Posts Tagged

Asia-Pacific

AIA Group has reached an agreement with the Commonwealth Bank of Australia (CBA) to acquire CommInsure Life and Sovereign, CBA’s life insurance business in Australia and life and health insurance businesses in New Zealand. In addition, AIA will enter into 20-year strategic bancassurance partnerships with CBA in Australia and ASB Bank in New Zealand. The gross consideration to be paid with respect to the transaction is AUD3,800 million (which

PartnerRe in September 2017 announced the appointment of Jerome Matrundola to the new position of CEO, Life & Health, Asia Pacific. Matrundola will be responsible for growing and enhancing PartnerRe’s presence in the life and health reinsurance market in Asia Pacific, and will work with PartnerRe’s existing teams in Singapore and Zurich, leveraging PartnerRe’s Life and Health expertise and solutions to develop innovative, holistic reinsurance solutions specifically geared to

A July 2017 report by Research Nester indicates that the corporate travel insurance market expects to see robust growth from 2017 to 2024 at a rate of 8.6% per year (CAGR  – Compound Average Growth Rate) over the forecast period, thanks to an increase in business travel. The European region accounts for the largest market share in the global corporate travel insurance market, followed by Asia-Pacific, while Europe is

As it expands its employee benefits practice in Asia, global consulting and actuarial firm Milliman in July 2017 announced that Mark Whatley will join their ranks as a consulting actuary in Singapore, where he will focus on further developing the firm’s employee benefits business across multinational, local, and government-linked organizations. Whatley previously directed Willis Towers Watson’s benefits practice in South East Asia. A member and Fellow of the Singapore

WBN (Worldwide Broker Network) in June 2017 announced the addition of Pacific Prime as its latest member. Pacific Prime is a brokerage firm headquartered in Hong Kong, and a growing international health insurance advisor and property & casualty broker that leverages its close relationships with over 60 insurance companies. Founded in 1999 by Neil Raymond, Pacific Prime employs more than 400 staff including 35 nationalities. Raymond began his working career at Shell

Australian broker network Steadfast in June 2017 announced it had acquired a non-controlling stake in unisonBrokers, a German-US broker network based in Hamburg, Germany. The purpose of the deal is to grow the global distribution platform for both networks. Steadfast is the largest network of general insurance brokers in Australia and New Zealand and has 1,200+ offices across Australia, New Zealand, Asia and Europe. Many of its members also

The 2016 Asia Pacific Health Conference, to be held in Singapore on 14 July 2016, will share the findings of two studies by Willis Towers Watson pertaining to the Asia-Pacific region. The 2015/2016 Staying@Work survey will present how organizations take steps to develop and implement health and productivity programs to improve health culture and well-being. The 2015/2016 Global Medical Trends survey will show the results of medical cost tracking

In a January 2015, Cigna-commissioned “360° Well-Being” survey of motivations, perceptions, and attitudes toward overall “well-being” among the general public in Asia and other international markets, Hong Kong ranked last—and China led the pack. Countries surveyed in the Asia-Pacific region included South Korea, Thailand, and New Zealand. Hong Kongers perceive themselves as performing “poorly” across all health and well-being categories compared to other markets.