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Insurance
Rated non-life insurers in Macau will be able to withstand the Typhoon Hato losses with moderate impact on earnings, ratings agency AM Best said on Aug. 25. 25 August 2017
News
Broker JLT said on Aug. 24 that its unit JLT Philippines signed a cooperation agreement with global reinsurer Munich Re to jointly develop and offer an insurance solution to cover typhoon/tropical cyclone risks for the Philippines. 24 August 2017
News
Reinsurance broker JLT Re said on Aug. 24 that it has appointed Khun Nivatvongs managing director of Thailand. 24 August 2017
Insurance
Fairfax Financial and Mitsui Sumitomo Insurance Company have unveiled a global strategic alliance that revolves around the latter buying the majority of Singapore-based First Capital Insurance from Fairfax but which also has wider implications for the way the two companies manage their reinsurance buying. 24 August 2017
Insurance
Hong Kong’s mountainous coastline and strongly enforced building codes lessen wind vulnerability compared to other coastal areas in the South China Sea meaning damage from Hato, the strongest typhoon to hit China since 2012, could be limited, according to catastrophe modeling firm AIR Worldwide. 24 August 2017
Insurance
Australian multiline carrier Insurance Australia Group (IAG) said on Aug. 23 that it is seeking additional reinsurance quota share opportunities while presenting its results for its 2017 financial year which ended on June 30. 23 August 2017
Insurance
Tokio Marine & Nichido Fire Insurance, a subsidiary of Tokio Marine Holdings, has established a representative office in Phnom Penh, Cambodia, as it looks to support the growing number of Japanese companies operating in the market. 22 August 2017
Insurance
Indian initial public offerings (IPOs) are headed for a record year, as a rush of insurers seek to ride a rally in the local market and tap increasing investor demand for financial assets, according to an Aug. 20 Bloomberg report. 21 August 2017
Insurance
Private equity firm Yunfeng Financial Group is the main investor in a $1.7 billion acquisition of insurer MassMutual International's Hong Kong unit. 21 August 2017
Insurance
Trade credit insurer Euler Hermes has announced two senior executive appointments in its Asia Pacific region. 18 August 2017
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