Latest Asia Headlines

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

Tokio Marine Appoints Hirai as CEO for Asia Region

Jan 3 2022 // Tokio Marine announced the appointment of Masahito Hirai as chief executive officer of Tokio Marine Asia Pte. Ltd. (TMA), its Asia regional headquarters, based in Singapore. He succeeds Noboru Yamagata, who had been...

Lloyd’s Asia Launches Renewable Energy Consortium

Dec 27 2021 // Lloyd’s has launched a new renewable energy consortium, to respond to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy solutions.Developed by the...

Typhoon Rai Leaves Trail of Destruction in Southeast Asia, Killing More Than 200

Dec 20 2021 // Severe weather disruptions hit Malaysia and the Philippines, leaving a trail of destruction among nations most prone to natural disasters.Typhoon Rai, a super typhoon before slamming into the Philippines on Thursday, left...

Generali to Focus on U.S., Asia in New Strategic Growth Plan: Report

Dec 13 2021 // Assicurazioni Generali SpA, Italy’s largest insurer, is preparing to unveil an international-growth strategy to investors this week, according to the Repubblica newspaper.The plan, to be presented by Chief Executive...

Asian Insurer FWD Group Weighs Shifting U.S. IPO to Hong Kong: Reuters

Nov 10 2021 // HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion share sale from the United States to Hong Kong, said two sources with direct knowledge of...

Chubb to Buy Some of Cigna’s Asia-Pacific Businesses for $5.8 Billion

Oct 8 2021 // U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp’s life, accident, and supplemental benefits businesses in Asia Pacific and Turkey for $5.75 billion in cash, both insurers said, marking the latest...

People Moves: Former Willis Re CTO Joins Placement Platform Supercede; Sedgwick Hires Cordingley for Event Response in Australia, Cooper for Asia Biz Development

Aug 20 2021 // Reinsurance Placement Platform Supercede Hires Former Willis Re CTOSupercede, the London-based global reinsurance placement platform, announced the appointment of Aydin Betez, formerly chief technology officer of Willis...

HSBC Buys AXA Singapore for $575M in Push to Fuel Expansion Across Southeast Asia

Aug 16 2021 // HSBC Holdings Plc agreed to buy AXA Singapore for $575 million in a push to build a global wealth hub in Singapore and fuel its expansion across Southeast Asia amid increasing tension in China.The acquisition will give...

Beazley Launches Suite of Life Sciences’ Insurance in Asia Pacific

Aug 4 2021 // Specialist insurer Beazley has launched a suite of covers to protect organizations within Asia Pacific’s rapidly expanding life sciences sector.In an environment in which risk exposures are complex and varied –...

Busier-Than-Normal Cyclone Season Predicted for East Asian Nations

Jun 7 2021 // SINGAPORE – Half of the roughly 20 tropical cyclones expected to form in the western Pacific Ocean through September this year are predicted to hit land in east Asian nations, forecasters said on Friday, making for a...

People Moves: Howden’s Rahmita Price to Ed Asia; 3 Price Forbes Hires; WTW’s Pires to NFP; Tres to Carpenter; PwC’s Eastman to Specialist Risk Group

May 19 2021 // This wrap-up of international People Moves details recent appointments at Ed Broking, Price Forbes, NFP, Guy Carpenter & Co., and Specialist Risk Group (SRG).A summary of these new hires follows here. Ed, the...

Ransomware Attacks Hit AXA’s Asia Units, New Zealand Health Provider

May 19 2021 // BANGKOK (AP) – The Thai affiliate of Paris-based insurance company AXA said Tuesday it is investigating a ransomware attack by Russian-speaking cyber criminals that has affected operations in Thailand, Malaysia, Hong...

Howden’s Data, Digital and Analytics’ Division, HX, Launches in Asia

May 18 2021 // HX, the data, digital and analytics division of Howden Group Holdings, announced it has established HX Asia, which enables it to deploy its data, analytics and technology capabilities directly to clients and carriers in...

Guy Carpenter Launches Asia Pacific Capital Advisory Group

Mar 30 2021 // Guy Carpenter & Co., reinsurance specialist and a unit of Marsh McLennan, announced the launch of its Capital Advisory Group in Asia Pacific, with the appointments of Michael Owen and Hussain Ahmad to lead this new...

AIA Group to Buy Life Insurance Business of Bank of East Asia

Mar 24 2021 // Hong Kong-based insurer AIA Group has entered into an agreement to buy the wholly-owned life insurance unit of Bank of East Asia (BEA) and has signed a 15-year distribution partnership with the lender for a total of about...

Brokerslink Expands Global Network with Brokers in Europe, Asia-Pacific and Africa

Jan 14 2021 // Global broking business, Brokerslink, starts 2021 with the continued the expansion of its global network and the addition of independent broker JDB in North Macedonia.Trading since 2009, JDB is a growing broker with a...

UK-Based BMS Group Launches Asia Broking Operations with M&A Insurance Focus

Jan 5 2021 // BMS Group Ltd., the London-based independent specialist insurance and reinsurance broker, announced the launch of its Asia broking operations, headquartered in Singapore and with proposed operations in Hong Kong, pending...

Aon Launches Asia Pacific Capital Advisory Unit to Assist Re/insurer Clients

Nov 18 2020 // Insurance broker Aon plc has launched an Asia Pacific Capital Advisory unit within Reinsurance Solutions to deliver a holistic approach to capital optimization for re/insurers.The initiative follows Aon’s launch of...

World’s Strongest Storm in 2020 Kills at Least 16 in Philippines

Nov 2 2020 // The world’s strongest storm this year killed at least 16 people in the Philippines, and sent tens of thousands more to evacuation centers, risking coronavirus infection.Nearly 458,000 people were evacuated mostly in...

Sompo International Names New York’s Gundersen Head of Asian Risk Solutions

Oct 29 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Sara Gundersen as executive vice president and Asian Risk Solutions segment leader...