Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Chubb Appoints Wong as Country President for Hong Kong, Taiwan & Macau
Aug 21 2018 // Chubb has appointed Stanley Wong as country president for Hong Kong, Taiwan & Macau, effective Oct. 1, 2018. He replaces Doug White, who was appointed to the role of head of the Major Accounts Division for Chubb in...
China’s Online Insurer ZhongAn to Get Investment from SoftBank for Overseas Growth
Aug 20 2018 // ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, which will support the...
Chubb Launches Major Accounts Division in Asia-Pacific Region, Headed by White
Aug 20 2018 // Chubb announced the establishment of a Major Accounts Division in the Asia Pacific region, a dedicated premium service that encompasses underwriting, risk engineering and claims for the region’s large, global and...
China’s Tech-Focused Insurer Ping An May Be Poised for Major Asian Growth Leap
Aug 13 2018 // China’s Ping An Insurance (Group) Co. has 23,000 research staff, 500 big-data scientists and spends billions of dollars a year on R&D. Last year, it attracted 46 million new customers, equivalent to the...
Global Commercial Insurance Prices Rise for 3rd Consecutive Quarter: Marsh
Aug 10 2018 // Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh’s “Global Insurance Market Index.” These average increases...
Ping An Eyes Bid For Prudential’s Asia Business, in Biggest Outward M&A: Sources
Aug 9 2018 // Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever...
Hong Kong Insurer FWD Group Eyes Singapore Listing
Jul 31 2018 // Hong Kong billionaire Richard Li’s FWD Group is considering listing in Singapore with a dual-class structure, as the insurer moves ahead with its initial public offering preparations, people with knowledge of the...
Global H1 Insured Natural Disaster Losses 40% Lower than 10-Year Average: Aon
Jul 26 2018 // Global insured losses from natural disasters for the first half were preliminarily estimated at US$21 billion, which is 40 percent lower than the 10-year average of US$35 billion and 19 percent lower than the 18-year...
Extreme Weather in Europe and Asia Sparks Wildfires, Floods
Jul 26 2018 // Extreme weather that’s gripping northern Europe and parts of Asia may persist through early August, prolonging a deadly heatwave that’s parched crops and sparked devastating forest fires. Temperatures have...
RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software
Jul 17 2018 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software. The Asia Pacific model suit is being...
Global Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re
Jul 16 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...
Global Insurance Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re
Jul 6 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...
Almost Half of South Asia Vulnerable to Climate ‘Hotspots’: World Bank
Jul 3 2018 // Changes in temperature and rainfall will impact almost half of South Asia in the coming decades, reducing economic growth in one of the world’s poorest regions, the World Bank said. A World Bank report released on...
Generali Expands Stake in India’s Future Group to 49%
Jun 26 2018 // Generali Group announced it has signed an agreement with Future Group to increase its stake in its insurance ventures in India to 49 percent from 25.5 percent. Generali’s presence in India is currently in the form of...
Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance
Jun 20 2018 // By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time...
Cigna Reports System Error Exposed Customer Data in Asia
Jun 4 2018 // Cigna Corp. exposed private information including bank-account details of some customers in Asia due to a system error, the health insurer said. The company told Bloomberg it accidentally sent the information to some...
AXIS Re Reports Organizational Changes, Market Expansion Plans
May 31 2018 // AXIS Re, the reinsurance segment of AXIS Capital Holdings Limited, has announced organizational changes to improve client service and plans to expand product and market capabilities. AXIS Re will now organize around four...
Markel International Names Davies Trade Credit Underwriter in Singapore
Apr 25 2018 // Specialty insurer Markel International has appointed Nicholas Davies as trade credit underwriter and senior risk analyst in Singapore. Davies will focus on developing Markel’s portfolio across the region, in addition...
Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources
Apr 20 2018 // Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. IAG,...
Chubb Appoints Lee as Head of Bancassurance for Asia Pacific
Apr 16 2018 // Chubb announced the appointment of Jin Lee as the head of Bancassurance for Asia Pacific. In her new role, Lee’s primary responsibility will be to oversee the DBS Bank-Chubb partnership which spans across Singapore,...
