Euler Hermes has appointed Mr Bora Akyildiz as regional head of surety and guarantee for Asia Pacific, a role previously held by Mr Stéphane Fauré. Mr Akyildiz will be based in Hong Kong.
GoBear has announced the appointment of Mr Kent Huang, as CFO. With over two decades of finance experience across the Asia Pacific region, he joins GoBear from Singapore-based peer-to-peer lending platform, Funding Societies.
Willis Towers Watson has announced the appointment of Mr Wise Xu as country leader of China. Mr Xu also retains his current position as head of corporate risk and broking (CRB) in China. The new appointment will take effect September 1 2020. He takes over from Ms Smilla Yuan who is leaving Willis Towers Watson (WTW) to take on a new challenge outside the company.
Lloyd's has announced the appointment of Pavlos Spyropoulos as country manager, Singapore and CEO, Lloyd's Asia.
Oneglobal Broking (Oneglobal) has announced the establishment of Oneglobal Group Asia and that its first operating company, Oneglobal Broking Hong Kong, has received regulatory approval from the Insurance Authority. Asian broking leader Mr Anthony Langridge is appointed chairman of Oneglobal Hong Kong, reporting to Oneglobal group chairman and chairman of Oneglobal Group Asia Mr Jonathan Palmer Brown.
Sedgwick has appointed Mr Takeshi Nagao as managing director for its operations in Japan.
For displaying bold leadership and driving a team of five that has grown to 50 members in a short span of two years as well as propelling his company to greater heights and contributing to the growth of the life insurance industry in Sri Lanka, Lahiru Maduranga from Softlogic Life Insurance PLC was named Rookie Insurance Agency Leader of the Year at the 5th Asia Trusted Life Agents & Advisers Awards 2020.
Despite a record early start to the Atlantic Hurricane Season, the most significant natural peril events were noted in Asia during July. An active monsoon season prompted more than $20bn in flood-related damage in parts of China, Japan, India and Bangladesh during the month alone, Mr Michal Lorinc, catastrophe analyst on the Impact Forecasting team at Aon, says.
Over the last few months many insurers in the US, UK and Europe have found themselves embroiled in lawsuits filed against them by companies whose COVID-19-related BI claims they rejected. This, however, has not been the case in Asia.
Insurers will need to change how they support agents to help them become more resilient in the face of the pandemic and prepare to thrive in the post-COVID-19 world.