Asia
Austbrokers racks up 10.5% rise in 2014 after-tax profits
Sydney-based insurance company Austbrokers has chalked up ninth successive year of double-digit earnings growth with a net profit after tax of A$35.5m (£20m) for 2014 (2013: A$32.1m).
Canopius targets casualty in South Asia with Ace hire
Specialist (re)insurer Canopius has appointed Alan Law as regional casualty underwriter for its Singapore platform.
Reinsurers urged to work with governments to improve disaster resilience
Rising losses in the wake of natural catastrophes is increasing economic instability in many developing and emerging economies, according to a report by Standard & Poor’s.
Great Lakes Australia helps Steadfast buy Calliden
Australia's largest broker network Steadfast is buying Australian managing general agent the Calliden Group for A$105m (£59.1m).
Fosun's insurance assets make modest profits in first half
Chinese conglomerate Fosun's insurance revenues climbed 8,294% over the last year in the first six months of 2014.
Allied World to double Asia book
Allied World's premiums in Asia will more than double when the RSA's Hong Kong and Singapore books are integrated.
China Re and RMS unveil typhoon model
China Re and RMS have produced a model for China typhoon risk including coastal flooding in China and Hong Kong.
Nuclear power shutdown in South Korea after heavy rain
For the first time ever, a nuclear power plant was forced to close in South Korea, after heavy rain.
Allianz hampered by strong euro in Asia-Pacific
Allianz profits and revenues were flat in the first half in Asia-Pacific as the strong euro impacted the German insurer.
Indonesia considering foreign investment allowance reduction
Foreign allowance of 80% ownership under threat in Indonesia.
Mastek UK appoints Khanolkar to lead insurance and financial services
Global enterprise application specialist Mastek UK has appointed Vidyesh Khanolkar as head of insurance and financial services division.
Data and Analytics Asia Q+A: Michael Lamb, CCW
Ahead of the upcoming Insurance Data Analytics Asia 2014 conference in Hong Kong, Postonline interviews a key speaker.
Allied World buys RSA's Hong Kong and Singapore operations
Allied World Assurance has reached an agreement to acquire the Hong Kong and Singapore operations of RSA for approximately $215m (£130m).
Lee joins KPMG China from Towers Watson
Anthony Lee has joined KPMG China to become director of business development, financial services, with a focus on insurance.
China is highly sought after market for reinsurers, says Fitch
According to ratings agency Fitch, foreign reinsurers see Asia as having great growth potential.
50% premium reductions in Australia, says Marsh
An abundance of capacity in the reinsurance market is helping keep renewal rates soft in Australia according to international broker Marsh.
Ankel to leave Allianz Global Corporate & Specialty
Alexander Ankel, Asia chief executive of Allianz Global Corporate & Specialty, is leaving the group to pursue "outside opportunities".
Berkshire Hathaway hires two senior AIG execs in Asia push
Warren Buffett is targeting Asia to expand his insurance unit Berkshire Hathaway Specialty Insurance.
China's State Council encourages insurance reforms
China's State Council is attempting to help modernise the Chinese insurance industry so it has a greater role in society.
Fike leaves Cigna to head Zurich's Malaysia GI team
David Fike, former CEO and general manager in Turkey of a Cigna joint venture with Finansbank, has become president of Zurich's Malaysia general insurance team.
C-Suite: Insure Asia to secure future growth
With Asia becoming more of a key player on the global financial stage, Ageas CEO Bart de Smet asks how insurers can make the most of the opportunities
Thai airline grounded over safety fears
Thailand based City Airways has stopped flying after local authorities refused the airline permission to use its airports over safety concerns.
The risks of China's health premium potential
The Chinese health insurance market is growing strongly as consumers turn to the private sector to fill in the gaps left by inadequate government schemes. Nicky Burridge investigates the barriers of entry for foreign insurers.
Compare the Market fined for misleading advert in Australia
Online aggregator Compare the Market has been forced to withdraw an Australian health insurance advert after it was found to be misleading.