Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Cryptocurrency Industry Struggles to Buy Insurance, Hindering Growth Goals
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...
Marsh Makes Post-JLT Merger Leadership Appointments
Dec 19 2018 // Global insurance broker Marsh announced the appointments of key leaders for its regional, specialty and placement teams worldwide that will be effective upon closing of the pending acquisition by Marsh’s parent...
Harris to Head Argo International Operations; Hernandez Takes on Strategic Initiatives Role
Dec 18 2018 // Global specialty insurer and reinsurer Argo Group International Holdings, has appointed Matt Harris to be group head of the company’s international insurance operations, including the United Kingdom, Europe, Asia,...
Peak Re Launches Asian Reinsurance Sidecar Deal Using Bermuda Special Purpose Insurer
Dec 10 2018 // Peak Reinsurance Co., the Hong Kong-based reinsurer, announced it has launched Asia’s first sidecar transaction via a new Bermuda-domiciled special purpose insurer, Lion Rock Re Ltd., to provide collateralized...
AIG Appoints MetLife’s Shah as Asia Pacific CEO
Dec 5 2018 // American International Group, Inc. (AIG) has appointed Sachin N Shah as chief executive officer of Asia Pacific, AIG General Insurance. Shah has been chairman, president and CEO of MetLife Japan since 2013 and prior to...
Hong Kong M&As Slump in 2018 with Insurance Sector Deals Hardest Hit
Nov 28 2018 // Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt...
Update: AXA Expects Profits to Be Boosted by Its $15 Billion XL Deal
Nov 28 2018 // AXA, Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in Asia. The French...
Aon Taps Jones from Guy Carpenter as Exec. Chairman, Asia Reinsurance Solutions
Nov 21 2018 // Aon plc has appointed Richard Jones as executive chairman of its Reinsurance Solutions business in Asia. Jones will be responsible for business development and supporting clients across the Asia region. Based in Singapore,...
Standard Club Asia, Ping An to Jointly Offer P&I Cover for China’s Shipowners
Nov 9 2018 // The Standard Club Asia Ltd., managed by Charles Taylor Mutual Management (Asia) Pte Ltd., entered into a cooperation agreement with Ping An Property & Casualty Insurance Co. of China Ltd. Under the terms of the...
QBE Restructures Operations, Creating 3 Global Units; Executive Team Named
Nov 1 2018 // QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business. Following the underwriting remediation in Asia, which is now largely...
RMS Lists Top 10 ‘1-in-100-Year’ Events for Asia Pacific Region
Oct 30 2018 // The Asia Pacific region remains highly vulnerable to major catastrophes, RMS said, announcing a list of 10 “1-in-100-year” events possible in the vast area that includes the Pacific Ring of Fire and the largest...
Tokio Marine Kiln Closes Hong Kong Office
Oct 24 2018 // Tokio Marine Kiln (TMK) announced a reorganization of its Asian operations based primarily in Singapore with supporting offices in Hong Kong and Shanghai. TMK will be closing its Hong Kong office with immediate effect and...
Singapore Lender UOB Reviews Non-Life, Life Bancassurance Businesses: Sources
Oct 11 2018 // Singapore lender United Overseas Bank Ltd. is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast Asia witnessed a wave of lucrative distribution deals, people familiar...
AXA Becomes Global Insurance Partner of UK’s Liverpool Football Club
Oct 5 2018 // AXA becomes the “official global insurance partner” for Liverpool Football Club, which is part of the English Premier League. In addition to providing excellent global brand visibility and raising AXA’s...
Admissions Bias Claim Against Harvard Must Go to Bench Trial
Oct 1 2018 // Harvard, the nation’s oldest university, must go to trial to defend a lawsuit claiming it discriminates against Asian-American applicants. A Boston federal judge’s rejection Friday of requests by both sides for...
Toyota Eyes Future When People Don’t Buy Cars, Pushing Ride-Hailing Ties, Insurance
Sep 27 2018 // Toyota Motor Corp., Asia’s biggest carmaker, is preparing for a potential future where people don’t buy cars. That’s behind the hefty investments that the company has made in ride-hailing providers, most...
Singapore’s Changi Airport Tests Terminal Run by Robots, Not Humans
Sep 25 2018 // Imagine landing at a major airport and the only human official you meet on your way through the terminal is a customs officer. Singapore’s Changi Airport, voted the world’s best for the past six years by...
Nexus Buys Malaysia-Based Structured Solutions Specialist Huntington Underwriting
Sep 6 2018 // Independent specialty managing general agent Nexus Group has acquired Huntington Underwriting Ltd. (HUL), a structured solutions underwriting manager operating out of Labuan International Business and Financial Centre,...
Justice Department Supports Case Alleging Harvard Bias in Admissions
Aug 31 2018 // The U.S. Justice Department on Thursday backed a lawsuit accusing Harvard University of discriminating against Asian-American applicants, throwing its support behind a case that could impact the use of race-based college...
Hong Kong’s FWD to Buy HSBC’s Stake in Malaysia Insurance Joint Venture: Sources
Aug 28 2018 // Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings Plc’s stake in a Malaysian insurance joint venture as part of a plan to expand its presence in Asia, three people familiar with the matter said. FWD,...
