Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
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...
Hong Kong’s Li Returns to Insurance with $2.1 Billion ING Deal
Oct 19 2012 // Hong Kong businessman Richard Li, the younger son of Asia’s richest man, is buying ING’s Hong Kong, Macau and Thailand insurance units for $2.14 billion in cash, bringing the Dutch financial services company a...
Hong Kong’s Li Nears $2 Billion Acquisition of ING Units: Reuters
Oct 18 2012 // Hong Kong businessman Richard Li, younger son of Asia’s richest man Li Ka-shing, is nearing a deal to buy ING’s Hong Kong and Thailand business for over $2 billion, sources with direct knowledge of the matter...
ING to Sell Malaysian Insurance Unit to AIA for $1.73 Billion
Oct 11 2012 // Pan Asian insurer AIA Group Ltd has agreed to buy ING’s Malaysian insurance operations for $1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off Asian...
India’s Battered Insurers May Need More than Foreign Investment
Oct 10 2012 // India’s proposal to allow more foreign investment in its $41 billion insurance business provides a lifeline for an industry starved of capital and squeezed by regulation – but it may not pass parliament and it...
Aon Benfield’s Monthly Cat Recap Focuses on $7.5 Billion Asian Flood Losses
Oct 5 2012 // Asian flood losses during the third quarter of 2012 aggregated more than $7.5 billion in economic losses, of which China was the worst hit by two separate flood events that affected several provinces. “The most...
CPC Forecasts Weak El Niño for Northern Hemisphere Winter
Oct 5 2012 // The U.S. national weather forecaster still expects the much-feared El Niño phenomenon, which can wreak havoc on global weather, to remain weak into the Northern Hemisphere winter, even after its development slowed last...
AIR Worldwide Opens Singapore Office to Expand in Asia-Pacific
Oct 1 2012 // AIR Worldwide announced the opening of an office in Singapore to meet the expanding needs of clients in the Asian insurance market. “AIR has kept pace with the fast-growing markets and our equally fast-growing client...
Ameriprise in Talks to Buy ING’s Asian Asset Management Arm – Report
Sep 27 2012 // Ameriprise Financial Inc is in advanced talks to buy most of ING Group’s asset management business in Asia, Bloomberg reported, citing two people with knowledge of the matter. The companies are still negotiating on...
Aon Hewitt Opens New Office in Indonesia
Sep 18 2012 // Aon Hewitt, the global human resource solutions business of Aon plc, has opened a new office in Jakarta, Indonesia, as part of its regional expansion strategy. “The fast growing economy of Indonesia offers Aon Hewitt...
