All the headlines from our Asia Topic Page, ordered by recency.
Jan 20 2009 // Standard & Poor’s Ratings Services has revised its outlook on the Lloyd’s Syndicate Assessment (LSA) on Advent Underwriting – Syndicate 0780 to stable from positive. S&P also affirmed the...
Jan 9 2009 // The UK’s Chartered Insurance Institute has released its latest Thinkpiece report, the first of a series of six international articles in association with the London-based think tank Chatham House.It concludes that...
Jan 9 2009 // When it comes to corporate fraud scandals, nowhere is safe.Revelations of a $1 billion fraud at Indian IT firm Satyam Computer Services do not point to a higher systemic risk of accounting scandals in India, or even in...
Dec 15 2008 // Aon Corp. announced that Jim Finnamore will join the firm in January as regional director of Aon Environmental Services Group, Asia-Pacific. He will be based in Singapore and will coordinate the delivery of the...
Dec 11 2008 // The CEO of U.S. insurer American International Group (AIG), which is looking to shed assets around the globe as part of a $152 billion U.S. government rescue package, said that difficult markets may delay the sale plans,...
Dec 2 2008 // A.M. best Co. has issued a new study of Asian insurance companies, which concludes that they “are expected to avoid major liquidity problems stemming from the global financial crisis, but investment income will...
Nov 25 2008 // A bulletin on Munich Re’s web site (www.munichre.com) opens as follows: “The financial crisis has sent stock markets plunging around the world and resulted in growing levels of risk aversion. Stringent risk...
Nov 25 2008 // The first Regional CEO Forum for Asia-Pacific held by the International Chamber of Commerce (ICC) in Hong Kong Saturday called for an immediate response to the financial meltdown by unlocking liquidity and getting trade...
Nov 25 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysian Reinsurance Berhad (Malaysian Re), both with stable outlooks....
Nov 24 2008 // China Life Insurance Co, the world’s biggest life insurer by market value, is interested in buying Asian assets of American International Group, a senior China Life manager briefed on the situation said on...
Nov 19 2008 // In high seas and heavy rain, the supertanker Kasagisan was steaming through the Malacca Strait in February when it was suddenly surrounded by six small boats. The crew of the vessel, heading from Saudi Arabia to Japan with...
Nov 18 2008 // Zurich Financial Services Group announced that, effective January 1, 2009, Geoff Riddell, the current CEO of Global Corporate, will assume additional responsibilities overseeing the Group’s operations in the...
Nov 13 2008 // Maurice “Hank” Greenberg, former CEO of American International Group Inc., said he would consider buying AIG’s Asian life insurance operations if the firm were to put this flagship business on the...
Oct 24 2008 // British life insurer Prudential is considering bidding for more than just the Asian operations of American International Group , its chief executive told the Financial Times on Friday.Prudential, the UK’s...
Oct 23 2008 // The current financial crisis will require unprecedented levels of global coordination to resolve it because no country is immune to its effects, European Commission President Jose Manuel Barroso said on Thursday.Speaking...
Oct 17 2008 // India’s Tata Sons has been in talks to buy a stake in AIA, a major Asian unit of American International Group, sources close to the matter said.The U.S. insurance giant has been seeking to sell assets after nearly...
Oct 6 2008 // Washington Attorney General Rob McKenna and five interpreters are planning to help educate Seattle’s Asian communities about fraud prevention.McKenna’s office, the Asian Pacific American Resource Network...
Sep 26 2008 // U.S. congressional leaders will try again on Friday to save a $700 billion Wall Street rescue plan after talks broke down in acrimony against the backdrop of the nation’s biggest-ever bank failure.As negotiations...
Sep 9 2008 // Bermuda-based Endurance Specialty Holdings Ltd. announced several new leadership appointments in its international reinsurance operation servicing non-US clients.Laurent Beauregard has been appointed Senior Account...
Aug 22 2008 // Marsh announced the appointment of Maurice Jeanbart as Chief Financial Officer for Asia, a new role for the region. He will be based in Singapore and report dually to Alan Cheah, CEO Asia and Robert Pietrucha,...