Articles
Insurance
Munich Re has hired Kyungsuk Lee as new head of life and health business in Korea. He was most recently CFO at Chubb Life Korea Insurance and has worked for direct insurance companies in the US and Korea for over 15 years. 16 July 2019
Insurance
Alice G Vaidyan, chairman and managing director of the Indian state-owned reinsurer General Insurance Corporation of India (GIC Re), is retiring at the end of July, Intelligent Insurer can reveal. 11 July 2019
Insurance
Specialty re/insurer Canopius has appointed Jamie Jeffers as underwriter, credit & political risk, for Asia Pacific, effective September 9. 11 July 2019
Insurance
MS Amlin, the first re/insurer to join Lloyd's India office, has informed the Indian regulator IRDAI that it has decided to discontinue business operations in India as part of a group-wide review of its operating structure and performance. 11 July 2019
Insurance
Spanish insurer Mapfre and reinsurer China Re have agreed to collaborate on insuring investments related to the Chinese government’s huge infrastructure plan, the Belt and Road Initiative (BRI), which launched in 2013 and was designed to connect China with the world’s major economies. 9 July 2019
Insurance
Specialist insurer Markel has appointed Christian Stobbs as new managing director and Colin Fordham as director for its Asia operations. 9 July 2019
Insurance
Brokerslink, a global network of independent brokers, has appointed three new affiliates to strengthen its presence in the Asian insurance markets. 9 July 2019
Insurance
Specialty re/insurer Canopius has made four new appointments for its recently established Canopius Australia & Pacific branch in Sydney, which has also gained binding authority approval from Lloyd’s. 8 July 2019
Insurance
Property/casualty insurer Sompo Japan Nipponkoa Insurance has led the Series A funding round of Japan-based self-driving technology start-up Tier IV. 4 July 2019
Alternative Risk Transfer
Allianz Global Corporate & Specialty (AGCS), Allianz group's specialist corporate insurer, will cease underwriting long tail risks in Australia and close its operations in New Zealand with effect from September 2019, following a "strategic review" of the business. The decision has led to the departure of its Pacific CEO Willem Van Wyk. 4 July 2019
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