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…

Munich Re appoints new head for southeast Asia

Munich Re appoints new head for southeast Asia

Munich Re appoints new head for southeast Asia

Former Canopius executive Linus Phoon has been appointed as the new head for Singapore and southeast Asia by Munich Re. Mr Phoon will be based in Singapore, reporting to Roland Eckls, Munich Re’s chief executive for Asia-Pacific. In his new role, Mr Phoon will be responsible for leading the firm’s reinsurance business in the region, including both insurance coverage and…

Philippines to join ASEAN disaster risk facility

Philippines to join ASEAN disaster risk facility

Philippines to join ASEAN disaster risk facility

The Philippines Government has announced its intention to join with Japan and five other Association of Southeast Asian Nations (ASEAN) member states in an insurance facility designed to strengthen resilience against climate and disaster risks. The announcement was made by finance secretary Carlos Dominguez III, who stated a commitment to sign a memorandum of understanding (MoU) on the establishment of…

Delta Insurance launches cyber cover for Asia-Pacific

Delta Insurance launches cyber cover for Asia-Pacific

Delta Insurance launches cyber cover for Asia-Pacific

New Zealand-based specialist insurer Delta Insurance has unveiled a cyber protection and insurance product for businesses in Asia-Pacific. The cyber protection element of the product has been developed in partnership with London-based cybersecurity firm DynaRisk. It will be marketed and distributed from Delta’s New Zealand and Singapore offices. And while the service is aimed at businesses in the region, it…

Berkshire Hathaway launches transactional liability in Asia and Middle East

Berkshire Hathaway launches transactional liability in Asia and Middle East

Berkshire Hathaway launches transactional liability in Asia and Middle East

Berkshire Hathaway Specialty Insurance Company (BHSI) has begun offering transactional liability insurance through its Asia and Middle East regions. It has appointed Steven Harwood as head of transactional liability in Asia and the Middle East. He is based in BHSI’s office in Hong Kong. “Properly navigating the risks of corporate transactions is critical to growing companies and industry leaders alike,”…

Ed bolsters credit and political risks team in Singapore

Ed bolsters credit and political risks team in Singapore

Ed bolsters credit and political risks team in Singapore

Specialty broker Ed has appointed Abhishek Chhajer as its new head of credit, political risks and surety solutions. He will take up the newly created role with immediate effect and will be based in Singapore, reporting to Stephen Britten, chief executive of Asia-Pacific. Mr Abhishek joins from Standard Chartered Bank, where his most recent role was managing a project on…

Markel appoints strategy head for Asia

Markel appoints strategy head for Asia

Markel appoints strategy head for Asia

Specialty insurer Markel International has hired Christian Stobbs as strategy director for Asia. Based in Singapore, Mr Stobbs will be responsible for leading and developing the insurer’s strategic priorities in the region. These include building on Markel’s existing presence in Singapore, India, China and Malaysia by deepening its links with local insurers and distributors, as well as developing new products…

AIG hires new head for Singapore office

AIG hires new head for Singapore office

AIG hires new head for Singapore office

Global insurer AIG has appointed Christian Sandric to act as president and chief executive of its Singapore office. Mr Sandric, an AIG veteran of more than 20 years, will report to Sachin Shah, Asia-Pacific chief executive of AIG General Insurance. Mr Sandric, who will take up his new post in April, will be responsible for leading AIG’s Singapore business and…

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