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.
Acquisition of Luxembourg-based specialty MGA marks Optio Group's largest European acquisition to date, with Circles' presence in Asia spanning markets including Hong Kong and Singapore.
Winnie Chu joins from AIG as Head of Financial Lines Underwriting for the region; Joshua Lynch moves from Lloyd's as Head of Business Development, Asia.
COR increased to 103% in 2023 due primarily to rise in motor loss ratio, but support of Agricultural Bank of China and strong capital position underscore ratings affirmation.
Watchdog reviewed products from 12 Hong Kong carriers, noting 40% premium differences and potential coverage gaps, while calling for more diversified products.
