Asia
QBE announces A$1bn share buyback after 2016 profit increase
Australian global giant QBE has seen its share price climb after posting its 2016 group performance today.
Allianz sponsors Asian Champions League
Global general insurer Allianz has signed a four year sponsorship agreement with the Asian Football Confederation for three major cup competitions.
Blog: Seven Asian insurtech start-ups to watch in 2017
Despite the US being seen as the pre-eminent center for insurtech investment, it in no way has the monopoly on all the good ideas.
Former Direct Asia managers launch Singapore insurtech firm with BGL parent
The owner of BGL group has teamed up with the co-founder of Direct Asia to launch a new insurtech start-up in Singapore.
Suncorp buys 11% of New Zealand's Tower following Fairfax bid
Australian giant Suncorp has bought 11% of listed New Zealand general insurer Tower and is offering NZ$219m (£126m) for a full acquisition of the firm.
New Zealand's insurers paid out £1.5bn in Christchurch claims last year
New Zealand's insurers are still paying out huge sums for the devastating earthquakes in Christchurch in 2010 and 2011.
Steadfast's EBITA climbs 11% to A$66.7m
Australian broker group Steadfast saw another six months of strong growth in the first half of the 2017 financial year.
IAG's first half pre-tax profit dips 6.4%
Australian giant IAG saw pre-tax profit fall to A$571m (£351m) in the first half of the 2017 financial year compared with A$610m in H1 2016.
Quarter of insurance CEOs expect to make redundancies over the next 12 months, says PWC
A quarter of insurance CEOs expect their companies to make redundancies in the next 12 months, according to an extensive survey.
Johnson to lead FP Marine as broker joins RKH Specialty
Former CEO of JLT Thailand Mark Johnson is to become CEO of Hyperion-owned specialist marine broker FP Marine starting on 1 March.
Insurance Council of Australia to review Code of Practice
With two Senate general insurance inquiries underway and criticism around the selling of add-ons, the Insurance Council of Australia has launched a review of the General Insurance Code of Practice.
Bruce Carnegie-Brown confirmed as next chairman of Lloyd’s
Bruce Carnegie-Brown is to become the chairman of Lloyd’s of London.
Hailstorm hits Sydney's insurers for A$40m
Over 17,500 claims have been lodged after an intense hailstorm hit Sydney on Saturday 18 February, according to the Insurance Council of Australia.
Lawyers urge caution over Hong Kong bancassurance deals
Changes could be in store for Hong Kong's insurers and banks should the newly-formed Competition Commission find any issues with the bancassurance model.
Dual's Hillier on the opportunities for title insurance providers in India and the US
While they differ in scale, legislation and stage of development, today’s US and Indian title insurance markets have one important commonality: both offer interesting new opportunities for growth.
Hanjin Shipping declared bankrupt
South Korean shipping giant Hanjin Shipping has been declared bankrupt months after creditors lost patience with the debt ridden company.
IAG to open insurtech incubator in Singapore
Australian-headquartered insurer IAG is opening an insurtech hub in Singapore later this year.
Zurich restructures Asia-Pacific commercial business
Swiss global giant Zurich is reorganising its commercial business in Asia-Pacific, headquartered in Hong Kong, following the worldwide decision to integrate its global corporate and commercial divisions.
Allianz's global P&C profit falls 4.2% in 2016; P&C COR improves to 94.3%
German global insurer Allianz finished the year with a strong fourth quarter to meet its profit expectations for 2016 despite weaker investment returns in its P&C business.
Half of insurers to acquire digital assets, says Willis Towers Watson
Global advisory firm Willis Towers Watson is expecting almost half (49%) of global insurers to acquire digital technologies in the next three years.
Lloyd's employees given business hours alcohol ban
Around 1000 employees worldwide at Lloyd's of London will no longer be able to consume alcohol during business hours from Monday to Friday.
AIG suffers $3bn Q4 loss and 241.6% commercial COR
Global insurance giant AIG saw losses widen in Q4 2016 following a $5.6bn (£4.5bn) pre-tax charge to boost its reserves for prior year commercial claims.
Willis Towers Watson reveals 50% profit drop
Global insurance broker and advisory firm Willis Towers Watson has published a 50% decline in net income for the financial year ending 31st December 2016.
New South Wales bushfires to cost insurers at least A$20m
Over 100 bushfires across rural areas of New South Wales in the last few days will cost insurers at least A$20m (£12m) according to the Insurance Council of Australia.