Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Lloyd’s Statement on Asian Tidal Waves
Dec 31 2004 // Lloyd’s has issued a bulletin expressing the London market’s solidarity with the victims of the Indian Ocean tidal waves, stating: “Our thoughts are with the people who have been affected by this tragedy....
World Responds to Asia’s Aid Call
Dec 31 2004 // Just as the disaster that struck 12 countries around the Indian Ocean was unprecedented, so too has been the response from around the world to the calls for help. Private citizens, companies and the World Bank have already...
ACE Issues Statement on Asian Disaster; Will Match Employee Aid Contributions
Dec 31 2004 // Evan Greenberg, president and CEO of Bermuda-based ACE Limited, has issued a statement on the earthquake and tsunamis that struck Southeast Asia, and the measures the company has initiated to help the victims “The...
Search for Missing Americans Continues in Southeast Asia; 12 Confirmed Dead
Dec 30 2004 // While the death toll approached 120,000 on Thursday in the wake of the devastating earthquake and tsunamis that hit Southeast Asia on Sunday, The U.S. State Department continues its efforts to find thousands of Americans...
Worldwide Response to Asia’s Agony; Calls for Donations
Dec 30 2004 // As the scope of the disaster that struck 11 countries in the Indian Ocean continues to emerge, the world’s nations are beginning to gear up for what will undoubtedly be the largest collective relief effort ever...
Crawford & Co. Mobilizes Catastrophe Team To Southeast Asia
Dec 29 2004 // Atlanta-based Crawford & Co., an independent provider of claims management services, has mobilized a catastrophe team in response to the Dec. 26 tsunami that devastated Southeast Asia. The company is an independent...
Fitch Sees Tsunami Repercussions Varying Across Insurance Sector
Dec 29 2004 // Fitch Ratings has issued a bulletin indicating that it “expects insured losses stemming from the recent Southeast Asian earthquake and tsunami to affect the Asian primary insurance market and the worldwide...
President Bush Tells Asian Leaders U.S. is Committed to Helping in Wake of Devastation
Dec 29 2004 // President George W. Bush told Asian leaders that the United States is committed to helping their countries following Sunday’s earthquake and killer tsunamis that have killed more than 60,000 people. The following is...
Aviva to Sell Asian P/C Business to Mitsui Sumitomo
Sep 7 2004 // The U.K.’s Aviva (ex-CGNU) has agreed to sell its Asian non-life business to Japan’s second largest general insurer (after Tokio Marine) Mitsui Sumitomo Insurance Co Ltd. (MSI), for £249 million ($443...
ACE Announces Japan, N.Z. Management Changes
Aug 31 2004 // ACE Overseas General, the non-U.S. insurance operations of The ACE Group of Companies, announced from Bermuda that Neil C. Smith has been appointed as President of ACE Far East. He succeeds Scott Pickering, who has been...
Zurich’s Emerging Markets Unit Adds Marketing Manager in Hong Kong
Aug 27 2004 // Zurich announced that Susan Yee has joined its business unit providing insurance and risk management solutions in emerging markets as marketing manager in Hong Kong. She will be responsible for marketing and underwriting...
Allianz Appoints Bowers New Asia CEO
Aug 11 2004 // Germany’s Allianz announced that Bruce Bowers has been appointed CEO of Allianz Insurance Management Asia Pacific Pt. Ltd., based in Singapore, with effect from September 1, 2004. He will succeed Alan Wilson who has...
Tower Group: North American Insurers See Growth in Emerging Markets for Asia, Europe and Latin America
Aug 3 2004 // North American insurers currently are pursuing global expansion at a pace rivaling that of European insurers’ entry into U.S. markets in the early 1990s. According to TowerGroup, more favorable economics, key...
AIG United Guaranty to Expand in EU, Asia
Jun 22 2004 // AIG United Guaranty, whose affiliate companies provide mortgage guaranty insurance, announced plans to expand both its European and Asian operations as part of its “international growth program.” It has...
SCOR Notes Success of Korean Renewals
Apr 21 2004 // France’s SCOR Group announced the official licensing of its Korean operations this month, and indicated it was very pleased with the rates of renewal of its Korean business. The company noted that “the treaty...
Swiss Re Wins Taiwan License Go-Ahead
Mar 19 2004 // Swiss Re today has been granted permission by the Taiwan Ministry of Finance to begin the licensing process for a branch office in Taiwan. The Swiss Re branch will be located in Taipei and is expected to be fully...
AXIS Names Andreas Thiele Asia Director
Mar 12 2004 // Bermuda-based AXIS Capital Holdings Limited announced that it has appointed Andreas Thiele to the new position of Senior Vice President Director, Asia Pacific Region. The Company said it is “currently reviewing plans...
Tomas Urbanec New Head of ACE International Personal Lines
Feb 12 2004 // Gary Schmalzriedt, Chairman and CEO of ACE Overseas General (AOG), announced that Tomas Urbanec has been named as Executive Vice President, International Personal Lines. AOG is a financial reporting unit of ACE Limited,...
FINEOS Appoints Philip Small Advisory Director for Asia-Pacific Expansion
Dec 9 2003 // Dublin-based FINEOS, a leading provider of banking and insurance software, announced that it has appointed Philip Small as an Advisory Director to assist the company with its market growth within the Asia Pacific...
S&P PUBLISHES ENCOURAGING REPORT ON ASIA-PACIFIC REINSURANCE MARKET
Sep 22 2003 // Standard & Poor’s has published a report on the Asia-Pacific non-life reinsurance market, which indicates that it “is experiencing a period of profitability following a decade of weak results due to under...
