Asia Pacific market News

Singapore’s Income Insurance, Allianz in Talks on Potential Transaction

Singapore’s Income Insurance Ltd is in discussion with Allianz regarding a transaction relating to its shares in Income Insurance, it said in a statement on Friday. The company added in the statement that there is no assurance that any transaction …

Singapore’s Income Insurance Weighs Partnerships or Stake Sale for APAC Expansion

Singapore’s Income Insurance Ltd. is exploring options as it looks to expand across the Asia Pacific region, including possibly tying up with a partner or selling a stake, according to people familiar with the matter. While Income Insurance has received …

WTW Launches Asia Pacific Climate Risk Centre in Singapore

WTW announced the launch of an Asia Pacific Climate Risk Centre (ACRC) in Singapore, which aim to provide climate risk quantification and management capabilities to support the region’s climate resilience and transition to net zero. The centre reinforces WTW’s commitment …

Specialty Re/Insurer Canopius Expands in APAC, With Launch of Melbourne Office

Canopius Group, the global specialty re/insurer, announced the opening of a new trading office in Melbourne, Australia. The operation will be led by David Mutton, who joins Canopius as casualty underwriter, APAC with immediate effect. Canopius will initially underwrite casualty …

Lockton Launches Affinity Biz in Australia, New Zealand and Pacific, Led by Dasgupta

Lockton, the world’s largest privately owned insurance brokerage, announced the launch of an Affinity Schemes business in Australia, New Zealand and Pacific. The business will be led by Tanya Dasgupta who recently joined Lockton as National Manager – Affinity Schemes …

WTW Combines Asia and Australasia Into APAC Unit With Weaver as Head

Insurance broker WTW announced the combination of its Asia and Australasia operations into one Asia Pacific region, effective Jan. 1, 2023. As part of the combination, former Head of Australasia Simon Weaver has taken on the new role as head …

People Moves: NFP Hires Pelaez for Mgmt and Professional Liability in Canada; Miller Names AGCS’ Hooker as APAC Head of Energy; Liberty GTS Hires 3 for APAC Team

This edition of International People Moves details appointments at NFP, Miller and Liberty Global Transaction Solutions A summary of these new hires follows here. NFP Hires Pelaez for Management and Professional Liability Team in Canada NFP, the property and casualty …

People Moves: Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Mgmt. Liability; Gallagher Re Names 6 Senior Execs for APAC Region

This edition of International People Moves details appointments at Beazley and Gallagher Re. A summary of these new hires follows here. Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Management Liability Beazley announced that Catherina MacCabe, focus group …

Chubb Buys Renewal Rights of DUAL Asia’s Financial Lines Portfolio

Chubb announced the completion of the agreement for the transfer of renewal rights of DUAL Asia’s financial lines portfolios in Hong Kong and Singapore. Chubb will be purchasing the business assets including the intellectual property and underwriting models from DUAL …

People Moves: Latitude Brokers Names Cannock Managing Director, Singapore; Howden M&A Bolsters Asia Pacific Team; Markel Int’l Bolsters Media/Entertainment Team

This edition of International People Moves details appointments at Latitude Brokers, Howden M&A in Asia Pacific, and Markel International. A summary of these new hires follows here. Latitude Brokers Names Cannock Managing Director, Singapore Latitude Brokers, recently acquired by Filhet-Allard …