A new Asia Pacific catastrophe advisory group (APACCAG) launched by Guy Carpenter will offer clients direct access to the global risk and reinsurance broker's extensive catastrophe expertise and capabilities, including in-house analytics experts, scientific partners and public-sector specialists.
Ed, the global reinsurance, wholesale and specialty broker, has announced the appointment of Christina Ong as chairman of Ed Asia. Based in Singapore, Ms Ong assumes her role with immediate effect.
SCOR has announced that it will reduce the carbon intensity of its corporate bonds and listed equities portfolio by 27% by 2025, in order to reach its target to become net-zero on investments by 2050.
The Bahrain Insurance Association (BIA) has elected a new board of directors for the term 2021-2022, with Mr Jawad Mohammed as the chairman of the association.
Aviva Singlife the holding company established following the merger of Aviva Ltd and Singapore Life has appointed Kim Rosenkilde as group chief investment officer with effect from 8 April 2021. An industry veteran with over 30 years in financial markets, Mr Rosenkilde's appointment comes as Aviva Singlife Holdings strengthens its new leadership team and brings the best of its investment capabilities from Aviva Singapore and Singlife together under one brand.
AIA PUBLIC Takaful has announced the appointment of Mahani binti Amat as its board chairperson with effect from 6 April 2021. She succeeds Dato' Thomas Mun Lung Lee, who retires after successfully completing his tenure of directorship with the company.
The majority of global CEOs will wait for more than 50% of the population to be vaccinated before returning to the office and nine out of 10 leaders intend to ask their employees to report when they have been vaccinated in order to protect the wider workforce.
The Life Insurance Association of Malaysia (LIAM) has re-elected Loh Guat Lan, CEO of Hong Leong Assurance as LIAM president at its 47th Annual General Meeting held on 31 March 2021. She is supported by Raymond Lew, CEO & president of Sun Life Malaysia Assurance who has been appointed as the new vice president for the term 2021/2022.
The year 2020 was the fifth costliest year since 1970 with global insured losses totalling up to $89bn. According to The Sigma Natural catastrophes in 2020 published by Swiss Re Institute on 30 March 2021. Sigma puts the global economic losses caused by natural catastrophes in 2020 at $190bn of which the insurance industry covered $81bn.
China generated 53% of the world's total coal-fired power in 2020, nine percentage points more than five years earlier, despite climate pledges and the building of hundreds of renewable energy plants according to a new global data study