Asia
Independent Hong Kong regulator targets Q2 beginning
Hong Kong's Insurance Authority has told Insurance Post that a new regulatory regime for insurance brokers could take until the second quarter of 2019 to implement.
Over 100 bushfires across New South Wales as heat records tumble
New South Wales has seen 120 bushfires over the last few days as temperatures in the state hit record highs over the weekend.
Insured nat cat losses total $39.5bn in 2016 says Willis Re
Global insured natural catastrophe losses totalled $39.5bn (£31.3bn) in 2016, the highest market losses since 2012’s $60bn, according to Willis Re.
Aon revenue falls 2% in 2016
Global broker Aon reported a 2% drop in revenue in its overall 2016 full year results.
Fagen leaves QBE and ICA position
QBE's group chief operations officer Colin Fagen has left the company this week and as a result has relinquished his role as president of the Insurance Council of Australia.
Fairfax has bid accepted for New Zealand's Tower
Canadian group Fairfax Financial has agreed to buy Auckland-based commercial and personal lines insurer Tower for NZ$197m (£113m).
Marketing chief Giles leaves AIA for Chubb
Marcus Giles, who formerly worked at Ace from 1999 to 2010, has left his role as head of direct marketing at AIA to join Chubb.
Profits at Zurich's global GI division improved 182% in 2016
Swiss giant Zurich's global general insurance operating profits climbed 182% last year to $2.44bn (£1.95bn) from $864m in 2015.
Suncorp posts 20% first half insurance profit rise
Brisbane-based financial services group Suncorp saw insurance after tax profit grow strongly in Australia but fall back in New Zealand.
Singapore employee benefits broker links with Fosun for China push
Singapore-based employee benefits firm the CXA Group is linking up with Fosun-owned Shanghai Zhongheng Insurance Brokers.
India eyes investment and IPOs for five insurers
India could launch IPOs for up to five state owned insurers this year.
Rebalancing and building trust in China's economy
As the Year of Rooster starts, it is a good time to reflect on China's evolving economy.
Chow swaps Munich Re for XL Catlin in Hong Kong
Casualty underwriter Stephen Chow has joined XL Catlin in Hong Kong after leaving reinsurance giant Munich Re.
Marsh's Glaser hails 'excellent' 2016 results
Global broker Marsh finished off the year with a flourish to help produce solid revenue and strong profit growth for 2016.
Asia Capital Re expands with Malaysia and takaful purchases
Singapore-headquartered ACR Capital Holdings, owner of Asia Capital Re, has completed the purchase of stakes in two businesses for undisclosed sums.
Chubb sees $4.1bn after-tax profit in 2016
Global giant Chubb's after tax profits were $4.1bn (£3.2bn) last year compared with $2.8bn in 2015.
XL Catlin's CEO McGavick reflects on 'challenging year'
Bermuda-based global insurance giant XL Catlin saw operating profits fall from $706m (£557m) in 2015 to $461m last year as the firm paid out significantly more for nat cat losses.
Kaikoura earthquake claims reach over £500m
Last November's 7.8 magnitude earthquake on South Island has cost insurers over NZ$900m so far (£520m) according to the Insurance Council of New Zealand.
Hill Dickinson and Laracy & Co. to formally merge in Hong Kong
International law firm Hill Dickinson's formal merger with Hong Kong firm Laracy & Co. has been approved by the Law Society of Hong Kong to begin 1 April.
Q&A: Colin Fagen, Insurance Council of Australia
Post interviews Colin Fagen, former group chief operations officer at QBE, who assumed the role as president of the board of the Insurance Council of Australia at the beginning of January.
QBE denies £12.1bn Allianz takeover bid
QBE said there was “no basis” to reports it is in talks on a £12.1bn takeover bid from Allianz.
56% of Indian vehicles have no insurance, says GIC
India's General Insurance Council has compiled data that shows a major underinsurance problem on India's roads.
90% of 2016 nat cat losses in Asia-Pacific uninsured, says Aon Benfield
Aon Benfield has identified over $104bn (£84bn) of uninsured economic losses in Asia-Pacific last year - 27% higher than average.
CIRC clamps down on insurers' equity investments
The China Insurance Regulatory Commission has imposed stricter guidelines for China's investments in non-insurance companies.