Asia
Macau and China combined motor policies unlikely
The chairman of the Monetary Authority of Macau Anselmo Teng Lin Seng has said single motor policies for cars with dual Macau and Guangdong registration plates are unlikely to gain approval.
QBE rebrands and expands in Philippines
QBE's Philippines majority owned business QBE Seaboard has received its operation license from the Insurance Commissioner’s Office and is expanding its number of branches.
Ace Life appoints Asia-Pacific regional partnership officer
Ace Life, the global life insurance division of Ace Group, has appointed Graeme Pearson as regional chief partnership officer in Asia-Pacific.
Hong Kong's premiums rose 14% in 2013
Total gross premiums of the Hong Kong insurance industry in 2013 were HK$290.7bn ($37.4bn), an increase of 13.9% over 2012 according to provisional statistics from the Office of the Commissioner of Insurance.
Allianz's Mitchell eyes fast China growth
Mark Mitchell, CEO Hong Kong & Greater China, Allianz Global Corporate & Specialty has told Post the international insurer is gaining momentum in China.
Ping An's profit climbs 40%
Chinese insurance and banking group Ping An's profits climbed 40% last year.
Brokers Link targets members in four more Asia countries
International broker group Brokers Link wants to expand its reach to Cambodia, Brunei, Myanmar and Laos to have a presence in all ten ASEAN countries.
Shipping losses down 20% in 2013
Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, dipping below 100 for only the second time in 12 years, according to Allianz Global Corporate & Specialty.
FP Marine buys rival broker in Hong Kong
FP Marine Risks, which is 55% owned by Hyperion, is in advanced negotiations to acquire the assets and staff of Risk Exchange a marine broker also based in Hong Kong.
Thomas named Asia head of claims at Willis
After 11 years Neil Thomas has moved from Willis' energy and property claims team to become head of claims, Asia at the international broker.
International: Asia: Living with disasters
The insurance community is playing an increasingly important role in helping vulnerable communities in Asia adapt to climate change both before and after a disaster.
Zurich to cut 800 jobs globally
Zurich is looking to cut 800 jobs across its global operations as the insurer looks to reduce costs and save $250m annually.
Claims Conference Asia: A CCTV on fraud
Ahead of the Claims Conference Asia 2014 Andrew Tjaardstra, editor, Asia, Post interviews Chris Fordham, managing partner, fraud investigation & dispute services, Asia-Pacific, EY and Jack Jia, director, fraud investigation & dispute services, EY at EY’s…
Allianz's Asia-Pacific arm hit by stronger euro
Allianz's insurance unit across 14 countries in Asia-Pacific saw revenues and profits fall as the euro appreciated against Asian currencies.
Ace integrates claims and underwriting information online
Insurer Ace is integrating its claims and underwriting information on an internet-based system accessible on tablets.
Clyde & Co advises Whittington Group on sale of Direct Asia
International law firm Clyde & Co advised investment firm Whittington Group on the sale of Direct Asia to Hiscox.
JLT gains from employee benefits in Asia
JLT recorded a 45% increase in its employee benefits business revenues in Asia last year, of which 38% was organic.
Aviva Asia CEO hails strong growth
Aviva Asia delivered an increase of 52% in operating profit to £97m ($152m) over the course of 2013.
China regulator warns insurers on reputational risk
The China Insurance Regulatory Commission has issued a directive that insurers need to include reputational risk management in their risk management framework.
Claims Conference Asia Q+A: James Curbeam, Las Vegas Sands
Ahead of the Claims Conference Asia on 20 March in Hong Kong Post interview James Curbeam, director of global claims and administration, Las Vegas Sands.
Rajah & Tann hire 14 from Hunton & Williams in Bangkok
Singapore-based law firm Rajah & Tann has hired 14 lawyers from US-based law firm Hunton & Williams in Bangkok.
Bryant touted as Lloyd's Hong Kong frontrunner after leaving Zurich
Dylan Bryant is being touted as the frontrunner to become Lloyd's general representative in Hong Kong after leaving his role as regional head of IPZ customer, distribution and marketing, Asia-Pacific, Zurich.
Buffett not changing plans for climate change
Key insurance investor Warren Buffett does not see climate change as a differentiating factor when reserving.
Hiscox's move into direct general motor generates Asia platform
Hiscox is to use DirectAsia as a platform for growth in Asia as it moves into the direct general motor space after traditionally underwriting in the high end motor market.