Asia
Asia Insurance to benefit as Hong Kong Life agrees sale
Hong Kong Life insurance, 16.6% owned by Hong Kong general insurer Asia Insurance, has agreed to sell to Hong Kong-based investment firm First Origin International for HK$7.1bn (£740m).
McLarens bolsters Australia team with hire from Crawford
Global loss adjuster McLarens has made a senior construction appointment in Australia.
XL Catlin appoints Tim McMahon to property insurance CUO
XL Catlin has promoted Tim McMahon to the newly created role of global chief underwriting officer, property for insurance.
Markel's Moi on the dangers of 'miscellaneous' Asian professionals
What do wedding planners, property managers, and skin beauticians all have in common? They are considered as 'miscellaneous professionals' in the eyes of the insurance industry.
Lloyds Bank's Bill Cooper on M&A in a challenging market
The government's recent decision to lower the discount rate from 2.5% to -0.75% took the market by surprise and generated many column inches of newsprint in the mainstream press.
Q&A: Winnie Wong, Asia Insurance
Insurance Post asked one of Hong Kong's most experienced insurance professionals about her latest role as CEO of Asia Insurance.
Chung joins Bank of China in Hong Kong
Ben Chung, former technical director at Hong Kong broker Nova Insurance, has joined Bank of China Insurance.
Global insurance M&A fell 13% in 2016, says Clyde & Co.
Last year the number of completed mergers and acquisitions of general / life insurers and reinsurers across the world fell 13% from 2015 according to global law firm Clyde & Co.
Insurance Council of Australia appoints Suncorp's Day as president
Following the sudden departure of QBE's former group COO Colin Fagen earlier this year, the Insurance Council of Australia has named his replacement as president.
Two reinsurance brokers enter Indonesia
The Financial Services Authority of Indonesia has granted operating licenses to two more reinsurance brokers.
Suncorp buys a further 11.3 million shares in New Zealand's Tower
Brisbane-headquartered financial services group Suncorp has increased its stake in New Zealand general insurer Tower.
Youi's growth stalls in first half
Australian challenger insurer Youi saw a 30% rise in profits but premium growth stalled in the first half of the year.
Car accidents rise in Singapore as total claims fall
The General Insurance Association of Singapore is investigating why car accidents climbed last year while the total payout in motor claims fell.
Prudential has ‘barely scratched the surface’ in Asia: Wells
Asian insurance markets continue to offer significant opportunity for international financial services group Prudential, the company’s CEO has said.
Asia drives growth as Prudential operating profit soars
Prudential, the international financial services group, has reported record group operating profit of £4.26bn in 2016 thanks to double digit-growth in Asia.
Intel makes £12.5bn driverless car software acquisition
US chipmaking giant Intel has bought Israeli software company Mobileye for £12.5bn ($15.3bn) placing a big bet on the future of driverless cars.
Over 850 claims from weekend Auckland flooding
Over 850 insurance claims have been received by New Zealand's insurers after flash floods in the Auckland area.
Insurers playing insurtech catch-up in Asia, says Baker McKenzie
Insurers are playing insurtech catch-up compared to their financial services' peers in Asia says a leading law firm.
China: The new silk road
China’s One Belt, One Road initiative is one of the most ambitious infrastructure projects the world has ever seen.
AIA's Tucker to join HSBC
Mark Tucker, group CEO and president of Hong Kong-headquartered AIA, is leaving the Asia life insurer to join international banking group HSBC.
Charles Taylor eyes potential $6.1 trillion insurance market after solid 2016
London-headquartered global insurance services firm Charles Taylor is confident of global expansion after posting solid 2016 results.
Swiss Re Corporate Solutions opens Kuala Lumpur office
Swiss Re's commercial insurance arm has opened an office in Kuala Lumpur.
Suncorp hit by 11,000 Sydney hailstorm claims
The 18 February Sydney hailstorm will cost Brisbane-based financial services group Suncorp between A$150m (£93.4m) and A$170m.
New South Wales signs legislation to replace insurance emergency levy
The state of New South Wales has signed legislation this week to end the insurance tax to fund emergency services.