Singapore Archives - InsuranceAsia News https://insuranceasianews.com/country/singapore/ Wed, 16 Oct 2024 03:50:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Sedgwick appoints ex FWD Singapore CEO as Asia finance director https://insuranceasianews.com/sedgwick-appoints-fwds-kee-eng-khor-as-asia-finance-director/ Wed, 16 Oct 2024 03:30:16 +0000 https://insuranceasianews.com/?p=164916 Kee Eng Khor will be based in Singapore supporting the loss adjuster's Asia finance teams, regional leadership team and business units.

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Global loss adjuster Sedgwick has named Kee Eng Khor its new Asia finance director, according to a LinkedIn post by Veronica Grigg, CEO of Asia of the company.
“[Khor] will be based in Singapore suppo...

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]]> Price Forbes Singapore hires Honan’s Cassaundra Tan as director of employee benefits https://insuranceasianews.com/price-forbes-singapore-hires-cassaundra-tan-as-director-of-employee-benefits/ Tue, 15 Oct 2024 10:03:24 +0000 https://insuranceasianews.com/?p=164868 Tan will lead the development and expansion of the employee benefits division in Singapore and across global markets, reporting to Asia Pacific chief executive Philip Johnson.

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Ardonagh Group-owned specialty broker Price Forbes Singapore has hired Cassaundra Tan as director of employee benefits, effective September, the company said in a press statement.
In her new role, Tan...

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]]> Specialist Risk Group makes Asia foray with Singapore acquisition https://insuranceasianews.com/specialist-risk-group-makes-asia-foray-with-singapore-acquisition/ Tue, 15 Oct 2024 08:09:14 +0000 https://insuranceasianews.com/?p=164831 The Temasek and Warburg Pincus-backed UK intermediary has agreed to acquire broker HL Suntek.

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London-based broker Specialist Risk Group (SRG) has announced its launch in Asia Pacific with the acquisition of Singaporean intermediary HL Suntek Insurance Brokers.
SRG’s newly established subsidiar...

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]]> Allianz, NTUC Enterprise and Income to review government’s objections to the deal https://insuranceasianews.com/allianz-ntuc-enterprise-and-income-to-review-governments-objections-to-the-deal/ Tue, 15 Oct 2024 04:42:04 +0000 https://insuranceasianews.com/?p=164781 Allianz said it will consider revisions to the proposed transaction structure, while the government clarified that it is open to future new proposals if its concerns are addressed.

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Allianz, Income Insurance and its parent NTUC Enterprise said they are reviewing the Singapore government's objection to the proposed merger.
In response to the government blocking the German insurer'...

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]]> Singapore government rejects Allianz-Income deal https://insuranceasianews.com/singapore-government-rejects-allianz-income-deal/ Mon, 14 Oct 2024 06:01:02 +0000 https://insuranceasianews.com/?p=164721 "The government has assessed the proposed transaction and has decided that it would not be in the public interest for the transaction, in its current form, to proceed," minister Edwin Tong told parliament today.

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The Singapore government has intervened to stop Allianz’s proposed acquisition of local insurer Income, according to a report by Singapore's business media CNA.
"The government has assessed the propos...

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]]> WTW hands Ivy Lee an expanded role of Asia food and beverage industry leader https://insuranceasianews.com/wtw-hands-ivy-lee-an-expanded-role-of-asia-food-and-beverage-industry-leader/ Mon, 14 Oct 2024 03:10:29 +0000 https://insuranceasianews.com/?p=164705 Singapore-based Lee will focus on developing bespoke risk financing solutions for complex F&B organisations across Asia while also retaining her current role as head of property for the region.

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Global broker WTW has named Ivy Lee as the food & beverage (F&B) industry leader in Asia within its corporate risk & broking business in addition to her current position of Asia head of pr...

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]]> Brown & Brown completes acquisition of Singaporean broker Acorn https://insuranceasianews.com/brown-brown-completes-acquisition-of-singaporean-broker-acorn/ Thu, 10 Oct 2024 03:28:22 +0000 https://insuranceasianews.com/?p=164553 First announced in January, the deal by the US group's European arm Bridge Specialty is the brokerage group's second in the region after it entered Hong Kong last year through the acquisition of Capstone Brokers.

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Bridge Specialty International, US broking giant Brown & Brown Europe's wholesale and specialty brokerage group, has completed the acquisition of Singaporean broker Acorn International Network. Th...

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]]> Asian power insurance sector sees a return to ‘buyers’ market’: WTW https://insuranceasianews.com/china-singapore-power-insurance-rates-see-flat-to-slight-reduction-wtw/ Tue, 08 Oct 2024 09:43:21 +0000 https://insuranceasianews.com/?p=164332 Renewal rates outside China are seeing a reduction of up to 10% for well-managed assets and rates are expected to further soften over the next 12 months.

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The Asian power insurance market is set to turn into a “buyers’ market” as ready availability of capacity, and lack of large losses are driving down prices, according to a sector report by WTW.
After ...

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]]> QBE Singapore elevates Joyce Cheong to head of claims, people & asset risk https://insuranceasianews.com/qbe-singapore-elevates-joyce-cheong-to-head-of-claims-people-asset-risk/ Mon, 07 Oct 2024 04:35:16 +0000 https://insuranceasianews.com/?p=164245 Cheong is responsible for all people-related risk claims such as accident, health, workers compensation and injuries, and asset-related losses including property, motor and engineering damages.

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QBE Insurance Singapore has promoted Joyce Cheong as head of claims, people & asset risk for Singapore. Singapore-based Cheong was previously claims manager, motor and accident & health, accor...

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]]> Coface names Ronald Chai as head of commercial for Singapore https://insuranceasianews.com/coface-names-ronald-chai-as-head-of-commercial-for-singapore/ Thu, 03 Oct 2024 07:28:27 +0000 https://insuranceasianews.com/?p=164046 Chai takes over from Peter Elder, who has been promoted in May to regional head of banks & financial institutions for Asia Pacific based in Singapore.

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Trade credit insurer Coface has hired Ronald Chai as head of commercial for Singapore effective October 1, replacing Peter Elder who has been promoted in May to regional head of banks & financial ...

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