Howden has appointed Ms Dorygel Calimlim as divisional director, head of aviation for APAC. In her new role, she will head Howden's newly launched regional aviation hub in Singapore.
Sun Life has appointed Mr Niall Grady as CRO for Asia, effective 16 September 2024. In his new role, Mr Grady will support the acceleration of Sun Life's strategy and growth aspirations in Asia through active risk management and coordinated risk initiatives. He will also play a role in effective governance and ensuring synergies across operations in Asia.
Prudential plc has announced that its new business profit amounted to at $1,468m for the first half of 2024. This was up by 8% (6% on actual exchange rate basis) excluding the effect of interest rate and other economic impacts and up 1% (down by 1%) after allowing for these impacts.
Hong Kong-headquartered Pan-Asian life and health insurance group, FWD Group Holdings, has reported an operating profit after tax of $223m for the the six months ended 30 June 2024. This figure is stable when compared to the corresponding period in 2023.
In 2023, there were 85 combined Nat CAT and manmade disasters in Asia, according to Swiss Re's sigma report, Natural catastrophes in 2023: Gearing up for today's and tomorrow's weather risks. The economic loss, the report said, was $49.6bn, of which $7.8bn was insured.
Lockton has appointed Mr Richard Turner as Asia head of market management group (MMG). In his new role, he will establish Lockton Asia's market-leading carrier management function by building and launching MMG for the region.
SCOR has appointed Ms Chloe Wang as head of SCOR L&H APAC. This newly created role was formed by combining L&H fast growth markets APAC and L&H mature markets APAC.
Pan-Asia insurer AIA Group yesterday announced that it had chalked up a record value of new business (VONB) for the first half of this year, which rose by 25% to $2,455m.
Prudential has expanded its alliance with Google Cloud to develop artificial intelligence (AI)-powered products and solutions.
Australia has dealt with cyber breaches of some major companies including financial and insurance companies, says QBE Insurance.