Non-life

Typhoon Yagi causes over US$3bn in economic losses in Vietnam

October 8 2024

Estimates suggest that the typhoon’s destruction could lower the country’s GDP growth by 0.15% this year, with agriculture hit particularly hard.

mnk-group-launches-labuan-based-reinsurer-pt-mekong-re

MNK Group launches Labuan-based reinsurer Mekong Re

October 8 2024

MNK Group looks to tap new specialty opportunities in Asia Pacific with Rajguru K appointed CEO of new reinsurer.

HK Insurance Authority warns of rising cyber threat

October 8 2024

Cyber insurance penetration in Hong Kong is half the level of Singapore as a percentage of GDP.

s-and-p-global-withdraws-ratings-of-iag-re-labuan-and-iag-re-singapore-at-companies-request

S&P Global withdraws ratings of IAG Re Labuan and IAG Re Singapore at companies’ request

October 7 2024

Prior to the withdrawal, the outlook for both ratings was stable.

Aviva Investors appoints new Asia Pac CEO

October 7 2024

Sandra Cheng has moved from Columbia Threadneedle to take up the position at the UK headquartered firm.

joyce-cheong-named-head-of-claims-people-amp-asset-risk-for-qbe-insurance-singapore

Joyce Cheong promoted to Head of Claims, People & Asset Risk for QBE Singapore

October 7 2024

Cheong has been with the company since 2022, most recently as Claims Manager for Accident & Health and Motor.

Room to expand Hong Kong shipping insurance sector - report

October 7 2024

CY Leung, Former HK CEO, tells SCMP an increased focus on shipping services—like insurance—are needed in order to increase the attractiveness of the city’s port.

Typhoon Krathon inflicts widespread damage on Taiwan and the Philippines

October 7 2024

Agricultural sector suffers huge losses as a result of the typhoon.

AA Insurance New Zealand fined NZ$6.175m due to discount failures

October 7 2024

New Zealand's High Court fines insurer NZ$6.175m (US$3.8m) for failing to apply discounts and bonuses, leading to overcharges.

Gallagher India announces series of leadership appointments, including Ajit Singh Horra as MD

October 4 2024

New appointments also include Puneet Gehani as CBO, Hari Kamath as CFO, Dev Bhutani as Head of Strategy & Client Management, and Saurabh Gupta as Head of North Region.

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