China Pacific Insurance invests in B3i


Chinese insurer China Pacific Insurance Company (CPIC) has become the latest shareholder in industry blockchain initiative B3i.

Sydney opera house australia 54610

Wickshire becomes first Australian Lloyd’s broker


Sydney-based reinsurance and binder broker, Wickshire Pty Ltd, has been approved as a Lloyd’s of London broker, making it the first intermediary based in Australia to achieve this status.

Taiwan – typhoon Lekima

Typhoon Lekima insured losses will top $850mn: AIR


AIR Worldwide has estimated insured losses in China from this weekend’s Typhoon Lekima will exceed CNY6bn ($854mn).

Anbang Insurance

Anbang to offload $2.4bn Japanese property portfolio: reports


China’s Anbang Insurance Group has reportedly put its entire $2.4bn Japanese property portfolio up for sale as the troubled government-controlled insurer seeks to off-load assets.

Taiwan – typhoon Lekima

Typhoon Lekima expected to make landfall on Saturday


China’s National Meteorological Administration forecasts Typhoon Lekima to make landfall in Zhejiang province, south of Shanghai, on Saturday, before turning north toward the city.

Steve Johnston – Suncorp

Suncorp FY 2019 net profit plummets by 83.5%


Australian Suncorp, one of the country’s largest insurers, booked an after-tax net profit of A$175mn ($117.9mn) for the full year ending 30 June 2019, down from A$1.06bn for the FY 2018, as natural catastrophe costs and increased regulatory costs impacted the bottom line.

David Lim – Ed

Ed hires Brit’s Lim to head Asian marine


Wholesale and specialist broker Ed has hired David Lim as head of marine for the Asia Pacific region, as well as CEO for retail in Singapore.

Markel – Singapore

Markel looks to former Marsh VP Nunn for energy underwriter


Markel has appointed Mark Nunn as an energy underwriter in Singapore, succeeding Tim Foister who returns to the energy team in London after three years in Asia.

Brian Marsh – BPM

BP Marsh takes A$1.47mn stake in Australian agriculture MGA


BP Marsh has become a minority shareholder in Sydney-based Agri Services Company, with a 36 percent stake equivalent to A$1.47mn ($1.03mn).

MS Amlin and Lloyd's – India

MS Amlin exits Lloyd’s India


MS Amlin – a subsidiary of Japanese giant MS & AD – has decided to discontinue its operations on the Lloyd’s India platform one year early, after a “group-wide” structure and performance review.

Jamie Jeffers – Canopius

Canopius takes WTW’s Jeffers for APAC credit & political risk underwriter


Top five Lloyd’s insurer Canopius has named Jamie Jeffers as credit & political risk underwriter in Singapore, as it continues to expand its Asia Pacific footprint.

Christian Stobbs – Markel

Markel’s Stobbs succeeds Cannock as Asia MD


Markel International has named Christian Stobbs as managing director of Asia, replacing Matt Cannock who is leaving the firm after seven years.

Mapfre and China Re

Mapfre and China Re collaborate on Belt and Road project insurance


Spanish (re)insurer Mapfre and Hong Kong-listed carrier China Re have penned an agreement to collaborate on insuring investments related to China’s Belt and Road Initiative (BRI).

Anbang Insurance

Anbang asset disposal underway with Hexie sale


China’s Anbang Insurance Group said its property and casualty arm will sell its entire stake in a health insurance unit as the troubled government-controlled insurer seeks to off-load assets.

Arag and HDI – Sydney

ARAG and HDI launch legal expenses MGA in Australia


German Arag Group has opened an MGA in Sydney, Australia to underwrite legal expense products under delegated authority from HDI Global Specialty SE.

Auckland City – New Zealand

AGCS pulls back Australian and NZ operations as Pacific CEO exits


Allianz Global Corporate Specialty (AGCS) is set to close its operations in New Zealand and cease writing longtail business in Australia from 1 September 2019, with AGCS Pacific CEO Willem Van Wyk stepping down from the top role in the region.

Aon, Oxfam and Etherisc

Aon launches crop insurance blockchain platform for Sri Lankan farmers


Aon has developed a blockchain-based platform that will provide microinsurance policies to paddy field farmers in Sri Lanka, to indemnify them against losing their crops during extreme weather conditions.


China launches Dajia Insurance to take over Anbang


The Chinese government has formed a new insurer called Dajia Insurance Group to takeover the assets and operations of troubled, state-owned Anbang Insurance Group.