Asia
Fitch worried over subordinated debt in China
Ratings agency Fitch is worried about a move by the Chinese regulator to allow insurers to issue more subordinated debt to increase capital.
Aon signs eight year deal with Manchester United
Despite no longer being the main kit sponsor from the 2014/15 season, Aon has agreed a $230m sponsorship deal for Manchester United's training ground and kit, and also to become a tour partner.
Bird flu cases rise to 21 as China takes more action
The number of bird flu cases has risen to 21 with six deaths, as China cracks down on the movement of live poultry and disinfects schools in Shanghai.
Building collapse in India kills over 60
74 people died and over 60 have been injured following the collapse of an unfinished building in Thane, a suburb of Mumbai.
Vietnam bans poultry from China
First import ban as bird flu fears escalate as 14 people have been infected with six deaths in China.
Extended winter caused billions of dollars of damage in March
France, Germany, the Ukraine and Japan were worst hit by claims in March as snow and cold weather continued throughout the month, according to Impact Forecasting's latest research.
XL restructures Asia Pacific operations after review
XL Group plans to restructure its Asia Pacific unit, integrating operations in Australia, Singapore, Labuan, Hong Kong and China.
Crawford hires Singapore MD from Russian insurer
Claims management firm Crawford & Company has appointed Andrew Tait as managing director of its Singapore office.
Cyber liability: Risks rising
Cyber attacks have become almost a daily occurrence in recent times. Whether it is on a company, a personal account or a sensitive government department, hackers have not spared a single target of importance writes Mukul Gupta.
Composite insurers likely to split in Malaysia
The Financial Services Act and Islamic Financial Services Act are likely to force composites, including takaful insurers, to split their units in the middle of the year.
Top 5 Asian news stories
The top five news stories from www.insuranceinsight.com over the past seven days.
Turkey and Poland to lead European bancassurance growth
The emerging markets of Asia-Pacific, Latin America, Turkey and Poland are projected to see significant bancassurance growth over the next four years, according to a report by data provider Timetric.
Outlook for reinsurers challenging, says Willis Re
$35bn of capital flowing into the reinsurance industry is helping keep reinsurance renewal prices low says Willis Re in its latest report.
Marsh launches charities' D&O cover for Singapore
Global broker Marsh is now providing a directors and officers' liability policy for charities including religious organisations.
Global insurer body calls for more foreign investment in India
The Global Federation of Insurance Associations is encouraging the Indian government to take steps to open up the insurance market further.
Cause of bird flu deaths in China unknown
Two people have died in Shanghai of H7N9, a strain of avian influenza virus, with another woman critically ill.
Hyperion boss eyes further growth in Asia
Hyperion Group hopes the expertise of new shareholder General Atlantic will provide a springboard for further growth in emerging Asian markets, according to its chief executive officer.
Hyperion boss eyes further growth in Asia as GA comes aboard
Hyperion chief executive David Howden is hoping investment and expertise available at new shareholder General Atlantic will provide his firm with a springboard for further growth in emerging Asian markets.
Earthquake insurance premiums to rise 15% in Japan
The Non-Life Insurance Rating Organisation of Japan has recommended to raise average earthquake premiums for buildings by 15.5% in July 2014.
View from the Top: The move from West to East
As many Western insurers leave the Asian insurance sector, Patrick Chan, director and general manager of Nova Risk Services and chief operating officer at BrokersLink Asia Pacific, explains why entrepeneurs in the region are buying up assets.
Kidnap & Ransom: Forewarned is Forearmed
With instances of kidnapping for ransom on the rise in certain parts of the world, it’s more important than ever for firms to ensure they have adequate cover.
FSA fines Prudential £30m and censures CEO over AIA deal
The Financial Service Authority is set to fine Prudential £30m and censure its chief executive Tidjane Thiam, for failing to report the AIA acquisition plans to the regulator.
Motor premiums soar in Indonesia
Record car sales spurred motor premium growth in the fast growing Indonesia in 2012.
Insurance complaints rise in Hong Kong
Complaints rose 18% last year in Hong Kong, but self-regulator says this reflects more sales.