Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can’t be moved easily. Major airports in storm-vulnerable regions …
Munich Re Specialty Group (MRSG) has appointed Hui Yun Boo as head of Asia, effective April 3, 2020. Boo will be based in the firm’s Singapore office and will lead Munich Re Syndicate offices throughout the Asia region. Boo has …
Bermuda-based Sirius International Insurance Group Ltd. announced it is expanding its facultative product offerings in the Asian region to better service its clients, beginning in early 2020. Through its office in Singapore, Sirius Group will onboard a team of key …
Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing Commercial Crime Insurance in Asia, a new policy designed to help companies address the exposures of a changing fraud landscape. BHSI’s Commercial Crime Insurance policy offers concise contract language for …
Aviva Plc, the U.K. insurer that’s overhauling some businesses as part of its chief executive officer’s turnaround plan, is to retain its Chinese joint venture as well as assets in its biggest market, Singapore. The firm will continue to explore …
Tokio Marine Kiln (TMK) has launched its flagship cyber product, Cyber Ctrl, targeted at insurers in Asia. The product covers a range of first party losses including business interruption and provides clients with crisis management support in the wake of …
Guy Carpenter & Co., a reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Dominic Samengo-Turner as global facultative leader. At the same time, insurance broker Marsh has appointed Simon Delchar as head of Marsh JLT …
German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion, sources said. Canada’s Sun Life Financial and …
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced plans to exit Syndicate 1200’s underwriting operations in Asia and most of its hull underwriting business within the syndicate. All existing policies remain valid and the company will manage claims …
Berkshire Hathaway Specialty Insurance (BHSI) announced that it has enhanced its Asia Executive FirstDirectors & Officers (D&O) Liability Insurance to include a provision that reinstates policy limits exhausted by the entity or by individual insureds. “Corporate regulatory investigations have become …
