Asia Pacific market News

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 …

Guy Carpenter Launches Asia Pacific Capital Advisory Group

Guy Carpenter & Co., reinsurance specialist and a unit of Marsh McLennan, announced the launch of its Capital Advisory Group in Asia Pacific, with the appointments of Michael Owen and Hussain Ahmad to lead this new operation. The capital pressures …

Aon Launches Asia Pacific Capital Advisory Unit to Assist Re/insurer Clients

Insurance broker Aon plc has launched an Asia Pacific Capital Advisory unit within Reinsurance Solutions to deliver a holistic approach to capital optimization for re/insurers. The initiative follows Aon’s launch of similar Capital Advisory units in the UK and U.S., …

Brokerslink Expands Global Network with Affiliates in Central America, APAC and Africa

Global broking business, Brokerslink, has continued the expansion of its global network with three new affiliates from Africa, Central America and Asia-Pacific further demonstrating its multinational capabilities and commitment to supporting the growth and development of independent broking. The new …

Marsh Promotes Leney to Risk Management Leader for Asia and Pacific Regions

Marsh, the insurance broker and risk adviser, announced the appointment of Scott Leney as risk management leader for both its Asia and Pacific regions. In his new role, Leney will oversee Marsh’s regional risk management teams as they build on …

Swiss Re Corporate Solutions Names Hunziker as APAC Head Property & Specialty

Swiss Re Corporate Solutions has appointed Robert Hunziker as Asia Pacific Head Property & Specialty, effective Sept. 1, 2020. In this role, Hunziker will be responsible for providing underwriting leadership, portfolio steering and growing the Property & Specialty product offering …