Asia
Reinsurance rates continue to decline: Guy Carpenter
Reinsurance rates across most lines of property catastrophe business around the world continued the decline experienced at January renewals, according to Guy Carpenter in its report the April 1 renewals period.
CII in Korean tie up
The Chartered Insurance Institute has entered into a partnership with the Korean Insurance Institute to extend professionalism within the Korean insurance industry.
HSBC to be operate as MBL as Marsh completes broker deal
Marsh today 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.
Reinsurance country report: India calling
The Indian reinsurance market offers strong opportunities for growth, writes Katherine Blackler
Reinsurance country report: China - Taming the dragon
A strict regime and a fierce response from local insurers have limited international reinsurers success in China - so will the latest developments be another false dawn? Jem Golden reports
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.