Price Forbes Singapore has appointed Ms Cassaundra Tan as director of employee benefits. In her new role, she will lead the development and expansion of the employee benefits division in Singapore and across international markets.
CEOs in the insurance sector are confident about their company's growth prospects over the next three years despite challenges in digital transformation, talent and sustainability, a survey of 120 sector leaders from across the world finds.
Lloyd's, the world's leading marketplace for insurance and reinsurance, has published a scenario which reveals the global economy could be exposed to losses of $14.5tn over a five-year period from the threat of a hypothetical geopolitical conflict causing widespread disruption to global trade patterns and supply chains.
Speakers at the 2024 Global Asia Insurance Partnership (GAIP) Summit explored the current landscape of protection gaps, while discussing global efforts to address these challenges and evaluating the effectiveness of these initiatives.
Aon has appointed Ms Emma Crookes as global head of the insurance vertical. In her new role, Ms Crookes will expedite the development of Aon's client leadership model to bring such capabilities to insurers in a coordinated way across the firm.
Global reinsurers will feel the impact of Hurricane Milton, S&P Global Ratings (S&P) has said but it does not foresee Milton overstepping the sector's annual catastrophe budgets.
Hurricane Milton will push global industry insured losses thus far in 2024 to over $100bn, which is the fifth consecutive year losses have crossed this threshold, Fitch Ratings has forecast.
Global sukuk issuances are rising following the US Fed's rate cut to 5% in September 2024, with financing conditions improving, Fitch Ratings says.
HSBC has appointed Mr William Chan as global CIO and head of investments for global insurance.
Members of the Association of Insurers and Reinsurers of Developing Countries are meeting at the 23rd AIRDC International Conference in Thailand, the first time that the southeast Asian country is hosting the event (AIRDC 2024).