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Asia Pacific

International re/insurers are looking to Asia Pacific markets for growth opportunities

 

Australia’s October flooding caused losses of A$791: Perils

While substantial, losses were lower than similar flooding earlier in the year, loss aggregator says

Australia Losses

Korean Re's coal policy criticised by campaigners

South Korean reinsurer's policy has weaker restrictions than other international reinsurers and does not address reinsurance treaties for ongoing coal operations and allows continued support for some new coal projects

South Korea Climate change

WTW appoints Miller head of crisis management for Apac

The appointment is part of broker's new global line of business formed from the merger of its special contingency risk team and its terror and political violence team 

Asia Pacific Willis Towers Watson

Miller expands Asia marine team

Specialist re/insurance broker appoints Choo in a production and broking role

Asia Pacific Broker

Howden fully acquires Australian broker AlphaXO

International broker acquires full equity stake in marine specialist intermediary as it looks to cement presence in Pacific region

Asia Pacific Broker

Aon Reinsurance Solutions names De Souza Apac president

Australia and New Zealand chief executive promoted following Goodman’s move to lead broker’s UK reinsurance business

Aon Asia Pacific

North and Japan Club set out rate hike plans

Both marine mutuals to seek double-digit boost to premium income at next renewal round

United Kingdom Japan

NSW flood crisis becomes Australia’s most expensive natural disaster

The mayor of Forbes says some people with existing policies have received letters saying they will not be renewed, and others claim insurers are refusing to cover the damages

Australia Property

Ardonagh Group expands in Australia with Envest acquisition

The deal, worth A$482m, includes a national network of broking offices and 10 MGAs

Australia Mergers and Acquisitions

Scor expands South Pacific microinsurance initiative

French reinsurer extends parametric initiative to Tonga following launch in Vanuatu and Fiji 

Fiji Scor

Moody's revises outlook on Hanwha General

Outlook on South Korean insurer changed to stable from negative amid expectations of strong capital support 

South Korea

Markel International expands Hong Kong specialty business

Insurer appoints Fok as specialty lines underwriter and has moved to a bigger office in the city

Hong Kong Markel

AM Best upgrades China Re

Long-term issuer credit rating of China Reinsurance and subsidiaries raised to ‘a+’ (excellent)

China

Chubb cleared to raise stake in China's Huatai

Global insurance giant approved to increase stake in financial service group from 47.3% to 83.2%

China Chubb

Charles Taylor Adjusting opens Vietnam office

Loss adjuster looks to expands natural resources business with new office in Ho Chi Minh

Vietnam Claims Management
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