Asia
Aon Benfield enters partnership to boost typhoon research
Aon Benfield has entered into a strategic partnership with Shanghai Typhoon Institute of China Meteorological Administration to boost typhoon research in China and deliver relevant research to the insurance industry.
Overseas focus - China: a market of opportunity?
With an enormous population and low insurance penetration, China should be a market ripe for entering. Jakki May finds out it isn't as simple as it sounds but reveals an appetite for change and growth.
Markel granted China approval
Property and casualty insurance firm Markel has received permission to establish a representative office in Beijing.
Energy insurance prices stagnate as capacity reaches all-time high
Energy insurance prices have stagnated following the massive Tohoku earthquake in March, according to a new report by Willis Group.
Japan tsunami warning lifted
A tsunami warning issues in Japan yesterday after a 7.4 magnitude earthquake struck off the coast of the country was lifted after 90 minutes.
Tsunami fears after latest Japan quake
A tsunami warning has been issued for north-eastern Japan after an earthquake with a magnitude of 7.4 struck off the east coast of Honshu, according to reports.
Litigation fears in wake of NZ quake
The New Zealand earthquakes in September 2010 and February 2011 have left some brokers and insurers at risk of litigation, the chief executive of Cunningham Lindsey's New Zealand operation has warned.
RSA names Hong Kong CEO
RSA has appointed Singapore country manager Chris Colahan as its new Hong Kong chief executive.
Samsung's Europe venture gains A rating
AM Best Europe has assigned a financial strength rating of A (Excellent) and issuer credit rating of ‘a’ to Samsung Fire & Marine Insurance Company of Europe.
Q1 nat-cats to cost Zurich $500m
Zurich has estimated that aggregate claims of approximately US$500m for the five natural disasters to hit the Asia-Pacific region since the beginning of the year.
Thatcham agrees risk rating deal with Thailand GIA
Motor insurance research centre Thatcham has signed a two year contract with the Thailand General Insurance Association to provide vehicle premium risk rating and alternative parts accreditation to the Thai market.
Quake hits Myanmar and Thailand
A shallow 6.8 moment magnitude earthquake has occurred in Myanmar, near the border with Thailand.
Willis consolidates international units
Insurance broker Willis has merged its Asia Pacific and Middle East and Africa units naming Roger Wilkinson as the chairman and chief executive of the new entity.
Ace estimates Japan losses of up to $250m
Insurer Ace has predicted net post tax losses from the Japanese earthquake of between $200m (£124.3m) and $250m.
Japan economic losses “likely to exceed $100bn”
Losses from the earthquake which shook Japan last week could break the $100bn (£62.2bn) barrier, catastrophe modeling firm EQECAT has predicted.
Swiss Re reiterates commitment to Japanese market
Reinsurer Swiss Re has reiterated its commitment to the Japanese insurance market following the earthquake which hit the country last week.
QBE estimates quake exposure at $125m
Insurer QBE has estimated its exposure to the Japanese earthquake to be around $125m (£77.6m).
Chaucer confirms Japan nuclear plant involvement
Chaucer has confirmed it provides cover for Tokyo Electric Power Company, the owner and operator of three nuclear plants affected by the 11 March earthquake and tsunami. However the firm has played down the chances of a significant loss from the…
Japan earthquake insured losses could top $35bn
The insured property losses caused by the devastating earthquake which struck Japan could reach $35bn (£21.7bn), catastrophe modelling firm Air Worldwide has warned.
Lloyd's: Too early to assess Japan losses
Lloyd's has said it is "far too early" to assess the business impact of the natural disasters to hit Japan over the last 24 hours.
Tsnunami hits Japan following earthquake
An 8.9 magnitude earthquake has struck north-east Japan triggering a devastating tsunami.
Dual sets up in NZ with ex-QBE trio
Dual International has expanded its global network with the opening of an office in Auckland, New Zealand.
JLT restructures Japanese offering
Through an equity transfer arrangement, the JLT Group has established JLT Holdings Japan.
Willis makes Middle East appointment
Willis Group Holdings has appointed Atish Suri as a divisional director in Dubai, establishing an “on-the-ground presence” in the region.