Asia
Liability insurance buying on the rise for EMEA firms
Companies in Europe, the Middle East and Africa are buying higher levels of liability insurance as fears increase over possible claims during the economic downturn.
Guy Carpenter opens Athens office
Guy Carpenter & Company has opened a reinsurance intermediary office in Athens, the broker said today.
Top five Asian stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Aviva sets bid deadline for Malaysian unit
British insurer Aviva and Malaysian bank CIMB Group Bhd have set a 29 October deadline for suitors to place binding bids to buy their Malaysian insurance joint venture, in a deal worth at least $500m, according to Reuters.
AIA appoints new non-executive director
AIA Group has appointed Barry Chun-Yuen Cheung as an independent non-executive director of the company.
Takaful's key markets diverging, says S&P
Takaful companies in south east Asia appear more healthy and sustainable than their counterparts in the Gulf, according to the latest report by Standard and Poor's.
Haagen replaces Karner as AGCS aviation head
Allianz Global Corporate & Specialty has appointed Henning Haagen as global head of aviation for its European, Middle East and Asia and Asia Pacific divisions.
Indian regulator issues guidelines for general insurance IPOs
General insurance companies planning to tap the capital market for funds must have been in business for at least 10 years and will have to seek prior approval from the regulator, India's Insurance Regulatory and Development Authority said in draft…
Fitch affirms Tugu Pratama's 'AA-' IFS rating
Fitch Ratings has affirmed PT Tugu Pratama Indonesia's national insurer financial strength rating at 'AA-' with a stable outlook.
Howorth to replace Merritt as CEO of JLT Asia
Jardine Lloyd Thompson Group has appointed Duncan Howorth as chief executive of JLT Asia with effect from 1 January 2013.
Ace aquires Indonesian broker
Ace Group has acquired an 80% stake in PT Asuransi Jaya Proteksi.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Commercial health products 'more effective' than relying on goverment, Chinese minister says
China's government plans to work with private insurers to expand national health cover in a bid to close the mortality gap between rural and urban residents while keeping costs low, according to Bloomberg's Businessweek.
Tokio Marine to sell takaful through Saudi joint venture
Tokio Marine Middle East, the Dubai-based regional hub of Japanese insurer Tokio Marine, is to launch a new Saudi joint venture, according to reports in the local press.
Credit insurers Garant and ASEI enter partnership
Austrian political risk insurer Garant Versicherungs AG and state-owned export credit agency Asuransi Ekspor Indonesia have entered into a commercial partnership to improve the export credit and political risks cover available to their clients.
South Korea hit by second typhoon in a month
Typhoon Sanba made landfall on 17 September just before noon local time in South Gyeongsang Province on the southern coast of South Korea, according to catastrophe modeling firm Air Worldwide.
Ace appoints energy and engineering manager for Asia Pacific
Ace Insurance has announced the appointment of Michael Frazer as energy and engineering manager for Asia Pacific.
Overcapacity constraining cargo market
Soft market rates caused by overcapacity continue to act as a constraint on the global cargo insurance market, despite some significant losses.
Myanmar to open insurance market to foreign investors
Myanmar will allow foreign investors into its insurance sector by 2015 once local private insurers have had time to establish themselves, according to a senior government official.
UK exporters could bask in Indian summer, says Coface
The business climate in India offers encouragement for UK companies wanting to take advantage of the country’s thriving technology and services markets, according to a report by credit insurer Coface.
State-owned Singapore firm boosts stake in China Pacific
The Government of Singapore Investment Corporation will increase its stake in China Pacific Insurance Company, according to an announcement on the Hong Kong stock exchange website.
Asia View from the Top: Getting flood modelling right
The Intergovernmental Panel on Climate Change reported in 2007 that especially heavily populated mega-delta regions in south, east and south-east Asia will be at greatest risk owing to increased flooding from the sea and, in some mega-deltas, flooding…
Death toll still rising from factory fire in Pakistan
At least 289 people were killed and dozens injured in a fire at a garment factory in Pakistan yesterday in what experts say is the biggest industrial accident in the country's history.
Fitch sharpens focus with India rebrand
Ratings agency Fitch today launched a new brand for its existing national ratings business in India.