Asia
Ace hires head of marine insurance for Asia-Pacific
Ace Group has appointed Anthony O’Brien as its head of marine insurance, Asia-Pacific.
Floods in Indonesia cause havoc
Over the last two weeks, floods and landslides have continued in Indonesia including the capital Jakarta, Java, Sumatra, Sulawesi and the Kalimantan Islands.
Three way battle for ASEAN regional hub, says Clyde & Co
Law firm Clyde & Co believes Singapore will increasingly become the 'destination of choice' to access the ASEAN insurance community.
Interglobal bolsters Asia team
International health insurer Interglobal has appointed a head of sales for the Singapore market and created a development manager role for other Asian markets including Malaysia, Sri Lanka and the Philippines.
Mered appointed chief claims officer at Zurich
Zurich has appointed Saad Mered to the position of chief claims officer for its general insurance business.
EY identifies 'rapid-growth' markets for insurers
According to EY's latest report, China, Mexico, Indonesia, Thailand and Columbia will provide insurers with long-term growth opportunities.
China's insurers double profits
In 2013, China's insurers more than doubled profits last year to 99.1bn yuan ($16.4bn). Total profits grew by 112.5%, according to the China Insurance Regulatory Commission.
Regulation: Hong Kong's challenge
Hong Kong’s insurance industry is facing a period of regulatory upheaval as the government looks to place the city on a level playing field with other financial centres around the world writes Nicky Burridge.
AIG eyes 20% growth in Malaysian travel insurance market
AIG Malaysia is expecting to see a 20% growth in travel insurance each year.
No casualties reported from New Zealand earthquake
There have been no reported casualties from a 6.3 magnitude earthquake that hit New Zealand's North Island yesterday afternoon.
Insurance boost for Iran oil buyers
European Union insurers can now offer protection on Iranian oil exports after sanctions were relaxed yesterday as part of the joint agreement between a group of six nations and Iran.
Euler Hermes achieves AA- Chinese credit rating
Euler Hermes has become the first European insurer to be rated by Chinese credit rating agency Dagong.
Hyperion records positive growth but rules out IPO in short-term
Hyperion Insurance Group today reported a 51% increase in revenue for the year ended 30 September 2013 as group chief executive David Howden said an IPO is still firmly on the company’s agenda.
Markel strengthens in Singapore
Markel International has promoted Li Shengnan to head the offshore energy team in Singapore and appointed Kelvin Lee as assistant manager, finance and operations.
Bangkok rocked by explosions
Political turmoil in Thailand's capital continued over the weekend when 28 people were injured after two explosions at an opposition rally.
China tightens bancassurance rules
The China Banking Regulatory Commission and China Insurance Regulatory Commission are introducing more rules to help protect consumers for when banks sell them insurance products.
Aviva teams up with Astra to sell life products
Astra International, a large publicly listed Indonesian conglomerate and Aviva, has signed an agreement to form Astra Aviva Life, a 50-50 joint venture to sell and distribute life insurance products in Indonesia.
Hong Kong 'could become reinsurance centre'
Speaking at this week's Asian Financial Forum, China Investment Corporation (Hong Kong) chairman Laurence Lau Juen-yee said Hong Kong could develop into a reinsurance hub by utilising the large capital pool of the mainland.
Floods and landslides hit the Philippines and Indonesia
Over 30 people have died and tens of thousands of people have been displaced in the Philippines and Indonesia following torrential rain causing floods and landslides.
JLT eyes more acquistions in Hong Kong
Following the broker's acquisition of Lambert Brothers, JLT's acquisitive nature could lead to more acquisitions in the SAR according to its Hong Kong managing director.
Cunningham Lindsey opens Chiang Mai office
Loss adjuster Cunningham Lindsey has opened its fourth office in Thailand situated in Chiang Mai.
Sales of cyber-insurance climbed 30% in 2013 at AIG
AIG saw a 30% rise in sales last year compared to 2012 of the specialist insurance that protects companies from data breaches and cyber attacks.
Euler Hermes establishes Singapore single risk team
Trade credit insurer Euler Hermes has established a single risk and political risk insurance team based in Singapore aimed at larger bespoke projects.
Perth bushfires to cost at least A$13m
Insurance assessors have started reviewing claims in bushfire-affected communities in the Perth Hills following bushfires that have destroyed or damaged many homes, businesses and vehicles.