Asia Pacific News

StarStone, Subsidiary of Enstar, Creates Australian Underwriting Hub

StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced the creation of an underwriting capability in Australia. The new hub will operate alongside Enstar’s existing Australian operation, subject to regulatory approval. StarStone Australia will be led by …

XL Catlin Appoints Guest as Country Manager Singapore – Insurance

XL Catlin’s insurance segment has appointed David Guest as country manager for Singapore. In this role, he is responsible for the development and growth of XL Catlin’s insurance business in Singapore, in addition to his current role as regional leader …

Chubb Appoints P&C Risk Engineering Leadership Team in Asia Pacific

Chubb has appointed Darren Cantas its head of Risk Engineering for Property and Casualty in Asia Pacific. He will continue to lead the region’s P&C Risk Engineering Services team, comprising 32 risk engineers based in 10 countries. In addition, he …

Ironshore Bolsters War & Terrorism Offering in Asia Pacific with Hill Appointment

Ironshore International announces that James W. Hill has been named underwriting manager of Terrorism, Political Violence and War for the Asia Pacific region. Hill, who joins Ironshore from Willis Ltd., will be based in Ironshore’s Singapore office, reporting to Hui …

Zurich Insurance Appoints Marguin as Chief Underwriting Officer, Asia Pacific

Zurich Insurance has appointed Hervรฉ Marguin as chief underwriting officer (CUO), General Insurance, Asia Pacific, effective immediately. Marguin will report to Stuart A. Spencer, chief executive officer, General Insurance, Asia Pacific, and Alan Fairhead, CUO, General Insurance, Zurich Insurance Group. …

Chubb Appoints Marine Insurance Executive Team for Asia Pacific Region

Chubb has appointed for the Asia Pacific region Christine Aldrich as its marine cargo underwriting manager and Callum Clark as marine hull underwriting manager. Both Aldrich and Clark will report to Anthony O’Brien, regional head of marine for Asia Pacific. …

AIA 2015 Net Income Drops 22% on Weak Asian Currencies, Market Volatility

AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a 22 percent decline in full-year profit as weaker regional currencies and stock-market gyrations detracted from business growth. The insurance company announced an unexpected 50 percent increase in its …

Update: Zurich Insurance Weighs Sale of Hong Kong & Singapore Units

Zurich Insurance is exploring a sale of its Hong Kong and Singapore operations as it reviews its non-core businesses outside Europe, sources familiar with the matter said. The Swiss insurer has discussed the plan with several investment banks but has …

Lloyd’s Open Broker Sessions in Singapore Designed to Speed Placement Process

Lloyd’s has started holding open trading sessions at its Singapore hub, which are designed to speed up insurance placements. The sessions enable brokers to see multiple markets at one time and provide faster turnaround times as quotes are given, lines …

Allied World Appoints Herron as VP in Australia Professional Liability Team

Allied World Assurance Co. Holdings announced that Michael Herron was appointed vice president, Professional Liability โ€“ Allied World Global Markets. Based in Sydney, Australia, Herron will be responsible for the growth and development of the company’s Australian professional liability business. …