Hong Kong News

Japan’s Millea to Offer SARS Coverage

The two main operating companies of the Millea Group, Tokio Marine & Fire and Nichido Fire & Marine, announced that they would offer coverage to persons traveling outside of Japan against the risk of severe acute respiratory syndrome, or SARS. …

inreon Announces New Expansion in Asia

inreon, the online reinsurance platform founded by Munich Re and Swiss Re in 2000, announced a further expansion of its operations in Asia with both Korean Re and China International Re, two of the region’s leading reinsurers, agreeing to write …

Lloyd’s Awards U.S. Brokers; Accredits New Asian, Pair of London Brokers

Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance Broker of the Year 2002 and …

Lloyd’s Awards U.S. Brokers; Accredits New Asian, 2 London Brokers

Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance Broker of the Year 2002 and …

inreon Expands in Japanese Market

inreon, the reinsurance online insurance platform, founded by Swiss Re and Munich Re, announced an expansion of its international operations in Japan, with the addition of two of the country’s largest P/C insurers – Sompo Japan and Fuji Fire & …

A.M. Best Expands Capabilities of its Hong Kong Regional Headquarters

A.M. Best Co. announced that it has recently integrated its Asia/Pacific insurance rating and information operations to serve Japan, Australia and New Zealand under A.M. Best Asia-Pacific Ltd. in Hong Kong. “Companies in Japan, Australia and New Zealand will now …

A.M. Best Affirms Rating for HSBC Medical Ltd.

A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of HSBC Medical Insurance Limited, Hong Kong. The outlook is stable. The rating reflects HSBC Medical’s leadership position in the group medical insurance sector, competitive underwriting performance, strong …

A.M. Best Affirms Rating for Sun Hung Kai Properties Ltd.

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI), Hong Kong. The outlook is stable. The rating reflects SHKPI’s prudent capitalization, adequate liquidity and improved underwriting performance. The rating …

Lloyd’s Chairman Sees Industry at a “Crossroads”

“The insurance industry is facing a series of critical choices in the near future,” stated Lloyd’s Chairman Lord Levene, speaking before an audience of 130 insurance professionals at the Conrad Hotel in Hong Kong. Lord Levene cited globalization, technology and …

A.M. Best Affirms A+ (Superior) Rating of PartnerRe Group

A.M. Best Co. has affirmed the group financial strength rating of A+ (Superior) of Bermuda-based PartnerRe Group and its core subsidiaries, Partner Reinsurance Company Ltd. (Bermuda), Partner Reinsurance Company of the U.S., PartnerRe Insurance Company of New York and PartnerRe …