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Insurance
Powerful earthquakes in Japan and Ecuador, storms and flooding in Europe and the US and forest fires in Canada have contributed to total losses of $70 billion for the first half of 2016, significantly higher than the corresponding figure of $59 billion the previous year, according to a Munich Re report. 13 July 2016
Insurance
ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has appointed David Ong as senior underwriter of marine hull and energy for the Middle East and North Africa (MENA), and Lee Zi Yih as marine underwriter for Asia, as part of the expansion of its marine offering. 11 July 2016
Insurance
Swiss Re Corporate Solutions has appointed Jingwei Jia as chief executive officer (CEO) of its China operations, effective immediately. 8 July 2016
Insurance
Typhoon Nepartak, which formed to the south of Guam, has rapidly strengthened, according to catastrophe modeling firm AIR Worldwide. 8 July 2016
Insurance
The economic cost of floods globally will reach some $5 billion but insurance losses are expected to be low, according to Impact Forecasting, Aon Benfield’s catastrophe model development team, which has released its monthly global catastrophe recap report, which evaluates the impact of the natural disaster events that occurred worldwide during June 2016. 7 July 2016
Insurance
Nexus Underwriting Management (Nexus), has acquired 100 percent of the shareholding in the Hong Kong domiciled marine managing general agent (MGA), Beacon Underwriters (Beacon). 5 July 2016
Insurance
BPL Global, a credit and political risk insurance (CPRI) broker, has expanded its Asia Pacific presence with the appointment of Cindy Gunawan as a broker. 4 July 2016
Insurance
Global insurance premium growth accelerated in 2015 compared with 2014, but profitability of the sector is set to remain under pressure in a mixed growth outlook, according to the latest Swiss Re Sigma report. 30 June 2016
Insurance
Chubb has appointed Oliver McCauley as an environmental risk underwriter for Asia. 30 June 2016
Insurance
JLT Re has appointed Mark Shumway, the managing director and head of strategic advisory for the Asia-Pacific region at Guy Carpenter, as global head of strategic advisory. 29 June 2016
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