Asia
Miller hires Asia treaty reinsurance specialist
Broker Miller has recruited south east Asia treaty reinsurance specialist Chin Kim Sun from Aon Benfield.
Axa fails in bid to re-enter Taiwan market
Taiwan's insurance regulator has refused to allow Axa to re-enter the market owing to concerns about the French insurer's commitment.
ISA Countdown: Q&A with Ernst & Young's May Knight
As the last in our series counting down to Insurance Strategy Asia next week, Insurance Insight spoke to May Knight about her views on the Asian insurance market.
Consumers will suffer if Indian insurers can't increase rates
Pricing is a major challenge for India’s insurance industry, according to the new head of Bajaj Allianz General Insurance.
Aviva exiting South Korea and Sri Lanka, reports say
British insurer Aviva is putting its South Korean and Sri Lankan businesses on the auction block, according to reports by Reuters news service and the Chicago Tribune.
Free webinar: The property and casualty market in south east Asia
Post and Insurance Insight in conjunction with the Chartered Insurance Institute recently held a free webinar on the property and casualty insurance markets in south east Asia.
Japan may provide cover for nation's Iran crude tankers
Japan's government may provide cover for tankers bringing in Iranian oil once a European Union ban on insurance takes effect in July, Reuters reported on Wednesday.
Stable outlook for Chinese P&C sector
The outlook for the Chinese property and casualty insurance industry is stable, according to the latest Moody's market update.
Yang Minsheng appointed chairman of China Life
China Life Insurance Group appointed Yang Mingsheng as chairman and executive director at its annual general meeting yesterday.
China banishes red tape for qualified foreign investors
China will work to speed up approvals of qualified foreign institutional investors looking to buy into its domestic securities, as part of reforms to add depth to the country's capital markets, Bloomberg News reported yesterday.
Countdown to ISA: Is the renminbi the new dollar?
As the valuation of the Chinese renminbi has an impact on the global currency markets, Andrew Leung looks at Chinese monetary policy and the Global Reserve Currency System in a global context.
South Korea uncovers major health insurance scam
South Korea's financial regulators have uncovered the country's biggest insurance fraud, involving more than 1,300 people and three hospitals, the China Post reports.
Q&A with RSA's Phil Bulgin
Despite media coverage of Asia's restrictive and sometimes protectionist regulatory regimes, the markets remain appealing to foreign insurers. Philip Bulgin, RSA's head of mergers and acquisitions in emerging markets, spoke to Francesca Nyman about Asian…
Malaysian employers must insure foreign workers
Malaysia's government has promised to take a hard line on employers that flout rules on insuring foreign workers.
China is world's worst for flood risk
China has been ranked as the world's top flood risk zone in a report by Swiss Re, ahead of fellow emerging economies Brazil, Rusia and India, The Taipei Times reported.
JLT responds to market demand with cyber product
JLT Specialty has launched an intangible and cyber exposure service in response to market demand.
Fitch backs Lloyd's emerging markets expansion
The Lloyd's insurance market's planned expansion into emerging markets is a net positive, despite the additional risk carried by writing business outside established markets, Fitch said today.
AIG to divest shares in AIA in September
American International Group will sell its shares in Asian insurer AIA Group after a lock-up period expires in early September, Reuters has reported.
Chinese insurers can invest in unsecured bonds
China has issued rules permitting insurers to invest in higher risk debt as authorities seeks to expand the country's bond market.
MGA Dual continues to expand in Asia with Singapore branch
The Dual Group, the underwriting arm of Hyperion Insurance Group, has unveiled plans to open Dual Singapore in the second half of 2012.
Online video: Commercial property - managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, highlighting flood risk as an issue of major concern for corporates, their brokers and insurers.
Ascot Asia takes on RSA boss as head of property
Ascot Underwriting has appointed Jon Gilliott, RSA Singapore's head of property, reinsurance and speciality, as head of underwriting for its Asian operation.
Q1 claims fall in Cambodia after industrial safety improvements
Claims lodged with Cambodia's six largest insurers declined by more than 90% in the first quarter of 2012, according to Cambodian daily The Phnom Penh Post.
Turkey cracks down on homeowners without quake insurance
Turkey is tightening the rules for mandatory earthquake insurance, making the government decree a law and limiting services to homeowners without protection, according to Hurriyet Daily News.