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, managing director for Willis Towers …
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 for underwriting management and development of the Cyber …
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 focus will be to help …
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 from $15 million, effective immediately. In addition, Ironshore …
AIA Group Ltd. agreed to buy Commonwealth Bank of Australia’s life insurance business for A$3.8 billion (more than $3 billion), in its most ambitious foray beyond the Hong Kong-based company’s core markets in Asia. AIA will team up with Commonwealth …
QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined ratio of 110.8 percent. This poor performance has led to the creation of two separate divisions …
The volume of completed mergers and acquisitions (M&A) in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second half of 2016, according to Clyde & …
Markel International, the the London-based specialist insurer and Markel Corp. subsidiary, has appointed Alex Holcroft as political risk underwriter in Singapore. He joins the existing trade credit and political risk team serving the Asia Pacific region and will report to …
XL Catlin announced it has launched its Cyber and Data Protection insurance policy in Asia Pacific. With cyber risk ranking in the top 10 in today’s emerging risks, the new policy is designed to protect businesses from the increasing exposures …
Guy Carpenter & Co. announced that Tony Gallagher has been appointed CEO of the Asia Pacific Region, with immediate effect. In addition, Richard Jones has been promoted to chairman of the region. Most recently CEO of the Pacific Region, Gallagher …
