2013 has been another busy year for Singapore’s insurance sector as it continues to evolve as a regional hub writes Justin Harper.
Super typhoon Haiyan which killed over 5 000 people dominated the November global catastrophe list.
Kiln and Tokio Marine Europe have merged to form one insurer called Tokio Marine Kiln Group.
The long-running conflict over motor third party liability insurance between the Russian government and insurance companies initially rocked the industry boat - however, in general, the insurance market remained steady this quarter (though not without some casualties).
Global insurer Ace has appointed Jason Keen as the new head of property in Asia.