Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Swiss Re Corporate Solutions Names Rake as CEO Asia Pacific
May 25 2017 // Swiss Re Corporate Solutions has appointed Jonathan Rake as CEO Asia Pacific, based in Singapore. Rake will move from his current position as head South East Asia and assumes the new role on July 1, 2017. He succeeds Fred...
AXIS Re & China’s Renmin University Offer Actuarial Scholarship
Apr 24 2017 // Bermuda-based AXIS Capital Holdings Ltd. announced the launch of the “AXIS Re Actuarial Scholarship” in partnership with Renmin University in China. The scholarship fund will provide financial assistance to...
Global Insurance Industry Set to Grow by 4.5% in 2017-2018: Munich Re
Apr 21 2017 // The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re. While premium income is...
Singapore Ranks Highest in Asia in Attracting Talent; No. 2 in Global Index
Apr 18 2017 // Singapore ranks the highest in Asia in attracting and developing talent, reflecting not only its world-class education system but how it’s adapting skills in the digital era. The city-state took the No. 2 spot behind...
Swiss Re Gears Up to Launch Subsidiary in Singapore in 2018
Apr 18 2017 // Swiss Re plans to launch in 2018 a subsidiary in Singapore, which will become the company’s regional headquarters for its reinsurance operations in Asia. The company, Swiss Re Asia, will be wholly owned by its...
Brit Appoints ArgoGlobal’s Lim as CEO of Brit Singapore
Apr 13 2017 // Brit Ltd. announced that it has appointed David Lim as CEO, Brit Global Specialty Singapore, with effect from May 15, 2017. Following the appointment, Lim, together with Charles Barrett, chief underwriting officer, Asia...
China’s Ant Financial to Offer Mobile Finance Services in Indonesia
Apr 12 2017 // Ant Financial, the finance affiliate of Alibaba Group Holding, and Indonesian media company Elang Mahkota Teknologi (Emtek) are to form a joint venture to offer payment and financial services in Indonesia. The Emtek tie-up...
Chubb Promotes Samuel as Head of Power & Utilities for Asia
Apr 11 2017 // Chubb has appointed Titus Samuel as the new head of Power and Utilities for Asia. Samuel will be based in Singapore and will report to Mick Peacock, head of Power and Energy for Asia Pacific. Prior to his new appointment,...
Insurtech Microinsurance Specialist, BIMA, Gets $16.8M Investment
Apr 10 2017 // BIMA, the insurtech firm that offers microinsurance in emerging markets, announced the close of an investment of US$16.8 million by Axiata Digital, the digital services arm of Axiata Group Berhad, one of Asia’s...
Uber’s Biggest SE Asia Rival, Grab, Buys Indonesian E-Commerce Platform
Apr 3 2017 // Grab, Uber Technologies Inc.’s biggest rival in Southeast Asia, will acquire Indonesian e-commerce startup Kudo for an undisclosed amount, striking its first deal since pledging to invest $700 million in its largest...
Citigroup to Seek Bancassurance Distribution Partners in APAC Region: Source
Mar 28 2017 // Citigroup Inc. will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of...
As China Liberalizes Financial Sector, It Seeks ‘Better Treatment’ Abroad
Mar 27 2017 // People’s Bank of China Governor Zhou Xiaochuan said the country is preparing to further open its financial sector, and that doing so will involve negotiations over how other nations treat Chinese investors. Areas of...
RMS Launches Agricultural Risk Models for India and China
Mar 15 2017 // RMS, the Newark, Calif.-based catastrophe risk management firm, has added agricultural risk models for India and China to its line of emerging risks models, and plans to expand coverage across Asia-Pacific and the...
BHSI Launches Accident & Health Solutions in Asia; Product Line Heads Named
Mar 6 2017 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced group personal accident, corporate travel and expatriate medical insurance in Singapore and Hong Kong. The company also named Kok Leong Koo as...
Trump’s ‘America First’ Trade Policy Overlooks America’s Exports of Services
Mar 2 2017 // One thing that’s often missed in President Donald Trump’s complaints about the U.S. trade deficit is America’s $248 billion surplus in exports of services like education, financial services and...
Singapore Tightens Rules for Sharing Economy that Could Disrupt Asia Ambitions
Feb 27 2017 // Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. The rules, some...
Uber Suspends Service in Taiwan After Authorities Raise Fines
Feb 2 2017 // Uber Technologies Inc. said it will suspend its service in Taiwan from Feb. 10, firing the latest salvo in the ride-hailing service company’s long-running dispute with the island’s authorities. Uber’s...
JLT Re Appoints Pang as Philippines Managing Director
Feb 1 2017 // JLT Re, the global provider of reinsurance broking and consultancy, announced the appointment of William Pang as managing director for JLT Re Philippines, subject to regulatory approval. Pang will be relocating to Manila...
Trump Orders U.S. Exit from Pacific Trade Pact and Reset on NAFTA
Jan 23 2017 // President Donald Trump abruptly ended the decades-old U.S. tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North...
Allianz & Standard Chartered Form Bancassurance Partnership in Asia
Jan 19 2017 // Standard Chartered Bank and Allianz have formed a 15-year bancassurance partnership for the distribution of Allianz’s general insurance products, including travel, personal accident, fire and motor insurance...
