Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Best Affirms NIPPONKOA Insurance Company (Asia) Limited’s Ratings
Dec 22 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Hong Kong-based NIPPONKOA Insurance Company (Asia) Limited, both with stable...
Swiss Re Sees Continued Emerging Market Growth; Profitability Squeeze
Dec 20 2011 // Insurance in emerging markets has “experienced strong growth over the past decade and the outlook for the next decade remains promising,” a Swiss Re sigma study concludes. However, it also notes that...
Willis Strengthens So. Africa Role with Pickering Appointment
Dec 5 2011 // Willis Group Holdings announced the appointment of Scott Pickering, President, Willis Asia Pacific, Middle East and Africa, as CEO of Willis South Africa in a move it described as a “response to increasing...
Dallamore Joins Howden as Consultant in Asia
Dec 2 2011 // Howden Broking Group, the broking arm of Hyperion Insurance Group, has appointed Brian Dallamore as a non-executive director of the board that oversees Howden’s retail operations in South East Asia. Brian has over 32...
Thai Flood May Hit Asia Harder Than Japan Disaster: Official
Nov 29 2011 // The impact from Thailand floods on Asia’s production networks may last longer and be deeper than that from Japan’s March earthquake, tsunami and nuclear crisis, a senior Asian Development Bank official said on...
JLT Re Names Beatty Managing Director – Asia Pacific
Nov 22 2011 // JLT Reinsurance Brokers Limited (JLT Re) announced the appointment of Stuart Beatty as Managing Director, Asia Pacific (APAC), JLT Re Fac. Alistair Lockhart-Smith, Managing Director, welcomed Beatty to JLT Re as part of...
Allianz Asia CEO Says Thai Floods Could be Costliest Disaster in a Decade
Nov 18 2011 // Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather risks to industries in Asia, a senior official from global insurer Allianz...
Manulife Expands Asian Reach with Cambodia Unit
Nov 16 2011 // Manulife Financial said it has received approval to establish operations in Cambodia, which will expand the Canadian insurer’s reach into an 11th Asian market. Manulife said in a statement it had “approval in...
Spate of Disasters Exposes Supply Chain Weakness
Nov 14 2011 // When flood waters rose in Thailand, Wal-Mart stores in Japan ran out of mouthwash. “We were out of mouthwash in Japan for about four days,” Scott Price, Wal-Mart’s Asia chief executive officer, said at...
Batchelor Appointed Head of Marsh’s International Division
Nov 2 2011 // Marsh, the insurance broker and risk advisor and a wholly-owned subsidiary of Marsh & McLennan Companies, announced the appointment of David Batchelor as Head of its International Division, effective immediately. The...
Survey Finds Africa, Asia Cities Most at Risk from Global Climate Change
Oct 26 2011 // Countries and megacities in Africa and Asia are among the most vulnerable to the impacts of climate change over the coming years, a global survey shows, underscoring the risks from floods, rising sea levels, droughts and...
Ex-AIG Unit AIA Group’s Growth Jumps in Q3 as Insurance Demand Rises
Oct 14 2011 // AIA Group Ltd, Asia’s No.3 insurer, said growth accelerated in the third quarter, with its value of new business rising 53 percent as strong performance in markets such as Malaysia helped boost earnings. The...
Aon Benfield Reports Asia Monsoon Economic Losses near $7 Billion
Oct 7 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during...
Willis Chief Tells Asian CEO’s Insurance ‘Not Just About Coverage’
Sep 22 2011 // Joe Plumeri, the Chairman and CEO of Willis Group Holdings, told more than 100 leading Asian CEOs’ that ‘insurance is not just about coverage and claims, but is about security and survival’ at the KPMG...
Whittington Sells UK Business to Finance Asia Expansion
Sep 20 2011 // Whittington Group, the Singapore-based international insurance investor, announced it has reached a definitive agreement to sell its London businesses to a consortium, comprising Tawa Plc, Skuld, and Paraline Group, Ltd.,...
Report Says Asia to Add 1.66 Million Millionaires by 2015
Aug 31 2011 // Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world’s fastest-growing major economies of China and India continue to mint millionaires, a report...
Giggins Joins Miller’s Hong Kong Office for Asian Financial Risks
Aug 22 2011 // UK-based broker Miller Insurance Services announced that Martin Giggins has joined the firm’s Hong Kong office to spearhead the development of its financial services business in the Asia region. Giggins specializes...
Insurance Australia Group to Acquire Stake in China’s Bohai Insurance
Aug 16 2011 // Insurance Australia Group Limited (IAG) announced it has agreed to acquire a 20 percent strategic interest in China’s Bohai Property Insurance Pty Ltd., a general insurer IAG said it would pay RMB687.5 million...
U.S. Experts Blame a Government for Cyber Attacks; Is It China?
Aug 3 2011 // Security experts have discovered the biggest series of cyber attacks to date, involving the infiltration of the networks of 72 organizations including the United Nations, governments and companies around the...
Insurers Interested in ING European, Asian Units
Aug 2 2011 // ING could get a far bigger pay-out if it ditched a plan to spin-off its Asian and European insurance units as a single stock market-listed business and instead chose buyers from a long list of interested parties. A trade...
