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Insurer IT spending to grow strongly in Asia-Pacific
Insurance spending in the Asia-Pacific region is set to grow strongly over the next five years according to industry research.
Asia-Pacific region had average COR of 103% from 2008 to 2012
Aon Benfield research has found 32 of the top 50 insurance markets have a five year (2008-12) average combined ratio under 100% while the EMEA area leads the way regionally with a COR of 98% overall.
Chen to chair Zurich's China business
Johnny Chen is to switch roles at Zurich from CEO of Asia-Pacific to chairman of Zurich's life and general insurance business in China.
AIG reviews legal panel
AIG is set to kick off a review of its external legal advisers across the Asia-Pacific region, as the insurance giant sizes up a potential merger of its corporate and claims panels.
August records Asia-Pacific $10bn flood losses
A combined estimate of $10bn of economic flood losses were recorded in China, Russia, Philippines, and Pakistan during August, according to a report by Aon Benfield.
Underwriting Agencies Council targets New Zealand
The Underwriting Agencies Council, which represents Australia's underwriting agencies, is targeting more members in New Zealand.
Q+A: Juan Luis Ortega, regional president, Asia-Pacific, Ace
Juan Luis Ortega (pictured) talks to Insurance Insight after starting his role as regional president, Asia-Pacific, Ace at the beginning of September after his predecessor Damien Sullivan was promoted to chairman of the region.
XL appoints head of global professional business
XL has appointed Louise Dennerstahl, former head of the Nordics for Zurich, as head of its international professional insurance business.
Swiss Re Corporate Solutions appoints Asia-Pacific regional head
Swiss Re Corporate Solutions, the risk management and financing arm of Swiss Re has appointed Fred Kleiterp as head of Asia-Pacific.
AIG appoints Coory in marketing role
AIG has appointed Damian Coory to the newly created role of vice president, corporate marketing and communications for Asia-Pacific.
Insurance Insight Asia editor talks to BBC on Philippines flooding
With businesses in the Philippines are still dealing with the aftermath of Tropical Storm Trami, Insurance Insight Asia editor Andrew Tjaardstra spoke to the BBC's Rico Hizon about what is happening and the cost of such natural disasters.
US woes hit QBE's profits
First half profits at insurer QBE were down 37% to $477m as earnings were hit by the US and poor investment returns.
Ace appoints energy risk engineer for Asia-Pacific
Insurer Ace has appointed James Rout as the energy risk engineer for the Asia-Pacific region.
Google and insurers to speak at Data & Analytics Asia
Insurance Insight is delighted to confirm speakers from Google, Prudential, RSA, HSBC, Zurich and many more companies are attending the Insurance Data & Analytics Asia event in Hong Kong on 26 September.
Zurich's GI profits and premiums grow in Asia-Pacific
In general insurance, business operating profit at Zurich's Asia-Pacific's operations increased from $101m in the first half of 2012 to $141m in the first half of 2013.
Peak Re makes gains at renewal season
Hong Kong-based reinsurer Peak Re said it welcomed a good 1 July renewal season in the Asia-Pacific region.
Colmenares appointed chief of staff at Zurich's Latin American operations
David Colmenares, general insurance chief claims officer, Asia-Pacific at Zurich, will head up the insurer's Latin American operations as chief of staff from 20 August.
Swiss Re net income soars to $786m in Q2 2013 despite nat cat hit in P&C
Swiss Re this morning reported net income of US$786m (Q2 2012: US$83m)in the second quarter of the year on premiums earned of $6.8bn (Q2 2012: US$6.1bn).
Willis Re's Australia chairman in Bermuda move
Willis Re Australia chairman Michael Harden has been appointed chief executive of Willis Re Bermuda.
Axa hails first half growth
For the first half, Axa has reported property & casualty revenues were up 2% to €16.5bn, mainly driven by an overall positive price effect of 3% on average. Overall total revenues were up 4% to €50bn across the group.
9 500 claims from New Zealand winter storm
A June storm in New Zealand caused NZ$33m ($26m) of damage.
Ping An gains license to begin futures trading
Ping An Insurance Company of China has become the first insurance company on the Chinese mainland to trade stock index futures.
Renewables market could triple insurance spend by 2020
The renewable energy industry could triple its annual insurance spend by 2020 to mitigate risks to projects, according to a new report sponsored by Swiss Re.
Solvency II voted biggest regulatory challenge by EMEA insurers
Over 90% of insurers in Europe, the Middle East and Asia view Solvency II as the biggest regulatory challenge facing their organisation, according to a study by the Economist Intelligence Unit.