News

China’s insurers to take a hit from elevated risk in trust sector: Fitch Ratings

Risk could affect more financial entities if China's economic recovery slows down and the property sector's distress persists.

Aon announces new head of Greater China

Lu will oversee the integration of Aon's Risk Capital and Human Capital capabilities.

Budget Direct Insurance offers free motor insurance

The promotion can potentially give a reduced premium or a cost-free insurance plan.

Japan’s insurance claims reach Y23.9b end-July – GIAJ

Heavy rainfall at the beginning of the month was noted by the association.

Unrealised losses to fly by top 20 reinsurers: S&P Global

About 25% of the total unrealised losses will reverse by the end of the year.

BMS Group names Tim Hewitt as Head of Japan

Hewitt will oversee inbound-outbound M&A activities in Japan.

Korea P&I Club’s maritime relationships keep strong domestic presence – AM Best

Underwriting performance is also seen to improve in the next few years.

Australian insurers’ ‘cyclical’ profits often affected by uncontrollable entities –  ICA

Rise in inflation and reinsurance costs are driving up expenses for insurers into 2023.

Marsh buys Honan Insurance

The acquisition also covers the 80% majority stake of TA Associates.

Pacific Life Re names Vasan Errakiah as Asia general manager

He will join the insurer’s Asia Executive Committee.

How to succeed in Singapore’s competitive insurance landscape

CEO Raymond Ong shares the recipe for Etiqa Insurance Singapore’s growth and innovation.

Chubb announces country president for Korea segment

Janice (Jae-Kyung) Mo will be succeeding Edward Kopp.

About six of 10 financial leaders expect revenue to jump 10% in three years

64% of consumers trust established banks for insurance purchases.

Hong Kong imposes six-month ban on Chan Ka Hey for fabrication

To deceive the insurer and his employing bank, Hey fabricated a new DDA form with a cut-out of the client’s signature, without consent.