Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
BHSI Wins License to Write Reinsurance in Malaysia
Jan 17 2017 // Warren Buffett’s Berkshire Hathaway has won a license to provide reinsurance services in Malaysia, the billionaire investor’s group said, as it expands operations in Asia. Berkshire Hathaway Specialty Insurance...
Supply Chain Risks Underinsured in APAC: Zurich Insurance/BCI Survey
Jan 13 2017 // Six out of 10 organizations in Asia Pacific experienced at least one supply chain disruption in the past year, with one in four incidents costing more than US$1 million, according to a survey conducted by the Business...
XL Catlin Invests $4M in Insurtech Microinsurance Startup, Stonestep
Dec 19 2016 // XL Catlin’s venture fund, XL Innovate, committed $4 million in first-round financing to Stonestep, a property/casualty insurtech startup looking to streamline how microinsurance is sold in emerging markets. The...
Guy Carpenter Appoints Nash as President of New International Division
Dec 13 2016 // Guy Carpenter & Co. announced the appointment of James Nash to the newly created role of president, International, subject to regulatory approval. Nash, who currently runs Guy Carpenter’s Asia Pacific operations,...
Credit Guarantee & Investment Facility Signs Inaugural Treaty Led by Munich Re
Dec 7 2016 // The Credit Guarantee and Investment Facility (CGIF)* announced it has executed its inaugural reinsurance treaty, with a panel of market leading private reinsurers, led by the specialist credit reinsurance team of Munich...
Uber Drivers in Taiwan Threatened with Fines of $780,000 in Draft Rules
Dec 6 2016 // Investors and companies are getting a preview of how the Taiwan government’s plan to become “Asia’s Silicon Valley” might fare. Uber Technologies Inc., one of Silicon Valley’s most disruptive...
Emerging Markets to Drive Insurance Sector Growth in 2017: Swiss Re
Nov 28 2016 // The global economy is expected to grow moderately over the next two years, supporting continued growth in insurance premium volumes, according to a Swiss Re report. Growth in global non-life premiums is forecast to fall...
Lloyd’s Names Swiss Re’s Kelly as Singapore Country Manager
Nov 17 2016 // Lloyd’s has appointed Angela Kelly as Lloyd’s country manager, Singapore, and CEO of Lloyd’s of London (Asia) Pte. Ltd. Kelly joins Lloyd’s from Swiss Re where she was chief executive officer of...
Allied World APAC Appoints 2 Casualty Specialists from AIG
Nov 16 2016 // Allied World Assurance Company Holdings announced two appointments to its General Casualty Division in Asia: Daphne Boon to the position of vice president, head of General Casualty (Asia), and Christie Huang Shuying to...
RFIB Names Leith-Smith, Penfold & Hawkins, Forming SE Asia Marine Cargo Team
Nov 8 2016 // RFIB Group Ltd., the London-based Lloyd’s insurance and reinsurance broker, announced the appointments of Paul Leith-Smith, Giles Penfold and Will Hawkins who will form a new Southeast Asia marine cargo team. The...
Climate Change Is Major Concern for 78% of SMEs: Zurich Report
Nov 4 2016 // Climate change is a major concern for small and medium-sized enterprises (SMEs), according to Zurich Insurance Group’s fourth annual global SME survey. Almost four-fifths (78 percent) of SMEs surveyed expected risks...
Alibaba’s Finance Unit, Ant, to Focus on Asia Expansion – Before Going Global
Nov 1 2016 // Ant Financial Services Group, the world’s biggest financial technology company, plans to focus its expansion plans in Asia before looking to go more global, a senior official said on Tuesday. Ant, Alibaba Group...
JLT Re Taps Willis Re’s Punch as MD, APAC, for Regional Clients & Retrocession
Oct 27 2016 // JLT Re, the London-based reinsurance broker and consultant, has appointed Stephen Punch as managing director, Asia Pacific, for Regional Clients and Retrocession. Punch is expected to join JLT Re in early 2017 after he has...
BHSI Licensed to Provide Re/Insurance in Macau; Key Positions Announced
Oct 6 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has received a license to provide insurance and reinsurance in Macau and filled key positions in its newly established Macau office. “It is a very interesting time in...
Supreme Court to Hear ‘Disparaging’ Trademark Case Similar to NFL’s Redskins’
Sep 29 2016 // The U.S. Supreme Court accepted a new case with implications for the Washington Redskins’ name controversy, agreeing to decide whether the federal government can withhold legal protections for trademarks it concludes...
Feds go after Silicon Valley Firm over Alleged Hiring Bias
Sep 29 2016 // The U.S. Department of Labor has filed a lawsuit accusing a fast-growing Silicon Valley software company of systematically discriminating against Asian job applicants. Palantir Technologies was co-founded by prominent tech...
XL Catlin Appoints Chambers as Country Manager, Hong Kong – Insurance
Sep 27 2016 // XL Catlin’s insurance operations announced the appointment of Jamie Chambers as country manager for Hong Kong. In his new role, Chambers will be responsible for driving XL Catlin’s insurance business and market...
Aspen Re Names Hough as Managing Director for Asia Pacific
Sep 26 2016 // Aspen Insurance Holdings Ltd. announced that its reinsurance segment, Aspen Re, has appointed Philip Hough as managing director, Asia Pacific. Hough will be based in Singapore and will report to Aspen Re Chief Executive...
PartnerRe Taps Willis Re’s Beedle to Head Asia-Pacific
Sep 13 2016 // James Beedle will be appointed to the position of head of Asia-Pacific and CEO of Partner Reinsurance Asia Pte. Ltd. to head up PartnerRe’s business operations in that region. Subject to regulatory approval, Beedle...
Greenlight Re Expanding into Europe, Asia with New Partnership
Sep 9 2016 // Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to improve underwriting. The...
