Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Whittington Names Birch as New Asia/Pacific COO
Aug 2 2006 // Whittington Group, the Singapore-based insurance services provider, announced that Simon Birch has been appointed Chief Operating Officer to lead the Group’s Asia Pacific expansion plans from its Singapore...
Southeast Asian Nations Urge Disaster Warning Systems
Jul 26 2006 // Southeast Asian foreign ministers this week issued an urgent call to set up disaster alert systems in the region, shaken by Indonesia’s failure to give advance warning of a tsunami last week that killed at least 600...
Business Moves
Jul 24 2006 // Starr Aviation Agency, Chubb Starr Aviation Agency Inc., a wholly-owned specialty subsidiary of C.V. Starr & Co. Inc. and The Chubb Corp. entered into an underwriting agreement under which Chubb will provide hull and...
Business Moves
Jul 3 2006 // IAG, Lloyd’s Insurance Australia Group Ltd. acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Ltd., to “support the development and management of its expanding...
Marsh Combining Asia, Pacific Region
Jun 30 2006 // Global broker and risk management specialist Marsh has announced a global restructuring, which will include combining its Asia and Pacific regions. “Through this move Marsh intends that its new Asia Pacific region...
IAG Acquires New Lloyd’s MA – Specialist Asian Insurer
Jun 15 2006 // Insurance Australia Group Limited (IAG) announced that it has acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Limited, to “support the development and management...
Beazley Buys Out Asia Pacific Underwriting Agency
Jun 15 2006 // Beazley Group plc has increased its stake to 100 percent in Asia Pacific Underwriting Agency Limited (APUA), a Hong Kong based insurance underwriting agency, that sources business throughout Asia from insurance...
AXA, Credit Suisse Agree on $10 Billion Winterthur Sale
Jun 14 2006 // This time around the AXA Group and Credit Suisse lost no time in coming to an agreement to sell Winterthur, the Swiss bank’s insurance division, to the French insurer for CHF 12.3 billion (around $10 billion –...
Swiss Re Opens HK Training Center
May 22 2006 // Swiss Re announced that it has officially opened the “Swiss Insurance Training Centre (HK) [SITC-HK], to mark the company’s 50th year in Asia-Pacific.” Swiss Re said the new facility will provide...
Avian Flu and the Property Casualty Industry
May 22 2006 // Insurance buyers are taking a close look at their insurance and risk management programs, looking for possible financial recourse in the event of an outbreak. It is therefore worthwhile to examine each line of coverage in...
Converium Confirms Successful April 1 Non-U.S. Treaty Renewals
May 9 2006 // Swiss-based Converium recorded successful renewals of its of non-life treaties as of April 1. The Company said it “bound non-life contracts of US$ 272.2 million or 99.5 percent of the business that was up for...
Tokio Marine to Acquire Majority Stake in Asia General
Apr 20 2006 // Tokio Marine & Nichido Fire Insurance Co., Ltd., subsidiaries of Japan’s largest insurer (by net premiums written), Millea Holdings, Inc., announced that they have reached an agreement with shareholders holding...
SCOR Scores Success with Asian Treaty Renewals
Apr 18 2006 // French reinsurer SCOR Group reported premium gains in its Asia-Pacific zone following treaty renewals at the beginning of April. Written premiums In Japan exceeded 7 billion yen ($59.3 million) up 6 percent compared to...
Liberty Int’l. Opens Hong Kong Office
Apr 7 2006 // Liberty International Underwriters, a division of Liberty Mutual Group, has opened a North Asia Regional Office in Quarry Bay, Hong Kong. “The explosive growth of specialty insurance in Asia is underscored by...
Marsh Mac’s Mercer Finds Lack of Pandemic Planning
Mar 30 2006 // A global survey study conducted by Marsh Mac’s Mercer Human Resource Consulting has determined that while “evidence of the global spread of avian flu increases, there is a striking gap between companies’...
London Asia Capital Unveils Mongolian Joint Venture
Mar 7 2006 // London Asia Capital PLC, a U.K.-based investment and merchant banking group focusing on “Greater China,” announced creation of London Asia Capital Mongolia Ltd., a 60/40 joint venture with Capitron Bank of...
Whittington to Set up New Singapore Insurer
Nov 18 2005 // The insurance division of the Omni Whittington Group is to demerge and will benefit from a major injection of expansion capital. A new holding company, Whittington Group Pte Limited, will be domiciled in Singapore with net...
BPG: Industry Can Reduce Costs by as Much as 30% in Implementing Business Process Automation Technology
Nov 2 2005 // BearingPoint Inc., a global management and technology consulting firm, announced the results of a global research study showing that insurance companies that implement key automation technology can reduce costs by as much...
AIG Aids South Asia Quake Victims
Oct 13 2005 // American International Group Inc. (AIG) is donating $1 million to support relief efforts in the areas affected by the Oct. 8 earthquake in South Asia. In addition, AIG is encouraging its employees to help the earthquake...
UPDATE: Death Toll from Asia Quake Rises; More than 20,000 Killed, Many People Missing
Oct 9 2005 // Authorities report that the death toll from the powerful earthquake that struck Northwestern Pakistan, India and parts of Afghanistan on Saturday, Oct. 8, has risen to more than 20,000, with many people unaccounted for as...
