Country: Asean Page 1 / 2
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- September 30 2024
Seadrif targets Asean expansion as it ramps up advocacy to tackle bottlenecks
While it has achieved success in Laos, a significant protection gap persists in the region, highlighting the need for improved data management and government support for effective disaster risk solutions, chairman Yoshihiro Kawai tells IAN.
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- September 27 2024
Q&A: Sustainability considerations a key theme for Asean carriers, says Malaysian Re’s Azhari
The Malaysian reinsurer’s president and CEO Ahmad Noor Azhari lays out the regional insurance landscape and charts the carrier’s strategic ambitions in an exclusive chat with IAN.
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- September 4 2024
Cambodia to join Asean compulsory motor insurance system
The system provides vehicle mandatory third-party liability cover to vehicles transiting across the borders of 10 Asean countries.
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- August 22 2024
Vietnam non-life carriers’ H1 2024 revenue grows 12% to US$1.6bn
The country’s biggest non-life insurer PVI grew its revenue 65.7% YoY in the first six months of the year, according to the most recent data published by the Insurance Association of Vietnam.
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- July 25 2024
Seadrif adds Benedikt Signer to board as executive director
Signer has worked for The World Bank for over a decade, where he supported over 20 countries in actively managing potential losses from climate and disaster shocks.
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- June 7 2024
Seadrif FY2023 net profit up 84% on deferred income
The regional catastrophe risk platform saw loss from its insurance operations widen in 2023, but its profit was lifted by surplus grants from the MAS and the World Bank.
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- June 5 2024
Seadrif mandates Gallagher Re as its reinsurance broker and risk advisor
The broker will be also responsible for the placement of reinsurance in international markets and the provision of strategic advisory services to the Asean cat risk facility.
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- June 3 2024
Seoul Guarantee Insurance partners Asuransi Asei to grow Indonesian surety presence
The two insurers will explore new revenue models and establish joint underwriting and reinsurance plans for the surety and credit insurance markets.
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- May 16 2024
Kay International AMEA appoints deputy chief broking officer for SE Asia
Singapore-based Yan has 24 years of facultative reinsurance, retro placement and broking experience across South-East Asia.
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- May 13 2024
Italian trade credit insurer SACE opens offices in Singapore and Vietnam
The government-backed export credit agency and insurer will look to facilitate Italian businesses operating in South-East Asia.
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- May 10 2024
Great Eastern owner OCBC makes US$1bn take-private offer
The offer for the outstanding 11.56% values the Singaporean insurer at US$8.9bn, which represents a 37% premium over the insurers last traded price.
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- May 9 2024
Lexasure-owned Front Street Re appoints Edison Fong as CEO
New York-based Fong joins from reinsurer Converge Re, where he was a director focusing on reinsurance in life and annuities markets in the US.
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- March 7 2024
Australia’s US$1.3bn Asean push puts insurance high on the agenda
The SEAIFF will provide loans, guarantees, equity and insurance for projects that would boost trade and investment, particularly in support of the region's clean energy transition and infrastructure development.
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- December 15 2023
Seadrif Insurance hires Ellen Yong as chief operating and financial officer
Yong, who is relocating to Singapore from Bermuda, will lead the development of internal infrastructure and systems for the Asean catastrophe risk facility.
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- December 11 2023
WTW rejigs South-East Asia, Singapore corporate risk and broking leadership
Rupert Roberts will take on a new role as head of South-East Asia for corporate risk and broking, while Christine Lau will lead the team in Singapore.
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- December 8 2023
Asean reinsurers to set up regional renewable energy pool
Six South-East Asian reinsurers including Malaysian Re, which will be the pool manager, Indonesia Re, VinaRe, Cambodia Re, Thai Re and Nat Re have pledged to provide underwriting capacity.
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- December 5 2023
Asean insurers resilient to impacts of inflation, monetary tightening: Malaysian Re
Carriers reacted with a mix of measures including price hikes, tighter terms, reallocation of capacity and screening of their portfolios, according to the reinsurer's annual Asean insurance pulse publication.
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- November 20 2023
Vietnam connects to Asean compulsory motor insurance system
Bao Viet Insurance is the only Vietnamese carrier approved to issue blue cards that prove that a vehicle has third-party liability cover to be used across Asean borders.
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- October 31 2023
SIRC: SIRC kicks off with focus on Asean co-operation, data and cyber, climate risks
Ravi Menon, managing director of the Monetary Authority of Singapore, warns there is not enough data on economic exposure to perils such as nat cats and cyberattacks.
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- October 23 2023
HDI Global appoints Cristiano Pizzocheri as head of market management
Pizzocheri was most recently chief strategy and digital officer for Ergo Insurance Singapore.
