Latest Asia Headlines

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

Asia-Pacific SMEs Are Over-Confident About Their Cyber Preparedness: Chubb

Feb 15 2019 // A significant perception gap exists between the cyber awareness and cyber preparedness at small and medium enterprises in some Asia-Pacific countries, according to a Chubb survey titled “Too Small to Fail?”The...

Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree

Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...

Allianz to Enter Vietnam Insurance Market via Joint Venture with IT Firm FPT Group

Jan 24 2019 // Allianz announces its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group – driving long-term success in the market and expanding...

IGI Taps Garrity from Swiss Re as CEO in Malaysia to Lead Asia-Pacific Growth

Jan 24 2019 // International General Insurance Holdings Ltd. (IGI), the Dubai-based speciality re/insurer, has appointed Nick Garrity as chief executive officer of IGI’s Labuan Branch in Malaysia. Garrity will be based in the Kuala...

Guy Carpenter Forms New Division, Makes Post-JLT Merger Leadership Appointments

Jan 17 2019 // Reinsurance broker Guy Carpenter & Co. announced the formation of a new Global Capital Solutions Group as well as a series of leadership appointments that will become effective upon the closing of the acquisition of...

Singapore’s Grab Makes Foray into Insurance with Chubb as Provider: Opinion

Jan 16 2019 // After sending rival Uber Technologies Inc. packing from Singapore and other Southeast Asian markets, homegrown ride-hailing firm Grab Pte. has set itself a stiffer target. It wants to be a regional super-app.Think of it as...

Chubb Names Browne Deputy Regional President, APAC, Division President, SE Asia

Jan 14 2019 // Chubb announced the appointment of Glen Browne as deputy regional president for Asia Pacific and division president, Southeast Asia. In his new role, Browne is responsible for the general management and business results in...

MSIG Hong Kong Appoints Kent as CEO as Reid Retires

Jan 4 2019 // MSIG Hong Kong announced the appointment of Philip Kent to the role of chief executive officer. He succeeds Kenneth J. Reid, who has retired after 26 years with MSIG Hong Kong.Kent most recently served as executive vice...

Cryptocurrency Industry Says Inadequate Insurance Deters Investors

Dec 20 2018 // Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be...

Cryptocurrency Industry Struggles to Buy Insurance, Hindering Growth Goals

Dec 20 2018 // Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be...

Marsh Makes Post-JLT Merger Leadership Appointments

Dec 19 2018 // Global insurance broker Marsh announced the appointments of key leaders for its regional, specialty and placement teams worldwide that will be effective upon closing of the pending acquisition by Marsh’s parent...

Harris to Head Argo International Operations; Hernandez Takes on Strategic Initiatives Role

Dec 18 2018 // Global specialty insurer and reinsurer Argo Group International Holdings, has appointed Matt Harris to be group head of the company’s international insurance operations, including the United Kingdom, Europe, Asia,...

Peak Re Launches Asian Reinsurance Sidecar Deal Using Bermuda Special Purpose Insurer

Dec 10 2018 // Peak Reinsurance Co., the Hong Kong-based reinsurer, announced it has launched Asia’s first sidecar transaction via a new Bermuda-domiciled special purpose insurer, Lion Rock Re Ltd., to provide collateralized...

AIG Appoints MetLife’s Shah as Asia Pacific CEO

Dec 5 2018 // American International Group, Inc. (AIG) has appointed Sachin N Shah as chief executive officer of Asia Pacific, AIG General Insurance. Shah has been chairman, president and CEO of MetLife Japan since 2013 and prior to...

Hong Kong M&As Slump in 2018 with Insurance Sector Deals Hardest Hit

Nov 28 2018 // Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt...

Update: AXA Expects Profits to Be Boosted by Its $15 Billion XL Deal

Nov 28 2018 // AXA, Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in Asia.The French...

Aon Taps Jones from Guy Carpenter as Exec. Chairman, Asia Reinsurance Solutions

Nov 21 2018 // Aon plc has appointed Richard Jones as executive chairman of its Reinsurance Solutions business in Asia. Jones will be responsible for business development and supporting clients across the Asia region. Based in Singapore,...

Standard Club Asia, Ping An to Jointly Offer P&I Cover for China’s Shipowners

Nov 9 2018 // The Standard Club Asia Ltd., managed by Charles Taylor Mutual Management (Asia) Pte Ltd., entered into a cooperation agreement with Ping An Property & Casualty Insurance Co. of China Ltd.Under the terms of the...

QBE Restructures Operations, Creating 3 Global Units; Executive Team Named

Nov 1 2018 // QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business.Following the underwriting remediation in Asia, which is now largely...

RMS Lists Top 10 ‘1-in-100-Year’ Events for Asia Pacific Region

Oct 30 2018 // Without providing dollar estimates of potential damage from the imagined events, RMS set out to identify events beyond replications of events already seen, including “more unusual events that nonetheless have the...