Doris Chan promoted to Head of Financial Lines for AIG Hong Kong & Macau
AIG has announced the promotion of Doris Chan to the role of Head of Financial Lines for Hong Kong & Macau. Chan, an experienced professional who has 18 years industry experience, has been with AIG Hong Kong for 12 years. She initially joined the company as Manager of Financial Lines in 2012, before being promoted […]
Regulator focus on digital assets further strains insurance capacity
Despite rising rates, the risks of crypto continue to make traditional players wary.
Vietnam joins ASEAN Compulsory Motor Insurance database
Vietnam has joined the ASEAN Compulsory Motor Insurance (ACMI) system to ensure seamless transit and insurance verification for motor vehicles across ASEAN borders.
Suncorp’s ratings and negative outlook maintained as Fitch watches impact of potential banking sale
FY23 profit increase helps maintain strong ratings in face of weakening combined ratio, rising nat cat concerns, and possible impacts of the banking arm sale.
Nearly 40% of Australian power production at risk from climate change
Australian Climate Risk Index highlights the vulnerability of Australia’s power grid to climate change, with Western Australia and the Northern Territory facing the highest risk.
AM Best confirms ‘Excellent’ ratings of China Re and its subsidiaries
AM Best reaffirms China Re’s ‘A’ ratings with a stable outlook, acknowledging its dominant position, successful Chaucer integration, strategic international growth with Chaucer, and influential government ties.
Malaysia’s MAA Group sells 85% stake in Philippine general insurance subsidiary
Malaysian conglomerate MAA Group divests 85% of MAA General Assurance Philippines to Triple P for approximately US$49.3m.
Oneglobal appoint Joey Lim as Head of Property and Casualty in Singapore
The industry veteran takes the reins of Oneglobal’s corporate team.
Fitch maintains QBE’s financial ratings amid improving COR
Improving underwriting results and turn around in investments see QBE’s IFS and IDR ratings affirmed even in the face of higher nat cat costs and weaker performance in North America.
Drought risk to Asian power producers from strong El Niño: WTW
WTW report outlines a number of potential energy risks for insurers, including El Niño, construction, macro and geopolitical concerns, and cyber.
