Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Cigna Reports System Error Exposed Customer Data in Asia
Jun 4 2018 // Cigna Corp. exposed private information including bank-account details of some customers in Asia due to a system error, the health insurer said. The company told Bloomberg it accidentally sent the information to some...
AXIS Re Reports Organizational Changes, Market Expansion Plans
May 31 2018 // AXIS Re, the reinsurance segment of AXIS Capital Holdings Limited, has announced organizational changes to improve client service and plans to expand product and market capabilities. AXIS Re will now organize around four...
Markel International Names Davies Trade Credit Underwriter in Singapore
Apr 25 2018 // Specialty insurer Markel International has appointed Nicholas Davies as trade credit underwriter and senior risk analyst in Singapore. Davies will focus on developing Markel’s portfolio across the region, in addition...
Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources
Apr 20 2018 // 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,...
Chubb Appoints Lee as Head of Bancassurance for Asia Pacific
Apr 16 2018 // Chubb announced the appointment of Jin Lee as the head of Bancassurance for Asia Pacific. In her new role, Lee’s primary responsibility will be to oversee the DBS Bank-Chubb partnership which spans across Singapore,...
HWI International Launches MGA with Asian Focus: NuVu Underwriting Hong Kong
Apr 16 2018 // HWI International Group, the privately owned insurance business, has announced the launch of NuVu Underwriting Hong Kong Ltd., a new managing general agent (MGA) in Hong Kong, headed up by industry veteran Jeremy...
Beazley Appoints Mounier to Head Asia Pacific Operations
Apr 13 2018 // Specialist insurer Beazley has appointed Lucien Mounier to head its Asia Pacific operations. He moves from Paris where, for the past two years, he has been responsible for managing and growing Beazley’s portfolio of...
BHSI Introduces Private Company & Nonprofit Organization Portfolio Cover in Asia
Apr 9 2018 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has introduced Executive First Private Company Portfolio and Executive First Nonprofit Organization Portfolio policies in Asia. “Our Private Company and Nonprofit...
Tokio Marine Kiln Promotes Dugand to Regional Managing Director, Asia
Apr 5 2018 // Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, announced the promotion of Alex Dugand to regional managing director, Asia. Dugand takes up the role with immediate effect and will report to...
AXA Investment Managers Bullish About Europe as Asian Investors’ Interest Grows
Mar 20 2018 // Andrea Rossi doesn’t buy into the story that Europe is a dead end for growth. In fact, he sees luring Asian investors to his continent as one of the key ways AXA Investment Managers will expand in years to come. The...
Ride-Hailing Firm Grab Aims to Be Major Financial Services Player in SE Asia
Mar 15 2018 // 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...
Chubb to Provide Drivers’ Products for SE Asian Transportation/Fintech Platform Grab
Mar 14 2018 // 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...
BHSI Opens Dubai Office, Names Cerase & Yadvendu to Head Middle East Region
Feb 12 2018 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has received an insurance license from the Dubai Financial Services Authority and established an office in the Dubai International Financial Centre (DIFC). It...
Allianz to Acquire Sri Lanka’s Janashakthi General Insurance for €85.9M
Feb 2 2018 // Allianz announced it has entered into an agreement with Janashakthi Insurance PLC (JINS) to acquire 100 of its subsidiary Janashakthi General Insurance Ltd. (JGIL) for LKR 16.4 billion (€85.9 million, or approximately...
UK Insurtech Startup Inzura Raises $1M for International Growth Plans
Jan 31 2018 // Inzura, the London-headquartered insurtech startup, announced the completion of its first major funding round, raising US$1 million to pursue its “ambitious growth plans.” The funds will be used to accelerate...
Artex Risk Solutions Launches Singapore Office, Led by Pannuzzo from Aon
Jan 29 2018 // Bermuda-based Artex announced the creation of Artex Risk Solutions (Singapore) Pte Ltd., its first office in the region, which will oversee the growth and development of Artex’s Asia Pacific captive and risk...
Bloomberg Interview with Lloyd’s CEO Beale in Davos: Economic Outlook, Asia Growth, Cyber, Brexit and More
Jan 26 2018 // Lloyd’s of London, the world’s oldest insurance market, is experiencing year-on-year growth of 100 percent in some of its Asian markets, where growing economies are fueling demand for cover from the...
QBE Expects US$1.2B Loss in 2017 from ‘Unprecedented’ Natural Catastrophes
Jan 24 2018 // QBE announced to the market this week that it expects a US$1.2 billion after-tax loss in 2017 on “unprecedented” natural catastrophe claims. “This has been a challenging year for QBE, reflecting an...
Worldwide Broker Network Appoints CEO of Mojumdar & Co. as New Board Member
Jan 24 2018 // The Worldwide Broker Network (WBN) announced the appointment of Larry Mojumdar, CEO of Mojumdar & Co. Ltd., of Tokyo, to its board of directors. Mojumdar & Co. was established in 1955 in Tokyo. The company sells...
Allianz’ Property Unit Plans to Double Asian Investments in Next 3 Years
Jan 4 2018 // Allianz SE’s property unit plans to double investments in Asia over three years as the German firm is drawing in more money from its insurance operations in the region. Property investments may swell to 3.75 billion...
