Asia, Hong Kong

Peak Re unveils $75mn sidecar Lion Rock Re

2018-12-10T07:24:00+00:00

Hong Kong-headquartered Peak Re has unveiled a $75mn special purpose insurer (SPI) which it describes as Asia’s first-ever sidecar.

Asia, Singapore

AIG swoops on MetLife Japan for Asia Pacific CEO

2018-12-05T08:43:00+00:00

AIG has appointed Sachin Shah CEO of Asia Pacific, AIG General Insurance.

RKH-specialty-Singapore-port

RKH swoops on JLT Re for Asia Pacific marine head

2018-11-29T09:58:00+00:00

RKH Specialty has named Julian Franzman as head of marine cargo, hull and liabilities for Asia Pacific.

AXA logo on building

Axa takes full control of Chinese venture

2018-11-26T17:37:00+00:00

French insurer Axa has to entered into an agreement to acquire the remaining 50 percent that it didn’t already own of Axa Tianping Property & Casualty Insurance Company for Eur584mn.

Allianz-shaghai

Allianz gains regulatory nod for first foreign-controlled Chinese carrier

2018-11-26T09:35:00+00:00

German insurer Allianz has received approval from the Chinese financial regulator to launch an insurance holding company in China.

Fidel-Sanchez-Alayo

Failed NZ insurer CBL now accused of links to South American cartel

2018-11-12T16:17:00+00:00

New Zealand insurer CBL Insurance – whose failure earlier this year led to the knock-on collapse of Danish insurer Alpha - was formally put into liquidation earlier today by the Auckland High Court amidst allegations of hidden insolvency and ties to an alleged international drug smuggling cartel.

Steve hearn ed

London cannot ignore China: Ed's Hearn

2018-11-07T16:27:00+00:00

As London’s market share of premiums in developing nations dwindles the London market cannot afford to ignore the increasing economic power of China or its burgeoning position as an insurance center, the boss of London-headquartered broker Ed Steve Hearn has said.

Typhoon Mangkhut

RMS warns after worst Asian 3Q losses since 2011

2018-10-29T08:01:00+00:00

In the aftermath of the worst quarter for Asian cat reinsurers since 2011, the modelling firm RMS has warned the industry to expect “even more destructive events” from the region in the years ahead.

Japan flood

Reinsurers to push for Japan cat agg rate spike

2018-10-27T22:28:00+01:00

In contrast to other peak zones, cat reinsurers are increasingly confident of significant rate increases for the larger Japanese cat treaties that renew at 1.4.

Hong Kong

TMK to shut down Hong Kong office

2018-10-24T08:31:00+01:00

Tokio Marine Kiln has announced plans to “reorganise” its Asian operations, closing down its Hong Kong office and placing business written out of the hub into run-off over the next six months. 

Lloyds buidling landscape

Lloyd's warns of 'crippling' $160bn insurance gap

2018-10-22T08:09:00+01:00

An estimated $163bn of assets are underinsured in the world today, leaving an exposure gap that poses a “significant threat” to livelihoods and global prosperity, according to new research from Lloyd’s and the Centre for Economics and Business Research (CEBR).

Central-Pacific-hurricane

Perils launches Australia wind forecasting platform

2018-10-22T07:01:00+01:00

Zurich-based catastrophe modelling firm Perils has expanded its wind cat forecasting platform to include Australia.

aig city of london

AIG expects as much as $1.7bn in Q3 catastrophe losses

2018-10-19T08:39:00+01:00

US insurance behemoth American International Group said it expects to report third quarter pre-tax catastrophe losses of as much as $1.5bn to $1.7bn from natural disasters including Hurricane Florence and typhoons Jebi and Trami.

singapore skyline

S&P affirms Asia Capital Re’s rating

2018-10-17T10:12:00+01:00

Ratings agency Standard & Poor’s has reaffirmed the financial strength rating of Asia Capital Reinsurance Group at A- (Strong) with a stable outlook.