All the headlines from our Asia Topic Page, ordered by recency.
Jan 4 2010 // A cargo ship and a chemical tanker have both been hijacked by pirates in the perilous waters off the coast of Somalia, bringing to four the number of ships seized in the past week, officials said Saturday.The multiple...
Dec 29 2009 // When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city.After graduating from high school...
Dec 18 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Hong Kong-based NIPPONKOA Insurance Company (Asia) Limited, both with stable...
Dec 17 2009 // National Australia Bank made a surprise trump bid for AXA Asia Pacific Holdings’ Australian and New Zealand units on Thursday, in a cash deal that would value all the target firm at around $12 billion.The bid tops an...
Dec 10 2009 // Aon Risk Services (ARS), the risk management and insurance brokerage business of Aon Corp., announced the appointment of Sandeep Malik as chief executive officer of Asia Aon Risk Services, effective February 1, 2010. He...
Dec 10 2009 // An anlaysis from Allianz Insurance Management Asia Pacific concludes that regional GDP is expected to grow by 6.7 percent in 2010, with Asia contributing “almost 39 percent to next year’s global economic...
Nov 24 2009 // The ACE Group announced the promotion of Howard S. Schrader to Executive Vice President and General Counsel of ACE’s Overseas General operations, responsible for the delivery of all legal services to ACE’s P/C...
Nov 11 2009 // A.M. Best Co. has affirmed the financial strength rating of’ A+’ (Superior) and issuer credit rating of “aa-” of Bermuda-based Tokio Millennium Re Ltd. (TMR), both with stable outlooks. Best noted...
Nov 9 2009 // AXA Asia Pacific rejected a $10.3 billion bid from parent AXA SA and Australian rival AMP Ltd on Monday, an initial hurdle for the French insurer’s bold ambitions to expand in Asia.AXA SA, Europe’s...
Oct 26 2009 // An article on the Lloyd’s of London web site (www.lloyds.com) discusses the success of an “innovative solution” which can make funding available to governments in the aftermath of a natural...
Sep 24 2009 // If the suicide bombers who targeted two luxury hotels in Jakarta this year hoped their attacks would strike a significant long-term blow against Indonesia’s economy, the reaction of financial markets suggests they...
Sep 17 2009 // A. M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Mexico’s Grupo Nacional...
Sep 4 2009 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of French reinsurer SCOR...
Sep 3 2009 // Aon Consulting, the global human capital consulting organization of Aon Corporation, announced that 20-year industry veteran Anand Shankar has joined the firm in the newly created position of Chief Commercial Officer, Asia...
Sep 2 2009 // Marsh and Munich Re have joined forces to launch a new product guarantee insurance solution designed for the expanding solar panel manufacturing sector in Asia, which Marsh described as the “the first of its kind in...
Aug 20 2009 // Zurich Financial Services Group has signed up as one of five exclusive partners of the inaugural Asian Amateur Championship, scheduled to be held at the Mission Hills Golf Club’s World Cup Course in Shenzhen, China,...
Aug 10 2009 // Typhoon Morakot wreaked havoc in Taiwan over the weekend, making landfall late on Friday in Taiwan’s Hualien County with sustained winds of 148 km/h (92 mph).“As of Friday, Morakot had generated only 100 mm (4...
Jul 22 2009 // The UK-based broker Miller Insurance Services Limited announced that it will now be offering facultative reinsurance capability out of its Singapore office following the additions of Nigel Cross and Adam Fuller.Cross joins...
Jul 21 2009 // Some Asia-Pacific nations criticized U.S. and other developed world protectionism on Tuesday at a meeting aimed at spurring a global trade pact and revitalizing the global economy.Thai Commerce Minister Pornthiva Nakasai,...
Jul 16 2009 // In a move, which it described as designed to “strengthen its standing as one of the leading global brokers in Asia,” Willis Group Holdings announced that it has “increased its shareholding in its...