Latest Asia Headlines

All the headlines from our Asia Topic Page, ordered by recency.

Global H1 Insured Natural Disaster Losses 40% Lower than 10-Year Average: Aon

Jul 26 2018 // Global insured losses from natural disasters for the first half were preliminarily estimated at US$21 billion, which is 40 percent lower than the 10-year average of US$35 billion and 19 percent lower than the 18-year...

Extreme Weather in Europe and Asia Sparks Wildfires, Floods

Jul 26 2018 // Extreme weather that’s gripping northern Europe and parts of Asia may persist through early August, prolonging a deadly heatwave that’s parched crops and sparked devastating forest fires.Temperatures have risen...

RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software

Jul 17 2018 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software.The Asia Pacific model suit is being...

Global Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re

Jul 16 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...

Global Insurance Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re

Jul 6 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...

Almost Half of South Asia Vulnerable to Climate ‘Hotspots’: World Bank

Jul 3 2018 // Changes in temperature and rainfall will impact almost half of South Asia in the coming decades, reducing economic growth in one of the world’s poorest regions, the World Bank said.A World Bank report released on...

Generali Expands Stake in India’s Future Group to 49%

Jun 26 2018 // Generali Group announced it has signed an agreement with Future Group to increase its stake in its insurance ventures in India to 49 percent from 25.5 percent.Generali’s presence in India is currently in the form of...

Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance

Jun 20 2018 // By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time...

Cigna Reports System Error Exposed Customer Data in Asia

Jun 4 2018 // Cigna Corp. exposed private information including bank-account details of some customers in Asia due to a system error, the health insurer said.The company told Bloomberg it accidentally sent the information to some...

AXIS Re Reports Organizational Changes, Market Expansion Plans

May 31 2018 // AXIS Re, the reinsurance segment of AXIS Capital Holdings Limited, has announced organizational changes to improve client service and plans to expand product and market capabilities.AXIS Re will now organize around four...

Markel International Names Davies Trade Credit Underwriter in Singapore

Apr 25 2018 // Specialty insurer Markel International has appointed Nicholas Davies as trade credit underwriter and senior risk analyst in Singapore.Davies will focus on developing Markel’s portfolio across the region, in addition...

Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources

Apr 20 2018 // Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said.IAG,...

Chubb Appoints Lee as Head of Bancassurance for Asia Pacific

Apr 16 2018 // Chubb announced the appointment of Jin Lee as the head of Bancassurance for Asia Pacific. In her new role, Lee’s primary responsibility will be to oversee the DBS Bank-Chubb partnership which spans across Singapore,...

HWI International Launches MGA with Asian Focus: NuVu Underwriting Hong Kong

Apr 16 2018 // HWI International Group, the privately owned insurance business, has announced the launch of NuVu Underwriting Hong Kong Ltd., a new managing general agent (MGA) in Hong Kong, headed up by industry veteran Jeremy...

Beazley Appoints Mounier to Head Asia Pacific Operations

Apr 13 2018 // Specialist insurer Beazley has appointed Lucien Mounier to head its Asia Pacific operations. He moves from Paris where, for the past two years, he has been responsible for managing and growing Beazley’s portfolio of...

BHSI Introduces Private Company & Nonprofit Organization Portfolio Cover in Asia

Apr 9 2018 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has introduced Executive First Private Company Portfolio and Executive First Nonprofit Organization Portfolio policies in Asia.“Our Private Company and Nonprofit...

Tokio Marine Kiln Promotes Dugand to Regional Managing Director, Asia

Apr 5 2018 // Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, announced the promotion of Alex Dugand to regional managing director, Asia.Dugand takes up the role with immediate effect and will report to...

AXA Investment Managers Bullish About Europe as Asian Investors’ Interest Grows

Mar 20 2018 // Andrea Rossi doesn’t buy into the story that Europe is a dead end for growth. In fact, he sees luring Asian investors to his continent as one of the key ways AXA Investment Managers will expand in years to come.The...

Ride-Hailing Firm Grab Aims to Be Major Financial Services Player in SE Asia

Mar 15 2018 // After gaining success in ride-hailing, Grab co-founder Anthony Tan is pushing his startup into a new challenge: catering to those under-served by traditional financial institutions in Southeast Asia.Tan, together with...

Chubb to Provide Drivers’ Products for SE Asian Transportation/Fintech Platform Grab

Mar 14 2018 // Grab, the Southeast Asia on-demand transportation and fintech platform, announced a partnership with Chubb to offer insurance solutions for Grab’s drivers.Using the Grab app, drivers will be able to select different...