Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Flitcroft Named Managing Director of Gen Re Australia, Regional Treaty Manager
Jun 24 2015 // Gen Re announced that Andrew Flitcroft will assume the role of managing director of General Reinsurance Australia and regional treaty manager for the Asia Pacific region, effective July 31. He will take over for Pietro...
Brokenshire Appointed Global Chief Operating Officer of JLT Re
Jun 19 2015 // JLT Re, the London-based provider of reinsurance broking and capital solutions, has appointed Craig Brokenshire as global chief operating officer. Brokenshire was previously COO of JLT Re’s Asia Pacific region,...
ACE Creates Asia-Pacific Unit to Service Captives, Complex Multinationals
Jun 18 2015 // ACE Group has created a dedicated and centralized unit in Asia Pacific in response to increasing demand from corporate customers to deliver tailor-made risk transfer and risk managed solutions. Based in Singapore, this...
Malaysia Islamic Insurers Seek to Double Policyholders by Going Digital
Jun 18 2015 // Malaysia’s Islamic insurers are seeking to double policyholders in five years by investing more in digital technologies to attract a younger audience, according to the industry association’s head. Takaful...
XL Catlin Launches 24/7 Product Recall Crisis Network in Asia
Jun 9 2015 // XL Catlin announced that its product recall insurance team in Asia has launched “Response XL Catlin,” a tailored network of expert crisis consultants, which will be supported in the region by global...
HSBC to Cut Up to 50,000 Jobs; Targets Growth of Asia Insurance Business
Jun 9 2015 // HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire. Chief Executive...
Asian-American Groups Target Harvard, UNC for Alleged Racial Bias in Admissions
May 18 2015 // A coalition of more than 60 Asian-American groups filed a federal discrimination action against Harvard University, claiming racial bias in undergraduate admissions. The administrative complaint follows the filing of a...
ACE Appoints Hamzah as Regional Medical Malpractice Manager, Asia
May 18 2015 // ACE Group has appointed Kamal Hamzah as regional medical malpractice manager for Asia, a newly created position, as it continues to expand its financial lines product portfolio in the region to include medical professional...
El Nino Emerges; Asia-Pacific Region Faces Months of Disruptive Weather
May 13 2015 // In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on Tuesday confirmed its...
Earthquake in Nepal Kills at Least 41, Injures Many, on Heels of April Temblor
May 12 2015 // An earthquake in Nepal on Tuesday killed at least 41 people and injured more than 1,000, a little over two weeks after thousands died in an even more powerful temblor. The 7.3 magnitude quake at 12:35 p.m. Indian time was...
Aspen Re Appoints Parker and Wedlock Within Asia Pacific Region
May 1 2015 // Aspen Re, the reinsurance segment of Aspen Insurance Holdings Limited, announces the appointments of Andrew Parker as head of its Australian branch in Sydney and senior underwriter and Paul Wedlock as senior underwriter...
Best Opens Singapore Office to Expand in Asia-Pacific Region
Apr 20 2015 // A.M. Best announced the establishment of a new office in Singapore as part of its continuing growth in the Asia Pacific Region, as the economies of the countries located there continue to expand. Best said the office would...
Willis Takes On Big Banks Seeking Asia M&A under Walkiewicz and Guo
Apr 20 2015 // Willis Group Holdings plc’s Rafal Walkiewicz and Michael Guo, who were promoted last week to lead the investment-banking operation, are focusing on Asia as they vie with Wall Street in advising insurance...
Beazley, Korean Re Form Partnership; Create Special Purpose Lloyd’s Syndicate
Apr 9 2015 // Beazley and Korean Re announced a partnership to develop business together and to establish a special purpose syndicate at Lloyd’s, Syndicate 6050. Under the agreement, Syndicate 6050 will write a whole account quota...
Generali Strengthens International Management Team in Asia, LatAm, Europe
Apr 2 2015 // Generali has strengthened its international management team with two new managers joining the group to lead Asia and the Americas and a new appointment in Europe, effective April 1. Jack Howell is the new Asia regional...
ACE Creates International Excess Unit in Asia Pacific; Appoints Sexton
Mar 31 2015 // ACE Group has created a new business unit – ACE International Excess (AIE)– to provide commercial property insurance on an excess basis for large companies in the Asia Pacific region. The new business unit will be...
Guy Carpenter Report Reveals Greatest Tsunami Risk Lies in Taiwan
Mar 23 2015 // Guy Carpenter’s new scenario risk report for the Asia-Pacific region predicts the greatest tsunami risk in the area lies in Taiwan. The report, titled “Tsunami Risk from Magnitude 9.4 Earthquake in Manila...
People – West
Mar 23 2015 // The members of the Surplus Line Association of California have named Denis Brady, president of Burns & Wilcox Brokerage in San Francisco, chair of the SLA board of directors. Brady’s election was finalized after...
ACE Appoints Tan in New Regional Head of Agency Role for Asia Pacific
Mar 19 2015 // ACE Group has appointed Jeslyn Tan to the new role of regional head of agency for Asia Pacific, based in Thailand. The creation of this new role reflects the company’s commitment and investment to expand the agency...
California Commissioner Names New Insurance Diversity Task Force
Mar 16 2015 // California Insurance Commissioner Dave Jones on Monday announced the members of the 2015-2016 Insurance Diversity Task Force, which will make recommendations to Jones on ways to increase diversity in procurement and...
