Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
White House Says Will Seek ‘Fast-Track’ Trade Authority
Mar 4 2013 // The White House on Friday said it would work for approval of politically contentious legislation that would ease the way for new trade deals, as it tries to wrap up talks on an Asia-Pacific free-trade agreement this...
TransRe Appoints Saville Manager, Sr. VP-Underwriting in Singapore
Mar 4 2013 // TransRe, the brand name for Transatlantic Holdings, Inc. and its subsidiaries, announced that Robert Saville has been appointed Sr. VP – Head of Underwriting at the new Singapore office of Transatlantic Reinsurance...
Insurance Australia Group Posts US$ 840 Million Half Year Insurance Profit
Feb 22 2013 // Insurance Australia Group Limited (IAG) announced an insurance profit of A$815 million [US$840 million] for the half-year ended 31 December 2012, compared to A$276 million [US$284.6 million], for the first half of 2012....
International Chamber of Commerce Survey Finds Improved Economic Climate
Feb 13 2013 // The Paris-based International Chamber of Commerce (ICC) and the Munich-based Ifo institute for economic research have released findings, which conclude that the “world economy is showing signs of brightening after...
Half of 2012’s Global Economic Losses Due to U.S. Natural Disasters: Aon
Feb 11 2013 // While global economic losses were close to average in 2012, insured losses were 36 percent higher than the 10-year average ($72 billion versus $53 billion) because the two most costly events of the year occurred in the...
Russia Arctic Natural Gas Shipping Route to Asia 10 Years Away
Jan 28 2013 // Tanker transport of Russian Arctic gas through the Bering Strait to Asian buyers is at least 10 years away because of ageing infrastructure, vessel shortages and growing disputes over waterway rights. Thawing sea ice...
Half of 2012’s Global Economic Losses Due to U.S. Natural Disasters: Aon
Jan 24 2013 // While global economic losses were close to average in 2012, insured losses last year were 36 percent higher than the 10 year average ($72 billion vs. $53 billion) because the two most costly events of the year occurred in...
Aon Benfield’s 2012 Cat Review Finds 36% Rise in Insured Losses at $133 Billion
Jan 24 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has published its Annual Global Climate and Catastrophe Report along with the establishment of a new website, Catastrophe Insight,...
Peak Re Launched in Hong Kong for ‘Underserved’ Asia Pacific Markets
Jan 10 2013 // Peak Reinsurance Company Limited formally announced that it has opened for business. The new reinsurer, established to capture the growing demand for modernized reinsurance solutions in Asia Pacific, said it has...
BMS Group Opens Sydney Office
Jan 4 2013 // The UK’s BMS Group, an independent global broker, has announced the opening of its Sydney office, which it said “marks another significant strategic goal for the group, with its first office in the Asia-Pacific...
Cooper Gay Targets Treaty Business in Asia with Yip Appointment
Dec 19 2012 // Independent insurance and reinsurance intermediary Cooper Gay, has appointed David Yip as Head of Treaty for Cooper Gay Hong Kong, as part of its expansion drive in Asia. “Yip will place particular emphasis on...
Best Special Report Focuses on Asia-Pacific Insurers Cat Loss Challenges
Dec 17 2012 // A special report from A.M. Best analyzes the “reduced frequency of large-scale catastrophes through November 2012, which, Best said, has “helped Asia-Pacific non-life insurers to slowly recover from losses...
AIG May Raise up to $6.5 Billion through AIA Share Sale – Sources
Dec 17 2012 // American International Group may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia’s second-largest block sale ever, exiting a business the U.S. insurer started nearly 100...
AIG’s $4.8 Billion Sale of Aircraft Unit to Chinese Group Faces U.S. Security Review
Dec 10 2012 // American International Group Inc. is to sell nearly all of ILFC , the world’s second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market...
UPDATE: Chinese Group to Buy AIG’s Plane Leasing Unit for up to $4.8 Billion
Dec 10 2012 // American International Group has agreed to sell nearly all of ILFC , the world’s second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market...
Willis International Announces European Leadership Appointments
Dec 4 2012 // Willis Group Holdings has announced a series of senior leadership appointments in its Willis International business unit, “focusing on its UK and wider European operations.” Willis also explained that the new...
South to Head Marsh’s Combined Asia-Pacific; Piccolomini Continental Europe
Nov 29 2012 // Marsh has embarked on a major reordering of its regional activities, which it said is “in order to align the delivery of its global capabilities more closely to the needs of clients around the world.” Marsh has...
Willis Launches ‘DARCstar’ Directors’ All Risks Cover in Asia-Pacific Region
Nov 14 2012 // Willis Group Holdings announced the launch of its directors’ all risks cover (DARCstar) in Australia, Hong Kong and Singapore, which it said offers “unique” coverage. Willis explained that “DARCstar...
Foreign Insurers Enter Myanmar Market with Hope, Caution
Nov 7 2012 // The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation’s political past. Prudential Plc, AIA Group Ltd and Manulife...
Xchanging Unveils Plans for More Asian Expansion
Nov 5 2012 // Xchanging, the business process, procurement and technology services provider and integrator, has announced its intention to open new delivery centers at two locations in Asia. The service provider already operates in 11...
