All the headlines from our Asia Topic Page, ordered by recency.
Oct 9 2020 // Yale University was sued by the U.S. Department of Justice, which claims the Ivy League school illegally discriminates against White and Asian-American applicants in undergraduate admissions by favoring Black and Hispanic...
Sep 29 2020 // Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model.“For a reinsurance MGA to be successful and to have a strong offering, you...
Sep 25 2020 // New York again heads the rankings of the world’s leading global financial centres.The Global Financial Centres Index 28, launched by London think tank Z/Yen Group in partnership with the China Development Institute...
Sep 17 2020 // Specialty insurer Canopius Group has appointed Lisa Davis to the new position of president and chief underwriting officer of Canopius USA, effective October 1.Davis joins Canopius from Sompo America Insurance Services,...
Sep 16 2020 // A federal appeals court on Wednesday will consider whether Harvard University discriminates against Asian-American applicants in a closely-watched case that could impact whether U.S. colleges can use race as a factor in...
Sep 8 2020 // The unloved insurance sector is proving a rich territory for acquirers. Apollo Global Management Inc., Blackstone Group Inc., Carlyle Group, KKR & Co. — the big guns of private equity have been conspicuously active...
Sep 4 2020 // Zurich Insurance Group is launching a new unit to expand digital services platform worldwide. The company has also appointed several new chief executive officers for key regions.The new Global Business Platforms unit will...
Sep 3 2020 // Zurich UK announced that Tim Bailey, who is currently group chief operating officer for EMEA, will take on the role of UK CEO subject to board and regulatory approvals.He will succeed the current UK CEO Tulsi Naidu who...
Aug 17 2020 // Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co’s...
Aug 14 2020 // The U.S. Justice Department on Thursday accused Yale University of illegally discriminating against Asian American and white applicants in its undergraduate admissions process in violation of U.S. civil rights law.The...
Aug 14 2020 // Marsh, the insurance broker and risk adviser, announced the appointment of Scott Leney as risk management leader for both its Asia and Pacific regions.In his new role, Leney will oversee Marsh’s regional risk...
Aug 5 2020 // Oneglobal Broking, the London-based broker, announced the establishment of Oneglobal Group Asia and that its first operating company, Oneglobal Broking Hong Kong Ltd., has received regulatory approval from the insurance...
Aug 4 2020 // Lloyd’s, the specialist insurance and reinsurance market, announced it has promoted Pavlos Spyropoulos to CEO of Lloyd’s Asia and country manager of Singapore, effective July 29, 2020.Spyropoulos has more than...
Aug 3 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has appointed Kapil Palathinkal as head of First Party Lines, Middle East, and Carlos Beltran as head of First Party Lines, Asia, overseeing General Property,...
Jul 1 2020 // Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on restructuring program, designed “to regain profitability and market leadership in the corporate and specialty...
Jun 22 2020 // China suspended poultry imports from a Tyson Foods Inc. plant where hundreds of employees tested positive for Covid-19, stoking concerns over the broader implications for U.S. and global meat exports.All products from the...
Jun 16 2020 // Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with a stable rating outlook.Peak Re’s A3 IFSR reflects its good franchise in...
Jun 5 2020 // Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset management services in the world’s second-largest economy.Discussions for a license to manage its...
Jun 3 2020 // Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can’t...
May 12 2020 // Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance...