Typhoon Gaemi makes landfall in China after wreaking havoc in TaiwanTyphoon Gaemi has made landfall in southeastern China after wreaking havoc across Taiwan and the Philippines earlier this week.
WTW names Torresan to lead M&A practice in APAC within finex divisionWTW has bolstered its regional capabilities with the appointment of Steven Torresan as head of M&A within the financial and executive risks (finex) business for Asia Pacific and Africa.
Price Forbes adds Gallagher’s Calder-Smith to build FL offering in APACPrice Forbes has bolstered its regional capabilities with the appointment of Antonio Calder-Smith to its Singapore unit, The Insurer can reveal.
Agile adds Aon’s Rowan as group risk and compliance officerAustralian MGA Agile Underwriting Services has appointed Matthew Rowan as group risk and compliance officer.
Allianz financial strength rating unchanged by proposed Income deal: FitchAllianz’s insurer financial strength rating of AA is unaffected by the proposed purchase of a majority stake in Singapore's Income Insurance for around $1.6bn, Fitch Ratings director Manuel Arrive has said.
LM Re launches Australia business with Aon’s Mark De La MareLiberty Mutual Reinsurance, part of Liberty Mutual Insurance Group, has named Aon’s Mark De La Mare head of Australia and New Zealand.
Allianz must generate “significantly” higher returns to justify Income purchase price: analystsAllianz will need to prove that it can generate “significantly higher returns” from Singapore’s Income Insurance to justify the S$2.2bn purchase price, according to analysts at KBW.
Chubb picks Howell to succeed Kelaher to lead Australia & NZ GI businessChubb has named Ben Howell as country president of the company's general insurance business in Australia and New Zealand.
MGA Haven Underwriting launches in Australia with MSI capacity backingCommercial insurance-focused MGA start-up Haven Underwriting has launched in Australia with long-term capacity backing from MS&AD’s Mitsui Sumitomo Insurance.
Allianz to buy 51% of Singapore’s Income Insurance for $1.64bnAllianz has unveiled plans to buy a majority stake in Singapore's Income Insurance for around $1.6bn, a deal the German insurance giant said would accelerate its expansion plans in the fast-growing Singaporean market.
Peak Re elevates Menezes to chief risk officerHong Kong-based reinsurer Peak Re has appointed David Menezes as chief risk officer, having served as deputy since September 2022.
Sompo hires AIG’s Zhang to lead consumer lines for APACJapanese insurer Sompo has named AIG’s Bill Zhang as president of consumer lines for Asia Pacific.
Steadfast enters AM Best’s top 20 global brokers ranking alongside AUB and BMSAustralian broker Steadfast Group has appeared in AM Best’s top 20 global insurance brokers ranking for the first time, alongside 2024 newcomers AUB Group and BMS Group.
Mapfre Re continues Asia push with Allegue named Tokyo representative officerSpanish reinsurer Mapfre Re has continued its expansion into the Asia Pacific region with the appointment of Alberto Estévez Allegue as chief representative officer of its representative office in Tokyo.
SME-focused MGA Artisan launches with Liberty backingStart-up commercial lines MGA Artisan Underwriting is set to launch in the Australian market next month after securing long-term capacity from Liberty Specialty Markets.
PCRIC risk pool more than doubles GWP as premium subsidies introducedThe Pacific Catastrophe Risk Insurance Company returned a profit in the 2023 financial year after incurring no claims.
TMK targets Asia Pacific A&H growth with Yang hireTokio Marine Kiln has hired Yixiang Yang as head of accident and health for the Asia Pacific region.
Mapfre Re secures regulatory approval to open Beijing branchSpanish reinsurer Mapfre Re has received approval from the National Financial Regulatory Administration of the People’s Republic of China to open a branch in Beijing.
Suncorp places FY25 reinsurance program with A$350mn maximum event retentionAustralian insurer Suncorp has renewed its FY25 reinsurance program, maintaining a maximum event retention of A$350mn ($235mn) for a first large event and A$250mn for a second large event.
Tysers parent AUB completes Pacific Indemnity swoopTysers owner AUB Group has completed its acquisition of a 70 percent equity stake in Australian financial lines specialist MGA Pacific Indemnity.