Latest Asia Headlines

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

Hackers Target SE Asian Banks, Revealing Campaign Against SWIFT Network

May 27 2016 // Investigators are examining possible computer breaches at as many as 12 banks linked to SWIFT’s global payments network that have irregularities similar to those in the theft of $81 million from the Bangladesh...

Aspen Announces New CEOs for Insurance & Reinsurance Units as Vitale Retires

May 18 2016 // Bermuda-based Aspen Insurance Holdings Ltd. has appointed new leaders for its insurance and reinsurance segments, in response to the announced retirement of CEO Mario Vitale.Stephen Postlewhite, previously chief executive...

W.R. Berkley Forms Berkley Insurance Asia, Naming Gangadharan CEO, Yip as COO

May 12 2016 // W.R. Berkley Corp. announced the formation of Berkley Insurance Asia. Shasi Gangadharan has been named chief executive officer and Aaron Yip has been appointed chief operating officer. The appointments are effective...

Tokio Marine Kiln Launches General Aviation Consortium on Lloyd’s Asia Platform

May 9 2016 // Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has launched its first General Aviation Consortium on the Lloyd’s Asia platform.The consortium will provide all brokers and buyers...

AIG Selling $1.2 Billion Worth of Shares in China’s PICC P&C: Report

May 2 2016 // American International Group is offering for sale about $1.2 billion worth of shares in China’s PICC Property and Casualty Co. Ltd. (PICC P&C) in a block deal, IFR said on Saturday, citing a term sheet of the...

XL Catlin Names Huang as Asia U/W Manager, War, Terrorism & Political Violence

May 2 2016 // XL Catlin’s insurance operations announced that Carrie Huang has been promoted to the position of Asia underwriting manager for War, Terrorism and Political Violence.Based in Singapore, she will be responsible for...

Willis Capital Markets & Advisory Appoints Lien as Managing Director, Hong Kong

Apr 28 2016 // Willis Towers Watson has appointed Vincent Lien as managing director of Hong Kong for Willis Capital Markets & Advisory (WCMA), the firm’s investment banking business.Reporting to WCMA co-CEOs, Michael Guo and...

PERILS Joins Singapore’s NatCatDAX, Aiming to Close Asia Nat Cat Protection Gap

Apr 28 2016 // PERILS, the Zurich-based independent organization providing industry-wide catastrophe insurance data, announced it has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance, which...

XL Catlin Appoints Guest as Country Manager Singapore – Insurance

Apr 19 2016 // XL Catlin’s insurance segment has appointed David Guest as country manager for Singapore. In this role, he is responsible for the development and growth of XL Catlin’s insurance business in Singapore, in...

OdysseyRe’s Newline Group Announces 2 Executive Appointments in Asia

Apr 15 2016 // Newline Group, part of Odyssey Re Holdings Corp., announced appointments to its leadership team based in Singapore.Rachel Flynn has been named the principal officer for Newline Asia and Susan Chew has been appointed chief...

Chubb Appoints P&C Risk Engineering Leadership Team in Asia Pacific

Mar 28 2016 // Chubb has appointed Darren Cantas its head of Risk Engineering for Property and Casualty in Asia Pacific.He will continue to lead the region’s P&C Risk Engineering Services team, comprising 32 risk engineers...

Why Ridesharing Won’t Hurt Car Sales

Mar 21 2016 // Car sharing usage will significantly increase, particularly in urban areas among young residents, however most consumers will still opt to own their own cars and car sharing will not significantly hurt car sales, according...

Lloyd’s Appoints Garigiparthy as Country Manager for India

Mar 18 2016 // Lloyd’s announced the appointment of Shankar Garigiparthy as country manager for India. In this new role Garigiparthy will be responsible for market development, representing Lloyd’s in discussions with...

Bangladesh Cyber Bank Heist Prompts Scrutiny of Cyber Security Measures

Mar 16 2016 // A printer error first tipped off Bangladesh’s central bank to one of the biggest cyber heists in recent history, according to a complaint filed to police that provided new details on the attempted theft of nearly $1...

XL Catlin Expands Crisis Management Product Suite in UK, Asia Pacific, Germany

Mar 10 2016 // XL Catlin has introduced “Active Assailant” coverage to its crisis management product suite to respond to the threat of physical attack faced by businesses and public service providers.“Active Assailant...

Ironshore Bolsters War & Terrorism Offering in Asia Pacific with Hill Appointment

Mar 9 2016 // Ironshore International announces that James W. Hill has been named underwriting manager of Terrorism, Political Violence and War for the Asia Pacific region.Hill, who joins Ironshore from Willis Ltd., will be based in...

BHSI Launches Asset Management Liability Policy in Asia

Mar 2 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has introduced Professional First™ Asset Management Liability Insurance for mutual funds, alternative funds and asset managers in the Asian market.BHSI describes the...

Zurich Insurance Appoints Marguin as Chief Underwriting Officer, Asia Pacific

Mar 1 2016 // Zurich Insurance has appointed Hervé Marguin as chief underwriting officer (CUO), General Insurance, Asia Pacific, effective immediately.Marguin will report to Stuart A. Spencer, chief executive officer, General...

Chubb Appoints Marine Insurance Executive Team for Asia Pacific Region

Feb 29 2016 // Chubb has appointed for the Asia Pacific region Christine Aldrich as its marine cargo underwriting manager and Callum Clark as marine hull underwriting manager.Both Aldrich and Clark will report to Anthony O’Brien,...

AXA’s 2015 Net Income Rises 12% on Life Insurance Sales in Europe, Asia

Feb 25 2016 // AXA SA, France’s largest insurer, said 2015 profit rose 12 percent, helped by higher life insurance sales in Europe and Asia. The shares rose.Net income climbed to 5.62 billion euros ($6.2 billion) from 5.02 billion...