The M&A market in the Asia Pacific (APAC) region has been comparatively resilient in 2024, noted the global law firm Clyde & Co In its "Insurance Growth Report 2024 Midyear Update".
Euclid Transactional, a leading global managing general agent focused on transactional insurance underwriting and claims handling, has launched in the Asia Pacific (APAC) with a company in Singapore.
Lockton has appointed Mr Joseph Smart as Asia head for legal, risk and compliance, effective 16 September 2024.
Zurich Singapore has appointed Mr Edward Rayfield as head of casualty, APAC and Mr Robin Cooper-Driver as head of financial lines, APAC.
Major Asia Pacific reinsurance companies saw their composite's return on equity surge to 9.2% from 0.1% under IFRS 17, supported by a more stable investment environment and benign catastrophe activity, according to a new AM Best report.
MSIG Asia (MSIG) has announced that it has invested in a major stake in Serenity Health Partners (Serenity), a Singapore-incorporated health solutions provider.
The insurance industry should be prepared to experience total annual insured losses, from natural catastrophes and crop, of well more than $151bn on average, says Verisk, a New Jersey-headquartered global data analytics and risk assessment company.
Allianz Asia-Pacific reported a 5% year-on-year increase in total operating profit (OP) to EUR388m ($430m) for the first six months of 2024, with contributions from both Life/Health and Property-Casualty business segments, the company reveals in its interim financial statements.
Allianz Commercial has appointed Ms Jenny Wilhelm as head of distribution for Asia. In her new role, she will work closely with the Asia leadership team to drive the distribution and go-to-market strategies to deliver on overall smart growth ambitions across the Allianz Commercial businesses in Asia.
Texel Group has appointed Mr Davis Ng and Ms Hélène Heas as brokers. Both Mr Ng and Ms Heas join the Singapore office. In their new roles, they will be responsible for supporting the growth of Texel's business across the APAC region and in close collaboration with the global broking team, will further enhance the company's client solutions and market reach.