Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
UN IPCC Head Sees Possible Climate Change Deal in 2009
May 5 2008 // The world can reach a significant new climate change pact by the end of 2009 if current talks keep up their momentum, the head of the United Nations climate panel said on Sunday. The United Nations began negotiations on a...
Zurich Expands Singapore Branch
May 5 2008 // The Zurich Financial Services Group has opened the Zurich Insurance Company Singapore branch, which becomes operational today, May 5, 2008. It will provide a full scope of insurance services to corporate and commercial...
People
Apr 21 2008 // Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also...
World’s Weather as a Deranged Pinball Machine?
Apr 21 2008 // The 10th edition of the European Insurance Forum (EIF), held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management Association (DIMA) April 7-8, focused on some major issues of...
Willis Appoints Asia Marketing Officer; Outlines Strategy
Apr 4 2008 // Willis Group Holdings announced the appointment of Paul Ward as Regional Marketing Officer for Asia. He will work with carriers to identify growth opportunities and develop marketing strategies for large accounts. Willis...
Ratings Roundup: Int’l. General, Arab Credit, Tower, Asian Re
Mar 28 2008 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Bermuda’s International General Insurance Company Limited (IGI). Best has also...
Lloyd’s Analyzes Southeast Asia Terrorism Threat
Feb 22 2008 // Lloyd’s has warned that businesses operating in Southeast Asia “need to better understand that the Asian terrorism threat is unique, complex and specific to the region.” Lloyd’s and the...
Batchelor Returning to London to Head Marsh Europe/Mideast
Jan 16 2008 // Marsh announced from its London office that David Batchelor will succeed Alex Moczarski as CEO of Marsh’s operations in Europe, the Middle East and Africa (EMEA). He currently heads the Asia Pacific region for Marsh,...
Swiss Re to Acquire 25% Stake in Vietnam National Re
Jan 9 2008 // Swiss Re announced that it has entered into an agreement to acquire a 25 percent stake in Vietnam’s leading reinsurance provider, Vietnam National Reinsurance Corporation (VinaRe), for VND1.3 trillion (approximately...
Best Affirms Asia Capital Re Ratings
Dec 31 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘A’- (Excellent) and the issuer credit rating of “a-” of Singapore-based Asia Capital Reinsurance Group Pte. Ltd. (ACR) with stable...
Zurich Establishes Asia-Pacific Corporate Business Unit
Dec 14 2007 // Zurich Financial Services Group announced that it will expand its services for corporate customers into the Asia-Pacific region with the creation of a new business unit, Global Corporate in Asia-Pacific (GCiAP). The new...
S&P Affirms AIG’s ‘AA’ Ratings; Asia Unit Upgraded to ‘AA+’; Outlook Stable
Dec 13 2007 // Standard & Poor’s Ratings Services gave the American International Group a vote of confidence as it affirmed AIG’s ‘AA’ long-term counterparty rating and its ‘AA+’ counterparty...
Ratings Recap: Russian Re, KAMP RE, Arab Group, NIPPONKOA (Asia), Tapiola
Dec 12 2007 // A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and an issuer credit rating of “bbb-” to Russian Reinsurance Company with a stable outlook. “The ratings reflect Russian...
New Report Reveals Future Exposure to Coastal Flood in Key Cities
Dec 4 2007 // As many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40 million people today – as a result of climate change and urban...
Ratings Recap: Fortis (Asia), Cattolica, West England Ship Owners, Endurance
Nov 20 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based Fortis Insurance Company (Asia) Limited (FICA) with a stable...
Guy Carp Makes Europe, Asia Pacific Executive Changes
Nov 13 2007 // Guy Carpenter & Company, LLC has announced a number of key executive appointments to its European and Asia Pacific broking operations. Nick Frankland, formerly CEO of UK Operations, has been appointed to the newly...
Ratings Recap: Labuan, Ansvar, MERITZ, Fairfax, Northbridge
Oct 26 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysia’s Labuan Reinsurance Ltd. with a stable outlook. “The...
Aeschbacher Joins Endurance-Asia
Oct 22 2007 // Bermuda-based Endurance Specialty Holdings Ltd. announced that Patrick Aeschbacher will join Endurance Worldwide Reinsurance to lead the further development of the Group’s reinsurance business in Asia and...
Ratings Recap: Ariel Re, Atrium, Malaysian Re, AMI, TM Asia, Bangkok Ins., Karlsruher
Oct 12 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Ariel Reinsurance Company Ltd. Best also affirmed the ICR of...
Aon Appoints Wada as New ‘Chief Diversity Officer’ – Asia Pacific
Oct 4 2007 // Aon Corp. announced from its Hong Kong office that Randy Wada, CEO of Aon Japan, has been appointed Chief Diversity Officer for Asia Pacific and will serve on the company’s global diversity advisory board. Aon...
