Asia Pacific market News

People Moves: Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Mgmt. Liability; Gallagher Re Names 6 Senior Execs for APAC Region

This edition of International People Moves details appointments at Beazley and Gallagher Re. A summary of these new hires follows here. Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Management Liability Beazley announced that Catherina MacCabe, focus group …

Chubb Buys Renewal Rights of DUAL Asia’s Financial Lines Portfolio

Chubb announced the completion of the agreement for the transfer of renewal rights of DUAL Asia’s financial lines portfolios in Hong Kong and Singapore. Chubb will be purchasing the business assets including the intellectual property and underwriting models from DUAL …

People Moves: Latitude Brokers Names Cannock Managing Director, Singapore; Howden M&A Bolsters Asia Pacific Team; Markel Int’l Bolsters Media/Entertainment Team

This edition of International People Moves details appointments at Latitude Brokers, Howden M&A in Asia Pacific, and Markel International. A summary of these new hires follows here. Latitude Brokers Names Cannock Managing Director, Singapore Latitude Brokers, recently acquired by Filhet-Allard …

HDI Global Restructures Asia-Pacific Operations, Simplifying Reporting Structures

Industrial insurer HDI Global SE has restructured its Asia Pacific operations in a move designed to simplify reporting structures in the region and strengthen its offering for customers and business partners. The reform of reporting lines brings HDI Global’s operations …

Lloyd’s Asia Launches Renewable Energy Consortium

Lloyd’s has launched a new renewable energy consortium, to respond to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy solutions. Developed by the Lloyd’s Asia platform, the consortium pools underwriting expertise and …

Filhet-Allard Maritime Buys Majority Stake in Marine Specialist Latitude Brokers

Filhet-Allard Maritime, the France-based insurance broker for the commodities trading, shipping and industrial markets, has acquired a controlling stake in Latitude Brokers, a specialist marine broker based in Asia with headquarters in Hong Kong. The acquisition has received regulatory approval …

Chubb to Buy Some of Cigna’s Asia-Pacific Businesses for $5.8 Billion

U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp’s life, accident, and supplemental benefits businesses in Asia Pacific and Turkey for $5.75 billion in cash, both insurers said, marking the latest consolidation in Asia’s insurance sector. In …

Aon Combines Facultative Reinsurance Broking Teams in APAC, Led by Lambrou

Aon plc announced that the facultative reinsurance broking team within Aon’s Singapore Broking Centre and Reinsurance Solutions’ APAC facultative team have combined to create a united facultative reinsurance broking team to serve Aon’s clients in the Asia Pacific region. The …

People Moves: Africa Specialty Risks Names Bheenick as Mauritius Managing Director; WTW’s Whyte Joins Miller for APAC Expansion

Africa Specialty Risks Names Bheenick Managing Director in Mauritius Africa Specialty Risks (ASR), the pan-African focused reinsurance group, has appointed Krishna Bheenick as its managing director in Mauritius. The company said it is also launching a recruitment drive to attract …

People Moves: Carpenter Names Willis Re’s Harden President of APAC; HUB Appoints Stait to Lead Canada Cannabis Specialty; Riega Is Fidelis’ Head of Sustainability

This edition of International People Moves details appointments at Guy Carpenter, HUB International and Fidelis Insurance. A summary of these new hires follows here. Guy Carpenter Names Willis Re’s Harden as President of Asia Pacific Guy Carpenter & Co., the …