Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Beazley Launches Suite of Life Sciences’ Insurance in Asia Pacific
Aug 4 2021 // Specialist insurer Beazley has launched a suite of covers to protect organizations within Asia Pacific’s rapidly expanding life sciences sector. In an environment in which risk exposures are complex and varied –...
Busier-Than-Normal Cyclone Season Predicted for East Asian Nations
Jun 7 2021 // SINGAPORE – Half of the roughly 20 tropical cyclones expected to form in the western Pacific Ocean through September this year are predicted to hit land in east Asian nations, forecasters said on Friday, making for a...
People Moves: Howden’s Rahmita Price to Ed Asia; 3 Price Forbes Hires; WTW’s Pires to NFP; Tres to Carpenter; PwC’s Eastman to Specialist Risk Group
May 19 2021 // This wrap-up of international People Moves details recent appointments at Ed Broking, Price Forbes, NFP, Guy Carpenter & Co., and Specialist Risk Group (SRG). A summary of these new hires follows here. Elia Rahmita...
Ransomware Attacks Hit AXA’s Asia Units, New Zealand Health Provider
May 19 2021 // BANGKOK (AP) – The Thai affiliate of Paris-based insurance company AXA said Tuesday it is investigating a ransomware attack by Russian-speaking cyber criminals that has affected operations in Thailand, Malaysia, Hong...
Howden’s Data, Digital and Analytics’ Division, HX, Launches in Asia
May 18 2021 // HX, the data, digital and analytics division of Howden Group Holdings, announced it has established HX Asia, which enables it to deploy its data, analytics and technology capabilities directly to clients and carriers in...
Guy Carpenter Launches Asia Pacific Capital Advisory Group
Mar 30 2021 // Guy Carpenter & Co., reinsurance specialist and a unit of Marsh McLennan, announced the launch of its Capital Advisory Group in Asia Pacific, with the appointments of Michael Owen and Hussain Ahmad to lead this new...
AIA Group to Buy Life Insurance Business of Bank of East Asia
Mar 24 2021 // Hong Kong-based insurer AIA Group has entered into an agreement to buy the wholly-owned life insurance unit of Bank of East Asia (BEA) and has signed a 15-year distribution partnership with the lender for a total of about...
Brokerslink Expands Global Network with Brokers in Europe, Asia-Pacific and Africa
Jan 14 2021 // Global broking business, Brokerslink, starts 2021 with the continued the expansion of its global network and the addition of independent broker JDB in North Macedonia. Trading since 2009, JDB is a growing broker with a...
UK-Based BMS Group Launches Asia Broking Operations with M&A Insurance Focus
Jan 5 2021 // BMS Group Ltd., the London-based independent specialist insurance and reinsurance broker, announced the launch of its Asia broking operations, headquartered in Singapore and with proposed operations in Hong Kong, pending...
Aon Launches Asia Pacific Capital Advisory Unit to Assist Re/insurer Clients
Nov 18 2020 // Insurance broker Aon plc has launched an Asia Pacific Capital Advisory unit within Reinsurance Solutions to deliver a holistic approach to capital optimization for re/insurers. The initiative follows Aon’s launch of...
World’s Strongest Storm in 2020 Kills at Least 16 in Philippines
Nov 2 2020 // The world’s strongest storm this year killed at least 16 people in the Philippines, and sent tens of thousands more to evacuation centers, risking coronavirus infection. Nearly 458,000 people were evacuated mostly in...
Sompo International Names New York’s Gundersen Head of Asian Risk Solutions
Oct 29 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Sara Gundersen as executive vice president and Asian Risk Solutions segment leader...
U.S. Sues Yale University Claiming Illegal Favoritism for Blacks, Hispanics in Admissions
Oct 9 2020 // Yale University was sued by the U.S. Department of Justice, which claims the Ivy League school illegally discriminates against White and Asian-American applicants in undergraduate admissions by favoring Black and Hispanic...
Reinsurance Experience in Africa, Asia Sets MGA Tempo Underwriting Apart
Sep 29 2020 // Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model. “For a reinsurance MGA to be successful and to have a strong offering,...
New York Again Ranks as Top Global Financial Hub But London Gains in Volatile Index
Sep 25 2020 // New York again heads the rankings of the world’s leading global financial centres. The Global Financial Centres Index 28, launched by London think tank Z/Yen Group in partnership with the China Development Institute...
Sompo’s Davis Named President of Canopius USA as It Eyes Expansion
Sep 17 2020 // Specialty insurer Canopius Group has appointed Lisa Davis to the new position of president and chief underwriting officer of Canopius USA, effective October 1. Davis joins Canopius from Sompo America Insurance Services,...
Appeals Court Weighs Harvard University Use of Race as Factor in Admissions
Sep 16 2020 // A federal appeals court on Wednesday will consider whether Harvard University discriminates against Asian-American applicants in a closely-watched case that could impact whether U.S. colleges can use race as a factor in...
Belgian Insurer Ageas Could Be Next Private Equity ‘Unloved’ Target: Opinion
Sep 8 2020 // The unloved insurance sector is proving a rich territory for acquirers. Apollo Global Management Inc., Blackstone Group Inc., Carlyle Group, KKR & Co. — the big guns of private equity have been conspicuously active...
Changes at Zurich: New Digital Team; New CEOs for Asia Pacific, North America, Latin America
Sep 4 2020 // Zurich Insurance Group is launching a new unit to expand digital services platform worldwide. The company has also appointed several new chief executive officers for key regions. The new Global Business Platforms unit will...
Bailey Named CEO of Zurich UK, Succeeding Naidu Who Becomes CEO of Asia-Pacific
Sep 3 2020 // Zurich UK announced that Tim Bailey, who is currently group chief operating officer for EMEA, will take on the role of UK CEO subject to board and regulatory approvals. He will succeed the current UK CEO Tulsi Naidu who...
