Asia
Europe's banks increasingly reliant on structured credit insurance
European banks are using structured credit insurance to remain active in the Asian trade finance market while deleveraging their trade finance portfolios, according to Marsh.
Banks turn to credit insurance in Asian market
European banks operating in emerging markets are increasingly using structured credit insurance as a way of remaining active in Asian trade finance market and deleveraging their trade finance portfolios.
IAG to spend £66m on Asian market
International Australia Group has set aside £66m to acquire businesses in Asia in a bid to boost its gross written premium contribution to 10% by 2016.
Jubilee General Insurance Pakistan assigned B++ rating
AM Best has assigned a financial strength rating of B++ (Good) and issuer credit rating of BBB to Pakistan's Jubilee General Insurance Company.
India's Bhartiya Janata Party continues to oppose FDI increase
Hopes of India's foreign direct investment ceiling being raised have been dashed once more after the opposition Bhartiya Janata Party pledged to vote against any bill that proposes raising the 26% limit.
IAG's Asian investment paying off
Insurance Australia Group is starting to gain "real traction" in Asia, according to chief executive Mike Wilkins.
BMS snares Kerr to lead Apac push
Independent broker BMS Group has poached Australia-based facultative broker Glenn Kerr from Aon Benfield.
Labuan Re ratings affirmed after capital raising
AM Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of 'A-' for Labuan Reinsurance.
BMS ups game in Australia with Aon Benfield hire
BMS has hired former Aon Benfield facultative broker Glenn Kerr to head up a push into Australia and the Asia-Pacific region.
RAC sells Ace travel product
RAC is to sell travel insurance in the UK after striking a deal with Ace Group.
UIB appoints new non-exec
Globsl reinsurance broker UIB has appointed Ralph Sharp as a board member and non-executive director for both UIB Ltd and UIB Holdings.
Vietnam's PM urges health insurance reform
Vietnam's Prime Minister unveiled a vision of a more equitable health insurance system at a meeting on the country's Health Insurance Day.
Huatai is "first Chinese firm to deploy fraud protection"
Chinese property insurer Huatai is to use Fico Solutions’ fraud protection product in an effort to reduce losses from auto insurance claims fraud and accelerate its claims processing.
Aviva chairman vows to exit underperforming segments
Aviva’s new chairman has pledged to cull 16 underperforming segments as part of a business revamped strategy.
Ageas Hong Kong's IFS rating affirmed
AM Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “A-” of Ageas Insurance Company (AICA) Hong Kong.
Faber Global expands in Asia with Singapore office
Faber Global, the facultative and wholesale reinsurance arm of Willis Group, has increased established a presence in Singapore to cover facultative reinsurance for Singapore and Asia.
Future Generali targets rural segment with microinsurance product
Generali’s Indian joint venture Future Generali has launched a microinsurance product for rural business owners.
William Russell re-brands and launches new website to 'remain competitive'
Expatriate insurance specialist William Russell is launching a major re-brand to coincide with its 20th anniversary in the industry.
Markel appoints trade credit analyst in Singapore
Markel International has appointed Rufin Majid as trade credit analyst in its Singapore office.
Crawford nabs Cunningham Lindsey COO for EMEA role
Crawford & Company EMEA/A-P has appointed former Cunningham Lindsey UK chief operating officer and chief finance officer John Jenner to commercial director and director of strategy & performance development for the region.
Interest in India’s domestic market wanes amid rising costs
Several prospective entrants to India’s domestic insurance market have put plans on hold due to rising costs as a result of new guidelines from the Insurance Regulatory and Development Authority.
Singapore's rich vastly underinsured, research shows
Singapore's rising rich are exposing themselves to unnecessary financial risk due to inadequate insurance provisions, according to recent research.
RSA considers expansion in Indonesia, Malaysia and the Philippines
RSA may consider opportunities to expand its presence in Indonesia, Malaysia and the Philippines following an Asian restructure last week.
Reynolds Porter Chamberlain to open in Hong Kong
Law firm Reynolds Porter Chamberlain will open a Hong Kong office in August with another former Clyde & Co partner among the ranks.