Asian market News

Aviva Weighs Options for Asian Business Including Possible Sale

Aviva Plc is considering options for its Asian business including a possible divestment of the unit as its new chief executive officer seeks to overhaul the British insurer, people familiar with the matter said. The Asian assets could be valued …

Brokerslink Bolsters Presence in Asia with Addition of 3 New Affiliates

Global broking business Brokerslink has bolstered its presence in Asia with the addition of three new affiliates in the region. South Korean LK Insurance Services, Malaysia-based State Insurance Services and John Foord in Singapore have all joined the broking network, …

Higginbotham Named Swiss Re’s CEO Reinsurance Asia, Replacing Plunkett

Swiss Re announced that Russell Higginbotham has been appointed CEO Reinsurance Asia and regional president, effective July 8, 2019, and subject to necessary regulatory approvals. He is succeeding Jayne Plunkett, who has decided to pursue career opportunities outside Swiss Re. …

Aon Taps Jones from Guy Carpenter as Exec. Chairman, Asia Reinsurance Solutions

Aon plc has appointed Richard Jones as executive chairman of its Reinsurance Solutions business in Asia. Jones will be responsible for business development and supporting clients across the Asia region. Based in Singapore, Jones will join Aon in May 2019 …

Tokio Marine Kiln Closes Hong Kong Office

Tokio Marine Kiln (TMK) announced a reorganization of its Asian operations based primarily in Singapore with supporting offices in Hong Kong and Shanghai. TMK will be closing its Hong Kong office with immediate effect and making arrangements over the next …

Markel Appoints Beazley’s Lam as Professional & Financial Risks Underwriter

Markel International, the London-based specialist insurer, has appointed Gordon Lam as a senior professional and financial risks (PFR) underwriter. He will be based in Singapore initially and is expected to relocate to the Hong Kong office in due course. He …

HWI International Launches MGA with Asian Focus: NuVu Underwriting Hong Kong

HWI International Group, the privately owned insurance business, has announced the launch of NuVu Underwriting Hong Kong Ltd., a new managing general agent (MGA) in Hong Kong, headed up by industry veteran Jeremy Austen. Subject to regulatory approval, NuVu Underwriting …

BHSI Introduces Private Company & Nonprofit Organization Portfolio Cover in Asia

Berkshire Hathaway Specialty Insurance Co. (BHSI) has introduced Executive First Private Company Portfolio and Executive First Nonprofit Organization Portfolio policies in Asia. “Our Private Company and Nonprofit Organization Portfolio forms provide far-reaching, contemporary coverage backed by BHSI’s financial strength,” said …

Tokio Marine Kiln Promotes Dugand to Regional Managing Director, Asia

Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, announced the promotion of Alex Dugand to regional managing director, Asia. Dugand takes up the role with immediate effect and will report to James Dover, group chief financial officer. …

AXA Investment Managers Bullish About Europe as Asian Investors’ Interest Grows

Andrea Rossi doesn’t buy into the story that Europe is a dead end for growth. In fact, he sees luring Asian investors to his continent as one of the key ways AXA Investment Managers will expand in years to come. …