Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
ACE Creates International Excess Unit in Asia Pacific; Appoints Sexton
Mar 31 2015 // ACE Group has created a new business unit – ACE International Excess (AIE)– to provide commercial property insurance on an excess basis for large companies in the Asia Pacific region. The new business unit will be...
Guy Carpenter Report Reveals Greatest Tsunami Risk Lies in Taiwan
Mar 23 2015 // Guy Carpenter’s new scenario risk report for the Asia-Pacific region predicts the greatest tsunami risk in the area lies in Taiwan. The report, titled “Tsunami Risk from Magnitude 9.4 Earthquake in Manila...
People – West
Mar 23 2015 // The members of the Surplus Line Association of California have named Denis Brady, president of Burns & Wilcox Brokerage in San Francisco, chair of the SLA board of directors. Brady’s election was finalized after...
ACE Appoints Tan in New Regional Head of Agency Role for Asia Pacific
Mar 19 2015 // ACE Group has appointed Jeslyn Tan to the new role of regional head of agency for Asia Pacific, based in Thailand. The creation of this new role reflects the company’s commitment and investment to expand the agency...
California Commissioner Names New Insurance Diversity Task Force
Mar 16 2015 // California Insurance Commissioner Dave Jones on Monday announced the members of the 2015-2016 Insurance Diversity Task Force, which will make recommendations to Jones on ways to increase diversity in procurement and...
Berkshire Hathaway Specialty Insurance Names Head of Singapore Energy Business
Mar 16 2015 // Berkshire Hathaway Specialty Insurance (BHSI) today announced another key addition to its leadership team in Asia, naming Min Ong as Asia regional head of energy, based in Singapore. Malin Fredriksson, Asia regional head...
ACE Makes New Appointments for Its Casualty Business in Asia Pacific
Mar 13 2015 // ACE Group has appointed Shaun Oliver to the role of head of casualty (energy and construction), Asia Pacific. The creation of this new role reflects the rapid growth and ongoing demand within this portfolio of business,...
Low Insurance Penetration Creates Asia-Pacific Opportunities: Aon Benfield
Mar 11 2015 // As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth in the global marketplace, according to a report published by Aon...
2014 Insured Losses Hit Lowest Level in Five Years: Guy Carpenter
Feb 26 2015 // Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review. The report says that significant insured losses in 2014 totaled approximately USD33...
Hong Kong-Based AIA Group Beats Estimates With 22% Jump in Profit
Feb 26 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a bigger-than-expected 22 percent increase in full-year profit, led by business growth in China and Hong Kong. Net income climbed to $3.45...
Berkshire Hathaway Specialty Insurance Fills 2 Key Positions in Singapore
Feb 23 2015 // Berkshire Hathaway Specialty Insurance (BHSI) announced two appointments to its leadership and underwriting team in Asia, naming Malin Fredriksson as Asia regional head of first party lines, and Kiran Prakash as Asia...
Marine Insurer Seacurus Launches South-East Asian Petro-Piracy Coverage
Feb 4 2015 // Specialist marine insurance intermediary, Seacurus, has developed a petro-piracy endorsement which can be added to existing kidnap & ransom (KR) insurance cover. The coverage was developed in response to the evolving...
Jardine Lloyd Thompson Announces Senior Employee Benefit Appointments
Jan 30 2015 // London-based Jardine Lloyd Thompson Group plc announced several senior management appointments within its UK Employee Benefits business and JLT Asia. These appointments are subject to obtaining the appropriate regulatory...
Asia’s Top-Performing Hedge Fund Bullish About China Insurers
Jan 27 2015 // Asia’s top-performing hedge fund is holding on to yuan shares of Chinese insurance and utilities companies, even after the Shanghai Composite Index surged 53 percent in 2014. Monetary easing in China will help...
AXA ART Announces New Global Organizational Structure
Jan 16 2015 // As part of its ongoing efforts to expand into new markets and bolster effective delivery of innovative product and service offerings to clients around the world, AXA ART announced it has structured its global operating...
Lowest Insured Losses since 2009: Impact Forecasting Climate and Cat Report
Jan 13 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has released its Annual Global Climate and Catastrophe Report, which evaluates the impact of the natural disaster events that occurred worldwide...
PartnerRe Establishes PartnerRe Asia
Jan 9 2015 // Partner Reinsurance Asia Pte. Ltd., a wholly owned subsidiary of PartnerRe Ltd., has been licensed by the Monetary Authority of Singapore to operate as a non-life and life reinsurer, capitalized in Singapore, according to...
France Sends Expert Search Team to Air Asia Jet Crash Scene
Jan 2 2015 // France’s BEA crash investigation agency said a specialist black box search team and equipment arrived on Friday at the search area for the Indonesia AirAsia flight which crashed on Sunday en route from Indonesia to...
Crowded Skies in Southeast Asia Put Stress on Pilots, Air Traffic Controllers
Dec 31 2014 // The sheer volume of flights in the skies over Southeast Asia is putting pressure on outdated air traffic control and on pilots to take risky unilateral action in crises such as that possibly faced by AirAsia Flight...
Indonesia, Malaysia, Thailand, Sri Lanka Hit by Heavy Rains, Floods: AIR
Dec 30 2014 // According to catastrophe modeling firm AIR Worldwide, the rains of the past week across Southeast Asia have been much higher than average, even for a period during which Southeast Asian countries normally experience heavy...
