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Fitch downgrades China United Property due to reduced likelihood of parent support
August 2 2024
Fitch assigns BBB+ rating, with ultimate parent struggling with asset quality and earnings amid China's property market downturn.
Chris McDermott takes on new role as Head of Marsh Specialty for the Pacific
August 2 2024
McDermott has been with the broker for nearly a decade.
Dai-ichi Frontier Life signs flow reinsurance deal with Talcott Life Re
August 1 2024
Talcott is looking to expand its international business and it recently appointed a former Co-CEO of RGA Japan to ‘cultivate’ relationships with Asia Pac insurers
Ayman Kandil appointed President and CEO of AXA Philippines
August 1 2024
Kandil brings over 25 years of insurance industry experience to his new role, which he will commence in October.
Japan P&I Club receives Outlook upgrade from S&P Global
August 1 2024
Japan P&I exceeded expectations last financial year and S&P expects insurer to continue to strengthen its capital adequacy.
Jim Heng joins Lockton as Head of Partnership & Distribution for People Solutions, Asia
August 1 2024
Heng joins the global independent broker from Bupa Hong Kong.
Lockton appoints Sung Wook Han as Head of Marine for Asia
August 1 2024
Han joins Lockton after 15 years with WTW and has relocated from London to Singapore for the new role.
Insurers have settled 96% of Auckland Anniversary and Cyclone Gabrielle claims: ICNZ
August 1 2024
Approximately 96% of total claims and 85% of claims value have been paid out from New Zealand's 2023 twin catastrophes.
China Life overtakes Ping An as largest Asia-Pacific insurer by market cap
August 1 2024
Japanese insurers saw significant market cap growth despite regulatory scrutiny and scandals over the last 12 months.
US$67bn in H1 nat cat losses significantly higher than ten-year average: Munich Re
July 31 2024
Japan's Noto Peninsula earthquake was costliest nat cat globally, while a landslide in PNG resulted in the largest loss of life.
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