Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Chinese imports and product liability coverage
Sep 24 2007 // Recalled toys sit in the foreground as Sen. Richard Durbin, D-Ill., calls on a witness during the Senate Appropriations subcommittee hearing on Capitol Hill in Washington, Wednesday, Sept. 12, 2007, to discuss toy safety...
Chinese imports and product liability coverage
Sep 24 2007 // Wave of recalls pushes broker, insurer roles in product safety, recall planning into limelight Product manufacturers are constantly looking for ways to stay competitive in a global marketplace and sourcing products and...
HSBC Acquires 10% Stake in Vietnam’s Bao Viet
Sep 14 2007 // HSBC, one of the largest international banks, has entered into an agreement to acquire a 10 percent stake in Vietnam’s leading insurance and financial services group, Vietnam Insurance Corporation (Bao Viet), for...
S&P Sees Stability in Asia-Pacific Reinsurance Markets
Sep 11 2007 // Standard & Poor’s Ratings Services’ new report – “Asia-Pacific Reinsurance Markets Remain Stable Despite Softening” – indicates that ratings on global and domestic reinsurers in the...
S&P: Outlooks on Most Asia-Pacific Insurance Markets is Stable
Jul 5 2007 // The Hong Kong office of Standard & Poor’s Ratings Services has issued a report affirming the stable outlook on most of the insurance markets in the Asia-Pacific region. “They reflect strengthening balance...
Ratings Roundup: ING Canada, AXA RE Pacific (PARIS RE)
Jul 5 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of the ING Canada Group. The group includes Belair Insurance Company Inc....
US Calls on Asia to Take Action to Reduce Greenhouse Gases
May 30 2007 // Asian nations could reduce a quarter of their greenhouse gas emissions by 2030 if they increase renewable energy use, improve coal-fired power plant efficiency and switch to biofuels, a U.S. government report said...
Assurex Assesses Asian Market Opportunities, ‘Pitfalls’
Apr 17 2007 // Assurex Global Partners assembled “more than 100” members “from six continents” at its annual Spring Partners’ Conference, held recently in Hong Kong, where they “discussed the...
AXA to Buy Korean Direct Auto Insurer
Mar 19 2007 // France’s Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer. The announcement did not state the purchase...
Lloyd’s Chairman Revues Asia’s Growth Prospects in Singapore Speech
Mar 12 2007 // Lord Peter Levene, Chairman of Lloyd’s, reminded an appreciative audience in Singapore that “Asia is an exciting place to be right now. Its expertise and knowledge, combined with its vast population and low...
Lloyd’s Launches Malaysian Subsidiary
Mar 1 2007 // Lloyd’s Chairman Lord Peter Levene made a trip to Malaysia’s capital Kuala Lumpur to help launch the London Market’s new subsidiary there, Lloyd’s Labuan Limited, and the upgrading of its...
Lee Named Assured Guaranty (UK) Asia Manager
Jan 4 2007 // Assured Guaranty Corp., a subsidiary of Assured Guaranty Ltd. announced that its London-based subsidiary, Assured Guaranty (UK) Ltd., has appointed Craig Lee as Managing Director, Asia Pacific, “responsible for...
Research and Markets Publishes Global Industry Guide
Dec 22 2006 // The Dublin-based study group Research and Markets announced the addition of “Insurance: Global Industry Guide” to their offering. The bulletin described the new study as “an essential resource for...
Beazley Opens Singapore Office
Nov 13 2006 // Beazley Group plc has expanded its Engineering and Construction team with the opening of a new office in Singapore and the appointment of Byran Lee Guan Leong and Wong Jyh Lih. They will be based in Singapore, writing...
Chaucer Forms Singapore Sub
Sep 29 2006 // The London-based Chaucer Syndicates Limited, the managing agency subsidiary of Lloyd’s insurer Chaucer Holdings PLC, has announced plans for the formation of a new Singapore-based company to underwrite Asian...
Euler Hermes Finds ‘Imbalances’ Could Slow Growth of Global Economy
Sep 26 2006 // Euler Hermes ACI, the US subsidiary of the Euler Hermes group, a global credit insurance provider, has issued its latest analysis of the global economy which concludes that although the IMF outlook remains positive,...
Singapore PM Urges Lloyd’s to Expand Asian Links
Sep 11 2006 // Lloyd’s Chairman Lord Levene welcomed His Excellency Lee Hsien Loong, Prime Minister of Singapore, and a host of senior executives from across the insurance market, government and business at a dinner held in the...
Towers Perrin Appoints Taylor-Gooby Managing Director, Tillinghast
Sep 5 2006 // Towers Perrin has named Steve Taylor-Gooby as managing director for its Tillinghast business. In his new role, Taylor-Gooby will assume responsibility for establishing overall strategic direction, key investment priorities...
IAG Fiscal ’06 Profit Off 13% to $655 Million
Aug 25 2006 // Insurance Australia Group Limited has released its earnings figures for the fiscal year 2006, which ended June 30. Overall profit for the year was A$862 million (US$655 million) compared to A$928 million (US$705 million)...
AXA Gives Donnet Greater Role in Japan, Asia-Pacific; Penn to Head Australia/NZ
Aug 17 2006 // France’s AXA Group has appointed Philippe Donnet to the position of AXA Group Regional CEO – based in Singapore – to oversee AXA’s principal insurance businesses in the Japan & Asia-Pacific...
