Asia

Customers want more services, says Bain & Co.

There is a growing divide in insurance between low-cost providers and those trying to differentiate themselves by offering more services according to global consultancy Bain & Co.

Profile: Oscar Treceno, IMIA

For six years, Oscar Treceno has juggled his day job as head of the engineering and energy department at Helvetia with the role of chairman of the International Association of Engineering Insurers. Post asked him about IMIA's role in today's market.

Axa to "rebalance" IT roles in Asia

Global insurer Axa has said it is "rebalancing some roles in the region" following a report it is cutting around 250 staff from its centralised Asia IT operations in Hong Kong.

Group CEO Neal to exit QBE

QBE's group CEO John Neal will step down from the Australia-headquartered global insurer on 31 December.

Marsh restructures global management

Broking giant Marsh has unveiled a new global management structure, including new appointments to its executive management team as part of a global management shake-up, effective immediately.

The challenges of Cyclone Debbie

Cyclone Debbie was the costliest natural catastrophe to hit Australia for six years, while the scale of the event spurred innovation among insurers writes Nicky Burridge.

GM Consultant hires in Asia-Pacific

Experienced former broker and underwriter Sue Yen Leow has joined international loss adjuster GM Consultant as business development manager, Asia-Pacific.

MSIG to buy First Capital for £1.25bn

Japanese carrier Mitsui Sumitomo Insurance, part of MS&AD, has acquired Singapore general insurer First Capital for $1.6bn (£1.25bn) from Fairfax Financial.

The cost of Hong Kong's typhoons

A typhoon signal 8 warning can cost Hong Kong's economy as much as HK$4.29bn (£427m) each day writes Swiss Re Corporate Solutions head of north Asia and Hong Kong branch manager Dylan Bryant.

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