Asia
Howden acquires Accette’s Asian operations
Broker Howden has acquired the insurance operations of Accette Insurance Group in Hong Kong, Singapore, Thailand, Malaysia, and the Philippines.
European conditions challenging for JLT
Jardine Lloyd Thompson Group has reported it remains on track to achieve its objectives and deliver year-on-year financial progress.
Hyperion completes acquisition
Howden Broking Group, the broking subsidiary of Hyperion Insurance Group, has completed the acquisition of the insurance operations of Accette Insurance Group in Hong Kong, Singapore, Thailand, Malaysia, and the Philippines.
Now Health introduces currency flexibility for Europe
Private medical insurance provider Now Health International, has introduced a flexible currency facility for customers in Europe, the Americas, Africa and Asia Pacific.
Financial market volatility hits Swiss Re’s core combined ratio
Swiss Re saw the combined ratio for its property and casualty segment increase to 80.8% for the third quarter of 2011 due largely to financial market volatility.
Thai floods: Central Bangkok spared
The worst of the Thailand flooding is over but insurers will have to pay “significantly large business interruption costs”, according to Fitch Ratings.
Thai floods: Insured losses to be "managable", says Fitch
Insured losses from the Thailand floods will be “manageable” at $4.5bn and not trigger widespread solvency problems, or undue financial strain for the country’s non-life insurance players, according to Fitch Ratings
Editor's comment: Maelstroms on multiple fronts
This week has seen maelstroms on multiple fronts. As the devastation and mass fatalities caused by the Turkish earthquake continue to dominate news headlines, the insurance industry is bracing itself for a different bout of turmoil prompted by another…
$3bn Thai flood losses set to escalate as city centre inundation begins
Loss adjusters have told Post there is a “whiff of Katrina” about the Thailand floods, following predictions the disaster could cost more than the estimated $3.3bn (£2.1bn) insured losses.
Broking supplement - Interview Toby Esser: Expansive thinking
Toby Esser talks about striking serious deals, his acquisitive ambitions and plans to penalise paper-lovers
Thai floods: Waters set to overwhelm Bangkok
Loss adjusters are preparing for the complete flooding of Bangkok as waters reach the centre of the city.
Thai flood losses set to escalate - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting…
Two join Towers Watson in Asia
Towers Watson has strengthened its private markets research resources in Asia with the appointment of Richard Tan and Agnes Lee to its Hong Kong office.
Risk modelling - Riots: Out of control
The recent riots across England emphasised the destruction such uprisings can inflict. But why do riots start and can their triggers be predicted and planned for?
In series: Lloyd's & London Market: Staying number one
Tightening regulation and a less advantageous tax regime are making it tough for Lloyd’s to retain its pre-eminence, but is protectionism the greater threat?
Interview - Ann Haugh: Making the right decisions
UK CEO of Zurich Global Corporate Ann Haugh has never been averse to taking risks and reveals her determination to grow the business is as strong as it is strategic.
PMI discount for Hong Kong based customers
Now Health International is offering prospective customers who are resident in Hong Kong the opportunity to reduce their private medical insurance premium by 15% by restricting the type of room they have access to when seeking hospital treatment.
Arab Spring: A little bit of politics
The recent uprisings in the Middle East and North Africa have underlined the narrowness of terrorism policies — but have insureds woken up to the more comprehensive benefits of political violence cover?
Zurich closes MAAB acquisition
Zurich Financial Services Group has completed the acquisition of 100% of the share capital of Malaysian composite insurer Malaysian Assurance Alliance Berhad.
Law firm mergers: Transforming the legal landscape
Insurer demands for scale and scope plus the emergence of Alternative Business Structures are fuelling the fires of law firm consolidation.
Mooted HSBC GI sale a sign of the times
HSBC’s mooted plan to sell its general insurance arm is part of a growing trend of banks “retrenching”, according to an analyst.
AGCS names financial institutions chief
Allianz Global Corporate & Specialty has appointed Sue Yen Leow as head of financial institutions for the UK.
Giggins to spearhead Miller's Asian plans
Martin Giggins has joined Miller’s Hong Kong office to spearhead the development of its financial services business in the Asia region.
Lloyd’s – China: Chasing the Chinese dream
As the world’s second largest economy, China is a tempting opportunity for insurers. Leigh Jackson reports on the key role being played by Lloyd’s, the difficulties in gaining traction and the reality checks on expectations.