Country: Macau Page 1 / 5
-
- September 6 2024
Typhoon Yagi wreaks havoc in Vietnam, China losses top US$100m
The storm has been downgraded to a tropical depression but the Vietnamese meteorological bureau has cautioned about ongoing risks of landslides and flooding as it continued to move westwards.
-
- September 6 2024
Super typhoon Yagi set to bear down on southern China, Vietnam
The most intense tropical cyclone in decades in the South China Sea is expected to have severe impact in Hainan, southern China and northern Vietnam.
-
- August 5 2024
Axa debuts parametric heatwave cover for Hong Kong, Macau outdoor workers
Insured individuals are eligible to receive a payout of US$12.9 each, or an ‘anti-heatwave kit’ of an equivalent value, without the need to submit claims or prove damage or loss.
-
- July 10 2024
Axa elevates Torsten Blake Bohm as CIO for Hong Kong, Macau
Bohm, who has held a number of senior roles with Axa in Hong Kong, replaces Fanda Ho, who is understood to have left the carrier.
-
- June 13 2024
Nova Insurance sees ‘unique’ greater China proposition driving growth
The independent Hong Kong broker is considering both organic and inorganic routes to expand its presence across business lines in the SAR and mainland China, says managing director Patrick Chan.
-
- June 6 2024
Macau could implement RBC by 2027: report
An Insurance Supervision Department's representative told IAN that the date of the implementation of the risk-based capital regime is not yet finalised as further industry discussions are required.
-
- June 5 2024
AIG elevates Ivan Ho to head of casualty, Hong Kong and Macau
Singapore-based Ho has been the carrier's environmental underwriting lead for Asia Pacific since June 2021.
-
- March 22 2024
China Taiping Macau’s 2023 COR and outlook remain stable: AM Best
The rating agency affirmed the insurer's financial strength rating of ‘A’ (Excellent) with a stable outlook, citing its strong balance sheet and operating performance.
-
- February 19 2024
Axa XL appoints AIG’s Chris Cheng as Hong Kong head of casualty
Cheng will be responsible for developing casualty portfolio across Hong Kong, China and Macau.
-
- December 6 2023
Fidelidade Macau benefits from parent support, strong capital adequacy: Fitch
The rating agency has upgraded the P&C carrier's financial strength rating to A with a stable outlook, noting Macau's post-pandemic recovery.
-
- December 5 2023
WTW takes Aon’s Ellen Fung to lead large accounts for Hong Kong and Macau
In her new role, Hong Kong-based Fung will work closely with the broker's regional team on large accounts market strategy and client development.
-
- November 21 2023
AIG promotes Doris Chan to head of financial lines, Hong Kong & Macau
Hong Kong-based Chan will take over from Cynthia Sze, who was promoted to general manager for Hong Kong and Macau last month.
-
- October 26 2023
AIG names Cynthia Sze general manager for Hong Kong and Macau
Hong Kong-based Sze was most recently AIG's head of financial lines for Hong Kong, Macau, Taiwan and China.
-
- October 23 2023
Luen Fung Hang’s 2022 COR at 58%, bancassurance model gives competitive advantage: AM Best
Macau’s second-largest general insurer’s financial strength rating of A(Excellent) has been affirmed.
-
- October 2 2023
Taiping Re’s ratings affirmed as operating performance turnaround continues: AM Best
The reinsurer is building on its leadership position in Greater China and expanding in South-East Asia.
-
- September 20 2023
CIB’s chairman Alex Yip eyes GBA opportunities for Hong Kong’s specialty market
Since transitioning away from being a self-regulatory body, the Confederation of Insurance Brokers is focusing on redeveloping the city as a ‘key hub’ for the Asian (re)insurance sector.
-
- September 19 2023
AIG makes Matthew Pereira head of commercial property, Hong Kong, Macau and Taiwan
Pereira had joined AIG as a data analyst in London and has gained experience in underwriting, primarily property-related portfolio and nat cat risks.
-
- September 12 2023
QBE takes Richard Chien from Taiping Re as Greater China property head
Hong Kong-based Chien will be responsible for leading the insurer's teams in Hong Kong and Macau.
-
- September 8 2023
Marsh HK’s Duncan Stockley heads risk management client services as Nick Cousins continues as chief client officer
Stockley's new position is concurrent with his head of placement and specialties’ roles, while Cousins will concentrate on clients.
-
- September 4 2023
Typhoon Saola triggers claims across Hong Kong, Macau, China and the Philippines as Haikiu hits Taiwan
The storm to bring loss accumulation of tens of millions of dollars from flooding, crop damage, car and yacht write-offs, flight disruptions, fallen solar panels and trees.
