Claims – InsuranceAsia News https://insuranceasianews.com/industry_segments/claims/ Mon, 22 Dec 2025 02:43:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Wang Fuk Court fire insurance payouts exceed US$33m: HKIA https://insuranceasianews.com/wang-fuk-court-fire-insurance-payouts-top-us33m-hkia/ Sun, 21 Dec 2025 23:29:59 +0000 https://insuranceasianews.com/?p=207488 General insurers have processed 1,038 clams with total payout of around US$26m in the three weeks since the fire, the regulator said.

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In the three weeks since the fire at Wang Fuk Court in Tai Po, total insurance payouts by insurers have exceeded HK$257 million (US$33 million), according to the Hong Kong Insurance Authority (HKIA).
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]]> Sri Lanka flood claims manageable for insurers, reinsurers to absorb non-motor losses: Fitch https://insuranceasianews.com/sri-lanka-flood-claims-manageable-for-insurers-reinsurers-to-absorb-non-motor-losses-fitch/ Thu, 18 Dec 2025 03:05:08 +0000 https://insuranceasianews.com/?p=207252 National Insurance Trust Fund, as Sri Lanka's sole reinsurer, faces greater exposure amid lack of retrocession cover from recent flooding due to Cyclone Ditwah.

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Insured losses arising from recent flooding due to Cyclone Ditwah are likely to be limited for most rated insurers in Sri Lanka because of low retention levels in the non-motor segment and reinsurance...

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]]> Berkley Insurance Asia appoints Caroline Chan senior commercial lines underwriter for greater China https://insuranceasianews.com/berkley-insurance-asia-appoints-caroline-chan-senior-commercial-lines-underwriter-for-greater-china/ Thu, 18 Dec 2025 02:48:22 +0000 https://insuranceasianews.com/?p=207245 Hong Kong-based Chan joins the specialty carrier, having spent the last four years at Chubb.

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Berkley Insurance Asia has appointed Caroline Chan as a senior underwriter for commercial lines for greater China, according to a LinkedIn update.
Hong Kong-based Chan (pictured) will work closely wit...

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]]> Allianz Commercial Japan hires HDI’s Darren Livengood as claims leader https://insuranceasianews.com/allianz-commercial-japan-hires-hdis-darren-livengood-as-claims-leader/ Tue, 16 Dec 2025 02:48:58 +0000 https://insuranceasianews.com/?p=207004 Tokyo-based Livengood was previously head of claims for Japan at HDI for over five years.  

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Allianz Commercial has appointed Darren Livengood as director and general manager of claims for Japan, according to a LinkedIn update by the insurer’s head of HR, Tomoko Arata.
Tokyo-based Livengood (...

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]]> East Coast hailstorms to costs insurers US$736m: Perils https://insuranceasianews.com/east-coast-hailstorms-to-costs-insurers-us736m-perils/ Mon, 15 Dec 2025 08:43:35 +0000 https://insuranceasianews.com/?p=206929 Figure covers property and motor hull lines of business collected from the majority of affected insurance firms for the hailstorms in Queensland, New South Wales and Victoria between October 26 and November 1.

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Hailstorms which hit Australia's east coast in October and November will cost insurers AU$1.1 billion (US$736 million), according to an initial industry loss estimate from Zurich-based loss data speci...

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]]> Helvetia snaps up Alex Lee as Asia claims manager https://insuranceasianews.com/helvetia-snaps-up-alex-lee-as-asia-claims-manager/ Mon, 15 Dec 2025 05:03:14 +0000 https://insuranceasianews.com/?p=206900 Singapore-based Lee joins from Mapletree, having also worked for Chubb and Marsh.

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Alex Lee has joined Helvetia Swiss Insurance as its claim manager for Asia, he said in a LinkedIn update.
Singapore-based Lee (pictured) joins from real estate developer Mapletree, where he served as ...

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]]> Rising cost of Queensland, New South Wales hailstorms creates ‘challenging months ahead’ https://insuranceasianews.com/rising-cost-of-queensland-new-south-wales-hailstorms-creates-challenging-months-ahead/ Fri, 12 Dec 2025 10:00:14 +0000 https://insuranceasianews.com/?p=206511 Market has seen a high volume of claims across a widespread area, along with water ingress and related property damage, spanning domestic and commercial sectors.

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The severe hail and intense storms that swept across Southeast Queensland and large areas of New South Wales in late November could be the costliest natural hazard event of the current financial year,...

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The post Rising cost of Queensland, New South Wales hailstorms creates ‘challenging months ahead’ appeared first on InsuranceAsia News.

]]> ‘China Taiping good enough on its own’ after Wang Fuk Court fire, HKIA CEO Clement Cheung says https://insuranceasianews.com/china-taiping-good-enough-on-its-own-after-wang-fuk-court-fire-hkia-ceo-clement-cheung-says/ Mon, 08 Dec 2025 09:46:45 +0000 https://insuranceasianews.com/?p=206341 About 10,000 active life insurance policies from 35 insurers and 1,800 property policies from 35 insurers have been identified as having been issued to residents, he adds.

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China Taiping (Hong Kong) is expected to remain resilient without the need for additional external support following last month's deadly fire at the Wang Fuk Court public housing estate, where it was ...

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The post ‘China Taiping good enough on its own’ after Wang Fuk Court fire, HKIA CEO Clement Cheung says appeared first on InsuranceAsia News.

]]> 30 Hong Kong insurers issued over 8,700 life, property policies to Wang Fuk Court residents: HKIA https://insuranceasianews.com/30-hong-kong-insurers-issued-over-8700-life-property-policies-to-wang-fuk-court-residents-hkia/ Thu, 04 Dec 2025 07:12:49 +0000 https://insuranceasianews.com/?p=206099 Hong Kong Insurance Authority (HKIA) CEO Clement Cheung says the authority has set up a special task force, led by senior executives, following last week's deadly blaze.

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About 30 Hong Kong insurers issued more than 7,600 life insurance and 1,100 property policies to residents of Wang Fuk Court, according to the Hong Kong Insurance Authority.
Insurance Authority CEO Cl...

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]]> Berkley Re Asia elevates Si Wei Tay to head of claims, Billy Kwan to property and business support head https://insuranceasianews.com/berkley-re-asia-elevates-si-wei-tay-to-head-of-claims-billy-kwan-to-property-and-business-support-head/ Tue, 02 Dec 2025 04:55:21 +0000 https://insuranceasianews.com/?p=205850 Singapore-based duo held the positions of senior reinsurance claims officer and underwriting manager, respectively, before the promotions.

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Berkley Re Asia has promoted Si Wei Tay to head of claims, and Billy Kwan to head of property and business support, according to LinkedIn posts from the reinsurer.
Tay has held the position of senior ...

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