Country: East Asia Page 7 / 215
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- April 14 2025
Marsh Hong Kong promotes Andy Wong to specialty MD, consultancy group leader
He previously held the role of senior vice president, leading the practice of credit specialties and Marsh's consulting service for insurers.
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- April 14 2025
NFRA introduces updated insurance consolidation rules
Companies will have to focus on preventing risks that can spread within the group, separate risks and prevent issues like capital duplication and excessive borrowing.
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- April 14 2025
Insurance claims from South Korea wildfires near 5,000, mostly for crops: report
Insurers have paid out at least US$131,800, while assessing damage for crop-related claims is expected to take time.
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- April 11 2025
Hong Kong Export Credit Insurance Corporation announces measures to counter US tariffs
The corporation will extend free pre-shipment cover for SMEs, provide a 50% discount for other policyholders and reduce premium for emerging markets.
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- April 10 2025
US tariffs may slow premium growth in trade-related P&C lines, raise claim costs: Moody’s
Supply chain disruptions and lower trade volumes could significantly reduce insurance demand for certain lines in Asia like marine cargo and credit.
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- April 10 2025
Allied World hands Ada Lui expanded role as deputy head of Hong Kong branch
Role is in addition to her current position as senior vice president and head of APAC pricing.
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- April 10 2025
Fitch downgrades five Chinese insurers in line with sovereign rating action
The rating action was on export credit insurer Sinosure and China Taiping Insurance and its three subsidiaries.
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- April 10 2025
With wildfires becoming more intense, damaging and frequent, insurers eye new approaches to coverage
Events in South Korea and Japan highlight the rising threat of wildfire risks in areas and nations where they have traditionally been seen as a non-peak peril.
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- April 9 2025
Carrot Insurance considering merger with parent Hanwha amid financial troubles
The digital carrier CEO Moon Hyo-il reportedly told employees that they are reviewing a capital increase and a merger with its parent.
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- April 9 2025
APAC protests, riots in 2024 highest globally: Allianz Commercial
India, Pakistan, South Korea top 10 countries by frequency globally last year, according to a report.
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- April 9 2025
WTW elevates Carlos Ortega as cyber leader for Hong Kong, greater China
Ortega, who was earlier lead for Hong Kong, has held senior roles across Asia and Latin America, focusing on financial and cyber insurance.
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- April 7 2025
Japanese insurers set for excess capital boost to lift overseas expansion: AM Best
Business improvement orders from Japan’s Financial Services Agency expected to accelerate sale of their strategic equity holdings, according to the global rating agency.
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- April 7 2025
Tokio Marine to net US$1.2bn from Mitsubishi share buyback
TMNF plans to tender its entire holding in the conglomerate as part of the Japanese insurer's plan to divest cross-holdings.
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- April 5 2025
CMB Wing Lung Insurance sees growth in marine: AM Best
The rating agency has affirmed A (excellent) rating with a stable outlook to the Hong Kong insurer supported by its very strong balance sheet, strong operating performance and neutral business profile.
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- April 4 2025
Trump’s tariffs on Asia to strain supply chains and regional economies
As markets react negatively, experts warn of potential vulnerabilities, particularly in sectors like specialty insurance and agriculture, highlighting the far-reaching implications of escalating trade tensions.
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- April 3 2025
Prudential names John Cai as Malaysia, Indonesia, Vietnam, and agency CEO
Hong Kong-based Cai's appointment comes as Solmaz Altin, regional CEO for growth markets, health and agency, relocates to Europe.
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- April 3 2025
Berkley deal to add US$272m to Mitsui Sumitomo’s earnings: Fitch
No immediate effect on MSI ratings after Berkley stake buy and the merger with Aioi Nissay merger, the rating agency said.
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- April 1 2025
Gard appoints Akira Arii as senior adviser, Japanese branch representative
Appointment comes ahead of the retirement of Shuichi Yoshida, who has held the position since 2022.
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- April 1 2025
Chubb promotes senior Hong Kong trio
Patrick Wong assumes role of head of global client executive, with Queency Chau and Barry Yu also promoted.
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- April 1 2025
‘Welcome reprieve for buyers’ at 1.4, Japan cat XoL rates down 10-15%: Howden Re
Risk-adjusted rate reductions in Asia Pacific and varied specialty renewal outcomes reflect ‘hard market softening’ at April 1, the broker said in its post-renewal report.
