Asia
Chinese insurer Sunshine opens its first hospital
Chinese insurer Sunshine Insurance yesterday opened a hospital it built in association with Weifang City's government for 3bn yuan (£320m).
China sees mutual market development as "important", says CIRC
The Chinese government is supporting the development of the mutual market according to the country's regulator.
Zurich acquires MAA Takaful in Malaysia
Zurich has expanded its presence in Malaysia with the acquisition of takaful insurer MAA Takaful for MYR525m (£90m).
Kelly commits to Steadfast until December 2020
Robert Kelly, managing director and CEO of Australian broker network Steadfast, has committed his long term future to the firm.
Hong Kong conducts global search for head of insurance regulator
The Hong Kong government is conducting a global search for CEO of the Independent Insurance Authority.
Chubb and Ace integration completes in Singapore
Following the completion of Ace's acquisition of Chubb in January, Chubb has been formally approved as its new name in Singapore.
C-Suite Claims: Interim payments can promote insurance
Nehemiah Neo explains how loss adjusters can help support the reputation of the industry by helping facilitate interim payments when disaster strikes.
Admiral and Mapfre explore China comparison site
Spanish insurer Mapfre and UK insurance group Admiral are exploring the launch of a joint venture comparison website in China under a project called Preminen.
Mapfre targets China province Shandong for motor digital venture
Spanish insurer Mapfre is targeting a full 2017 launch for an online motor insurance operation in the province of Shandong, China.
AIG sells $1.25bn stake in PICC and falls to Q1 net loss
US giant AIG has sold another $1.25bn (£850m) worth of shares in Chinese property and casualty insurer PICC Property and Casualty.
XL Catlin promotes Huang in Asia
XL Catlin has promoted Carrie Huang to a senior underwriting role for Asia.
Unwell staff attending work cost Hong Kong businesses HK$30bn in 2015, says Bupa
Research commissioned by healthcare insurer Bupa suggest unwell staff in Hong Kong are best not attending work.
Alibaba joins China Taiping for Chinese online health insurer
Alibaba has raised 1bn yuan (£100m) for a fledgling online health insurer Alibaba Health Insurance.
Google teams up with Uber and Ford to challenge autonomous car laws
Technology giant Google is partnering with taxi-hailing app maker Uber and US carmaker Ford to lobby the US government over driverless car regulations.
Insurtech firm Trov raises £17.5m as it gears up to launch in the UK and Australia
Technology giant Guidewire and Australian insurer Suncorp are among the parties involved in the latest fund-raising from US insurance disruptor Trov, as it gears up to launch its on-demand cover for single items in the UK with Axa.
JLT expects £34m in ‘total exceptional costs’ for 2016
Global (re)insurance broker Jardine Lloyd Thompson anticipates £34m in “total exceptional costs” for 2016, but remains on target to achieve its objectives for the coming year.
Chinese regulator warns on purchasing insurance in Hong Kong
The Chinese Insurance Regulatory Commission has warned Chinese citizens about buying insurance in Hong Kong.
BP Marsh buys 20% of Asia Reinsurance Brokers
Investment firm BP Marsh & Partners has acquired a 20% stake in Singapore-headquartered Asia Reinsurance Brokers for S$2.4m (£1.2m).
Lloyd's aims to bring market together with enhanced Sydney office
Lloyd's has officially opened an office in Sydney designed to bring its market syndicates and participants together.
Insured property damage from deadly Japanese earthquakes could total £2bn, says AIR Worldwide
Insured damage from last week's two Japanese earthquakes could cost insurers up to £2bn estimates catastrophe modeling firm AIR Worldwide.
Ping An buys 48% of major Chinese online car retailer
Ping An has bought 47.7% of the shares of Beijing-based retail car website Autohome from Australia-based Telstra for $1.6bn (£1.1bn).
Sullivan retires as Chubb's Asia-Pacific chairman
Damien Sullivan has retired as Chubb's Asia-Pacific chairman but will remain with the global insurer as an adviser.
Toyota suspends production across Japan following earthquakes
Carmaker giant Toyota has suspended many of its production operations across Japan as a result of a shortage of parts following two deadly earthquakes in the country.
Chubb signs insurance distribution agreement with major Chinese retailer
Global insurer Chubb has signed an undisclosed long term distribution deal with Chinese retailer Suning.