Narrowing of the global protection gap was driven by heavy insured losses in the U.S. where insurance penetration reached 81%, but APAC disasters saw less than 10% of losses covered.
Following its acquisition of UIB, broker plans to set up offices in both Singapore and Dubai, then later in London, according to its chief executive officer.
Willis has appointed Alex Benson as Head of Construction and Natural Resources Claims for Asia, effective from 6 April, the global insurance broker announced in a media release on Monday.
In his new...
Returning to the company, Singh will be based in Singapore and report to Craig Torgius, chief client officer and head of enterprise clients, Asia-Pacific.
