Asia
Alibaba-backed Ant targets China's internet market with £120m purchase
Cathay Financial Holdings has agreed to sell a 60% stake in Taiwan-headquartered Cathay Insurance (China) to Alibaba-owned Ant Financial.
Battman to leave Gallagher and join BMS
David Battman, managing director, international business development at Arthur J Gallagher, is to join broker BMS at the start of 2016.
Swiss Re reveals £841bn shortfall in global property cover over past decade
In the past decade the total shortfall in insurance cover for global property risks was $1.3tn (£841bn) with only 30% of losses over that period covered by insurance, Swiss Re research has found.
Claims Awards Asia 2015: the winners
The winners of the Claims Awards Asia 2015 were announced on 10 September at the Regent Hotel, Singapore.
Mitsui confirms £3.47bn Amlin acquisition
Japanese insurer Mitsui Sumitomo Insurance Company has reached an agreement to acquire the entire share capital of London-headquartered Amlin for 670p per share in cash.
Mitsui Sumitomo in talks to buy Amlin
Japan's Mitsui Sumitomo is in talks to buy Lloyd's (re)insurer Amlin according to Nikkei.
Decline in car sales to hurt premium growth in Malaysia, says MII
The Malaysian Insurance Institute is warning that premium growth in Malaysia will slow over the next few years as the appetite for new cars declines.
Analysis: How Asian wellness programmes could protect the bottom line
Asian health insurers are increasingly turning to wellness programmes in a bid to manage rising claims costs writes Nicky Burridge.
Generali appoints Spence as head of Asia M&A
Generali Asia has appointed John Spence as regional head of mergers and acquisitions and strategy.
Zurich's global GI CEO Kerner to step down
Mike Kerner, Zurich's global CEO of general insurance, is leaving the business at the end of 2015 citing personal reasons.
Lloyd's finds £3trn of GDP at risk from disasters around the world
A Lloyd's index has found a total of $4.6trn (£3trn) of projected gross domestic product is at risk from manmade and natural disasters in cities around the world.
Fosun's insurance profits increased 15-fold in first half
Chinese conglomerate Fosun's insurance profits in the first six months of 2015 climbed 1463% to 1.79bn yuan (£182m) compared to the same period last year.
QBE confirms Lingafelter appointment in Asia-Pacific
QBE has confirmed the appointment of Mark Lingafelter, previously managing director and CEO of Chubb in Australia.
Ageas sells Hong Kong division to Chinese private equity firm
Ageas has sold its Hong Kong division to China's largest private equity firm JD Capital for HK$10.7bn (£895m).
Peak Re grows strongly in Europe and the US
Hong Kong-based reinsurer Peak Re is growing strongly in Europe and the US.
Marock defends adjusting business as 'fundamentally sound' despite profit drop
Charles Taylor group CEO David Marock said the company's long-term strategy for its adjusting division will enable it to support its clients once the claims environment returns to a normal level.
Profits up 28% at Charles Taylor as group plots acquisitions
Professional services firm Charles Taylor has reported a 28.1% increase in pre-tax profits to £5.3m (H1 2014: £4.1m) alongside a 21.7% rise in revenue to £69.1m (H1 2014: £56.8m) for the first six months of 2015.
Asia storm surge risk exposure to grow exponentially by 2070, says OECD
Coastal risks are rising in Asia at a rapid rate according to new research.
AM Best warns of limited investment options for insurers
European insurers are well positioned to withstand the current stock market volatility, having made significant changes to their investment portfolios in recent years, according to AM Best.
RMS to develop typhoon model for Taiwan with help of local insurer
Risk management firm RMS is teaming up with MSIG Mingtai Insurance to help develop the RMS Taiwan typhoon model.
ICA claims scrapping state insurance taxes will create A$36bn of extra protection
Research commissioned by the Insurance Council of Australia claims homes and household assets will be protected by a further A$36bn (£16bn) if state stamp duty and taxes on insurance are scrapped.
Steadfast's full year profits climb 68%
Australian broking group and underwriting agency Steadfast posted an after tax profit of A$42.1m (£19m) for the most recent financial year, up 68% over last year's results.
Zurich proposes 550p a share cash offer for RSA
Swiss giant Zurich made a proposal this morning (25 August) to purchase RSA's entire share capital in cash for 550p a share, which RSA's board said it could recommend subject to further negotiations.
Ace promotes Ghaffar to Asia-Pacific distribution role
Ace has promoted Amir Ghaffar to vice president and head of corporate distribution, accident and health, Asia-Pacific.