Thailand
Thailand law firm hires senior AIG litigator
Tilleke & Gibbins, a law firm based in Thailand and Vietnam, has appointed Aaron Le Marquer from AIG as a consultant in its Bangkok office.
Asian insurers urged to be selective in current climate
Growth opportunities exist for insurers in wealth management and personal insurance, despite the economic slowdown and evolving regulatory change in Asia Pacific, according to Ernst and Young.
Thai insurer opens flood credit line
MSIG Insurance (Thailand) has opened a Bt1bn ($33.5m) emergency credit line to help pay out Bt2bn ($67m) for flood damage.
The importance of disaster restoration
Insurers in Asia are increasingly turning their attention to property restoration following natural disasters, spurred on by the possibility of huge cost savings, writes Nicky Burridge.
Thai buyer "has the necessary resources" to buy Ping An stake
Charoen Pokphand Group has refuted suggestions in the media that a lack of funds is threatening to scupper its acquisition of HSBC’s stake in Chinese insurer Ping An.
HSBC's Ping An stake sale in trouble
A Thai bid to buy HSBC's 15.6% stake in Chinese life insurer Ping An could be in trouble.
BWise expands reach with Bangkok office
Governance, risk management and compliance software firm BWise has opened a regional office in Bangkok, Thailand.
HSBC agrees to sell Ping An stake to Thai conglomerate
HSBC is to sell its 15.57% stake in Ping An Insurance to the Charoen Pokphand Group, a Thai multi-national conglomerate with core businesses in agro-industry, food, retail and telecommunications.
Aria Assistance unveils partnership with EAJ
Hot on the heels of its partnership with Globemed, Aria Assistance has revealed a new deal with Emergency Assistance Japan.
MSIG aims to strengthen brand presence in Asia
MSIG Insurance (Malaysia) is aiming to enhance the presence of its subsidiaries in a number of Asian territories with a new marketing campaign.
Asia tops list for serious underinsurance says Lloyd's
States in many high growth countries are shouldering the burden of excessive natural catastrophe losses due to low levels of insurance penetration, Lloyd’s has warned.
Swiss Re expects to insure 12 million Chinese through cancer scheme
Swiss Re has teamed up with pharmaceuticals company Roche Holdings to improve insurance provision for cancer suffers in China.
Asia View from the Top: The effects of globalisation
'May you live in interesting times' is apparently the English translation of an ancient Chinese curse, and the past few years have been interesting and challenging from an underwriter's point of view.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
GC develops industrial park database after Thailand losses
Guy Carpenter has developed a database of industrial estates in China, Taiwan, Thailand and Indonesia to help clients identify and evaluate potential risks in the region.
Guy Carpenter probes causes of Thailand flood losses
Guy Carpenter has published an in-depth review of the meteorological and man-made factors that contributed to the 2011 Thailand flood catastrophe and resulting insured losses, estimated at between $15bn and $20bn.
Aon Benfield launches Thailand flood model
Global broker Aon Benfield has launched a flood model for Thailand to help global insurers better understand their exposures in the region.
ING sells Hong Kong and Thailand units to Li's Pacific Century Group
ING has agreed to sell its Hong Kong, Macau and Thailand insurance businesses to Pacific Century Group in a deal worth €1.64bn.
AIA's acquisition of ING will have no affect on rating
The national insurer financial strength rating with stable outlook for American International Assurance Company and its Thailand branch will not be affected the company's planned purchase of ING Malaysia.
Tune Group plans to float insurance arm
Malaysia's Tune Group, a conglomerate owned by AirAsia Bhd's founders, is to list its insurance arm to fund overseas expansion.
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…
Reinsurance CORs fall "dramatically" in H1
Global reinsurers' operating performances improved significantly in the first half of 2012, according to Fitch's latest report.
Flood losses more than doubled in past 10 years, study finds
Flood losses are increasing at an alarming rate and the insurability of floods provides unique challenges for the industry, according to Swiss Re's latest report.
Reinsurers to diversify more cautiously after 2011 cat losses
Reinsurers should tread with caution when looking to diversify their operations as increased exposure in natural-catastrophe prone regions could leave them open to large losses, Standard and Poor’s said today.