Former Nexus Asia CEO Jeremy Austen has joined HWI International Group to launch NuVu Underwriting, a managing general agent based in Hong Kong.
Australian carrier QBE has named Inder Singh as its new group chief financial officer (CFO), replacing Michael Ford who is leaving the company.
Beazley has appointed Lucien Mounier to head its Asia Pacific operations based out of Singapore.
Tokio Marine Kiln’s (TMK) former regional underwriting director for Asia, Alex Dugland has been named the carrier’s new managing director for the region.
Anbang has been bailed out to the tune of RMB60.8bn ($9.66bn) just months after the country’s insurance regulator took over the firm in the wake of its chairman’s arrest.
Mitsui Sumitomo (MSI) and Aioi Nissay Dowa (ADI), both subsidiaries of Japanese insurance giant MS&AD, have jointly sponsored a $320mn (33.9bn yen) cat bond for natural catastrophe risks in the country.
Indian reinsurance powerhouse GIC Re has finally realised its ambition of owning a Lloyd’s platform and become the fifth full Lloyd’s syndicate start-up for 2018 after its Syndicate 1947 began incepting risks at 1.4.
Wu Xiaohui, the former chairman of Chinese insurer Anbang who was arrested as part of a broader crackdown on the country’s financial system last year, has denied all charges against him at the start of his trial in Shanghai today (28 March), according to reports.
Catastrophe data provider Perils has finalised its loss estimate for Cyclone Debbie which swept across parts of Queensland and New South Wales last year at AUD1.74bn ($1.33bn).
Berkshire Hathaway Specialty Insurance (BHSI) is continuing to make a concerted push into Australia as it opens a new office in Perth
Former head of the China Banking Regulatory Commission (CBRC) Guo Shuqing has been named the new chief of a joint insurance and banking regulator as the country looks to crackdown on risky financial practices.
Chinese insurance giant Ping An saw its property and casualty premiums surge by more than over 12 percent in 2017 as it wrote more than RMB200bn ($31.58bn) of business.
An underwriting subsidiary of now-defunct CBL has instructed broker Ed to fill the approximately EUR33mn hole left in its capacity supply by the failure of Danish insurer Alpha, re-Insurance.com understands.
JLT Re has appointed Vinod Krishnan CEO of treaty business in Asia.
Indian reinsurer GIC Re has been given the go ahead for its Lloyd’s syndicate — GIC Syndicate 1947 – to begin writing business in Lloyd’s from 1st April, according to local media reports.
China is set to combine its insurance and banking regulatory oversight bodies as leader Xi Jinping accelerates his campaign to clean up the country’s heavily-leveraged financial system.
Japan’s six largest reinsurance renewals at 1.4 are expected to come in flat after years of compound rate reductions, with international markets reluctant to countenance further cuts in the wake of a relatively stronger 1.1 this year, re-Insurance.com understands.
The China Insurance Regulatory Commission (CIRC) has issued new rules for reporting of insurance companies’ equity ownership amid concerns over the transparency of investors’ holdings and source of funds.
With a soothsayer ability to make Mystic Meg blush, Angerstein predicted last week that there may be one empty seat at the prestigious EY World Entrepreneur of the Year awards in Monte Carlo in June 2018.
A day after Danish Alpha Insurance said it was entering “solvent” run-off, the Danish financial regulator, DFSA, has said the distressed carrier “no longer complies with the minimum capital requirement” which may have “negative implications for the policyholders”.