Asia
Insurance M&As expected to focus on insurtech
The days of mega-mergers in the insurance industry may be behind us as consolidation activity has dropped significantly from the peaks of 2014 and 2015. The sector is contemplating this change of gear and steadying itself in the face of waves of global…
ICA calls for A$200m disaster mitigation funding as Debbie claims rise
As claims from Cyclone Debbie rise to A$660m (£398m) the Insurance Council of Australia is urging the Australian government to increase disaster mitigation funding.
Kieran Rigby appointed as president of Crawford International
Kieran Rigby has been appointed to president of Crawford international, encompassing the UK, Europe, Asia-Pacific and Latin America.
Paulson to leave AIG's board
Activist shareholder and hedge fund manager John Paulson is set to leave US-headquartered global insurer AIG.
Allianz appoints experienced M&A practitioner in Asia-Pacific
German international insurer Allianz has hired a senior executive in Asia-Pacific from Insurance Australia Group.
XL Catlin promotes for Asia-Pacific leadership role
Global P&C insurer XL Catlin has promoted a senior member of its Australian team.
Vietnam's growing flood threat
A rapidly rising population in the areas most exposed to flood could make losses in Vietnam an imminent problem for the industry.
Chubb makes senior appointments in Asia-Pacific
Global property and casualty insurer Chubb has bolstered its team in Asia-Pacific.
Asia M&A deals surge in Q1
There was a significant number of merger and acquisition transactions over $100m (£80.5m) completed by Asian companies in the first quarter of 2017 according to consultancy and broker Willis Towers Watson.
Suncorp returns to central Christchurch
After working in temporary offices since the Christchurch earthquake in February 2011 Suncorp has returned to the heart of the CBD.
Chairman of China's insurance regulator under investigation
Xiang Junbo, chairman of the China Insurance Regulatory Commission, is under investigation by the Communist party's anti-corruption unit.
This Month in Post: Rates, start-ups and fraud
Spring is in the air and it's a time well-known for cleaning out the old and starting anew. As I continue to unpack boxes and work out where to put all of the fairly useless things I have collected over the decades, the industry has been taking its own…
Ping An invests $1bn a year in technology
Chinese banking and insurance group Ping An is investing around 1% of revenue or $1bn (£800m) a year in technology.
How connectivity can improve our health
By 2020 it is estimated there could be 30 billion connected devices worldwide – more than four devices for every person alive.
Cyclone Debbie moves to New Zealand; IAG estimates A$140m loss
As Cyclone Debbie reached New Zealand, Insurance Australia Group estimated A$140m (£85m) of losses while loss adjuster Crawford is using drones to help.
Interview: John Nelson, Lloyd’s of London
It is the most prestigious chairmanship in UK insurance. But next month, John Nelson will step down after six years in the role of Lloyd’s chairman. He talks to Ryan Hewlett about steering the market through one of its most turbulent periods
Lloyd's celebrates 20th year in Hong Kong
Lloyd's CEO Inga Beale was in Hong Kong to celebrate 20 years of having an office in the Special Administrative Region.
FM Global launches interactive global flood map
FM Global has launched its interactive global flood map for executives and risk managers.
QBE and Proteus to work with Steadfast for marine
Australian broking group Steadfast has signed an agreement with marine underwriting agency Proteus and insurance giant QBE for marine lines.
Businesses and households suffer after Cyclone Debbie
Last week's category 4 Cyclone Debbie has left a trail of destruction meaning thousands of claims for insurers and reinsurers.
Aviva Asia creates Asia regional CEO role
Aviva Asia has appointed the regional executive for Indonesia and Vietnam Randy Lianggara as regional CEO for China, Indonesia and Vietnam.
ICA extends Cyclone Debbie catastrophe declaration to New South Wales
The Insurance Council of Australia has expanded its catastrophe declaration associated with Cyclone Debbie and its aftermath beyond Queensland to northern New South Wales.
Defective products are leading liability loss, says Allianz
Commercial insurer Allianz Global Corporate & Specialty has identified defective products and work as the leading global liability loss by studying the total value of claims over a five year period.
Peak Re's profit hit by 88% in 2016
Hong Kong-headquartered reinsurer Peak Re saw pre-tax profits fall 88% last year to $6.9m (£5.5m) compared with $59.2m in 2015.