Asia
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.
Chubb promotes Dmitriev
Nikolay Dmitriev, Chubb's regional managing director for Russia, CIS and Turkey, has been promoted.
Swiss Re granted approval for Mumbai office
Reinsurance giant Swiss Re has been granted a branch license for India and will open up an office in Mumbai at the beginning of February.
Leonardi appointed head of Generali Asia
Former senior Axa employee Roberto Leonardi has been appointed regional officer for Generali Asia’s insurance operations.
Tokio Marine launches self-learning Facebook chatbot for advisors
Tokio Marine Life Insurance Singapore is linking up with its IFAs and agents via an automated chatbot available on Facebook messenger.
Thailand opens up insurers to 100% foreign acquisitions
Foreign insurers can now buy up to 100% of Thai insurers' shares following a decision from the Thailand Finance Minister.
Aviva and Tencent plan Hong Kong digital distribution
Aviva, investment firm Hillhouse Capital and Chinese internet firm Tencent Holdings are combining to offer online life insurance in Hong Kong.
Allianz and Standard Chartered enter Asia GI partnership
Following a competitive tender Allianz and Standard Chartered have agreed a 15 year five country general insurance bancassurance partnership in Asia.
Frontier partners with Taiping for One Belt One Road
Hong Kong-headquartered security company Frontier Services Group has agreed a partnership with Taiping General Insurance.
Piggot replaces retired Reeves at Crawford
Former Gen Re claims manager Geoff Piggot has been named as CEO of Crawford Global Technical Services.
Asia C-suite panel bullish on insurance innovation
Senior executives from some of Asia's largest insurers have shared their vision for insurance innovation at the Asian Financial Forum 2017.
Bharti Axa GI promotes Srinivasan to CEO
Bharti Axa General Insurance has promoted chief commercial and principal officer Sanjeev Srinivasan to CEO and managing director.
Global catastrophe losses rise to highest levels in four years
With insured losses totalling $54bn (£44bn), global natural disasters in 2016 combined to cause the highest economic losses in four years, according to a new report from Aon Benfield.
Klimczak swaps Allianz for XL Catlin in Singapore
Former Allianz Global Corporate Specialty senior marine risk consultant Jarek Klimczak has been appointed marine risk engineer for Asia-Pacific at rival XL Catlin.
Boeing 747 cargo plane crashes enroute from Hong Kong to Istanbul
At least 37 people have been killed after a Turkish cargo plane crashed into a village near the capital of Kyrgyzstan this morning.
Gibraltar Finance meets China captive committee in Beijing
Representatives from Gibraltar Finance attended a new captive committee in Beijing earlier this month.
Lloyd's has grown beyond £240m GWP in China, says Nelson
Lloyd's chairman John Nelson has said the organisation is confident it wrote more than 2bn yuan (£240m) of gross written premium in 2016 - more than double the 790m yuan in 2015.
JBA releases flood model for Vietnam
UK catastrophe modeling firm JBA Risk Management has this month released a multi-peril flood model for Vietnam.
Spencer departs Zurich following Howell appointment
Post understands Stuart Spencer, Zurich's former general insurance Asia-Pacific CEO, left the company on 31 December.
IDT911 re-brands as Cyber Scout amid international expansion
IDT911 has re-branded to Cyber Scout as it looks to expand globally.