Asia
Landslides and floods in Indonesia kill 15
Seven hamlets were left devastated by landslides and floods in Manado, the capital of North Sulawesi province in Indonesia, after torrential rain.
United India Insurance targets rural retail growth
The United India Insurance chairman and managing director wants to increase premiums to 10bn rupees ($1.84bn) by the end of the fiscal year.
7-Elevens to sell insurance in Thailand
Insurance with a maximum value of 1 000 baht will be sold at 7-Elevens across Thailand.
India to insure oil refineries that trade with Iran
Despite western sanctions on Iran, the Indian government will step in to make sure its oil refineries have sufficient insurance so they continue refining crude oil imported from Iran.
Zurich GI profit falls in 2012
Zurich blames weather losses for fall in profitability, but saw increase in premiums and is confident German reserving problem was a one-off.
The attractions of Hong Kong
Hong Kong's attractions as an insurance base were highlighted in December when new reinsurer Peak Re chose to launch in the city, writes Nicky Burridge.
Insurance CEOs upbeat about Asia and the Middle East, says PWC
The majority of insurance CEOs think their businesses are going to grow over the next few years according to PWC 16th annual global CEO survey.
Market moves: Three new staff for Giles as recruitment drive continues
Continuing its push for new staff, Giles was again one of the biggest recruiters this week, with the broker welcoming three new faces to its Scottish team. Elsewhere in broking, Arthur J Gallagher, UIB and the Wilson Organisation brought in new starters…
Steady growth at Marsh and Guy Carpenter
Marsh and Guy Carpenter have both seen revenues increase for the year ending 31 December.
To re-joins JLT Re to head reinsurance in China and HK
Henry To has returned to JLT Reinsurance Brokers as chairman and chief executive officer of its reinsurance operations in China and Hong Kong.
United India sells crop insurance
Publicly owned United India Insurance is now selling crop insurance products as part of a tie-up with Agriculture Insurance Company.
RSA releases home offering in China
In response to the growing popularity of home insurance in China, RSA’s private client insurance plan is now available through Globalsurance.
Happy Year of the Snake
China is a place where feng shui masters are taken seriously. They are all over the newspapers at the moment declaring what the Year of the Snake will mean for the stockmarket and your love life.
Lockton expands in Australia
Lockton has expanded in Australia with the purchase of Melbourne-based niche insurance broker Strategic Insurance & Risk Solutions.
Hong Kong Federation of Insurers warns of over-regulation
A senior member of the HKFI wants important changes made to the proposed remit of the new Hong Kong independent regulator, as the industry moves away from self-regulation.
Australia claims in 2013 top AUS$670m
Four disasters across Australia in 2013 are expected to cost insurers more than AUS$670m as claims continue to come in.
Scor sees 48% growth in Asian treaty business at January renewals
During the January renewals, Scor Global P&C has reported a 9% increase in gross written premiums (to Euro 2.507bn) with an expected 1.3% improvement in technical profitability for total contracts renewed and a price rise of 1.9% net of general inflation.
Aviva axes Matthews in leadership reshuffle
Aviva has moved to restructure its top tier in a move that sees its executive director of developed markets Trevor Matthews depart.
Former UK GI CEO McMillan to become Aviva Europe boss as Trevor Matthews quits
David McMillan has been appointed CEO of Aviva Europe.
Will sub-brokers in India make a difference?
Neera Bhardwaj asks if the expected allowance of sub-broking in India will really shake up the retail insurance landscape.
Indonesia begins tsunami shelter construction
The Indonesian government has allocated 16 trillion rupiah ($1.6bn) to build shelters and support areas that are early affected by tsunami-related disasters.
Asia View from the Top: Vietnam in race for quality
Demographic changes, increased education and legal compulsion are factors combining to help support the expansion of insurance and financial services in Vietnam.
Allianz appoints Hong Kong CEO
Mark Mitchell will take on the CEO role of Allianz Global Corporate and Specialty Hong Kong branch with responsibility for Greater China on 14 February.
Lockton's former Singapore CEO to join RSA
Nick Garrity, formerly CEO for Lockton Singapore, is set to join RSA with Manan Sagar taking over as CEO at Lockton Singapore.