Singapore insurance asset managers are increasingly turning to outside experts to manage their funds, driven by a growing demand for greater portfolio control and transparency.
QBE Re has appointed Mr Tanaka Soichiro as Head of Southeast Asia. In this newly created role, he will lead underwriting strategy for Southeast Asia, overseeing portfolio management and growth opportunities as the reinsurer continues to expand in Asia.
Price Forbes Singapore has announced the appointments of Mr Bruce Ford, Ms Florence Lam, Mr Goh Thian Leong and Mr Mark Foster to its newly formed treaty reinsurance team.
Called PRUActive Life V, this whole-of-life protection plan is aimed at families facing income disruption and added costs when a critical illness keeps someone away from work.
The marine insurance landscape is rapidly evolving in the wake of conflict in the Middle East. Also, a conflict involving Iran will have material implications for the insurance market in Singapore, given its role as a regional aviation hub and one of the world's leading maritime centres, according to Mr Nick Francis, Marine Partner at Kennedys, a global litigation and dispute resolution firm.
Allianz SE and Canada's Sun Life Financial are exploring bids for HSBC Holdings' insurance operations in Singapore, following the bank's announcement of a strategic review of the business, sources familiar with the matter indicated to the news agency Bloomberg.
Coface has appointed Ms Priscilla Ng as Commercial Director for Singapore. In her new role, she will be responsible for strengthening Coface's commercial strategy and empowering clients to better manage trade credit risks.
Aviation insurance has emerged as a critical pressure point as a consequence of the Middle East conflict. To minimise risk, Singapore-based aviation insurers and reinsurers would need to carefully manage exposure to hull war, passenger liability and third-party risks, according to Mr Tristan Thompson, Aviation Partner at Kennedys, a global litigation and dispute resolution firm.
Great Eastern is launching a dedicated client segment proposition for high-net-worth (HNW) individuals, as it seeks a bigger share of Asia's growing wealth and legacy-planning market.
Japanese insurance group, Tokio Marine & Nichido Fire Insurance will sponsor a $100m catastrophe band to provide collateral earthquake reinsurance protection.