Business type

Listed Singapore insurers to start carbon emissions reporting in 2025

October 9 2024

Singapore Exchange mandates Scope 1 and 2 emissions disclosures for insurers by 2025, with Scope 3 implementation delayed.

Kim Soon Chua named CEO of PIAM

October 8 2024

Chua joins the Malaysian general insurance trade association after a five-year stint as Chief Operations Officer at Gibraltar BSN Life.

Australia should see average cyclone season, but severe storms loom large: BOM

October 8 2024

The Australian Bureau of Meteorology forecasts an average number of cyclones for 2024-25, but warmer seas may increase storm severity.

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.

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25 September