Business type

2024 Regulatory Roadmap: Hong Kong and Indian insurers prepare for change

January 11 2024

Major regulatory changes will be limited in mature Asia Pac insurance markets in 2024 but carriers need to prepare for rules around the use of AI in their businesses

Generali to acquire full ownership of Chinese JV for US$108m

January 11 2024

Generali set to acquire 51% stake in Generali China Insurance from JV partner CNPC Capital, subject to regulatory approval.

marsh-asia-appoint-ceo-and-chief-advisor-for-vietnam

Marsh Vietnam names Bui as CEO and Mouat as Chief Advisor

January 10 2024

Marsh appoints Tri Bui as CEO and Leslie Mouat as Chief Advisor for Marsh McLennan Vietnam.

trio-form-carter-briggs-hurle-after-leaving-sedgwick

Trio form new loss adjuster, Carter Briggs Hurle, following departure from Sedgwick

January 10 2024

Leon Briggs, Gary Hurle, and Jake Carter form new loss adjusting venture with a focus on commercial, liability, construction, and financial losses in the New Zealand and Pacific Island markets.

Singapore insurance body issues new ethical guidelines for intermediaries

January 10 2024

ICCSC releases paper which outlines best practices for GI intermediaries in 'maintaining and elevating standards of integrity.'

chinas-nafr-orders-insurers-to-fortify-cyber-defenses-after-icbc-ransomware-attack-report

China’s NFRA orders insurers to fortify cyber defences after ICBC ransomware attack - report

January 10 2024

China's financial institutions have been directed to conduct comprehensive security overhauls to prevent future breaches.

Insurance impact of Japan's Noto Peninsula earthquake likely to be 'small': Fitch

January 10 2024

Estimated losses are small compared to 2011's Great East Japan Earthquake, with Fitch echoing announcements from Moody's and AM Best that the credit impact on non-life insurers should be manageable.

howden-appoints-alfred-sham-as-interim-ceo-for-hong-kong-as-mark-johnson-departs

Howden appoints Alfred Sham as interim CEO for Hong Kong with Mark Johnson set to depart

January 10 2024

Sham has been with the company since 2013 and will step up as Interim CEO, with Johnson set to move to a major Hong Kong insurer in Spring.

2024 Outlook

January 10 2024

Cyber risks and AI will be in focus for (re)insurers in 2024 as the industry looks forward to 12 months of interest rate and regulatory stability.

reinsurance-capital-returning-to-pre-pandemic-levels-after-strong-rebound-in-2023-am-best

Reinsurance capital returning to pre-pandemic levels following strong rebound in 2023: AM Best

January 9 2024

Hard market, avoidance of major property losses, and gains from higher interest rates contribute to 2023 rebound.

munich-re-flags-asias-insurance-gap-as-doksuri-ranks-second-in-2023-nat-cat-losses

Doksuri second costliest nat cat in 2023 as Munich Re stresses importance of closing Asia's protection gap

January 9 2024

"Storms like Doksuri are likely to become more frequent" says Munich Re's Achim Kassow as reinsurer publishes 2023 NatCat report.

japan-new-year-earthquake-insured-losses-estimated-at-us6-4bn

Verisk: industry property losses from Noto Earthquake may hit US$3.3bn

January 9 2024

Verisk's initial data analysis predicts losses between US$1.8bn and US$3.3bn, which does not account for non-property or indirect losses.

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