Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Berkshire Hathaway Specialty Insurance Names Head of Singapore Energy Business
Mar 16 2015 // Berkshire Hathaway Specialty Insurance (BHSI) today announced another key addition to its leadership team in Asia, naming Min Ong as Asia regional head of energy, based in Singapore. Malin Fredriksson, Asia regional head...
ACE Makes New Appointments for Its Casualty Business in Asia Pacific
Mar 13 2015 // ACE Group has appointed Shaun Oliver to the role of head of casualty (energy and construction), Asia Pacific. The creation of this new role reflects the rapid growth and ongoing demand within this portfolio of business,...
Low Insurance Penetration Creates Asia-Pacific Opportunities: Aon Benfield
Mar 11 2015 // As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth in the global marketplace, according to a report published by Aon...
2014 Insured Losses Hit Lowest Level in Five Years: Guy Carpenter
Feb 26 2015 // Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review. The report says that significant insured losses in 2014 totaled approximately USD33...
Hong Kong-Based AIA Group Beats Estimates With 22% Jump in Profit
Feb 26 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a bigger-than-expected 22 percent increase in full-year profit, led by business growth in China and Hong Kong. Net income climbed to $3.45...
Berkshire Hathaway Specialty Insurance Fills 2 Key Positions in Singapore
Feb 23 2015 // Berkshire Hathaway Specialty Insurance (BHSI) announced two appointments to its leadership and underwriting team in Asia, naming Malin Fredriksson as Asia regional head of first party lines, and Kiran Prakash as Asia...
Marine Insurer Seacurus Launches South-East Asian Petro-Piracy Coverage
Feb 4 2015 // Specialist marine insurance intermediary, Seacurus, has developed a petro-piracy endorsement which can be added to existing kidnap & ransom (KR) insurance cover. The coverage was developed in response to the evolving...
Jardine Lloyd Thompson Announces Senior Employee Benefit Appointments
Jan 30 2015 // London-based Jardine Lloyd Thompson Group plc announced several senior management appointments within its UK Employee Benefits business and JLT Asia. These appointments are subject to obtaining the appropriate regulatory...
Asia’s Top-Performing Hedge Fund Bullish About China Insurers
Jan 27 2015 // Asia’s top-performing hedge fund is holding on to yuan shares of Chinese insurance and utilities companies, even after the Shanghai Composite Index surged 53 percent in 2014. Monetary easing in China will help...
AXA ART Announces New Global Organizational Structure
Jan 16 2015 // As part of its ongoing efforts to expand into new markets and bolster effective delivery of innovative product and service offerings to clients around the world, AXA ART announced it has structured its global operating...
Lowest Insured Losses since 2009: Impact Forecasting Climate and Cat Report
Jan 13 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has released its Annual Global Climate and Catastrophe Report, which evaluates the impact of the natural disaster events that occurred worldwide...
PartnerRe Establishes PartnerRe Asia
Jan 9 2015 // Partner Reinsurance Asia Pte. Ltd., a wholly owned subsidiary of PartnerRe Ltd., has been licensed by the Monetary Authority of Singapore to operate as a non-life and life reinsurer, capitalized in Singapore, according to...
France Sends Expert Search Team to Air Asia Jet Crash Scene
Jan 2 2015 // France’s BEA crash investigation agency said a specialist black box search team and equipment arrived on Friday at the search area for the Indonesia AirAsia flight which crashed on Sunday en route from Indonesia to...
Crowded Skies in Southeast Asia Put Stress on Pilots, Air Traffic Controllers
Dec 31 2014 // The sheer volume of flights in the skies over Southeast Asia is putting pressure on outdated air traffic control and on pilots to take risky unilateral action in crises such as that possibly faced by AirAsia Flight...
Indonesia, Malaysia, Thailand, Sri Lanka Hit by Heavy Rains, Floods: AIR
Dec 30 2014 // According to catastrophe modeling firm AIR Worldwide, the rains of the past week across Southeast Asia have been much higher than average, even for a period during which Southeast Asian countries normally experience heavy...
After 4 Air Crashes, 2014 Is One of Worst Years for Asian Aviation Industry
Dec 29 2014 // Four airline incidents in which more than 600 people died made 2014 one of the worst years for Asian aviation even before the disappearance of AirAsia Bhd. QZ8501. The unresolved disappearance of Malaysian Airline System...
Berkshire Hathaway Specialty Insurance Enters Singapore, Names Key Leaders
Dec 8 2014 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has received its non-life insurance license in Singapore, and named Marc Breuil as regional president, Marcus Portbury as head of third party lines, and Peter...
Maritime Security Guards Adapt to Decline in Somali Pirate Attacks
Dec 4 2014 // Cash-strapped maritime security firms are being forced to use fewer costly elite guards and to diversify into other businesses such as cyber security, as a steep decline in Somali pirate attacks and hotter competition...
A.M. Best: Asia-Pacific M&As Driven by Top-Line Growth Prospects
Dec 3 2014 // The Asia-Pacific region has been a popular destination for mergers and acquisitions, driven by top-line growth prospects for many still-developing markets with low insurance penetration, according to a Best’s Special...
ACE Names Waterford as Deputy Head of Accident & Health in Asia Pacific
Nov 25 2014 // ACE Group announced the appointment of Blain Waterford to the newly created role of vice president & deputy head of its accident & health business in Asia Pacific. In his new capacity, Waterford will head direct...
