndicate that…

Singapore and UK join forces in fight against cybercrime

Singapore and UK join forces in fight against cybercrime

Singapore and UK join forces in fight against cybercrime

The Monetary Authority of Singapore (MAS), the Bank of England and the UK Financial Conduct Authority (FCA) have announced that they will work together to strengthen cybersecurity in their financial sectors. The authorities will start work towards a memorandum of understanding to signify this enhanced collaboration. The MAS has also signed agreements with the City of London to cooperate in…

Parima joins Labuan captive meeting as Asia-Pacific growth continues

Parima joins Labuan captive meeting as Asia-Pacific growth continues

Parima joins Labuan captive meeting as Asia-Pacific growth continues

Steve Tunstall, general secretary of Parima, will represent the association at a conference on captives, organised by Labuan International and Business Financial Centre and Swiss Re Corporate Solutions, as evidence mounts of the increased interest in the self-insurance tools among Asian risk and insurance managers. Mr Tunstall, a founding member of the Parima leadership team, is set to take part…

FM Global survey shows mixed corporate governance picture for Asia

FM Global survey shows mixed corporate governance picture for Asia

FM Global survey shows mixed corporate governance picture for Asia

Singapore has emerged as the leading country for corporate governance according to the 2019 edition of the FM Global Resilience Index. The insurer’s index has been running for several years now but this is the first time that corporate governance has been added as one of the 12 economic, risk and supply chain-related metrics used to rank countries. Singapore ranked…

Markel appoints new personal accident head in Asia

Markel appoints new personal accident head in Asia

Markel appoints new personal accident head in Asia

US-based specialty insurer Markel International has hired former AIG executive Rajesh Sinha as its new head of personal accident, contingency and entertainment (PACE) in Asia. Mr Sinha will be based in Singapore where he will be responsible for leading the development of new product concepts across numerous product lines and building a profitable and sustainable PACE portfolio across the region.…

Asia-Pac captive domiciles to see growth, says Best

Asia-Pac captive domiciles to see growth, says Best

Asia-Pac captive domiciles to see growth, says Best

Captive domiciles in Asia-Pacific are set to benefit from growth in Asia’s economies, according to AM Best. The ratings agency said it expects to see significant growth of captive formations in Asia-Pacific domiciles such as Singapore, Labuan and Hong Kong, as economies grow and businesses seek new and more sophisticated ways of risk management and control. Best noted that to…

Argo Global bolsters APAC underwriting team

Argo Global bolsters APAC underwriting team

Argo Global bolsters APAC underwriting team

Lloyds insurer ArgoGlobal has expanded its Asia-Pacific team by appointing Zachary Tan as accident and health (A&H) underwriter. Mr Tan will be based in Singapore and will report to Michael Scala, chief underwriting officer, Asia-Pacific. Mr Scala said the appointment is a demonstration of ArgoGlobal’s ambition to grow its Asia-Pacific business. “With a strong team in place both at Lloyd’s…

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