Asian market News

Markel Appoints Beazley’s Lam as Professional & Financial Risks Underwriter

Markel International, the London-based specialist insurer, has appointed Gordon Lam as a senior professional and financial risks (PFR) underwriter. He will be based in Singapore initially and is expected to relocate to the Hong Kong office in due course. He …

HWI International Launches MGA with Asian Focus: NuVu Underwriting Hong Kong

HWI International Group, the privately owned insurance business, has announced the launch of NuVu Underwriting Hong Kong Ltd., a new managing general agent (MGA) in Hong Kong, headed up by industry veteran Jeremy Austen. Subject to regulatory approval, NuVu Underwriting …

BHSI Introduces Private Company & Nonprofit Organization Portfolio Cover in Asia

Berkshire Hathaway Specialty Insurance Co. (BHSI) has introduced Executive First Private Company Portfolio and Executive First Nonprofit Organization Portfolio policies in Asia. “Our Private Company and Nonprofit Organization Portfolio forms provide far-reaching, contemporary coverage backed by BHSI’s financial strength,” said …

Tokio Marine Kiln Promotes Dugand to Regional Managing Director, Asia

Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, announced the promotion of Alex Dugand to regional managing director, Asia. Dugand takes up the role with immediate effect and will report to James Dover, group chief financial officer. …

AXA Investment Managers Bullish About Europe as Asian Investors’ Interest Grows

Andrea Rossi doesn’t buy into the story that Europe is a dead end for growth. In fact, he sees luring Asian investors to his continent as one of the key ways AXA Investment Managers will expand in years to come. …

Allianz’ Property Unit Plans to Double Asian Investments in Next 3 Years

Allianz SE’s property unit plans to double investments in Asia over three years as the German firm is drawing in more money from its insurance operations in the region. Property investments may swell to 3.75 billion euros ($4.5 billion) by …

BHSI Launches Financial Institution Professional Indemnity Insurance in Asia

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced Financial Institution Professional Indemnity (FIPI) insurance in Asia. “Financial institutions are seeing an increase in both the frequency and severity of professional indemnity claims,” said Scotland Walsh-Riddle, head of Executive …

Willis Towers Watson Taps Yeung from AIG as Head of P/C, North Asia

Willis Towers Watson announced the appointment of Evariste Yeung as head of Property and Casualty, North Asia. Yeung’s appointment took effect on Sept. 25, 2017. He is based in Shanghai and reports to Richard Collis, managing director for Willis Towers …

Lloyd’s Re/Insurance Broker RFIB Launches Singapore Operation

RFIB Group Ltd., the Lloyd’s insurance and reinsurance broker, announced the launch of RFIB (Singapore) Pte Ltd. The new operation will serve as a hub for the continued development of RFIB’s presence across Asia, said London-based RFIB. “Asia represents a …

Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030

As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From Afghanistan in the west to Bangladesh in the east, floods could cost South Asia — home to a …