Collin Yap appointed CEO of Marsh Singapore

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Marsh has appointed Collin Yap as CEO of its Singapore operations. He reports to James Addington-Smith, CEO for South Asia.

In his new role, Yap will be in charge of delivering Marsh’s range of services and solutions to clients of all sizes across Singapore. He succeeds Iris Teo, who has taken a regional leadership role as Marsh’s insurer consulting group leader for Asia.

Prior to this appointment, Yap was deputy CEO of Marsh Singapore, a role he took up in 2019. Before that, he was CEO of JLT Singapore for four years, and president commissioner of JLT Indonesia for two

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NTUC Income launches advisor recruitment programme

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According to Income, SMA is the only programme in the industry that offers integrated career tracks in financial advisory that range from tied advisors, to retail and financial advisors. This, it said, gives participants holistic exposure to the insurance industry and financial advisory before they decide on a career track to pursue.

The 18-month programme has a starting monthly base remuneration of SG$2,900, providing participants with income as they take their exams to obtain relevant licences.

After obtaining their licences, participants will receive on-the-job training at Income’s Retail Financial Service (RFS) branches as well as one-on-one mentorship from Income’s senior

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Howden invests in DUAL Group’s reinsurance arm

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International insurance group, Howden Group Holdings, has invested US$84 million to support Tamesis DUAL Ltd (Tamesis), the reinsurance division of DUAL Group – the world’s largest MGA. The transaction represents the first underwriting capital investment for Howden Group.

The additional capacity has been in place since January 01, 2021, with the capital provided by Howden Group and a third-party investor.

David Howden, CEO of Howden Group Holdings, said the investment represents what the group can do for its clients when it uses deep expertise from across the group, such as Howden Reinsurance, Howden Capital Markets, Tamesis, and DUAL.

“It demonstrates

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Allianz sets climate goals for investments

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Allianz has revealed concrete interim targets for reducing greenhouse gas emissions in its investment portfolio of policyholder funds. This is the first time the global insurer has done so, and it is in support of its stated goal of climate neutrality by 2050.

According to a statement by Allianz, it is working towards its 2025 goal to reduce emissions for selected asset classes in the portfolio of customer funds by 25% compared to 2019. Aside from traditional investment criteria, Allianz will also review all equities, corporate bonds and real estate investments will be reviewed for compliance with the Paris climate

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