Travel – InsuranceAsia News https://insuranceasianews.com/industry_segments/travel/ Thu, 23 Oct 2025 08:27:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Allianz in pole position to buy Nib Holdings’ travel business: report https://insuranceasianews.com/allianz-in-pole-position-to-buy-nib-holdings-travel-business-report/ Thu, 23 Oct 2025 08:27:21 +0000 https://insuranceasianews.com/?p=202676 Besides Allianz, two other bidders are interested in Nib Holdings' travel insurance business, according to an AFR report.

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German insurer Allianz emerged as the frontrunner in the race to acquire the travel insurance division of Australia's Nib Holdings, according to a report in The Australian Financial Review (AFR)  on T...

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]]> Zurich Cover-More announces new CEO as Asia veteran David Fike prepares to retire https://insuranceasianews.com/zurich-cover-more-announces-new-ceo-as-asia-veteran-david-fike-prepares-to-retire/ Fri, 13 Jun 2025 02:52:58 +0000 https://insuranceasianews.com/?p=192829 Jeff Rutledge will take over as chief executive of the Sydney-based travel insurer from July 1, while Emily Yoo has been handed an expanded role to lead integration with Travel Guard.

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Zurich Cover-More, the travel insurance and assistance provider which is part of Zurich Global Ventures, has appointed Jeff Rutledge as CEO, effective from July 1, as incumbent David Fike is set to re...

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]]> Tune Protect’s insurance revenue up 4% to US$87.2m in FY24 https://insuranceasianews.com/tune-protect-2024/ Sun, 02 Mar 2025 22:00:18 +0000 https://insuranceasianews.com/?p=177515 Net insurance service result more than doubled, mainly attributable to improvement in the acquisition cost due to changes in the company's portfolio mix, as well as a lower reinsurance ratio.

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Tune Protect Group's annual revenue rose by 4% to MYR389.2 million (US$87.2 million), despite a slight quarter-on-quarter dip in insurance revenue, according to the company's earnings report.
Improved...

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]]> Allianz Partners names Dominic Ganter as MD for Greater SE Asia https://insuranceasianews.com/allianz-partners-names-dominic-ganter-as-md-for-greater-se-asia/ Wed, 05 Feb 2025 03:15:43 +0000 https://insuranceasianews.com/?p=175131 Gantner, who joined the company in 2019, was most recently managing director for Southeast Europe.

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Allianz Partners, a B2B2C insurance and assistance services provider, has appointed Dominic Gantner as managing director for Greater Southeast Asia (GSEA), effective from March 1, according to a press...

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]]> Tune Protect Re to post moderate underwriting growth going forward: AM Best https://insuranceasianews.com/tune-protect-re-to-post-moderate-underwriting-growth-going-forward-am-best/ Fri, 13 Dec 2024 01:33:22 +0000 https://insuranceasianews.com/?p=171836 The rating agency upgrades TPR’s rating to “bbb+” (good) from “bbb” (good), revises long-term outlook to stable from positive.

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Malaysia’s Tune Protect Re (TPR) could exhibit moderate underwriting growth over the medium term, driven by revival in travel insurance post-Covid, AM Best said.
The company reported a healthy operati...

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]]> Typhoon Shanshan set to trigger significant BI, property losses, weigh on reinsurance market   https://insuranceasianews.com/typhoon-shanshan-to-lead-to-significant-bi-property-losses-weigh-on-reinsurance-market/ Sun, 01 Sep 2024 23:30:03 +0000 https://insuranceasianews.com/?p=161733 While the impact on reinsurance is unclear now, repeated or severe cat events in the area in the future may prompt reinsurers to reduce their underwriting commitments or increase premiums.

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Typhoon Shanshan, that made landfall in southwest Japan on August 29 as the strongest to hit the country in decades will lead to property and business interruption losses due to substantial damage to ...

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]]> Tune Protect H1 2024 insurance revenue drops 15.2% to US$43.7m https://insuranceasianews.com/tune-protect-h1-2024-insurance-revenue-drops-15-2-to-us43-7m/ Wed, 28 Aug 2024 11:00:41 +0000 https://insuranceasianews.com/?p=161527 Its COR deteriorated to 107.5% versus 95.4% in H1 2023 due to the higher net incurred claims and attributable expenses.

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Tune Protect Group has reported a 15.2% drop in insurance revenue at MYR190 million (US$43.7 million) for the first six months of 2024 (H1 2024), according to the company interim financial results.
Th...

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]]> Mpox cases with deadlier strain send jitters across Asian P&C market https://insuranceasianews.com/monkeypox-spread-has-potential-to-unsettle-asia-pc-market/ Mon, 26 Aug 2024 23:30:14 +0000 https://insuranceasianews.com/?p=161234 While the number of cases is still limited in the region, a potential spreading of the virus, especially the mutated clade 1b strain, could disrupt fragile supply chains already impacted by the curtailment of shipping in the Red Sea and result in potential BI losses.

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Just as the global economy has seemingly recovered from the recent Covid-19 pandemic, all it needed was a warning from the World Health Organization (WHO) that governments need to sit up and take noti...

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]]> Tune Protect Thailand appoints MSIG’s Sasivimol Choladda as CEO https://insuranceasianews.com/tune-protect-thailand-appoints-msigs-sasivimol-choladda-as-ceo/ Mon, 26 Aug 2024 08:25:27 +0000 https://insuranceasianews.com/?p=161264 Bangkok-based Choladda will report to the recently appointed company group CEO How Kim Lian.

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Tune Protect Thailand, an associate company of Malaysian travel-focused carrier Tune Protect Group, has hired Sasivimol Choladda as its new CEO, according to a press release.
Bangkok-based Choladda (p...

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]]> Zurich-owned Cover-More announces new group CEO https://insuranceasianews.com/zurich-owned-cover-more-announces-new-group-ceo/ Thu, 04 Jul 2024 03:03:20 +0000 https://insuranceasianews.com/?p=157330 David Fike will lead the company through a significant integration phase following Zurich's acquisition of AIG's global personal travel insurance and assistance business.

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Zurich-owned global travel insurer Cover-More Group has appointed David Fike as its new chief executive with immediate effect.
The move followed Zurich Insurance's recent acquisition of AIG’s global p...

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