All the headlines from our Asia Topic Page, ordered by recency.
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...
Apr 29 2020 // Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new underwriters.This follows several years of continuous growth in underwriting...
Apr 28 2020 // Insurance broker Marsh announced key leadership appointments within Marsh JLT Specialty’s Renewable Energy team.Oliver Holme has joined Marsh in the newly created role of UK and U.S. Offshore Wind leader, reporting...
Apr 21 2020 // Specialist insurer Beazley has extended its distribution capabilities in Asia Pacific following the authorization by the Labuan financial regulator of a new service company.The new company, Beazley Labuan Ltd., will...
Apr 8 2020 // Peak Reinsurance Co. Ltd. has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and its subsidiary Lutece Investment Management Ltd., a Bermuda-based insurance linked securities...
Apr 3 2020 // Munich Re Specialty Group (MRSG) has appointed Hui Yun Boo as head of Asia, effective April 3, 2020. Boo will be based in the firm’s Singapore office and will lead Munich Re Syndicate offices throughout the Asia...