Asia
Axa divests from oil sands and commits €12bn for environmentally-friendly projects
Global French insurer Axa has divested from 25 oil sands (also known as tar sands) companies and made other environmental commitments at the One Planet Summit in Paris.
Clyde & Co sign partnership with New Zealand firm
Global insurance law firm Clyde & Co has signed an association agreement with New Zealand firm Fee Langstone.
Allied World promotes MacLeod in Asia-Pacific
Switzerland headquartered global insurer Allied World has made a senior promotion in Asia-Pacific.
Zurich agrees major acquisition in Australia
Global insurer Zurich has expanded its footprint in Australia with a major acquisition and a 20-year distribution agreement with banking giant ANZ, subject to regulatory permission.
IAG releases 12.5% of premiums to reinsurers for a fee
Australian giant IAG has decided to expand its innovative quota share arrangements with more reinsurers next year.
AIG Singapore creates online motor accident reporting platform
AIG Singapore creates online motor accident reporting platform
Indian regulator allows private equity ownership, with conditions
If private equity firms wish to buy 50% or more of an Indian life insurer, general insurer, reinsurer or health insurer they will need to meet some strict conditions.
Bovolini promoted at Generali Asia
Marco Bolivini, head of broker relationship management for Hong Kong at Generali's global corporate and commercial division, has been promoted to a regional role.
Editor's comment: The tech revolution
While the Odgen discount rate changes hit the headlines, and terrorist attacks, the Grenfell Tower fire and the hurricanes in the US dominated the year, 2017 will definitely be remembered in the global insurance industry for its technological…
Interview: Wayne Xu, Zhong An
While all eyes are trained on the meteoric rise of Lemonade in the US, another insurtech player is causing widespread disruption in the East.
Opinion: Inclusion needs the right environment to flourish
We are often asked if and how inclusion can translate across cultures and geographies writes Angie Peacock, chair of global inclusion training company the People Development Team.
Young Hongkongers very concerned about climate change, says MS Amlin
Research undertaken by global (re)insurer MS Amlin suggests the majority of 18 to 35 year olds in Hong Kong are worried about climate change.
Mapfre to consolidate EMEA and Asia-Pacific businesses
Spanish insurer Mapfre is exiting five US states and consolidating its EMEA and Asia-Pacific businesses.
Market Moves: December 2017
This month's movers and shakers in the insurance industry.
Australian government sets-up inquiry into financial sector
The Australian government has announced a high level inquiry, known as a Royal Commission, into Australia's financial services sector.
China's general insurers and reinsurers told to hire chief actuaries
China's regulator the China Insurance Regulatory Commission has asked the country's 84 non-life insurers and 12 reinsurers to each hire a chief actuary by 1 January 2020.
Wesurance brings AI powered Amy to Hong Kong's travel market
Wesurance, a Hong Kong-based insurtech start-up, has teamed up with Swiss giant Allied World and data company Trans Union for an app based travel insurance platform.
Analysis: Review of the year 2017
The past year has been a stormy one for the insurance market – and not just in terms of weather: the discount rate saga and the insurance premium tax hike helped propel motor premiums to stratospheric highs. Industry figures see clearer skies, however,…
Q+A: Willis Towers Watson's Angelini on China's online advance
Kevin Angelini, head of strategy, insurance consulting and technology, Asia-Pacific, at international broker consultancy Willis Towers Watson offers his thoughts on China's online insurance phenomenon.
QBE appoints head of distribution for Australia Northern region
Australian giant QBE has hired from QBE-owned regional insurer Elders Insurance for a distribution role.
Chubb and PICC form global partnership
Global insurer Chubb and state owned Chinese insurer PICC P&C have signed a 10 year global cooperation agreement.
Mapfre Re to open Tokyo office
Spanish reinsurer Mapfre Re is opening up a representative office in Tokyo on 1 December.
Belot appointed head of South East Asia for Swiss Re Corporate Solutions
Swiss Re's insurer Swiss Re Corporate Solutions has appointed Didier Belot as head of South East Asia.
Zurich identifies Hong Kong protection gap
Global insurer Zurich has warned Hong Kong's workers need greater protection for being off work as a result of illness or injury.