Aon Risk Solutions, the global risk management and insurance brokerage business of Aon Corp., announced the Hong Kong opening of its space insurance practice, International Space Brokers (ISB). The bulletin said Craig McGilvray will be based in Hong Kong and …
Guernsey has received the green light for its companies to list on the Hong Kong Stock Exchange (HKEx). The Exchange’s Listing Committee has “formally approved Guernsey as an acceptable overseas jurisdiction for the purpose of companies incorporated in the Island …
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 …
RSA announced the appointment of Chris Colahan as its new Chief executive in Hong Kong. He previously served as country manager of RSA’s retail business in Singapore, and will replace Chris Dooley, who is moving to the UAE to be …
Hong Kong-based Starr International Company, Inc. has announced the appointment of Irene Chang as Underwriting Manager of Starr Casualty for Greater China. She will lead the effort in developing and promoting all Casualty products, including Financial Lines products. Chang will …
A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Century Insurance Company (Guam) Ltd. (CIC Guam)and Century Insurance Co., Ltd. (CIC Saipan), headquartered in the Northern Mariana Islands. The outlook …
American International Group’s protracted sale of its Taiwan unit was further complicated Tuesday when a local company proposed buying a stake in the insurer, an offer that may please regulators but runs counter to AIG’s plans. AIG has been trying …
Carlyle Group has sold a 2.5 percent stake worth around $860 million in China Pacific Insurance (Group) Co Ltd, sources said, helping the buyout fund recoup its investment in what could be one of its best Asian deals to date. …
During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on it. “Somebody came by, grabbed the umbrella and broke …
Lloyd’s has appointed Kent Chaplin as the new head of its Asia Pacific operations based in Singapore, replacing Keith Stern who is now Lloyd’s regional manager for the UK and Ireland. From January 2011, Chaplin will manage Lloyd’s operations across …
