APAC
Canopius names two heads to boost P&C reinsurance services in APAC
Canopius names two heads to boost P&C reinsurance services in APAC
They will lead the expansion of Canopius’ local reinsurance offering.
Asia’s economic loss due to natural catastrophes reached $5.39b: Gallagher Re
This was 7% of the estimated total economic loss of US$77b, globally.
HSBC says split bank would result in ‘erosion of earnings’
The bank responded to the strong statement regarding a break-up plan by Ping An.
Allianz Trade expands excess of loss team in APAC
The company expects businesses to demand more support and protection in 2023.
AIA Group appoints ex-IHH Healthcare CEO as group chief healthcare officer
Kevin Loh was the managing director and CEO of IHH Healthcare Berhad.
P&C insurance must close protection gaps or risk becoming irrelevant: McKinsey & Company
P&Cs in the Asia Pacific stand at only 0.5% of real GDP or half of the global penetration ratio.
Reinsurer Canopius picks David Hoffman as Marine Underwriter
This is in line with the firm’s continued APAC expansion.
Chubb expands marine insurance in the Philippines, Malaysia
Jeanette Cebeda and Owen Poh have been named heads for both markets, respectively.
OONA Insurance announces new President and CEO
The new appointee will take over OONA CEO Jean Israel.
Generali Asia grows net results by 2.3% in 2022
The insurer said it achieved its best operating result last year.
Allianz to operate global commercial insurance business under new model
It will serve the segment as one go-to-market business.
Hannover Re APAC P&C combined ratio plunges to 126.1% in FY2022
APAC P&C fell to a $576.2m loss due to expenditures from the pandemic and disasters.
How micro pensions will help informal workers
Financial experts discuss the value of financial education and digitalisation in encouraging people to save for the future.
Swiss Re secures $700m alternative capital deal with J.P. Morgan
The deal will protect the company from losses and help its pursuit of profitable growth.
Demand for risk insurance in Asia 'steady' in 2023: Marsh
This is due to the expansion of the Asian market’s capacity for warranty and indemnity insurance
Bangladesh introduces new mortality and morbidity indices to life insurers
The new tables will take effect this 1 January 2024
APAC outperforms as global insurance M&A hit 10-year high in 2022
A slowdown in M&A deals in H2 offset some regions' performance.
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