Latest Asia Headlines

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

Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA

Aug 18 2016 // Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting officer.Newman...

Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources

Aug 18 2016 // Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance products through Standard Chartered Plc outlets in Asia, according to...

Allianz Group’s AGCS Names Property, Engineering & Risk Consulting Senior Leaders

Aug 15 2016 // Allianz Global Corporate & Specialty SE (AGCS) has announced senior underwriting appointments in property and engineering as well as risk consulting.Thierry Portevin will take over the role of global head of Property...

ArgoGlobal Buys Renewal Rights to Allied World’s Marine Hull Business in Asia

Aug 15 2016 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced it has acquired the renewal rights for Allied World’s marine hull business in Asia. The transaction completed on August 5.“I am very...

Howell Named Regional CEO of Zurich in Asia Pacific

Aug 11 2016 // Zurich announced the appointment of Jack Howell, (46, U.S. citizen) to the role of regional chief executive officer of Zurich in Asia Pacific, effective Sept. 1, 2016. In his role he will report to Mario Greco, group chief...

Marsh Names South as President, US & Canada Unit; APAC, Middle East Realigned

Jul 25 2016 // Marsh announced that it has appointed Martin South as president, U.S. and Canada division, effective Sept. 1, 2016.South will report to John Doyle, president of Marsh, and will be based in Marsh’s New York office. He...

Malaysian Sovereign Fund Weighs Bid for Insurance Unit of Hong Leong Financial

Jul 19 2016 // Khazanah Nasional Bhd., the $27 billion Malaysian sovereign fund, is weighing a bid for control of the insurance operations of billionaire Quek Leng Chan’s Hong Leong Financial Group Bhd., people with knowledge of...

Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global

Jul 18 2016 // Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at...

BHSI Launches Insurance Products for Directors & Officers in Asia

Jul 13 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) is expanding its executive & professional lines capabilities in Asia with the introduction of Executive First™ Public Offering of Securities Insurance (POSI) and...

Nexus Acquires Beacon, Hong Kong-Based Marine MGA

Jul 6 2016 // Nexus Underwriting Management Ltd. has acquired 100 percent of the shareholding in Hong Kong-domiciled Beacon Underwriters Ltd., a marine managing general agent.Beacon was established in 2009 as a Lloyd’s coverholder...

Allianz Set to Begin $3.3B Asia Property Push over Next 3 Years

Jun 30 2016 // Allianz Real Estate is set to make its biggest Asian investment to date, in a first step toward adding as much 3 billion euros ($3.3 billion) of real estate in the region within three years.The $150 million pan-Asian fund...

Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re

Jun 29 2016 // Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re’s latest sigma...

Zurich Offers Post Cyber Attack Response Service in APAC

Jun 23 2016 // Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks.Offered through Zurich’s partner Crawford &...

AXA Awaits Result of Brexit Vote Before Building London’s Tallest Tower

Jun 21 2016 // AXA SA’s real estate unit is awaiting the outcome of the Brexit referendum before deciding whether to proceed with a plan to build the tallest tower approved in the City of London.“We have not launched the...

BHSI Enters A&H Market in Asia, Brain Named to Lead A&H in Region

Jun 21 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it is entering the accident & health (A&H) market in Asia, and appointed Phillip Brain as head of A&H in the region.Brain comes to BHSI with nearly...

AIR Expands Earthquake, Typhoon Models for Southeast Asia

Jun 20 2016 // Catastrophe risk modeling firm AIR Worldwide (AIR) said it has “significantly expanded” its earthquake and typhoon models for Southeast Asia.The new earthquake model features the ability to account for the...

Craze for Asian Bancassurance Deals Fits Definition of Insanity: Opinion

Jun 20 2016 // Among all financial products, bancassurance perhaps comes closest to fitting Einstein’s theory of insanity: Insurers have been conducting the same sorry experiment again and again, expecting different results.Right...

Zurich to Sell General Insurance Operations in Taiwan to Hotai Motor

Jun 17 2016 // Zurich Insurance will sell its general insurance operations in Taiwan to Hotai Motor Co. Ltd., with the business to become part of the Hotai Group, subject to approvals and conditions from the supervisory regulator.Hotai...

XL Catlin Names Haynes as Senior U/W, International Casualty, Asia

Jun 13 2016 // XL Catlin has appointed Lloyd Haynes as senior underwriter, International Casualty, covering the Asia Pacific market, based in Singapore.Haynes has worked in the insurance industry for more than 10 years. He joins XL...

Nexus Signs 3-Year Capacity Deal with XL Catlin to Write Financial Lines in Asia

May 31 2016 // Nexus Underwriting, the independent specialty managing general agent (MGA), has signed a three year underwriting capacity deal with XL Catlin in Asia through XL Insurance Co. SE.Through its new branch based in Hong Kong,...