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PwC pays $166 million to settle HK Evergrande audit probe

PwC pays $166 million to settle HK Evergrande audit probe

by AIP Online Bureau | Apr 23, 2026 | Eco/Invest/Demography, International News, Regulation, Risk Management

PwC “turned a blind eye” to Evergrande’s fraud, the Chinese securities regulator has said. PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant...
Markel expands its APAC W&I business, makes new appointments in Hong Kong and India

Markel expands its APAC W&I business, makes new appointments in Hong Kong and India

by AIP Online Bureau | Mar 25, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Kevin Leung, Chief Underwriting Officer, Asia-Pacific, said: “Expanding our W&I capabilities across Asia Pacific is a natural progression, as demand for highly technical transactional risk solutions increases. Establishing dedicated underwriting presence in Hong...
Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO

Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO

by AIP Online Bureau | Mar 24, 2026 | International News, Non-Life, Reinsurance

Victor Kuk, CEO, designate, Peak Re Kuk, who will be taking over from Apr 20, is currently based in Singapore and handles markets like India, Korea, Hong Kong and Taiwan, for Swiss Re. Hong Kong:Victor Kuk, Swiss Re’s Head of Client Markets for P&C...
Ardonagh continues expansion in Asia, acquiers Hong Kong’s Risk Management Insurance Brokerage

Ardonagh continues expansion in Asia, acquiers Hong Kong’s Risk Management Insurance Brokerage

by AIP Online Bureau | Feb 16, 2026 | Intermediaries, International News, Non-Life, Workplace/Employee Benefits

Founded in 1996, RMIB has built a business in Hong Kong, advising clients across Employee Benefits,Property & Casualty, transport-related risks, and niche international programmes London:The Ardonagh Group, one of the world’s leading independent insurance...
Hong Kong plans new crypto,infrastructure rules for insurers

Hong Kong plans new crypto,infrastructure rules for insurers

by AIP Online Bureau | Dec 22, 2025 | Eco/Invest/Demography, International News, Life, Non-Life, Regulation, Risk Management

The insurance regulator would impose a 100% risk charge on cryptoassets, according to a presentation on Dec. 4 seen by Bloomberg News. Stablecoin investments would attract risk charges based on the fiat currency the Hong Kong-regulated stablecoin is pegged to, the...
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