Taipei Office will be spearheaded by Taiwan CEO, Brian Wang, who joined Gallagher in 2022 to oversee the market launch.
Addressing global insurance leaders at the Geneva Association Summit 50, Antonio Huertas stressed the importance of embracing AI responsibly, improving cyber resilience, and an insurance-led approach to facing climate challenges.
Renato De Maria, former insurance broker and director of AIBS, receives permanent ban from the financial services industry following allegations of misappropriating AU$35m (US$29.97m) of client funds.
AU$587m (US$384m) is being invested in the nation's cyber security, with Australia's insurance industry set to benefit thanks to increased awareness and knowledge sharing.
Aon's comprehensive risk survey reveals firms in Asia Pacific prioritise cyber security above other risks such as economic downturn and market volatility, although climate change remains underestimated on their risk radars.
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 to Senior Manager in 2013. Since 2015, Chan has held the title of Assistant Vice President. The latest step up in her career will see her take charge of the Financial Lines division. Cynthia Sze, General Manager for Hong Kong & Macau, has expressed her
WTW report outlines a number of potential energy risks for insurers, including El Niño, construction, macro and geopolitical concerns, and cyber.
McKinsey report highlights opportunities for growth in Asia's P&C insurance market — including digitalisation, the SME sector, adapting to electric vehicle adoption, and evolving climate and cyber risks.