All the headlines from our Asia Topic Page, ordered by recency.
Mar 5 2014 // Alastair Swift, Global Head of Transportation for Willis Group Holdings, pointed out that Asia continues to benefit from a period of staggering economic growth and seismic demographic shifts. As a result the region could...
Mar 4 2014 // Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance broker, announced a repositioning and rebranding of its marine insurance business in Asia.“Effective from 3rd March 2014, Latitude Brokers...
Feb 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Singapore-based AIG Asia Pacific Insurance Pte. Ltd. (AIG APAC) and its fully-owned...
Feb 21 2014 // The El Nino weather pattern, which can trigger drought in some parts of the world while causing flooding in others, is increasingly likely to return this year, hitting production of key foods such as rice, wheat and...
Feb 19 2014 // Liberty Mutual Insurance Group has announced the company’s entry into Malaysia’s $4.6 billion non-life insurance market with its planned acquisition of Uni.Asia Capital Sdn Bhd’s 68.09 percent stake in...
Feb 18 2014 // Liberty Mutual Insurance Group in Boston announced the company’s entry into Malaysia’s $4.6 billion non-life insurance market with its planned acquisition of a 68.9 percent stake in Uni.Asia General Insurance...
Feb 18 2014 // American International Group Inc. is plotting its entry into Malaysia’s Islamic insurance market, lured by the country’s economic expansion and an industry that has grown more than fivefold in less than a...
Feb 10 2014 // The shipping industry is poised to emerge from its longest downturn in three decades, buoyed by an end to years of overcapacity that have depressed freight rates since the end of a shipping boom in 2008.Dry cargo ships are...
Feb 7 2014 // France’s SCOR Group confirmed that the reinsurer “booked 8 percent gross written premium growth (at constant exchange rates) for the full year 2013, to €4.85 billion [$6.58 billion]. SCOR Global P&C also...
Jan 28 2014 // Xchanging plc, the business process, procurement and technology services provider, announced an expansion of its presence in Singapore, with the opening of a second office “in the heart of the city’s thriving...
Jan 24 2014 // Jardine Lloyd Thompson Group announced that its Asia business has acquired Hong Kong-based Lambert Brothers Holdings Limited (LBH). The bulletin noted that “LBH has been an independent insurance and employee benefits...
Jan 13 2014 // In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent below the 10-year average of $200 billion, but above the average 259 events, according to a...
Jan 9 2014 // Nationale Suisse announced that its new Singapore branch has received a license from the local authorities allowing it to insure risks directly and to offer facultative reinsurance in Singapore and other Asian markets.The...
Jan 9 2014 // Willis Group Holdings announced that it has agreed to acquire Charles Monat Limited, a life insurance solutions adviser to high net worth clients. Willis said: “Charles Monat Limited has placed over US$13 billion in...
Jan 7 2014 // The Catlin Group Limited announced the formation of the Singapore Branch of Catlin Insurance Company Ltd. of Bermuda. Catlin Insurance Company Ltd. (Singapore Branch) writes specialty lines of direct insurance in Singapore...
Dec 24 2013 // A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Hamilton Re,...
Dec 10 2013 // Ministers negotiating the 12-nation Trans-Pacific Partnership trade pact said today they would miss a year-end deadline to complete the deal.“We identified potential landing zones for the majority of key outstanding...
Dec 10 2013 // UK specialist and Lloyd’s broker Miller Insurance Services LLP announced the appointment of Kieran Angelini-Hurll to “help drive the expansion of its non-marine treaty reinsurance offering and international...
Nov 21 2013 // RSA Insurance Group Plc Chief Executive Officer Simon Lee said the insurer has further growth potential in emerging markets and maintains a “robust” capital position, amid speculation it may sell assets.Lee,...
Nov 20 2013 // Allianz SE, Europe’s biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber risks will increase revenue at its industrial insurance unit.“New...