Asia
Callaghan and Sagar to leave Lockton in Asia
Post understands Lockton's executive chairman, Asia-Pacific Gerry Callaghan is retiring at the end of the year, whilst the CEO of Singapore Manan Sagar has resigned.
Rajan joins Miller from Marsh in marine role
Govinda Rajan has joined Miller's Singapore office in a South-East Asia marine hull business production role.
Ferry sinks off South Korea leaving 280 missing
Nine people have been confirmed dead and at least 280 remain missing after a ferry carrying 459 people capsized and sank off the coast of South Korea on Wednesday morning.
South Korea ferry sinks
A large car and passenger ferry has sunk off the coast of South Korea after it reportedly hit rocks this morning.
Myanmar opens its borders
Myanmar has opened its doors to private insurers for the first time in more than 50 years, with opportunities for foreign players expected to follow next year writes Nicky Burridge.
Profitability under pressure at Chinese insurers, says Towers Watson
Softening rates, increased expenses and loss ratios will see China's insurers profitability come under increasing pressure according to Jenny Lai, consultant, property and casualty insurance, China, Towers Watson.
A$8.4m of losses from cyclone Ita
According to the Insurance Council of Australia, insurers have received 680 claims (by noon on 15 April) in the aftermath of cyclone Ita, with insurance losses estimated at A$8.4m.
Beazley's Lam moving from Hong Kong to Singapore
Beazley's senior specialty lines underwriter Gordon Lam will be moving to the insurer's Singapore office.
Public and insurers prepare for cyclone Ita in Queensland
Cyclone Ita, currently a strong category 3 storm, is expected to make landfall in North Queensland, Australia, on Friday 11 April.
Fosun in HK$5.18bn refinancing
Chinese conglomerate Fosun International, which owns large stakes in several insurance companies, is planning a HK$5.18bn ($668.1m) rights issue to raise capital.
$7bn of insured natural disaster losses in Q1 2014
Insurers had to pay out $7bn in insured losses caused by natural disasters in the first quarter of the year according to catastrophe modeller Impact Forecasting.
Coface signs agreement with Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI) has signed an agreement with trade credit insurer Coface providing reinsurance for Japanese companies trading overseas.
Q+A: Brad Berg, vice president, energy, Asia-Pacific, AIG
Post interviews Singapore-based Brad Berg, head of energy and engineered risks, global property, Asia-Pacific, AIG about energy risks in Asia.
Brunner joins Metlife from American Express in Asia marketing role
Ralph Brunner has joined Metlife from American Express to become the insurer's chief marketing officer for the Asia region.
China to allow more mergers and acquisitions
From 1 June, insurers will be able to acquire insurers operating in the same product line according to the China Insurance Regulatory Commission's website.
Direct Asia eyes home insurance for Thailand
DirectAsia.com which started selling motor insurance in Thailand last September wants to sell other products including home insurance.
Ng joins Miller from China Taiping in Hong Kong
Joe Ng has joined Miller’s team in Hong Kong in a treaty reinsurance business production role.
ICA issues warning over compensation calls
The Insurance Council of Australia is warning consumers to be wary about unsolicited calls in connection with potential motor accident compensation claims.
Gallagher acquires in New Zealand
Arthur J. Gallagher has acquired commercial insurance broker Auckland-based Mike Henry Insurance Brokers.
Markel explores Asian contingency insurance opportunities
Lloyd's insurer Markel International is seeking opportunities to provide event cancellation insurance cover in Asia.
Malaysian GI sector grew 6.4% in 2013
The Malaysian general insurance sector grew gross written premiums 6.4% in 2013 to 16.2bn ringgit ($4.94bn) in 2013.
Guidewire secures Axa Tianping as first customer in China
Chinese motor insurer Axa Tianping (recently renamed) has selected Guidewire ClaimCenter as its new claims management system.
China's property and casualty premiums grew 17% in 2013
According to ratings agency Moody's total Chinese property and casualty premiums increased 17.2% in 2013.
C-Suite: Empowering young Asian professionals
A senior Indonesian insurance broker reflects on how companies in the Asian insurance sector can help attract, retain and develop the best young graduates.