Asia
ICICI Lombard files for IPO
Indian general insurer ICICI Lombard has filed a draft prospectus for an IPO for 19% of its shares.
Extreme cyber attack could cost as much as Superstorm Sandy, says Lloyd’s
A major global cyber attack could trigger $53bn of economic losses, the equivalent 2012’s Superstorm Sandy, according to a report from Lloyd’s.
Ageas's Bart De Smet on why insurers don't need start-ups to innovate
The hype around insurtech start-ups should not overshadow the in-house innovations coming from incumbent insurance companies, writes Ageas’s CEO Bart De Smet, defending the ‘internal incubator’ model.
XL Catlin names Ochsenkuehn head of global programs
XL Catlin has appointed Sonja Ochsenkuehn as head of global programs.
Analysis: London’s global reinsurance market share falling as rivals take a bigger slice
London Matters Report highlights key areas of concern
Latitude Brokers opens Korea office
Latitude Brokers has opened an office in Korea, the third for the marine insurance specialist in Asia.
Chaucer acquires Australian Lloyd's coverholder
Chaucer has acquired Australian underwriter and Lloyd’s coverholder, SLE Worldwide Australia as part of its plan to expand.
Report: Zhong An files for IPO in Hong Kong
Chinese internet only insurer Zhong An has filed for an IPO in Hong Kong according to reports.
International: Marine losses
Major marine losses are flowing again as ever larger, more sophisticated ships take to the seas.
Allianz's global commercial arm opens Seoul office
Allianz Global Corporate and Specialty, the international business division of the Munich-headquartered insurer, has opened an office in Seoul.
Medical provider gains Lloyd's coverholder status in Hong Kong
Global health insurer ALC Health, known as a la carte healthcare, has become a Lloyd's coverholder in Hong Kong and opened an office in the Special Administrative Region.
80% of claims from Cyclone Debbie are residential
Damage to homes and contents have made up 80% of almost A$1bn (£590m) of claims from deadly Tropical Cyclone Debbie.
QBE creates chief customer officer role
Australian global insurer QBE has made an internal appointment to fill a new position of chief customer officer for Australia and New Zealand.
IAG lifts full year guidance on higher reserve releases
After a tough year of natural catastrophes Sydney-headquartered insurer IAG has raised its margin guidance range for the full financial year after announcing higher than expected reserve releases.
Awareness of many business covers in Hong Kong is low, says QBE
Research from Australia-headquartered insurer QBE suggests SMEs and large businesses have a costly insurance knowledge gap in Hong Kong.
New Zealand's Tower backs Suncorp's bid
New Zealand insurer Tower's board is now favouring Suncorp's bid for the company over Fairfax Financial.
New Zealand to increase EQC cover; Kaikoura claims hit NZ$1.84bn
New Zealand government reforms propose to increase insurance coverage for the state-backed Earthquake Commission scheme to NZ$150,000 (£86,000) from NZ$100,000.
Law firms collaborate on global network
A group of insurance law firms have joined together to create a formal network to share knowledge and delivering legal expertise and service clients across four continents.
Axa appoints Bouas-Laurent as Hong Kong CEO
Axa Asia life CEO Etienne Bouas-Laurent will become Axa Hong Kong CEO on 1 September.
Navigating India's fast growing aviation market
With low levels of air travel penetration and a growing economy, expansion in the Indian aviation sector brings challenges and opportunities writes Kevin Betts, Asia-Pacific director, at loss adjuster McLarens Aviation.
Expanding ICT sector brings more risks to Asia-Pacific
A booming information, communication and technology sector is heightening risks across Asia-Pacific according to an Insurance Post whitepaper in association with QBE.
Mayes swaps Cunningham Lindsey for McLarens in Australia
Global loss adjuster McLarens has recruited Paul Mayes from rival Cunningham Lindsey.
Long-awaited Hong Kong insurance regulator begins
The Insurance Authority has taken over regulating the insurance market in Hong Kong today.
MSIG promotes 'pay how you drive' in Singapore
Japan-headquartered insurer MSIG has launched a telematics car mobile app in Singapore based on driving behaviour.