Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said. …
Munich Re Syndicate Singapore (MRSS) has formed a partnership with Nectar Specialty Risk Pte Ltd. (Nectar), a Singapore incorporated limited liability company and Lloyd’s coverholder that provides tailor-made re/insurance solutions. Nectar’s professional line products are offered under the trading name …
Singapore lender United Overseas Bank Ltd. is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast Asia witnessed a wave of lucrative distribution deals, people familiar with the matter said. UOB has been soliciting ideas from …
Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. IAG, Australia’s biggest …
After gaining success in ride-hailing, Grab co-founder Anthony Tan is pushing his startup into a new challenge: catering to those under-served by traditional financial institutions in Southeast Asia. Tan, together with GrabPay Southeast Asia Managing Director Jason Thompson, laid out …
Grab, the Southeast Asia on-demand transportation and fintech platform, announced a partnership with Chubb to offer insurance solutions for Grab’s drivers. Using the Grab app, drivers will be able to select different insurance options to protect their vehicles, their livelihoods …
AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) announced that Scott Spaven, who is currently head of Client & Broker Engagement for Singapore and Southeast Asia, is taking on the additional role of head of Liabilities and Financial Lines for …
RMS, the Newark, Calif.-based risk modeling and analytics firm, has introduced typhoon models for wind and flood for South Korea and Taiwan, plus four new earthquake models for Singapore, Malaysia, Thailand and Vietnam. This launch augments the company’s existing suite …
RFIB Group Ltd., the London-based Lloyd’s insurance and reinsurance broker, announced the appointments of Paul Leith-Smith, Giles Penfold and Will Hawkins who will form a new Southeast Asia marine cargo team. The team joins from the broker, Ed, and will …
