Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Milliman Report on Europe, Japan, Asia Insurers Sees Increased Embedded Value
Dec 21 2015 // Global consulting and actuarial firm Milliman, Inc. has announced the availability of two new reports detailing embedded value (EV) results for 32 major insurance companies in Europe and Japan and 14 major insurance...
Allied World Global Markets Appoints Cooke to Asia Marine Division
Dec 17 2015 // Allied World Assurance Company Holdings, AG announced that Tim Cooke has been appointed Vice President, Regional Head of Marine, based in Hong Kong. He will report to Bart Grefe, Senior Vice President, Head of Marine,...
Allied World Enhances Coverage for UK, Asia and Australia Healthcare Organizations
Dec 9 2015 // Allied World Global Markets has introduced enhanced coverage options for hospitals and other healthcare organizations in the UK, Asia and Australia. “The healthcare landscape is becoming increasingly complex,”...
Berkshire Hathaway Specialty Enters Asia Surety Market; Ho Named Head
Dec 9 2015 // Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it is entering the Surety market in Asia and has appointed Andrew Ho as Vice President, Head of Surety, Asia, based in Singapore. “Our expansion...
India Floods Top Aon Benfield/Impact Forecasting’s November Cat Recap
Dec 8 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred...
Shanghai Asian Insurance Brokers Registered as 1st Chinese Lloyd’s Broker
Dec 1 2015 // Shanghai Asian Insurance Brokers Co. Ltd. (SAIB) has been registered as the first Chinese Lloyd’s registered broker. Based in Shanghai, SAIB specializes in liability insurance, special risk insurance and reinsurance,...
ACE Announces Claims Leadership Team for Overseas General Insurance Division
Nov 30 2015 // ACE Ltd. announced the future claims leadership team it will appoint for the new Chubb Group’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of...
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
ACE Makes Future Leadership Appointments for APAC Region
Nov 23 2015 // ACE Ltd. announced key leaders it intends to appoint for the Asia Pacific region of the new Chubb Group’s Overseas General Insurance division, which includes Australia, China, Hong Kong, Indonesia, Korea, Macao,...
It’s 2026, There’s a Food Security Crisis- How Does World Respond?
Nov 12 2015 // The year is 2026. Flooding, worsened by climate change, has devastated Bangladesh and driven millions of hungry refugees to its border with India. Worried about unrest and disease, India asks other nations for help. The...
Xchanging Wins 3-Year Services Deal Supporting Lloyd’s Asia Platform
Nov 10 2015 // Xchanging plc, the London-based business technology and services provider, has won a three-year contract to supply insurance services to the Lloyd’s service companies operating from the Lloyd’s Asia platform in...
BHSI Launches D&O & Professional Indemnity Policies in Asia
Nov 2 2015 // Berkshire Hathaway Specialty Insurance Company (BHSI) introduced Executive First™ Directors & Officers (D&O) Liability and Professional First™ Professional Indemnity insurance policies in Asia. “With the...
Aon Benfield to Launch New Malaysia Cat, Jakarta Flood Models
Nov 2 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, is launching new models for Malaysia and Jakarta flood to help insurers and reinsurers better underwrite and manage their exposures in Asia. The...
Strong Quake Hits Afghanistan, Pakistan, India; Ongoing Search for Survivors
Oct 26 2015 // Afghanistan’s strongest earthquake in more than six decades shook buildings across South Asia, prompting officials from Kabul to Islamabad to New Delhi to send out rescue teams to search for survivors. More than 130...
Allied World Posts $51.6 Million Q3 Net Loss; GWP Increase
Oct 22 2015 // Allied World Assurance Company Holdings, AG reported a net loss of $51.6 million, or $0.57 per share, for the third quarter of 2015 compared to net income of $30.9 million, or $0.31 per diluted share, for the third quarter...
Marine Crimes in SE. Asia at Highest Level in Years: Dryad Maritime Study
Oct 20 2015 // In its latest report for the third quarter of 2015 Dryad Maritime, the UK’s maritime intelligence company, found that global maritime crime is showing “a stark rise of 38 percent of incidents across Southeast...
Insurance Australia Scraps Plans for Further China Investment
Oct 15 2015 // Insurance Australia Group Ltd. scrapped plans for further investment in China and will instead seek growth in other Asian markets, in a sign that Australia’s hopes of boosting services exports to the world’s...
Tropical Storm Koppu Forms in Pacific, Heading Toward Philippines, East Asia
Oct 14 2015 // Tropical Storm Koppu, which formed Tuesday in the Pacific Ocean, is heading west in a direction that may bring it ashore in the northern Philippines later this week. The system is forecast to continue its track west...
ACE Appoints Divakaran as Marine Risk Manager for Asia Pacific
Oct 8 2015 // ACE Group has appointed Captain Sivakumaran Divakaran as the new marine risk manager for Asia Pacific. Divakaran will be part of the Asia Pacific Marine team, which provides marine cargo insurance for a wide commodity...
Competition, Customer Demand Worry Global SMEs but Optimism Rises: Zurich
Oct 2 2015 // Small and medium-sized enterprises (SMEs) around the world are increasingly concerned about the impact of competition on margins and lack of consumer demand, according to Zurich Insurance Group’s third annual global...
