Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Elderly Healthcare in APAC to Cost $20 Trillion-Plus over Next 15 Years: Marsh
Aug 31 2016 // Elderly healthcare in the Asia Pacific region will cost more than US$20 trillion between 2015 and 2030, according to a report published by Marsh & McLennan Cos. The report titled “Advancing into the Golden Years...
UK’s Aviva to Hire JPMorgan’s Singh to Head Global M&A, Source Says
Aug 30 2016 // Aviva Plc hired Chetan Singh, a managing director at JPMorgan Chase & Co., to head its mergers and acquisitions globally as the British insurer scouts for deals outside its home market. Singh, who led dealmaking for...
Asian Regulatory Changes Could Hike Demand for Local Reinsurance: Fitch
Aug 30 2016 // Various regulatory initiatives in Asian markets could lead to greater demand for local reinsurance capacity as direct insurers rethink risk management strategies and appetite, according to a report published by Fitch...
Marsh & McLennan Launches Asia Pacific Risk Center in Singapore
Aug 25 2016 // Marsh & McLennan Cos. and the Singapore Economic Development Board (EDB) announced the launch of the Asia Pacific Risk Center (APRC) in Singapore, which aims to analyze key risks facing industries and governments in...
XL Catlin Names Chow as Senior U/W, Political Risk & Trade Credit, Asia Pacific
Aug 25 2016 // XL Catlin’s insurance operations announced the appointment of Bonnie Chow as senior underwriter, Political Risk and Trade Credit insurance for Asia Pacific. She will be based in Sydney. Chow has over 20 years’...
Willis Re Taps Aon’s McDowell to Lead Bermuda Unit; Harden as APAC President
Aug 23 2016 // Willis Re announced the appointment of Chris McDowell as CEO of Willis Re Bermuda. Effective Jan. 1, 2017, he will succeed Michael Harden, CEO of Willis Re Bermuda since 2014, who is returning to the Asia Pacific region as...
Zurich Insurance (Hong Kong) Appoints Chiu as Head of Global Corporate Division
Aug 19 2016 // Zurich Insurance (Hong Kong) has appointed Philip Chiu as the head of its Global Corporate Division, in a move from his previous position as Zurich’s head of Financial Lines in Asia. He will directly report to Keith...
Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA
Aug 18 2016 // Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting...
Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources
Aug 18 2016 // Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance products through Standard Chartered Plc outlets in Asia, according to...
Allianz Group’s AGCS Names Property, Engineering & Risk Consulting Senior Leaders
Aug 15 2016 // Allianz Global Corporate & Specialty SE (AGCS) has announced senior underwriting appointments in property and engineering as well as risk consulting. Thierry Portevin will take over the role of global head of Property...
ArgoGlobal Buys Renewal Rights to Allied World’s Marine Hull Business in Asia
Aug 15 2016 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced it has acquired the renewal rights for Allied World’s marine hull business in Asia. The transaction completed on August 5. “I am very...
Howell Named Regional CEO of Zurich in Asia Pacific
Aug 11 2016 // Zurich announced the appointment of Jack Howell, (46, U.S. citizen) to the role of regional chief executive officer of Zurich in Asia Pacific, effective Sept. 1, 2016. In his role he will report to Mario Greco, group chief...
Marsh Names South as President, US & Canada Unit; APAC, Middle East Realigned
Jul 25 2016 // Marsh announced that it has appointed Martin South as president, U.S. and Canada division, effective Sept. 1, 2016. South will report to John Doyle, president of Marsh, and will be based in Marsh’s New York office....
Malaysian Sovereign Fund Weighs Bid for Insurance Unit of Hong Leong Financial
Jul 19 2016 // Khazanah Nasional Bhd., the $27 billion Malaysian sovereign fund, is weighing a bid for control of the insurance operations of billionaire Quek Leng Chan’s Hong Leong Financial Group Bhd., people with knowledge of...
Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global
Jul 18 2016 // Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at...
BHSI Launches Insurance Products for Directors & Officers in Asia
Jul 13 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) is expanding its executive & professional lines capabilities in Asia with the introduction of Executive First™ Public Offering of Securities Insurance (POSI) and...
Nexus Acquires Beacon, Hong Kong-Based Marine MGA
Jul 6 2016 // Nexus Underwriting Management Ltd. has acquired 100 percent of the shareholding in Hong Kong-domiciled Beacon Underwriters Ltd., a marine managing general agent. Beacon was established in 2009 as a Lloyd’s...
Allianz Set to Begin $3.3B Asia Property Push over Next 3 Years
Jun 30 2016 // Allianz Real Estate is set to make its biggest Asian investment to date, in a first step toward adding as much 3 billion euros ($3.3 billion) of real estate in the region within three years. The $150 million pan-Asian fund...
Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re
Jun 29 2016 // Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re’s latest sigma...
Zurich Offers Post Cyber Attack Response Service in APAC
Jun 23 2016 // Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford &...
