Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Guy Carpenter Names Samengo-Turner as Global Facultative Leader
Oct 18 2019 // Guy Carpenter & Co., a reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Dominic Samengo-Turner as global facultative leader. At the same time, insurance broker Marsh has...
Judge Rules Harvard’s ‘Fine Admissions Policy’ Passes Constitutional Test
Oct 2 2019 // Harvard University’s undergraduate admissions program does not discriminate against Asian-American applicants, a federal judge ruled on Tuesday, rejecting a lawsuit brought by opponents of affirmative action and...
Allianz, MS&AD, Other Suitors in Race to Buy Aviva’s Asia Units for Up to $2.5B: Sources
Sep 24 2019 // German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion, sources...
ArgoGlobal Syndicate 1200 to Exit Asia and Global Hull Underwriting
Sep 4 2019 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced plans to exit Syndicate 1200’s underwriting operations in Asia and most of its hull underwriting business within the syndicate. All existing...
With Economy Slowing, Tariffs Hitting, China’s Rust Belt Looks to Belt and Road Initiative
Aug 22 2019 // From Thailand to Kenya, trains run on tracks from steel mills in China’s northeast, a rust-belt region that is trying to capitalize on a multibillion-dollar national initiative to build ports, railways and other...
Tokio Marine Joins Singapore Insurtech Program
Aug 19 2019 // Japanese property/casualty insurer Tokio Marine Holdings announced a partnership with Plug and Play’s Insurtech program in Singapore. With this new partnership in Singapore, Tokio Marine will now have access to Plug...
Prudential to Complete Split of Insurance, Asset Fund by Year’s End
Aug 14 2019 // Britain’s biggest insurer Prudential will complete a planned break-up of the company by the end of the year, with its UK-focused fund and insurance business set to list as M&G Plc. The Asia and U.S.-focused rump...
BHSI Enhances Executive First D&O Liability Insurance in Asia
Aug 13 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has enhanced its Asia Executive FirstDirectors & Officers (D&O) Liability Insurance to include a provision that reinstates policy limits exhausted by...
Hurricane Barry Cost Economy $600M, Insurers $300M: Aon Catastrophe Report
Aug 9 2019 // Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300 million, said Aon in its latest edition of its monthly Global Catastrophe Recap...
UK’s Aviva Reports 1% Rise in 1st Half Operating Profit, Reviews Asia Business
Aug 8 2019 // Britain’s second largest insurer Aviva reported a forecast-beating 1% rise in first-half operating profit on Thursday, helped by a strong performance in its general business and announced a review of its Asian...
Aviva Weighs Options for Asian Business Including Possible Sale
Aug 2 2019 // Aviva Plc is considering options for its Asian business including a possible divestment of the unit as its new chief executive officer seeks to overhaul the British insurer, people familiar with the matter said. The Asian...
Chubb Promotes Ortega to President, Overseas, as Andrade Moves to Top Everest Role
Aug 1 2019 // Chubb Ltd. has appointed Juan Luis Ortega as executive vice president, Chubb Group, and president, Overseas General Insurance. He succeeds Juan Andrade, who is leaving Chubb to take the role of president and chief...
Swiss Re-Backed Insurer FWD Eyes China Expansion Ahead of Potential IPO
Jul 31 2019 // Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the...
Chubb Names Kopp Head of A&H for APAC, Nisbet Appointed Thailand Country President
Jul 30 2019 // Chubb announced two leadership appointments for the company’s Asia Pacific business, which are effective from Oct. 1, 2019. Edward Kopp, currently country president of Chubb’s general insurance business in...
Brokerslink Bolsters Presence in Asia with Addition of 3 New Affiliates
Jul 8 2019 // Global broking business Brokerslink has bolstered its presence in Asia with the addition of three new affiliates in the region. South Korean LK Insurance Services, Malaysia-based State Insurance Services and John Foord in...
Asia Market Drives Global Insurance Premiums Past $5 Trillion in 2018: Swiss Re
Jul 8 2019 // Carriers’ expansion in Asia helped push global insurance premiums past the $5 trillion mark for the first time in 2018, Swiss Re said in its latest sigma report. That growth came generally from property/casualty...
Higginbotham Named Swiss Re’s CEO Reinsurance Asia, Replacing Plunkett
Jun 27 2019 // Swiss Re announced that Russell Higginbotham has been appointed CEO Reinsurance Asia and regional president, effective July 8, 2019, and subject to necessary regulatory approvals. He is succeeding Jayne Plunkett, who has...
Tokio Marine Looking for Insurance Acquisitions in Asia, Other Markets
Jun 25 2019 // Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan’s largest...
AXIS Re Hires Hands from CNA Hardy as Head of Australia
Jun 24 2019 // AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd. announced the expansion of AXIS Re Strategic Partners with the hiring of Robert Hands as a strategic account executive and head of Australia. In this...
Oil Shippers Continue Sailing Through Strait of Hormuz – with Heightened Security
Jun 21 2019 // A series of attacks on oil tankers near the Persian Gulf has ratcheted up tensions between the U.S. and Iran – and raised fears over the safety of one of Asia’s most vital energy trade routes, where about a fifth...
