Asia Pacific market News

Liberty Mutual Re Opens Office in Singapore, Appoints Leong from Aspen Re

Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, announced it has opened an office in Singapore and appointed Annie Leong as regional underwriting manager for LM Re in Asia Pacific. “As LM Re continues to build out …

Guy Carpenter Promotes Saper as CEO of Pacific Region

Guy Carpenter & Co., the global reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Jeff Saper as CEO of the Pacific region, with immediate effect. In his new role, Saper will be responsible for overseeing …

AXIS Re Hires Hands from CNA Hardy as Head of Australia

AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd. announced the expansion of AXIS Re Strategic Partners with the hiring of Robert Hands as a strategic account executive and head of Australia. In this role, Hands will be …

Canopius Opens Office in Sydney, Australia

Canopius, the London-based global specialty re/insurer announced it is opening an office in Sydney, Australia, as part of its commitment to expand in the Asia-Pacific region. Subject to regulatory approval, the local entity will be open to underwrite business in …

Lockton Hires Corrigan from JLT as Asia Chief Operations Officer

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 offices of the world’s …

Asia-Pacific SMEs Are Over-Confident About Their Cyber Preparedness: Chubb

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 Chubb survey of 1,000 SMEs across Singapore, Hong …

IGI Taps Garrity from Swiss Re as CEO in Malaysia to Lead Asia-Pacific Growth

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 Lumpur office. In his new role, Garrity will help …

Chubb Names Browne Deputy Regional President, APAC, Division President, SE Asia

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 the six countries of Indonesia, Malaysia, …

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 …