European insurers Allianz and AXA SA are among the potential bidders for HSBC Holdings Plc’s sale of its general insurance business, which could fetch more than $1 billion, sources familiar with the matter told Reuters. HSBC , Europe’s biggest bank, …
Joe Plumeri, the Chairman and CEO of Willis Group Holdings, told more than 100 leading Asian CEOs’ that ‘insurance is not just about coverage and claims, but is about security and survival’ at the KPMG ‘Captains of Industry’ lunch hosted …
Whittington Group, the Singapore-based international insurance investor, announced it has reached a definitive agreement to sell its London businesses to a consortium, comprising Tawa Plc, Skuld, and Paraline Group, Ltd., who will acquire Whittington Insurance Markets Limited (WIM) and its …
Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world’s fastest-growing major economies of China and India continue to mint millionaires, a report from Julius Baer said on Wednesday. The …
UK-based broker Miller Insurance Services announced that Martin Giggins has joined the firm’s Hong Kong office to spearhead the development of its financial services business in the Asia region. Giggins specializes in the production and placement of financial risks including …
Catastrophe risk modeler Eqecat has scheduled July 15 as the date to release three significant revisions to its Worldcatenterprise 3.16 platform. The updates cover Eqecat’s North Atlantic hurricane model, its Canada earthquake model and its Asia typhoon model. These updates …
Liberty Insurance Company Limited (LICL) has been granted approval by the China Insurance Regulatory Commission (CIRC) to increase its registered capital by $17.5 million. LICL is a wholly owned subsidiary of Liberty Mutual Insurance Co. and part of the Liberty …
MAPFRE, a major non-life insurance group in Spain and Latin America, and MITSUI SUMITOMO INSURANCE (MSI), Japan’s principal non-Life insurance group in Asia, announced that they have “extended their framework partnership agreement to all the countries where the groups have …
Boston-based financial research and consulting firm Celent, a part of Oliver Wyman and ultimately a division of MarshMac, has announced the expansion of its Asian Financial Services Group, with new offices in Seoul, Hong Kong, and Singapore. Celent already has …
London-based Cooper Gay, the independent wholesale, reinsurance and specialist retail insurance broker, has appointed Jeremy Austen as Head of Broking for its Singapore office. He reports to Asia Pacific Regional Managing Director, Stephen Britten, and will focus on business development …
