Asia
Entertainment brokers seeks to double size after US tie-up
Stockport-based Doodson Broking Group has signalled its intent to double in size over the next five years after forming a partnership with US broker Crossfields Insurance.
Zurich
Zurich Financial Services Group has appointed Pascal Perritaz as chief financial officer for Asia-Pacific and the Middle East.
Prudential to pay out £20m in bonuses to AIA key staff
Prudential is planning a multi-million pound bonus scheme to lock in executives at AIA, the Asian arm of AIG it is in the process of acquiring.
Sporting events - Terrorist Threat: Sports under scrutiny
With large sporting events such as the Commonwealth Games and the World Cup attracting the threat of terrorist activity in 2010, Edward Murray looks at the concerns insurers have.
Malaysian insurers should consolidate – central bank
The Malaysian central bank governor has said that consolidation amongst insurers in the country is encouraged.
AIA directors to quit ahead of Prudential deal
Two senior executives have said they would leave AIA, the Asian arm of AIG, just weeks after plans were announced to sell the company to Prudential for $35.5bn.
Dai-ichi Life raises $11bn in IPO
Dai-ichi Mutual Life Insurance will raise 1.01trn yen ($11bn) in the Japan’s biggest initial public offering in more than a decade after pricing its stock 9.7% below the top of a planned range.
Allianz hails microinsurance success
Allianz Life Indonesia and Allianz Utama Indonesia (Allianz Indonesia) sold a combined total of 347 000 microinsurance policies in 2009.
Allianz hails microinsurance success
Allianz Life Indonesia and Allianz Utama Indonesia (Allianz Indonesia) sold a combined total of 347 000 microinsurance policies in 2009.
Miller looks to Markel to boost Singapore team
Miller Insurance Services has announced that Paul Cheng has joined its office in Singapore.
Aviva enters Indonesian market
Insurer acquires a 60% stake in PT Asuransi Winterthur Life Indonesia.
Aviva enters Indonesian market
Insurer acquires a 60% stake in PT Asuransi Winterthur Life Indonesia.
London loses insurance crown to Hong Kong
A report placing Hong Kong above London as the world's leading insurance centre has caused consternation among Lloyd's and London market underwriters.
LIU Europe expands into Birmingham
Liberty International Underwriters Europe has expanded its regional operation into Birmingham with the appointment of Dave Canning as regional senior underwriter.
Kennedys
Iain Sharp has joined Kennedys in Singapore as a partner in the maritime & international trade practice.
Outsourcing - India: The evolution of India
India is no longer being treated as a place to just outsource menial functions. Edward Murray reports on the evolution of the market to include core corporate activities.
Hardy sees profits rocket before exchange
Bermuda-domiciled insurer Hardy has reported a steep increase in profit before tax and foreign exchange movements of £26.7m (2008: £4.4m), in contrast to a slight dip in profit before tax of £20.1m (2008: £23.1m). The combined ratio before foreign…
Axa moves to expand Asian GI business
Its Malaysian subsidiary, Axa Affin General Insurance Berhad has received the approval from Bank Negara Malaysia, to acquire 80% of BH Insurance Berhad from Boustead Holdings Berhad and 20% from Felda Marketing Services Sdn Bhd.
AIG to sell non-US life unit to MetLife
AIG’s board of directors approved the sale of the division to MetLife on March 5th, according to newswire Bloomberg.
Prudential may exit some Asian lines after AIA swoop
Prudential may quit some countries in Asia should it seal the buy of AIG’s AIA, sources told newswire Reuters on Friday, allowing the bulked-up insurer to focus on key markets.
Taiwanese earthquake to cost around $1bn, says Eqecat
An earthquake that hit Taiwan earlier this week has caused economic damage of around $1bn, risk modelling firm Eqecat has said.
Broker Focus - International Networks: Rings around the world
Joining an international network can bring huge advantages for a UK-based broker. Rachel Gordon reports on the benefits involved.
Moody’s affirms Prudential’s Aa2 rating
Moody’s has reaffirmed Prudential’s Aa2 financial strength rating following the announcement that it plans to acquire American International Assurance Company.
AIG confirms AIA sale to Prudential
AIG has confirmed the sale of its AIA unit to Prudential for $35.5bn.