Asia Pacific market News

RMS Lists Top 10 ‘1-in-100-Year’ Events for Asia Pacific Region

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 concentration of tropical cyclones. Without providing …

RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software

RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software. The Asia Pacific model suit is being expanded to include new peril models for India …

Chubb Appoints Lee as Head of Bancassurance for Asia Pacific

Chubb announced the appointment of Jin Lee as the head of Bancassurance for Asia Pacific. In her new role, Lee’s primary responsibility will be to oversee the DBS Bank-Chubb partnership which spans across Singapore, Hong Kong, Taiwan, Indonesia and China. …

Beazley Appoints Mounier to Head Asia Pacific Operations

Specialist insurer Beazley has appointed Lucien Mounier to head its Asia Pacific operations. He moves from Paris where, for the past two years, he has been responsible for managing and growing Beazley’s portfolio of cyber and technology business in France, …

Chubb Launches Agency Management & Agency Underwriting Unit in Singapore

Chubb announced the launch of a new Agency Management and Underwriting unit in Singapore. This dedicated unit will manage the strategic growth of the agency distribution channel as well as its specific underwriting and service needs. Two new appointments have …

Artex Risk Solutions Launches Singapore Office, Led by Pannuzzo from Aon

Bermuda-based Artex announced the creation of Artex Risk Solutions (Singapore) Pte Ltd., its first office in the region, which will oversee the growth and development of Artex’s Asia Pacific captive and risk solutions strategy. Vic Pannuzzo has been hired as …

Allianz’ Property Unit Plans to Double Asian Investments in Next 3 Years

Allianz SE’s property unit plans to double investments in Asia over three years as the German firm is drawing in more money from its insurance operations in the region. Property investments may swell to 3.75 billion euros ($4.5 billion) by …

Chubb Names French & Hill to Asia-Pacific Leadership Positions

Chubb announced two leadership appointments in the company’s Asia Pacific business. John French, currently country president for Australia and New Zealand, has been appointed to the position of senior vice president, head of Broker Distribution for Asia Pacific. At the …

Willis Towers Watson Taps Yeung from AIG as Head of P/C, North Asia

Willis Towers Watson announced the appointment of Evariste Yeung as head of Property and Casualty, North Asia. Yeung’s appointment took effect on Sept. 25, 2017. He is based in Shanghai and reports to Richard Collis, managing director for Willis Towers …

XL Catlin Taps Allianz’ Broodryk as Cyber Product Leader, APAC Financial Lines

XL Catlin’s insurance operations announced the appointment of Max Broodryk as product leader of Cyber Risk, International Financial Lines for Asia Pacific, based in Sydney. In this role, Broodryk will be responsible for underwriting management and development of the Cyber …