Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
BHSI Launches Insurance Products for Directors & Officers in Asia
Jul 13 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) is expanding its executive & professional lines capabilities in Asia with the introduction of Executive First™ Public Offering of Securities Insurance (POSI) and...
Nexus Acquires Beacon, Hong Kong-Based Marine MGA
Jul 6 2016 // Nexus Underwriting Management Ltd. has acquired 100 percent of the shareholding in Hong Kong-domiciled Beacon Underwriters Ltd., a marine managing general agent. Beacon was established in 2009 as a Lloyd’s...
Allianz Set to Begin $3.3B Asia Property Push over Next 3 Years
Jun 30 2016 // Allianz Real Estate is set to make its biggest Asian investment to date, in a first step toward adding as much 3 billion euros ($3.3 billion) of real estate in the region within three years. The $150 million pan-Asian fund...
Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re
Jun 29 2016 // Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re’s latest sigma...
Zurich Offers Post Cyber Attack Response Service in APAC
Jun 23 2016 // Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford &...
AXA Awaits Result of Brexit Vote Before Building London’s Tallest Tower
Jun 21 2016 // AXA SA’s real estate unit is awaiting the outcome of the Brexit referendum before deciding whether to proceed with a plan to build the tallest tower approved in the City of London. “We have not launched the...
BHSI Enters A&H Market in Asia, Brain Named to Lead A&H in Region
Jun 21 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it is entering the accident & health (A&H) market in Asia, and appointed Phillip Brain as head of A&H in the region. Brain comes to BHSI with nearly...
AIR Expands Earthquake, Typhoon Models for Southeast Asia
Jun 20 2016 // Catastrophe risk modeling firm AIR Worldwide (AIR) said it has “significantly expanded” its earthquake and typhoon models for Southeast Asia. The new earthquake model features the ability to account for the...
Craze for Asian Bancassurance Deals Fits Definition of Insanity: Opinion
Jun 20 2016 // Among all financial products, bancassurance perhaps comes closest to fitting Einstein’s theory of insanity: Insurers have been conducting the same sorry experiment again and again, expecting different results. Right...
Zurich to Sell General Insurance Operations in Taiwan to Hotai Motor
Jun 17 2016 // Zurich Insurance will sell its general insurance operations in Taiwan to Hotai Motor Co. Ltd., with the business to become part of the Hotai Group, subject to approvals and conditions from the supervisory regulator. Hotai...
XL Catlin Names Haynes as Senior U/W, International Casualty, Asia
Jun 13 2016 // XL Catlin has appointed Lloyd Haynes as senior underwriter, International Casualty, covering the Asia Pacific market, based in Singapore. Haynes has worked in the insurance industry for more than 10 years. He joins XL...
Nexus Signs 3-Year Capacity Deal with XL Catlin to Write Financial Lines in Asia
May 31 2016 // Nexus Underwriting, the independent specialty managing general agent (MGA), has signed a three year underwriting capacity deal with XL Catlin in Asia through XL Insurance Co. SE. Through its new branch based in Hong Kong,...
Hackers Target SE Asian Banks, Revealing Campaign Against SWIFT Network
May 27 2016 // Investigators are examining possible computer breaches at as many as 12 banks linked to SWIFT’s global payments network that have irregularities similar to those in the theft of $81 million from the Bangladesh...
Aspen Announces New CEOs for Insurance & Reinsurance Units as Vitale Retires
May 18 2016 // Bermuda-based Aspen Insurance Holdings Ltd. has appointed new leaders for its insurance and reinsurance segments, in response to the announced retirement of CEO Mario Vitale. Stephen Postlewhite, previously chief executive...
W.R. Berkley Forms Berkley Insurance Asia, Naming Gangadharan CEO, Yip as COO
May 12 2016 // W.R. Berkley Corp. announced the formation of Berkley Insurance Asia. Shasi Gangadharan has been named chief executive officer and Aaron Yip has been appointed chief operating officer. The appointments are effective...
Tokio Marine Kiln Launches General Aviation Consortium on Lloyd’s Asia Platform
May 9 2016 // Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has launched its first General Aviation Consortium on the Lloyd’s Asia platform. The consortium will provide all brokers and buyers...
AIG Selling $1.2 Billion Worth of Shares in China’s PICC P&C: Report
May 2 2016 // American International Group is offering for sale about $1.2 billion worth of shares in China’s PICC Property and Casualty Co. Ltd. (PICC P&C) in a block deal, IFR said on Saturday, citing a term sheet of the...
XL Catlin Names Huang as Asia U/W Manager, War, Terrorism & Political Violence
May 2 2016 // XL Catlin’s insurance operations announced that Carrie Huang has been promoted to the position of Asia underwriting manager for War, Terrorism and Political Violence. Based in Singapore, she will be responsible for...
Willis Capital Markets & Advisory Appoints Lien as Managing Director, Hong Kong
Apr 28 2016 // Willis Towers Watson has appointed Vincent Lien as managing director of Hong Kong for Willis Capital Markets & Advisory (WCMA), the firm’s investment banking business. Reporting to WCMA co-CEOs, Michael Guo and...
PERILS Joins Singapore’s NatCatDAX, Aiming to Close Asia Nat Cat Protection Gap
Apr 28 2016 // PERILS, the Zurich-based independent organization providing industry-wide catastrophe insurance data, announced it has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance, which...
