Asia
BP Marsh buys 20% of Asia Reinsurance Brokers
Investment firm BP Marsh & Partners has acquired a 20% stake in Singapore-headquartered Asia Reinsurance Brokers for S$2.4m (£1.2m).
Lloyd's aims to bring market together with enhanced Sydney office
Lloyd's has officially opened an office in Sydney designed to bring its market syndicates and participants together.
Insured property damage from deadly Japanese earthquakes could total £2bn, says AIR Worldwide
Insured damage from last week's two Japanese earthquakes could cost insurers up to £2bn estimates catastrophe modeling firm AIR Worldwide.
Ping An buys 48% of major Chinese online car retailer
Ping An has bought 47.7% of the shares of Beijing-based retail car website Autohome from Australia-based Telstra for $1.6bn (£1.1bn).
Sullivan retires as Chubb's Asia-Pacific chairman
Damien Sullivan has retired as Chubb's Asia-Pacific chairman but will remain with the global insurer as an adviser.
Toyota suspends production across Japan following earthquakes
Carmaker giant Toyota has suspended many of its production operations across Japan as a result of a shortage of parts following two deadly earthquakes in the country.
Chubb signs insurance distribution agreement with major Chinese retailer
Global insurer Chubb has signed an undisclosed long term distribution deal with Chinese retailer Suning.
United Nations secretary-general asks for industry's help on climate change
United Nations secretary-general Ban Ki-moon has urged the insurance industry to work with the organisation in a meeting at the UN's headquarters in New York this week.
Shallow earthquake kills nine on Japanese island
A magnitude 6.4 earthquake struck south-west Japan last night killing at least nine people on Kyushu island.
XL Catlin appoints head of insurance strategic client and broker management
XL Catlin has named Philippe Gouraud as its head of strategic client and broker management for its insurance division.
Insurance fraud in Australia rises above A$2bn a year
According to the Insurance Fraud Bureau of Australia, insurance fraud is costing Australians more than A$2bn (£1.1bn) a year.
Beazley hires three for Asia-Pacific marine division
Specialist insurer Beazley has hired three marine underwriters to be based in its Singapore office.
Guest promoted at XL Catlin in Singapore
David Guest, XL Catlin's Asia-Pacific head of crisis management, has been promoted to country manager for the insurer's Singapore operations.
Australia's Honan forms strategic partnership with Malaysia's Hayat
Melbourne-headquartered Honan Insurance Group has made an undisclosed strategic partnership with Kuala Lumpur-based broker the Hayat Group.
Willis Re sees "encouraging signs" as reinsurance renewal rates fall again
Willis Re's latest reinsurance report has identified some encouraging signs for the market despite April reinsurance rates falling for the fourth year in a row.
Lloyd's to apply for Mumbai reinsurance branch
Lloyd's has started talks with the Insurance Regulatory and Development Authority about a reinsurance branch license in Mumbai, India.
Friendsurance secures funding for Australia expansion
Berlin based peer to peer insurance firm Friendsurance has secured $15m (£10.4m) of funding for expansion.
Metlife wins 'too big to fail' court hearing
US life insurance giant Metlife has won a court victory over the US Treasury's decision to classify the insurer as a systemically important financial institution.
40% of Singapore companies to have cyber insurance by 2020, says AIG
The cyber insurance market is forecast to grow 50% in Singapore this year according to AIG Asia-Pacific.
UK still long-term hotspot for shipping incidents
The British Isles, North Sea, English Channel and Bay of Biscay region is the area that has seen the most shipping casualties since 2006, according to Allianz Global Corporate and Specialty, despite total losses in the British Isles being down year-on…
Axa chairman and CEO Henri de Castries to step down
Axa’s long-serving CEO and chairman Henri de Castries will retire and leave the board of directors on 1 September with the role to be split following his departure.
Three senior Asia AIG managers leave as insurer reduces costs
Post understands three senior Asia AIG managers have been made redundant as the insurer looks to reduce costs.
Lai promoted at Generali to Asia chief underwriting officer
Generali Global Corporate and Commercial has appointed Ken Lai as chief underwriting officer Asia, commercial lines.
Broker teams up with Australian Rugby Union for club risk management app
Sydney-based insurance broker Gow Gates has created a rugby club risk management app with the Australian Rugby Union.