Loss aggregator Perils has disclosed its final insured loss estimate of A$1.887bn ($1.46bn) for the January 2020 Australian hailstorms.
HSBC Holdings and Malayan Banking Berhad’s insurance venture are reportedly on the shortlist of potential buyers for French insurer Axa’s Singapore business.
Aon has added Jennifer Law to its Asia Pacific capital advisory unit.
Marine and motor insurtech Concirrus has appointed former Axa XL Asia Pacific marine executives Mike Davies and Oliver Miloschewsky to lead the expansion of its commercial offering into Asia.
Expansive broking group Howden has confirmed the launch of its new Australian retail operation, as revealed by The Insurer last month.
Willis Towers Watson (WTW) has added Shanghai to its global markets P&C hub in a move designed to extend its global placement model across the Asia Pacific region.
MS Amlin has launched a reinsurance sidecar to provide collateralised capacity to support Syndicate 2001’s Asian reinsurance portfolio.
London-headquartered intermediary BMS has launched its broking platform in Singapore, which will serve as the headquarters for its Asian operations.
Zurich Malaysia has appointed Khoo Ai Lin as CEO of Zurich Life Insurance Malaysia.
Allianz Group is pulling out of its insurance joint venture with China Pacific Insurance Co (CPIC), according to reports.
Expansive U.K. broker Howden is once again swooping for former JLT executives as it makes a strategic play to build an Australian business, The Insurer can reveal.
More than ¥87bn ($841mn) of claims payments have now been made in relation to the July 2020 Japanese floods with a further ¥85bn ($822mn) paid out due to Typhoon Haishen, according to the latest data released by the General Insurance Association of Japan (GIAJ).
Carlyle Group-backed Sedgwick has announced new leaders for its operations in Indonesia following Paul Hough’s appointment as Singapore CEO, effective 1 January 2021.
Generali Global Corporate & Commercial (GC&C) has appointed Zaid Alami as head of financial lines underwriting for Asia.
Aon has acquired a 49 percent equity stake in Anviti Insurance Brokers Pvt Ltd, which was set up in 2017 and is led by former Aon executive Jonathan Pipe.
London-listed Aviva is to sell its Vietnamese operation – Aviva Vietnam Life Insurance Company Limited – as the carrier’s strategy of exiting its sub-scale markets in Europe and Asia gathers pace.
Guy Carpenter has announced the appointment of former Gen Re executive Pietro Toffanello as head of Japan.
Carlyle Group-backed Sedgwick has named Paul Hough as its CEO for Singapore as part of an overhaul of its executive management team in the country.
Insurtech firm UnderwriteMe has announced the appointment of Paul Hughes to the newly created role of head of Asia Pacific.