Taipei Office will be spearheaded by Taiwan CEO, Brian Wang, who joined Gallagher in 2022 to oversee the market launch.
In his 2023 policy address, Hong Kong Chief Executive John Lee announced a series of measures that are likely to be impactful on the insurance industry, including the acceleration of a HK$8 bn (US$1.02 bn) drainage improvement project.
With a global economic deceleration looming, Allianz Trade sees India as a key propeller for growth — driven by rising middle class, consumer spending, and buoyant IT exports.
The state-run Korean surety bond and credit insurance provider is set to go public with shares around US$35 each, potentially reaching a market cap of US$2.72bn.
Swiss Re reports a rebound in the Asian trade credit insurance market, despite global penetration rates declining, with a surge of over 10% in demand post-Covid-19 disruptions.
SGI, which is owned by Korea Deposit Insurance Corporation, is set to be the first Korean government-owned company to undergo an IPO since 2010.
The pilot scheme provides increased transparency and shared risk, enabling HKECIC to provide credit insurance to exporters trading with private enterprises in China.