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Insurance
The total transaction volume of insurtech merger and acquisitions (M&As) in Asia hit $460 million in 2017, more than three times that of 2016, as industry incumbents and new entrants to the market pushed towards greater digitalization, according to the fourth Quarterly InsurTech Briefing from Willis Towers Watson.   9 April 2018
Insurance
TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, has made a series of appointments in North America, Latin America & Caribbean and Hong Kong.   9 April 2018
Insurance
Specialist insurer Tokio Marine Kiln (TMK) has promoted Alex Dugand to regional managing director for Asia, reporting to CEO Charles Franks.   5 April 2018
Insurance
After China took control of Anbang Insurance Group, the China Banking Insurance Regulatory Commission has approved a plan to inject ¥60.804 billion ($9.65 billion) of capital into the company while seeking new investors.   4 April 2018
Insurance
Swiss Re is reportedly close to sealing a deal which will see Japanese conglomerate SoftBank acquiring a 25 percent stake in the reinsurer, according to a March 28 Bloomberg News report citing "people familiar with the matter".   29 March 2018
Insurance
The former chairman of Anbang Insurance Group, Wu Xiaohui, is being accused by a Shanghai court of masterminding a ¥65.2 billion ($10.4 billion) fraud, using unauthorised sales of investment-type policies to prop up the acquisitive company’s capital, according to a March 28 Bloomberg News report.   28 March 2018
Insurance
Genworth Financial, a US-based insurance holding company, and China Oceanwide Holdings Group have agreed to a fourth waiver and agreement of each party's right to terminate the previously announced merger.   28 March 2018
Insurance
Insured losses across Queensland and New South Wales from tropical cyclone Debbie have reached A$1.74 billion ($1.33bn), according to the final estimate released by PERILS.   28 March 2018
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has opened a new office in Perth to further expand its presence in Australia while appointing new property and casualty lines leaders.   26 March 2018
Insurance
Broker Willis Towers Watson has appointed Simon Weaver as the leader of corporate risk & broking (CRB) for Asia and Australasia to accelerate growth in the region.   26 March 2018

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