Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Allied World Reports Decreases in Q2 Net and Operating Income
Jul 23 2015 // Allied World Assurance Company Holdings, AG has reported net income of $9.5 million, or $0.10 per diluted share, for the second quarter of 2015 compared to net income of $151.9 million, or $1.52 per diluted share, for the...
Allied World Global Markets Appoints Garrison Senior VP, Asia-Pacific
Jul 22 2015 // Allied World Assurance Company Holdings, AG announced that Michael Garrison has been appointed Senior Vice President of Asia-Pacific for Allied World Global Markets. He will report to Julian James, President of Allied...
Guy Carpenter Predicts El Niño Event Will Bring Fewer Tropical Cyclone Landfalls
Jul 17 2015 // El Niño years bring disruptive weather, such as floods and drought, but have an added benefit of leading to fewer than average tropical cyclone landfalls, according to predictions issued by the Guy Carpenter Asia-Pacific...
Tokio Marine to Use Citic for China Growth, as It Steps Up Overseas Expansion
Jul 17 2015 // Tokio Marine Holdings Inc., fresh from its biggest acquisition in the U.S., is now looking for opportunities in China. The insurer plans to utilize its ties with Citic Group Corp., China’s biggest conglomerate, to...
Willis Asia Appoints Chan, Luah to Key Posts in Affinity Marketing, SME’s, HCB
Jul 10 2015 // Willis Group Holdings plc announced two senior appointments to lead its Asia regional operations in Affinity marketing and SMEs, and human capital and benefits (HCB). David Chan is now Asia Head of Affinity and SMEs, and...
Aon Benfield’s June Cat Report Highlights China Rains, Floods, U.S. Storms
Jul 9 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has released its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that...
ACE Appoints van Ratingen as Country President for the Philippines
Jul 9 2015 // ACE Group announced the appointment of Peter van Ratingenas its new country president for its general insurance operation in the Philippines. He succeeds Daniel Daly, who will retire on July 31, 2015. In his role as...
Willis Appoints Weaver CEO Singapore, SE Asia; Hooker for Natural Resources
Jun 25 2015 // Willis Group Holdings plc has appointed Simon Weaver as CEO of its Singapore office, and to the newly-created role of regional CEO for south-east Asia. He will be is moving from Miller, where he has spent two years as Head...
Allied World Asia-Pacific Launches Regional Brand Campaign
Jun 25 2015 // Allied World Assurance Company Holdings, AG has launched its first regional marketing campaign within Singapore and Hong Kong entitled “Insurance. Straight Up.” The bulletin said the “business-to-business...
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...
