Asia
Mondial reports €56m profit for 2009
Mondial Assistance has reported €1.673bn turnover in 2009 (+4.8% or +5.4% at a constant exchange rate) and a return of €56m. Its combined ratio was 95.9 %.
Prudential takeover of AIA given go ahead by FSA
Prudential saved its takeover of AIG’s main Asian unit after reaching an agreement with the UK regulator, the Sunday Times has reported.
Cunningham Lindsey sets up global power group
The loss adjuster announces formation of global initiative to handle major operation loss involving a variety of power related risks.
Guy Carpenter predicts slow pacific cyclone season
Risk management and reinsurance firm Guy Carpenter has predicted a that tropical cyclone activity in the Western North Pacific will be below normal levels for the remainder of the year.
Bowring Marsh names global business development boss
International placement broker Bowring Marsh has named George Jones as its first ever global head of business development.
Willis international arm hit by "weak" UK and Ireland
Willis has reported net income from continuing operations for the first quarter of 2010 was $204m, compared with $192m in the same period a year ago.
India life insurance market grows 25%
According to the Insurance Regulatory and Development Authority in India, life insurers in the country have posted 25% growth in new premium income for the financial year ended 31 March.
Prudential sees Asian listings in May
Prudential has revealed it plans to list in Hong Kong in May, and also announced a secondary listing in Singapore as it prepares to fund its $35.5bn takeover of AIG’s Asian arm, AIA.
Singapore Re in Q1 results jump
Singapore Reinsurance has posted an 80% jump for its first quarter net profit to S$3.6m.
Waterland to buy MetLife Taiwan for $112.5m
Waterland Financial Holdings to pay cash for the Taiwan business of the US life insurer as more insurers exit the country.
Axa reacts as watchdog blocks deal
The Australian Competition and Consumer Commission has today decided to oppose National Australia Bank's proposed acquisition of Axa Asia Pacific Holdings, and not to oppose AMP's proposed acquisition.
CSR - microinsurance: Small wonder
Traditional insurance has typically focused on affluent markets, mainly in Western industrialised countries, but insurers willing to go off the beaten track could find microinsurance a rewarding addition to their business, writes Ana Paula Nacif.
Allianz unveils new heads for Italy and Turkey in shake up
George Sartorel, currently CEO of Allianz Turkey, is poised to become new CEO of Allianz Italia.
Aviva outlines Asian direct motor plan
Aviva has outlined plans for its re-entry Singapore’s general insurance market and stated its intent on rolling out the business in key markets in Asia.
Aviva outlines Asian direct motor plan
Aviva has outlined plans for its re-entry Singapore’s general insurance market and stated its intent on rolling out the business in key markets in Asia.
Aviva seeks Asian GI re-entry
Aviva is to re-enter the Asian general insurance market five years after selling its non-life operations there, the company has confirmed to Reuters.
Aviva seeks Asian GI re-entry
Aviva is to re-enter the Asian general insurance market five years after selling its non-life operations there, the company has confirmed to Reuters.
Scor granted licence to expand China operations
Scor obtains a composite reinsurance license in China, enabling it to add life and health reinsurance services to existing non-life activities
Quake hits Indonesia
An earthquake has struck off the coast of Indonesia, news reports have said, however so far no significant damage has been reporter.
Heart and Seoul
Katherine Blacker talks to Jong-won Park, CEO of Korean Re, about the state of the market, staffing issues and the challenges the industry faces
HSBC deal is completed
Marsh completed its previously agreed acquisition of HSBC Insurance Brokers, a wholly owned subsidiary of HSBC Bank, in the UK and other key markets in Asia and the Middle East on 1 April.
MS Frontier Re acquires Irish sister company
Bermuda-based reinsurer MS Frontier Re (MSFRe) has acquired its Dublin-based sister company Mitsui Sumitomo Reinsurance (MSRe).
Dai-Ichi Life leaps on first day of trading
Dai-ichi Life Insurance leapt 14.3% on its first day of trading as investors rushed to buy into its IPO.
Samsung Life seeks to raise $4.5bn in IPO
Samsung Life Insurance is seeking to raise up to $4.5bn in May in what would be South Korea’s largest initial public offering.