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Exclusive: Nanmadol insured losses to hit US$6bn
Japanese cat bond issuers are under scrutiny as losses will likely attach some higher-risk reinsurance layers.
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Exclusive: Nanmadol insured losses to hit US$6bn
Japanese cat bond issuers are under scrutiny as losses will likely attach some higher-risk reinsurance layers.
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AUB wraps up Tysers acquisition
Tysers Bermuda buy deferred till regulatory approval.
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Volatility may dampen China Taiping Singapore’s earnings: AM Best
The company recorded a pre-tax loss in 2021 and in the first half of 2022 from fixed income portfolio.
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Swiss Re’s Trent Thomson steps up as head of Australia, New Zealand
The 18-year company veteran will start in his new role on November 1.
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Gallagher Re shakes-up APAC senior team
David Bangs takes over as head of Gallagher Re APAC from Robin Swindell, who heads to Tokyo in a senior role.
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China Merchants Bank consolidates Hong Kong GI businesses
CMB Wing Lung Insurance to merge with China Merchants Insurance in an all-stock deal.
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Axa XL charges up APAC, Europe energy team with Scor hire
Olivier Croese will join the Paris office as product leader for energy and construction.
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QBE sells Irish casualty commercial renewal rights to Ascot
Ascot will offer renewal terms on the portfolios and the existing back book policies will remain with the Australian insurer.
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Opinion: Australia’s natural disaster fund far from ‘ready’
The US$135m federal government funding should be matched and cross-country coordination improved, as the ICA demands.
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EMC exits reinsurance business
EMC Re, which lost US$2.1m from Japanese Typhoon Jebi in 2018, will cut 65 jobs from next year.
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Typhoon Noru rips through South-East Asia as it moves to Thailand via Laos
After slamming the Philippines and Vietnam, the tropical storm is expected cause flooding along the Mekong river.
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Optus cyber loss expected to breach US$1bn
Australian cyber carriers brace for a major hit with potentially multiple insurance payouts as law firms prepare class action suits.
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Risk pools no panacea for Asia’s secondary peril threat
(Re)insurers need to improve risk selection and underwriting to cope with models that don’t have the same predictive power.
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Rising D&O claims in Hong Kong may spur market correction
The 'ever-present' US class actions risk piling pressure on policies written for dual-listed companies.
Opportunities and challenges for Asia Reinsurance
Jessica Pratiwi & Siew Wai Wan, Fitch Ratings-
Windstorms and tropical cyclones pose a significant threat around the globe. How can corporates be better prepared for a storm?
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Pre-catastrophe agreements among (re)insurers and loss adjusters are crucial to dealing with claims.
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Asia marine premium growth offset by higher claims
Vessel activity returns to pre-Covid levels, rates flatten and inflation pushes up cost of repairs.
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Asia P&C claims continue to outpace price rises
Competition and lack of affordability mean insurers may pass just 80% of claims' inflation to clients, says Fitch.
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Inflation and climate change ramp up pressure on APAC reinsurers
A confluence of issues is leading to higher nat cat claims and reserve deficiencies.
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Underwriting returns elude APAC reinsurers
Average combined ratios have remained above 100% for the last four years, says AM Best.
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Fire and liability losses drive APAC claims burden
Inflation is set to add to a costly claims' environment of rising property values and extreme weather.
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Asia nat cats at lowest level in a decade
Damages in 2022 are just US$4.5bn, with losses from storms at their lowest in 20 years.
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Cautious Asian business leaders worry about business risks and aspire to greater resilience
Lucien Mounier, Head of Asia Pacific, Beazley
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Swiss Re’s Trent Thomson steps up as head of Australia, New Zealand
The 18-year company veteran will start in his new role on November 1.
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Gallagher Re shakes-up APAC senior team
David Bangs takes over as head of Gallagher Re APAC from Robin Swindell, who heads to Tokyo in a senior role.
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Axa XL charges up APAC, Europe energy team with Scor hire
Olivier Croese will join the Paris office as product leader for energy and construction.
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JMD Ross names John Davaine managing director as Tim Ross retires
The Australian broker rejigs the board with the addition of Bhavesh Radiya.
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Arch Australia lands Allianz’s Daniel Khalil as senior underwriter
The Sydney-based property specialist will be responsible for expanding the insurer's distribution network and diversifying the product portfolio.
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Aon signs up Karl Hamann as Indonesia CEO
The former QBE veteran was most recently the chief executive of Papua New Guinea's state-owned insurer.
Loss adjusting 2.0 – what does the future hold for this venerable profession?
Chris Panes, McLarens