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Insurance
Australia’s re/insurer QBE said on Aug. 17 that the company’s CEO of emerging markets David Fried is stepping down after the operations reported disappointing underwriting results in the first half of 2017.   17 August 2017
Alternative Risk Transfer
Hong Kong is losing insurance business to Singapore, but the local authorities are implementing an action plan to strengthen its position as Asia’s insurance hub.   17 August 2017
Hong Kong devises plan to fend off Singapore’s insurance hub ambitions
Insurance
Asia offers great growth opportunities for insurers but Hong Kong as a re/insurance hub has been losing market share lately to other jurisdictions, particularly to Singapore. The former British colony will no longer be complacent and is implementing an action plan.   17 August 2017
Insurance
The second quarter of 2017 marked the seventeenth consecutive quarter in which commercial insurance rates declined, according to the latest MARSH Global Insurance Market Index.   16 August 2017
Insurance
Australian financial services firm AMP said on Aug. 10 that it completed a reinsurance program with Munich Reinsurance Company of Australasia (Munich Re) and General Reinsurance Life Australia (Gen Re).   11 August 2017
Insurance
Re/insurer QBE has appointed Chris Kurinsky as CEO of QBE Insurance (Malaysia) Berhad.   11 August 2017
Insurance
India’s state reinsurer GIC Re which is planning to float on the stock exchange wants to grow the reinsurance business outside India to reach around 50 percent of its total gross premiums from currently 30.53 percent.   10 August 2017
Insurance
The acquisition of Bermuda-based Endurance has lifted Sompo Holdings’ overseas profit between April and June 2017, helping to improve the consolidated results.   10 August 2017
News
Pricing on many lines of business continued to soften in the June 1 and July 1 renewals on the back of intense competition though price increases were recorded on treaties hit by losses, especially in Australia and New Zealand, according to Hannover Re, commenting in relation to its first half results.   10 August 2017
Insurance
Broker Willis Towers Watson has appointed Fabien Conderanne to the new position of deputy head of financial solutions, Asia Pacific, to expand its business in across the region.   10 August 2017

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