Singapore News

Singapore Tightens Rules for Sharing Economy that Could Disrupt Asia Ambitions

Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. The rules, some say, …

Talbot Launches Enhanced Terror Facilities for Singapore, LatAm, Dubai

Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of three enhanced Lloyd’s-led terror facilities in the Singapore, Latin American and Dubai markets. In response to the increasing demand for this distinctive coverage, these facilities …

2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2

Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde & Co. Clyde & Co.’s insurance team …

Lloyd’s Names Swiss Re’s Kelly as Singapore Country Manager

Lloyd’s has appointed Angela Kelly as Lloyd’s country manager, Singapore, and CEO of Lloyd’s of London (Asia) Pte. Ltd. Kelly joins Lloyd’s from Swiss Re where she was chief executive officer of Swiss Re International SE Singapore Branch and head …

Hiscox Sells Hong Kong Division of DirectAsia to Well Link Group Holdings

Hiscox, the specialist insurance group, has completed the sale of the Hong Kong division of its DirectAsia business to Well Link Group Holdings Ltd., having received regulatory approval from the Office of the Commissioner of Insurance (OCI) in Hong Kong. …

First Driverless ‘Robo-Taxi’ Hits Singapore’s Streets in Limited Public Trial

The first driverless taxi began work on Thursday in a limited public trial on the streets of Singapore. Developer nuTonomy invited a select group of people to download their app and ride for free in its “robo-taxi” in a western …

Marine Specialist Latitude Brokers Launches Singapore Office

Latitude Brokers, the Hong Kong-based marine insurance specialist, has opened an office in Singapore, their second in Asia. With the continued growth of the marine markets in Singapore as well as the Lloyd’s platform, the Singapore office is an essential …

XL Catlin Appoints Guest as Country Manager Singapore – Insurance

XL Catlin’s insurance segment has appointed David Guest as country manager for Singapore. In this role, he is responsible for the development and growth of XL Catlin’s insurance business in Singapore, in addition to his current role as regional leader …

OdysseyRe’s Newline Group Announces 2 Executive Appointments in Asia

Newline Group, part of Odyssey Re Holdings Corp., announced appointments to its leadership team based in Singapore. Rachel Flynn has been named the principal officer for Newline Asia and Susan Chew has been appointed chief underwriting officer. Flynn joined Newline …

Hiscox to Sell Hong Kong Division of DirectAsia Business to Well Link Group

Hiscox, the specialist insurance group, announced it has reached an agreement to sell the Hong Kong division of its DirectAsia business to Well Link Group Holdings Ltd., a member of a Hong Kong-based financial conglomerate. The transaction, which will allow …