CRA Newsletter
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Association News
Parima members focus on maximising value with insurers and brokers
The Pan Asia Risk & Insurance Management Association (Parima) met for its first event of the year at the Shangri-La…
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Asia
AM Best positive revision for Philippines non-life sector
As the Philippine and wider risk and insurance management community gathered in Manila for the first Parima conference of the…
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Asia
Sedgwick expands marine business in Indonesia
Global claims management firm Sedgwick has announced the expansion of its marine claims solutions in Indonesia with the addition of…
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ESG
German multinationals urged to up ESG game in China
There are currently no mandatory ESG reporting and governance guidelines in China but a leading Beijing-based law firm advising German-speaking…
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Asia
Company profile: Deutsche Rück
Deutsche Rück, the German reinsurer based in Düsseldorf, reported a healthy set of annual figures for 2023 that saw gross…
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Asia
Wen Chen named head of agriculture Aon APAC reinsurance
Aon has announced that Wen Chen has been named head of agriculture for the firm’s reinsurance solutions Asia-Pacific (APAC) region,…
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Asia
Munich Re Singapore appoints new senior property underwriter
Munich Re Singapore has appointed Adi Salleh as senior underwriter property, as the German reinsurer continues to beef up its…
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Asia
Temasek invests in fast-growing London broking group
Temasek, the state-backed Singapore investment fund, has joined investment firm Warburg Pincus to invest in Specialist Risk Group (SRG), one…
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Asia
Deutsche Rück reports further Asian growth
Deutsche Rück Group further expanded its business in 2023, including Asia, while simultaneously strengthening its asset base, reported the German…
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Market
Tokio Marine seeks further international expansion
Tokio Marine Holdings, Japan’s biggest P&C insurance group, has announced a new mid-term plan for 2024 to 2026, which backs…
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Asia
Political risk hits US brands in South Asia
If there are any risk and insurance managers still out there who don’t think that politics can play a significant…
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Asia
Parametric solution planned for Philippines disaster financing deal
The Asia Development Bank (ADB) has proposed a second $500m contingent disaster financing multiyear programme for the Republic of the…
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Asia
Multinationals in China to enjoy relaxed data transfer rules
The European Chamber of Commerce in China (ECCC) will host a cybersecurity conference in Beijing in June that will explain…
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Analysis & Opinion
IASB meets in China to discuss climate reporting
The Emerging Economies Group of the International Financial Reporting Standards (IFRS) board will meet in Taiyuan, China, on 28-29 May,…
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Analysis & Opinion
‘Pressure rising’ on developing Asian aging risk: ADB
Developing Asia Pacific is unprepared to secure the well-being of its rapidly aging population as the growing share of older…
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Asia
European business confidence in China plummets
The European Union Chamber of Commerce in China (EUCCC) has released its European Business in China Business Confidence Survey 2024…
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Asia
Starr Insurance opens new operation in Korea
Starr Insurance has announced that Paul Choi has been named CEO of its new Korea Branch. The US-based insurance group…
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Asia
Strebel to replace Gonzalez as head of Swiss Re China
Swiss Re has named Beat Strebel as the replacement for Ivan Gonzalez as CEO Reinsurance China and China county president.…
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People Moves
AXA XL names new client and distribution officer in APAC and Europe
AXA XL has appointed Robert Riha as chief client and distribution officer of APAC and Europe to help fuel “ambitious”…
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Asia
Markel ‘reinforces commitment’ to Chinese market
Markel, the insurance operations within US-based insurer and reinsurer Markel Group, says that it has “reinforced its commitment” to the…