Asia
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
Aviva appoints Mark Wilson as group chief executive
Former AIA chief executive Mark Wilson, pictured, has been appointed group CEO and will receive a basic annual salary of £980 000, Aviva has revealed.
Marsh's Moylan to head global surety practice
Marsh has appointed David Moylan as head of its newly created global surety practice.
Non-life premiums in Vietnam reach VND17tn in first nine months
Non-life insurers in Vietnam achieved premiums of more than VND17tn in the first nine months of 2012, up 11.3% from the same period last year.
HSBC in talks over sale of Ping An stake
HSBC may sell its stake in China's Ping An Insurance as part of a drive to improve profitability, the insurer confirmed on Monday.
Aria expands assistance offering with Japan deal
Aria Assistance has signed an agreement with Emergency Assistance Japan to extend its global network to locations where it is currently not present.
Former Axis chairman could start Asian insurer
Axis Capital founder John Charman is planning to return to the insurance industry, possible through the creation of an Asian insurance company.
Willis implements Sequel software in UK and India
Willis Re, the reinsurance arm of global broker Willis, has implemented Sequel’s Eclipse broking software.
Asian claims power
Claims is often touted as the shop window of insurance, and claims departments in Europe have been given increasing power. Sam Barrett finds out why the same is not true of Asia.
PICC seeks cornerstone investors ahead of IPO
Chinese state-owned insurer PICC Group is in talks with American International Group and others to become cornerstone investors for its planned Hong Kong listing, Reuters reported.
AIG adds logo to Singapore skyline
Global insurer AIG has installed a new signboard on top of its Asia Pacific headquarters at 78 Shenton Way.
Crawford hires Hong Kong construction adjuster
Loss adjuster Crawford & Co has appointed Peter Spencer as regional construction executive adjuster.
Generali to sell assets to grow insurance business
Italian insurer Generali is to sell non-strategic assets next year to generate cash to invest in emerging markets.
Willis takes D&O cover down under
Willis has rolled out its Darcstar directors all risks cover across the Asia-Pacific region to Hong Kong, Singapore and Australia.
Willis launches D&O product in Asia-Pacific region
Willis has introduced its Darcstar directors all risks cover to Hong Kong, Singapore and Australia.
Delhi drivers to face emissions-linked insurance
Motor insurance in India may soon be linked to a vehicle's emissions as part of new regulations aimed at cutting pollution in Delhi.
Miller appointment strengthens marine team
Miller has enhanced its marine capabilities with the appointment of stock throughput, cargo and project cargo insurance broking specialist Tony Robinson.
Petroleum and gas secretary front runner in IRDA chairman race
Girish Chandra Chaturvedi is being tipped to take the helm of India's Insurance Regulatory and Development Authority when the term of current chairman J Harinarayan comes to an end early next year.
PICC IPO valuation hits $20.8bn
People's Insurance Co (Group) of China is planning a listing that will value the state-owned insurer at around $20.8bn, according to a Market Watch report.
Catlin sees increase in GWP
Catlin's International underwriting hub saw gross written premiums increase 17% to $727m.
Asia-Pacific only bright spot in bleak outlook for insurers for 2013
Asia-Pacific and emerging economies are the only bright spots in an otherwise bleak outlook for the insurance sector in 2013.
Service failures by outsourcers number three cause of supply chain disruption
Outsourcing failure is now a significant cause of supply chain disruption, according to a report by Zurich.
Myanmar corruption could be obstacle for insurers
Corruption is one of the many stumbling blocks facing insurers entering Myanmar's fledgling insurance market, industry insiders have told Reuters.
RSA hails "unique geographic footprint" after 15% growth in emerging markets
Emerging markets led growth for RSA in the first three quarters of 2012 as challenging conditions continued to affect performance in its core European market.