Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Customers of Florida Spa in Kraft Case File Class Action Suit Against Police
Apr 24 2019 // Nearly three dozen men and women have filed a federal class-action lawsuit accusing Florida authorities of unlawfully videotaping them as they received legal massages at a parlor where New England Patriots owner Robert...
Munich Re Syndicate Singapore Partners with Lloyd’s Coverholder Nectar Specialty Risk
Apr 18 2019 // Munich Re Syndicate Singapore (MRSS) has formed a partnership with Nectar Specialty Risk Pte Ltd. (Nectar), a Singapore incorporated limited liability company and Lloyd’s coverholder that provides tailor-made...
Foreign Insurers Eye China’s $1.6 Trillion Private Pension Business
Apr 12 2019 // Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China’s private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas...
BHSI Offers Transactional Liability in Asia/Middle East; Pembroke’s Harwood Leads Team
Apr 8 2019 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has begun offering transactional liability insurance through its Asia and Middle East (AME) regions and appointed Steven Harwood as the head of...
Swiss Re-Backed FWD in Talks for Biggest-Ever Southeast Asian Insurance Deal
Mar 22 2019 // FWD Group, backed by billionaire Richard Li, has revived talks about a potential acquisition of the life insurance operations of Thailand’s Siam Commercial Bank Pcl after a two-year hiatus. Siam Commercial reached a...
SCOR Global P/C Makes Appointments to Reinsurance, Specialty Insurance Teams
Mar 21 2019 // SCOR Global P&C announced the following reinsurance appointments, effective April 1, 2019: Michel Blanc has been promoted to CEO of Reinsurance, following Jean-Paul Conoscente’s appointment as CEO of SCOR Global...
Italy’s Generali to Seek Acquisitions in Europe, Asia and U.S., Says CEO Donnet
Mar 15 2019 // Italy’s top insurer Generali said it was ready to look around for growth opportunities in Europe, Asia and the U.S. on Thursday and said it was well positioned to achieve the targets it set in November for the years...
PartnerRe Restructures P/C Business, Makes Changes to Executive Leadership Team
Mar 13 2019 // PartnerRe announced the company will reorganize its Property & Casualty (P&C) business segment into a regional structure while making several changes to its executive leadership team. Effective April 1, 2019,...
Lockton Hires Corrigan from JLT as Asia Chief Operations Officer
Mar 7 2019 // Lockton has hired Philip Corrigan to the role of regional chief operations officer as it looks to expand its business and expertise across the Asia-Pacific (APAC) region. Corrigan will join a fast-growing team in the APAC...
Hong Kong Insurer FWD Hires Ex-Deutsche Bank Dealmaker as M&A Adviser
Feb 20 2019 // FWD Group, the insurer backed by Hong Kong billionaire Richard Li, has hired former Deutsche Bank AG dealmaker Tan Boon-Kee as senior adviser for mergers and acquisitions. Tan, who will be based in Singapore, started in...
A.M. Best Makes Senior Management Changes, Restructures Organization
Feb 19 2019 // A.M. Best announced that Roger Sellek will step down as CEO of its Europe, Middle East and Africa (EMEA) and Asia Pacific (AP) regions at the end of March. As part of its succession planning process, A.M. Best has also...
Asia-Pacific SMEs Are Over-Confident About Their Cyber Preparedness: Chubb
Feb 15 2019 // A significant perception gap exists between the cyber awareness and cyber preparedness at small and medium enterprises in some Asia-Pacific countries, according to a Chubb survey titled “Too Small to Fail?” The...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
Allianz to Enter Vietnam Insurance Market via Joint Venture with IT Firm FPT Group
Jan 24 2019 // Allianz announces its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group – driving long-term success in the market and expanding...
IGI Taps Garrity from Swiss Re as CEO in Malaysia to Lead Asia-Pacific Growth
Jan 24 2019 // International General Insurance Holdings Ltd. (IGI), the Dubai-based speciality re/insurer, has appointed Nick Garrity as chief executive officer of IGI’s Labuan Branch in Malaysia. Garrity will be based in the Kuala...
Guy Carpenter Forms New Division, Makes Post-JLT Merger Leadership Appointments
Jan 17 2019 // Reinsurance broker Guy Carpenter & Co. announced the formation of a new Global Capital Solutions Group as well as a series of leadership appointments that will become effective upon the closing of the acquisition of...
Singapore’s Grab Makes Foray into Insurance with Chubb as Provider: Opinion
Jan 16 2019 // After sending rival Uber Technologies Inc. packing from Singapore and other Southeast Asian markets, homegrown ride-hailing firm Grab Pte. has set itself a stiffer target. It wants to be a regional super-app. Think of it...
Chubb Names Browne Deputy Regional President, APAC, Division President, SE Asia
Jan 14 2019 // Chubb announced the appointment of Glen Browne as deputy regional president for Asia Pacific and division president, Southeast Asia. In his new role, Browne is responsible for the general management and business results in...
MSIG Hong Kong Appoints Kent as CEO as Reid Retires
Jan 4 2019 // MSIG Hong Kong announced the appointment of Philip Kent to the role of chief executive officer. He succeeds Kenneth J. Reid, who has retired after 26 years with MSIG Hong Kong. Kent most recently served as executive vice...
Cryptocurrency Industry Says Inadequate Insurance Deters Investors
Dec 20 2018 // Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be...
