Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Aon Benfield to Launch New Malaysia Cat, Jakarta Flood Models
Nov 2 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, is launching new models for Malaysia and Jakarta flood to help insurers and reinsurers better underwrite and manage their exposures in Asia. The...
Strong Quake Hits Afghanistan, Pakistan, India; Ongoing Search for Survivors
Oct 26 2015 // Afghanistan’s strongest earthquake in more than six decades shook buildings across South Asia, prompting officials from Kabul to Islamabad to New Delhi to send out rescue teams to search for survivors. More than 130...
Allied World Posts $51.6 Million Q3 Net Loss; GWP Increase
Oct 22 2015 // Allied World Assurance Company Holdings, AG reported a net loss of $51.6 million, or $0.57 per share, for the third quarter of 2015 compared to net income of $30.9 million, or $0.31 per diluted share, for the third quarter...
Marine Crimes in SE. Asia at Highest Level in Years: Dryad Maritime Study
Oct 20 2015 // In its latest report for the third quarter of 2015 Dryad Maritime, the UK’s maritime intelligence company, found that global maritime crime is showing “a stark rise of 38 percent of incidents across Southeast...
Insurance Australia Scraps Plans for Further China Investment
Oct 15 2015 // Insurance Australia Group Ltd. scrapped plans for further investment in China and will instead seek growth in other Asian markets, in a sign that Australia’s hopes of boosting services exports to the world’s...
Tropical Storm Koppu Forms in Pacific, Heading Toward Philippines, East Asia
Oct 14 2015 // Tropical Storm Koppu, which formed Tuesday in the Pacific Ocean, is heading west in a direction that may bring it ashore in the northern Philippines later this week. The system is forecast to continue its track west...
ACE Appoints Divakaran as Marine Risk Manager for Asia Pacific
Oct 8 2015 // ACE Group has appointed Captain Sivakumaran Divakaran as the new marine risk manager for Asia Pacific. Divakaran will be part of the Asia Pacific Marine team, which provides marine cargo insurance for a wide commodity...
Competition, Customer Demand Worry Global SMEs but Optimism Rises: Zurich
Oct 2 2015 // Small and medium-sized enterprises (SMEs) around the world are increasingly concerned about the impact of competition on margins and lack of consumer demand, according to Zurich Insurance Group’s third annual global...
QBE Relocates Wulff to Hong Kong, Anticipating Growth of Credit & Surety in Asia
Sep 23 2015 // QBE Emerging Markets – Asia Pacific announced that its group general manager of Credit & Surety, Richard Wulff, will be relocating to Hong Kong from Singapore, effective January 2016. Wulff is relocating to...
Guy Carpenter Execs Discuss Reinsurance Trends at Rendez-Vous Panel
Sep 14 2015 // Challenging market conditions due to abundant capacity, the ongoing influx of new capital and limited loss experience, continue to put pressure on the reinsurance sector, while recent M&A activity is adding a new...
QBE Asia Pacific Appoints Allan as General Manager – Claims, Asia Pacific
Sep 10 2015 // QBE Asia Pacific announced the appointment of Martin Allan to the role of general manager – Claims, Asia Pacific, with effect from September 8, 2015. In this role, Allan is responsible for managing the claims function...
Insurers Look to Cyber, M&A Coverage as Prices Decline: Marsh
Sep 7 2015 // Commercial insurance rates continued their global decline in the second quarter of 2015, a trend driven by an abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global...
QBE Appoints Lingafelter as Managing Director of Asia Pacific Region
Aug 31 2015 // QBE Insurance has appointed Mark Lingafelter as managing director of its Asia Pacific region with effect from September 1, 2015. Based in Singapore, Lingafelter will be accountable for the ongoing execution of the QBE Asia...
RMS and Taiwan’s MSIG Mingtai Collaborate on Typhoon Risk Insights
Aug 27 2015 // RMS, the Newark, Calif.-based catastrophe risk management firm, has formed a technical collaboration with MSIG Mingtai Insurance Co. Ltd. to share industry information and insight about the local Taiwanese insurance...
Insurers Look to Cyber, M&A Coverage as Prices Decline for 9th Quarter: Marsh
Aug 14 2015 // Commercial insurance rates continued their global decline in the 2015 second quarter, a trend driven by a continued abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global...
TigerRisk Enters China Market with Opening of Hong Kong Office
Aug 3 2015 // TigerRisk Partners LLC announced its first presence in Asia with the opening of the Hong Kong office of its subsidiary TigerRisk China Partners. TigerRisk China Partners is a member of the Hong Kong Confederation of...
Geneva Association Study Analyzes Asian Flood Risks, Insurability
Jul 29 2015 // The Geneva Association has released a 47 page report that details the particulars of insuring the risks from floods in Asia’s “high growth” markets. “In Asia, the insurance protection gap is yawning...
Lloyd’s Supports Natural Catastrophe Resilience Plan Across Asia
Jul 28 2015 // As he prepared to sign a Statement of Intent (SOI) between the British Government, the Monetary Authority of Singapore and Lloyd’s in Singapore, UK Prime Minister David Cameron stressed that insurance is essential to...
Qin Lu to Head Aon Benfield, Aon Risk Solutions in China
Jul 24 2015 // Aon announced that Qin Lu has joined the group as CEO, Aon Benfield Greater China and CEO, Aon Risk Solutions, China, to take effect later this year. The bulletin said the new appointment would “help to align...
AIA New Business Value Advances 21% in First Half on China
Jul 24 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a 21 percent increase in new business value as China became its second-largest market for the first time by that measure. The gauge of projected...
