Asia
CIRC seeks more information on Ping An sale
HSBC's sale of its 15.5% stake in Chinese insurer Ping An is at risk of falling at the first hurdle.
Japanese insurers grow in strength
Four Japanese companies are now in the top 10 insurers list as measured by net written premiums, according to a new AM Best survey
Smith goes global in new COO role as Watson steps up to Ageas UK CEO
Barry Smith's promotion to the newly created role of group chief operating officer at Ageas will see him tasked with delivering the insurer's 2015 strategic vision on a global level, including its ambitions for emerging markets in Europe and Asia where…
Tasmania bushfire losses could top AUS$49m
Losses from bushfires that have ravaged Tasmania in the past few days are expected to be around AUS$49m (€39m).
QBE appoints Asia-Pacific chief
Australian insurer QBE has appointed David Fried as its new chief executive for Asia-Pacific.
Asia reinsurer launches with $550m of capital
Hong Kong-based reinsurer Peak Re is trying to remedy what it describes as an "appalling" amount of underinsurance across the Asia Pacific region.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Interconnectivity of environmental and economic risks is major threat
Environmental and economic risks are on a collision course as cash strapped governments struggle to cope with the increasing economic burden from natural catastrophes, according to the World Economic Forum.
HSBC's Ping An stake sale in trouble
A Thai bid to buy HSBC's 15.6% stake in Chinese life insurer Ping An could be in trouble.
Zurich makes Impossible appearance on the silver screen
Zurich Insurance has engaged in film product placement for the first time by featuring in two scenes of new blockbuster The Impossible.
Ace's Andrade appointed COO for overseas insurance
Juan Andrade, Ace's division president for global personal lines and small commercial insurance, has been appointed to the additional post of chief operating officer for the firm's overseas general insurance business.
CII to offer more international-only qualifications
The Chartered Insurance Institute has broadened its options for international insurance agents with new international-only qualifications.
Punjab National Bank gets go-ahead for Metlife acquisition
Punjab National Bank has received approval to acquire a 30% stake in insurer Metlife India Insurance.
BMS takes Asia Pacific plunge with launch of Sydney office
Independent global broker BMS Group is celebrating a "significant strategic goal" after opening an office in Sydney, its first in the Asia Pacific region.
IRDA relaxes residence requirements for micro-insurance buyers
India's Insurance Regulatory and Development Authority has relaxed a rule requiring micro-insurance applicants to provide a confirmation letter from their bank, describing it as a barrier to financial inclusion.
Filipino insurers struggling with regulation and solvency requirements
Thirty-two insurers and mutual benefit associations in the Philippines are under various stages of conservatorship, receivership or liquidation, according to the country's Insurance Commission.
At least 20% of cars in India thought to be uninsured
Almost a third of cars on Indian roads may not have mandatory third-party liability insurance, according to analysis by insurance companies.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Asia View from the Top: Speciality lines drive growth
The economy remains strong across much of Asia, and the World Bank predicts growth of 7.6% in the region in 2013.
Aetna bolsters international PMI team
Aetna International has appointed Caroline Pain as head of international marketing and Gary Impett as business development manager to develop its insurance business in continental Europe, the UK and Ireland.
AIA completes acquisition of ING Malaysia
AIA Group has successfully completed the acquisition of ING Management Holdings (Malaysia) following receipt of the required regulatory approvals.
AIG divests remaining holding in AIA
AIA Group has confirmed that AIG has entered into a placing agreement to sell all its ordinary shares of AIA at HK$30.30 each.
Kiln expands Asia footprint with new hire
Kiln has appointed Gu Jin to lead a new venture with Lloyd's Insurance Company (China) in Shanghai.
US consolidator aquires Paul Napier
London-based Lloyd's broker Paul Napier has been sold to to US insurance broking consolidator Assured Partners for an undisclosed sum.