Articles by Andrew Tjaardstra
Chinese broker given suspended death sentence
Chen Yi, former general manager at broker Shanghai Fanxin Insurance, has been given a suspended death sentence after being found guilty of mis-selling.
Suncorp's reinsurance "issue" could cost £60m
Australian financial services group Suncorp has been advised there is a potential issue with its recovery of catastrophe losses from its 2011 reinsurance programme.
Snowball gives no reason for Suncorp exit
Industry giant Patrick Snowball is set to leave Australian financial services group Suncorp where he is group CEO.
Cybercrime cost Singapore companies S$2bn in 2014
Cybercrime cost businesses in Singapore S$2bn (£980m) last year according to official figures.
XL's Vigar leaving Singapore for Japan
Andrew Vigar, country manager Singapore, XL is relocating to become the specialist insurer's country manager for Japan.
Ex-Gallagher boss Ross begins Towergate journey after Highbridge confirms swoop
David Ross, CEO at Arthur J Gallagher International, has resigned after 25 years at the broker to join Towergate's investment vehicle.
Anthem Insurance recovering from huge security breach
A huge amount of personal information of employees and customers was stolen from US health insurer Anthem last week.
China's Sunshine buys unopened New York hotel
Sunshine Insurance is set to pay $230m (£151m) for luxury New York property the Baccarat Hotel.
Cedants less likely to transfer business to reinsurers, says AM Best
Europe’s 20 largest cedants are benefitting from lower reinsurance rates and stronger bargaining power according to ratings agency AM Best.
Seacurus expands piracy cover for South East Asia
Niche marine broker addresses rising risks in South East Asia with enhanced piracy cover.
Markel to offer reinsurance on Lloyd's China platform
Markel International is to offer treaty and facultative reinsurance on Markel's Syndicate 3000 at the Lloyd's China platform in Shanghai.
Unsecured creditors swoop for Towergate
Towergate's creditors appear to have struck a deal with its unsecured creditors to sell 80% of the broker's equity for £300m, according to a report.
Munich Re's profits fell 3% in 2014
Reinsurance giant Munch Re's chief financial officer heralds 'robust earnings strength' despite a fall in profits for 2014 and a drop in property and casualty volume at renewals.
Peak Re hires Barclays M&A specialist
Hong Kong based reinsurer Peak Re appears to be on the look out for acquisitions with new recruit.
At least 31 dead in Taiwan plane crash
At least 31 people have been confirmed dead after a TransAsia Airways plane clipped a bridge near Taipei, Taiwan's capital, this morning.
Q+A: De Ferrieres' Asia digital start-up
Matthias de Ferrieres left Axa last year to set-up Stark Group, a digital start-up insurance firm, based in Singapore. Post asked his aims.
Charles Taylor recruits four for Singapore energy team
Charles Taylor Adjusting has recruited four senior members to its Asia-Pacific energy team after losing four of its team to rival LWI last year.
India's Insurance Bill could open door for Lloyd's
Lloyd's is keen for India's long awaited Insurance Bill to be ratified by Parliament.
Pacific Prime hails Axa Singapore medical product
Axa's product for pre-existing conditions is a "major shift" in the market, according to the broker's Pacific Prime manager Singapore, Olivier Zeller.
Huge loss for Chinese tyre manufacturer in Thailand
According to Verapong Chaiperm, the Industrial Authority of Thailand governor, a fire on Sunday in Sriricha, Chonburi has caused $40m (£26.6m) in losses.
Towergate's EBITDA down 24% in 2014
Earnings before interest, tax, depreciation and amortisation at Towergate fell 24% last year to £110m from £145m in 2013.
Towergate agrees restructuring as senior creditors take control
Towergate has agreed a new capital structure which will see existing shareholders wiped out.
Anbang Insurance's New York Waldorf acquisition approved
Chinese insurer Anbang Insurance's $1.95bn (£1.3bn) proposed deal to buy the iconic New York hotel the Waldorf Astoria has been approved.
Australia's National Construction Code available for free
The Insurance Council of Australia has welcomed the availability for free of the National Construction Code.