Asia Pacific region News

Chubb Appoints Wong as Country President for Hong Kong, Taiwan & Macau

Chubb has appointed Stanley Wong as country president for Hong Kong, Taiwan & Macau, effective Oct. 1, 2018. He replaces Doug White, who was appointed to the role of head of the Major Accounts Division for Chubb in Asia Pacific. …

Chubb Launches Major Accounts Division in Asia-Pacific Region, Headed by White

Chubb announced the establishment of a Major Accounts Division in the Asia Pacific region, a dedicated premium service that encompasses underwriting, risk engineering and claims for the region’s large, global and multi-national clients and business partners. The new Major Accounts …

FM Global Names Tranquillo as SVP EMEA/APAC, Johnson as VP Asia Region

FM Global, the Johnston, R.I.-based commercial property insurer, has made key changes to its management team, moving Stefano Tranquillo and David M. Johnson into new roles in EMEA/Asia Pacific and the Asia region. Stefano Tranquillo has been appointed senior vice …

StarStone, Subsidiary of Enstar, Creates Australian Underwriting Hub

StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced the creation of an underwriting capability in Australia. The new hub will operate alongside Enstar’s existing Australian operation, subject to regulatory approval. StarStone Australia will be led by …

Ironshore International Opens Office in Shanghai; Part of Lloyd’s China Platform

Ironshore International announced its subsidiary, Pembroke Managing Agency, will establish an office in Shanghai in January 2016 as part of the Lloyd’s China platform. Pembroke Managing Agency will underwrite specialty lines of business, initially focusing on the agriculture, marine and …

Guy Carpenter Predicts El Niño Event Will Bring Fewer Tropical Cyclone Landfalls

El Niño years bring disruptive weather, such as floods and drought, but have an added benefit of leading to fewer than average tropical cyclone landfalls, according to predictions issued by the Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC). As a …

Flitcroft Named Managing Director of Gen Re Australia, Regional Treaty Manager

Gen Re announced that Andrew Flitcroft will assume the role of managing director of General Reinsurance Australia and regional treaty manager for the Asia Pacific region, effective July 31. He will take over for Pietro Toffanello who has taken on …

Strong El Nino Seen Unlikely by Australia as Pacific Cools

The odds of a strong El Nino, which brings drought to the Asia-Pacific region and heavy rains to South America, are increasingly unlikely after the tropical Pacific Ocean cooled, according to Australia’s weather bureau. A general lack of atmospheric response …

Dryad Maritime Reports ‘Increasing Threat’ of Piracy in Southeast Asia

Marine intelligence specialist Dryad Maritime has issued a warning of an increasing threat from Southeast Asia piracy following the release of their second quarter figures, which show that the area continues to experience the highest number of maritime crime incidents …

Australia Issues Further El Nino Alert as Event Seen Developing

Australia issued an El Nino alert on expectations the weather-altering pattern will probably develop as early as July, potentially bringing drought across the Asia- Pacific region and heavier-than-usual rains to South America. The tropical Pacific Ocean has warmed steadily in …