Specialty

chinese-ships-secure-lower-insurance-rates-in-red-sea-amid-houthi-attacks-report

Chinese vessels gain access to reduced Red Sea rates amid Houthi strikes - report

February 8 2024

Chinese ships are benefiting from lower rates amid targeted Houthi attacks on Western vessels.

Roy Nakazawa appointed as WTW's Head of Japan and Head of CRB Japan

February 8 2024

Nakazawa will move from STARR to WTW effective from 1 April.

Malaysia: Pacific Prime acquires MIT Insurance Brokers

February 7 2024

Global broker Pacific Prime completes full acquisition of MIT.

Tysers Strengthens Asia and MEA operations with hires of Jayees Ibrahim and Elias Nohra

February 6 2024

The Lloyd's specialty broker hires Ibrahim (pictured left) and Nohra (picture right) to strengthen its presence in Asia and MEA.

Global: Howden names David Shalders as Group COO

February 6 2024

Shalders, who has over 30 years of financial services experience, will move to Howden from the London Stock Exchange Group.

wtw-insurance-holdings-pcric-launch-first-fiji-reef-parametric-cover

WTW, Insurance Holdings, PCRIC launch Fiji parametric cover

February 5 2024

Policy is first parametric solution to include Fiji's coral reefs and provides cover up to US$450,000 for reef repair and community aid in the event of a cyclone.

Lao PDR renews parametric flood cover with SEADRIF

February 5 2024

Renewed policy doubles number of flood level triggers to four.

marsh-new-zealand-names-sammie-chan-as-asia-client-services-leader

Marsh launches Asia Client Services in New Zealand with appointment of Sammie Chan

February 2 2024

Chan joins from WTW in the role of Asia Client Services Leader, as Marsh expands the specialty practice in APAC.

ITC Forum: Insurers grapple with regulatory uncertainty, talent shortages as digital shift accelerates

February 2 2024

Industry practitioners at the InsureTech Connect Asia Roadshow in Hong Kong identified challenges they face in digital transformation.

new-directive-likely-to-deflate-profitability-of-sri-lankas-non-life-segment-fitch

New motor SRCC directive likely to deflate profitability of Sri Lanka's non-life segment: Fitch

February 1 2024

Directive requires Sri Lankan non-life insurers to transfer 100% of SRCC-related motor premiums to state-run NITF.

dimitri-plastiras-to-join-canopius-as-underwriter-as-part-of-global-credit-political-risk-hires

Dimitri Plastiras joins Canopius APAC as Underwriter as part of global Credit & Political Risk hires

January 30 2024

Dimitri Plastiras moves from KPMG; Angelos Deftereos, Boris Medimorec, and Virad Patel join the team in London.

MGA's Epsilon, Wellington Underwriting, and Aster to merge

January 30 2024

The merged business will combine for a collective AU$150m (US$99.2m) in GWP and gradually transition to operating under the Epsilon brand.

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