France’s AXA Group has appointed Philippe Donnet to the position of AXA Group Regional CEO – based in Singapore – to oversee AXA’s principal insurance businesses in the Japan & Asia-Pacific region, effective October 1. The appointment confirms AXA’s intention …
Malaysia is allowing qualified banks and insurers to offer foreign-currency services that comply with Islamic law as part of a push to make the country an Islamic financial hub, the central bank said Monday. Islamic financial institutions can now set …
The powerful London-based Lloyds insurance market said it has removed the Malacca Straits from its list of sea lanes with a war risk rating following an improvement in security. Lloyds Market Association said the decision by the Joint War Committee …
The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide the developed countries, …
The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide the developed countries, …
The Bermuda-based Catlin Group Limited has established a new office in Hong Kong. “Catlin Hong Kong Limited will operate as a registered Lloyd’s of London coverholder, binding non-life business on behalf of the Catlin Syndicate (Syndicate 2003) at Lloyd’s,” said …
More than 4900 people have now been confirmed dead following the massive earthquake that hit the Indonesia Island of Java on Saturday, May 27, around 6:00 in the morning local time. More than 20,000 have been injured, and an estimated …
Tokio Marine & Nichido Fire Insurance Co., Ltd., subsidiaries of Japan’s largest insurer (by net premiums written), Millea Holdings, Inc., announced that they have reached an agreement with shareholders holding more than 50 percent to acquire their shareholdings in Asia …
French reinsurer SCOR Group reported premium gains in its Asia-Pacific zone following treaty renewals at the beginning of April. Written premiums In Japan exceeded 7 billion yen ($59.3 million) up 6 percent compared to 2005. SCOR noted: “Wind risk pricing …
Global broker Willis Group Holdings announced that its Inspace division has been “further strengthened by the opening of a new office in France, Willis Aerospace Consulting (WAC).” Willis’ new operation is in Neuilly-sur-Seine, just outside Paris. The bulletin said the …
