Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Top Insurance Journal International Stories of 2017
Dec 29 2017 // Blockchain, cyber, mergers and acquisitions and London’s devastating Grenfell Tower fire are just some of the topics that dominate the most popular articles in Insurance Journal’s International section during...
Chubb Names French & Hill to Asia-Pacific Leadership Positions
Dec 14 2017 // Chubb announced two leadership appointments in the company’s Asia Pacific business. John French, currently country president for Australia and New Zealand, has been appointed to the position of senior vice president,...
BHSI Launches Financial Institution Professional Indemnity Insurance in Asia
Dec 13 2017 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced Financial Institution Professional Indemnity (FIPI) insurance in Asia. “Financial institutions are seeing an increase in both the...
Zurich Insurance to Acquire ANZ’s Life Businesses in Australia for US$2.14B
Dec 11 2017 // Zurich Insurance Group announced that it has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia, for A$2.85 billion (US$2.14 billion). Both parties expect...
AXA Simplifies Structure with 5 Geographies; New Management Committee Formed
Nov 14 2017 // AXA Group announced it is simplifying its operating model by creating five global geographies: France, Europe, the U.S., Asia, and International. In addition, it has created a single, refocused Corporate Center, which is...
Chubb Launches Commercial Division for SMEs in Asia Pacific
Nov 14 2017 // Chubb announced it has formed a division in Asia Pacific dedicated to the risk management needs of small- and medium-sized enterprises (SMEs). This new business division, which is named the Small Commercial Division,...
Fosun’s Peak Re Authorized as Life & General Reinsurer in Singapore
Nov 13 2017 // Peak Reinsurance Co. Ltd., the Hong Kong-based reinsurer, announced that the company has been authorized to write life and general reinsurance business in Singapore, effective Nov. 2, 2017. “Asia is our core region....
China Unveils Rules Allowing Foreign Firms to Take Majority Stakes in Local Insurers
Nov 10 2017 // China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures,...
Nepal Bank Latest Victim in String of Global Cyber Heists
Nov 8 2017 // A bank in Nepal is the latest victim in a string of cyber heists, though most of the stolen funds have been recovered, two officials involved in the investigation confirmed on Tuesday. [Editor’s note: Reuters issued...
AIG Names Spaven as Head of Liabilities & Financial Lines, Singapore & SE Asia
Nov 7 2017 // 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...
Willis Towers Watson Taps Yeung from AIG as Head of P/C, North Asia
Nov 6 2017 // Willis Towers Watson announced the appointment of Evariste Yeung as head of Property and Casualty, North Asia. Yeung’s appointment took effect on Sept. 25, 2017. He is based in Shanghai and reports to Richard Collis,...
AIG Names MetLife’s Townsend as CEO, International General Insurance
Oct 31 2017 // American International Group (AIG) announced that Chris Townsend will join the company as chief executive officer, International General Insurance. In this newly created role, Townsend will lead the international...
Singapore Looks to Create Thousands of Finance, Insurance Jobs
Oct 31 2017 // Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. In a plan unveiled...
Lloyd’s Re/Insurance Broker RFIB Launches Singapore Operation
Oct 30 2017 // RFIB Group Ltd., the Lloyd’s insurance and reinsurance broker, announced the launch of RFIB (Singapore) Pte Ltd. The new operation will serve as a hub for the continued development of RFIB’s presence across...
XL Catlin Taps Allianz’ Broodryk as Cyber Product Leader, APAC Financial Lines
Oct 27 2017 // XL Catlin’s insurance operations announced the appointment of Max Broodryk as product leader of Cyber Risk, International Financial Lines for Asia Pacific, based in Sydney. In this role, Broodryk will be responsible...
RMS Opens Office in Sydney to Support Client Growth in Australia, New Zealand
Oct 25 2017 // RMS, the Newark, Calif.-based global risk modeling and analytics firm, has opened a new office in Sydney, Australia, as part of its drive to support clients’ expansion in the Australian and New Zealand markets. The...
Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030
Oct 20 2017 // As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From Afghanistan in the west to Bangladesh in the east, floods could cost South Asia...
Ironshore’s Singapore Branch Hikes Capacity to $50M for Political Risk Lines
Oct 19 2017 // Ironshore Insurance Ltd., Singapore Branch, announced an increase in capacity for political risk business lines within its Political Risk & Trade Credit unit. Available capacity now stands at US$50 million, an increase...
Markel International Launches Fintech Insurance for Asian Market
Oct 17 2017 // Markel International, the specialist insurer, has unveiled a fintech policy offering comprehensive protection for businesses in the financial technology sector in Asia, having successfully launched it in the UK early last...
Terrorism Risks Have Made Tight Security Routine at Many Global Hotels, Resorts
Oct 4 2017 // Across the globe, risks of terrorism and other violence have made tight security at hotels and resorts routine, even in countries where strict gun control laws may help prevent the kind of shooting attack that occurred...
