Latest Asia Headlines

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

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...

Tokio Marine Kiln Closes Hong Kong Office

Oct 24 2018 // Tokio Marine Kiln (TMK) announced a reorganization of its Asian operations based primarily in Singapore with supporting offices in Hong Kong and Shanghai. TMK will be closing its Hong Kong office with immediate effect and...

Singapore Lender UOB Reviews Non-Life, Life Bancassurance Businesses: Sources

Oct 11 2018 // Singapore lender United Overseas Bank Ltd. is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast Asia witnessed a wave of lucrative distribution deals, people familiar...

AXA Becomes Global Insurance Partner of UK’s Liverpool Football Club

Oct 5 2018 // AXA becomes the “official global insurance partner” for Liverpool Football Club, which is part of the English Premier League.In addition to providing excellent global brand visibility and raising AXA’s...

Admissions Bias Claim Against Harvard Must Go to Bench Trial

Oct 1 2018 // Harvard, the nation’s oldest university, must go to trial to defend a lawsuit claiming it discriminates against Asian-American applicants.A Boston federal judge’s rejection Friday of requests by both sides for...

Toyota Eyes Future When People Don’t Buy Cars, Pushing Ride-Hailing Ties, Insurance

Sep 27 2018 // Toyota Motor Corp., Asia’s biggest carmaker, is preparing for a potential future where people don’t buy cars.That’s behind the hefty investments that the company has made in ride-hailing providers, most...

Singapore’s Changi Airport Tests Terminal Run by Robots, Not Humans

Sep 25 2018 // Imagine landing at a major airport and the only human official you meet on your way through the terminal is a customs officer.Singapore’s Changi Airport, voted the world’s best for the past six years by...

Nexus Buys Malaysia-Based Structured Solutions Specialist Huntington Underwriting

Sep 6 2018 // Independent specialty managing general agent Nexus Group has acquired Huntington Underwriting Ltd. (HUL), a structured solutions underwriting manager operating out of Labuan International Business and Financial Centre,...

Justice Department Supports Case Alleging Harvard Bias in Admissions

Aug 31 2018 // The U.S. Justice Department on Thursday backed a lawsuit accusing Harvard University of discriminating against Asian-American applicants, throwing its support behind a case that could impact the use of race-based college...

Hong Kong’s FWD to Buy HSBC’s Stake in Malaysia Insurance Joint Venture: Sources

Aug 28 2018 // Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings Plc’s stake in a Malaysian insurance joint venture as part of a plan to expand its presence in Asia, three people familiar with the matter said.FWD,...

Chubb Appoints Wong as Country President for Hong Kong, Taiwan & Macau

Aug 21 2018 // Chubb has appointed Stanley Wong as country president for Hong Kong, Taiwan & Macau, effective Oct. 1, 2018. He replaces Doug White, who was appointed to the role of head of the Major Accounts Division for Chubb in...

China’s Online Insurer ZhongAn to Get Investment from SoftBank for Overseas Growth

Aug 20 2018 // ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, which will support the...

Chubb Launches Major Accounts Division in Asia-Pacific Region, Headed by White

Aug 20 2018 // Chubb announced the establishment of a Major Accounts Division in the Asia Pacific region, a dedicated premium service that encompasses underwriting, risk engineering and claims for the region’s large, global and...

China’s Tech-Focused Insurer Ping An May Be Poised for Major Asian Growth Leap

Aug 13 2018 // China’s Ping An Insurance (Group) Co. has 23,000 research staff, 500 big-data scientists and spends billions of dollars a year on R&D. Last year, it attracted 46 million new customers, equivalent to the...

Global Commercial Insurance Prices Rise for 3rd Consecutive Quarter: Marsh

Aug 10 2018 // Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh’s “Global Insurance Market Index.”These average increases were...

Ping An Eyes Bid For Prudential’s Asia Business, in Biggest Outward M&A: Sources

Aug 9 2018 // Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever...

Hong Kong Insurer FWD Group Eyes Singapore Listing

Jul 31 2018 // Hong Kong billionaire Richard Li’s FWD Group is considering listing in Singapore with a dual-class structure, as the insurer moves ahead with its initial public offering preparations, people with knowledge of the...