Hong Kong’s insurance sector has introduced fast-track measures while pledging more than HK$100m (US$13m) to support those affected by the Wang Fuk Court fire.
AUB Group said its board viewed the A$45 per share offer as fair but confirmed talks ended after PE firms declined to make a binding offer at the proposed valuation.
Insurer says it paid out HK$347.98m (US$44.7m) in claims in 2024, with Employees’ Compensation and Marine segments both reaching a 100% settlement ratio.
Qiu will maintain her current role while taking on expanded responsibilities as CEO, Global High-Net-Worth and Chief Partnership Distribution Officer, Asia
Insurers in Asia-Pacific are increasing their use of risk-mitigation incentives and advanced analytics as natural catastrophe losses rise across the region.
Mackinnon is set to join the business in H1 2026, pending regulatory approval, following his tenure as Lloyd’s Regional Director for APAC, Middle East, and Africa.
