Latest Asia Headlines

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

Celent Expands Asian Financial Services Group

Apr 22 2011 // Boston-based financial research and consulting firm Celent, a part of Oliver Wyman and ultimately a division of MarshMac, has announced the expansion of its Asian Financial Services Group, with new offices in Seoul, Hong...

Growth of Clean Tech Industry Delivers New Exposures, Opportunities

Apr 18 2011 // Backed by government policy and growing public support, demand for technology that is both clean and sustainable has increased substantially in the United States, Europe, Asia and other parts of the world over the last...

Growth of Clean Tech Industry Delivers New Exposures, Opportunities

Apr 4 2011 // Backed by government policy and growing public support, demand for technology that is both clean and sustainable has increased substantially in the United States, Europe, Asia and other parts of the world over the last...

AIR Releases New Northwest Asia-Pacific Area Wide Typhoon Model

Mar 31 2011 // Catastrophe modeling firm AIR Worldwide has released an enhanced typhoon model for the Northwest Pacific Basin. AIR said the “model, which was released in Version 12.5 of AIR’s CLASIC/2™ and CATRADER®...

Best Comments on First Asian Based Captive Rating

Mar 24 2011 // A.M. Best Co. announced that it has recently “assigned its first rating to a captive domiciled in Asia, as the global practice of major corporations self insuring through captives shows further signs of establishing...

Wilkinson to Lead Willis’ Realigned International Business

Mar 21 2011 // The International unit of global insurance broker Willis Group Holdings announced that it is aligning its Asia Pacific business with its Middle East and Africa operations under the leadership of Roger Wilkinson as Chairman...

WikiLeaks Cables Show China Regulator Intervened as AIG Crumbled

Mar 11 2011 // U.S. officials believe China’s insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm’s collapse in 2008, according to unpublished diplomatic cables.The...

Chang Named Starr Casualty, Greater China Underwriting Manager

Mar 1 2011 // Hong Kong-based Starr International Company, Inc. has announced the appointment of Irene Chang as Underwriting Manager of Starr Casualty for Greater China.She will lead the effort in developing and promoting all Casualty...

Austen to Head Cooper Gay Singapore Brokerage Operations

Feb 24 2011 // London-based Cooper Gay, the independent wholesale, reinsurance and specialist retail insurance broker, has appointed Jeremy Austen as Head of Broking for its Singapore office.He reports to Asia Pacific Regional Managing...

Insurance Industry Worries about Growing Risks from Climate Change

Jan 19 2011 // Insurers are struggling to assess the risks from climate change, industry officials say, with the floods in Australia and Brazil highlighting the potential losses from greater extremes of weather.Scientists say a warmer...

Marsh Names Blakey to Head Asian Aviation Practice

Jan 18 2011 // Marsh’s London office announced the appointment of Tim Blakey as Regional Head of its Aviation Practice for Asia with immediate effect.He will also join a newly-formed Asia Aviation Executive team, chaired by...

Lloyd’s Ribeiro Beats a Path to the World’s Insurance Door

Jan 18 2011 // As director of international markets for Lloyd’s of London, Jose Ribeiro has a lot of responsibilities. He took a brief time out, as he prepared for a trip to China, to tell the Insurance Journal a little bit about...

Australia Floods Cause ‘Catastrophic Damage’

Jan 5 2011 // Australia’s record floods are causing catastrophic damage to infrastructure in the state of Queensland and have forced 75 percent of its coal mines, which fuel Asia’s steel mills, to grind to a halt,...

U.S. Analyst: China May Be ‘Likely Bright Spot’ in Asia Climate Action

Dec 31 2010 // The outcome of U.N. climate talks in Mexico this month should boost steps in Asia to curb greenhouse gas emissions, with China a likely bright spot in 2011, a senior analyst at a leading U.S. think tank said.The talks...

Carlyle Group Sells $860 Million Stake in China Pacific -Sources

Dec 30 2010 // Carlyle Group has sold a 2.5 percent stake worth around $860 million in China Pacific Insurance (Group) Co Ltd, sources said, helping the buyout fund recoup its investment in what could be one of its best Asian deals to...

Lloyd’s Appoints Chaplin as New Head of Asia Pacific Region

Dec 17 2010 // Lloyd’s has appointed Kent Chaplin as the new head of its Asia Pacific operations based in Singapore, replacing Keith Stern who is now Lloyd’s regional manager for the UK and Ireland.From January 2011, Chaplin...

Ratings Roundup: NIPPONKOA (Asia), Aspen (Notes), Asia Capital

Dec 16 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Hong Kong-based NIPPONKOA Insurance Company (Asia) Limited, both with stable outlooks....

Reinsurance Broker UIB Asia to Use AIR Catastrophe Models

Nov 17 2010 // Boston-based AIR Worldwide announced that UIB Asia Reinsurance Brokers Pte Ltd, a subsidiary of UIB International/UIB Holdings UK Ltd, has licensed AIR’s catastrophe risk management systems.“UIB is an...

Aon Warns Re/insurers of Heightened Rating Agency Scrutiny in Asia

Nov 11 2010 // Aon Benfield announced that it is “advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in Asia and that many companies will have to make substantial investments to...

Report AIG to Sell Asia Real Estate Business to Invesco

Nov 9 2010 // American International Group is expected to sell its Asian real estate business to Invesco Ltd later this month, a source said on Tuesday.The source said AIG’s gross property assets were currently worth around $5...