Guy Carpenter has appointed Mr Richard Chu as managing director, credit, bond and political risk, global specialties. In his new role, he will be responsible for new business development across the APAC region by supporting client relationships in the areas of credit, bond and political risk.
The AIA Group has launched "AIA CAN: An Eco-Office Movement" (AIA CAN) - a large-scale, multi-year programme that seeks to empower over 25,000 employees across 18 markets to adopt environmentally conscious mindsets, attitudes and behaviours to create more sustainable workplaces and a healthier planet.
Insurance industry organisation, CRESTA, which provides a global standard for risk accumulation zones and natural catastrophe industry losses, has added the Japanese Noto Peninsula Earthquake in early 2024 to its CRESTA Industry Loss Index (CLIX).
Following challenging reinsurance renewals in 2023, which resulted in a global reset in property catastrophe pricing and retention levels, the 1 April renewals were more predictable and generally favourable to reinsurance buyers, according to Mr George Attard, CEO of Asia Pacific Reinsurance Solutions at Aon.
Sompo has appointed Mr Kenneth Reilly as CEO, insurance, subject to regulatory and immigration approvals. In his new role, he will be responsible for all of Sompo's insurance business across APAC.
Market volatility is impacting the investment outlook for insurers across segments and business lines, according to a survey by Mercer and Oliver Wyman.
In 2023, the Monetary Authority of Singapore (MAS) named four 'domestic systemically important insurers' - AIA Singapore, Income Insurance, Prudential Assurance and Great Eastern Life Assurance.
Health and safety (84%) overtook cyber attack, including cyber extortion (69%), as the top risk for directors and officers (D&O) in APAC this year, according to the 2024 Global Directors' and Officers' Survey Report from WTW and Clyde & Co.
Guy Carpenter has appointed Mr Ben Savill as CEO of Pacific, Mr Jeff Saper as head of GC facultative insurance, APAC and Mr Luc Moremont as regional sales leader, APAC. Mr Saper and Mr Moremont's roles will be effective from 1 July 2024.
The Deloitte Insurance Outlook 2024 indicated that many life insurers are repositioning in order to drive sustained and predictable growth.