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 …
“Independent insurance brokers, attending the Brokerslink Asia Pacific regional conference in Thailand,” have been advised to “grasp with both hands the significant opportunities generated by the formation of the Association of Southeast Asian Nations (ASEAN) Economic Community in 2015.” José …
Xchanging plc, the business process, procurement and technology services provider, announced an expansion of its presence in Singapore, with the opening of a second office “in the heart of the city’s thriving insurance hub. Located in Tower 2, Asia Square, …
The Catlin Group Limited announced the formation of the Singapore Branch of Catlin Insurance Company Ltd. of Bermuda. Catlin Insurance Company Ltd. (Singapore Branch) writes specialty lines of direct insurance in Singapore and reinsurance throughout the Asia-Pacific region. The Singapore …
Munich Re, the world’s biggest reinsurer, said China will remain its biggest growth market in Asia as it considers countries such as India too unpredictable to step up investment. “Our biggest customers in China are still growing their business by …
Aon Benfield’s annual Evolving Criteria report, which reviews the latest developments in rating agency protocol and impact for the insurance industry in the Asia Pacific region, concludes: “The Asia Pacific insurance markets have slowly recovered from the significant losses they …
Peak Reinsurance Company Limited formally announced that it has opened for business. The new reinsurer, established to capture the growing demand for modernized reinsurance solutions in Asia Pacific, said it has “successfully obtained the formal authorization by the Office of …
