Taipei Office will be spearheaded by Taiwan CEO, Brian Wang, who joined Gallagher in 2022 to oversee the market launch.
Koh joined Allianz Group in 2007 and Allianz Trade in Asia Pacific in 2017. She will be responsible for developing and executing market-specific strategies, fostering relationships and driving growth.
The solution will use TPIsoftware's InsureBrick framework to build a customised system aimed at enhancing the P&C insurer's efficiency, flexibility, and customer service.
Koin intensified, instead of weakening as expected, with Hong Kong issuingits second highest storm signal at 7pm, before lowing it again just before midnight local time.
Despite substantial losses, AM Best has reaffirmed Cathay Century Insurance's financial rating, citing is motor business as a key contributor to its underwriting result.
Nearly 70% of Asian insurers plan to adapt their strategic asset allocation due to changes in risk-based capital regimes, according to a BlackRock report.
Hotai has been upgraded to a stable and positive outlook, reflecting the company's successful mitigation efforts and supported by capital injection from parent firm Ho Tai Motor.