Claims from Singapore oil spill set to exceed British Marine’s limit of liability
July 30 2024 by Georgina Lee
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Sedgwick launches Asian energy claims solutions with two senior hires
- July 30
Neil Best has been appointed as energy director while Liew Boon Tat joins as executive energy adjuster for major and complex loss in the loss adjuster's Singapore office.
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Space insurance struggles amid billion-dollar+ claims, scarce premium pool
- July 29
While the market has seen a doubling of rates recently, shrinking underwriting capacity and technology changes add further challenges to the industry reeling from recent large losses.
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Nepal air crash: 99.7% of estimated US$3m loss ceded out to foreign reinsurers
- July 25
The hull and liability cover were provided by a Nepalese carrier Prabhu Insurance and reinsured with a London-based carrier through facultative cover, IAN understands.
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CrowdStrike IT outage insured loss to range from US$540m to US$1bn: Parametrix
- July 25
The loss covered under cyber insurance policies is likely to be no more than 10% to 20% of the US$5.4bn direct financial loss facing the US Fortune 500 companies, due to large risk retentions and low policy limits.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
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CCi | LEG3/06: A delay analyst’s perspective on defect exclusions
Tackling contentious issues by applying the learning from the industry’s collective experience is key to improving the claims experience, writes CCi’s Steven Horne.
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AXA XL | Energy transition in Asia: How AXA XL helps enable the region’s ambitious plans
Transitioning to low-carbon sources is about more than just substituting one type of energy for another, it requires restructuring the entire energy ecosystem and developing new ways to store energy from intermittent sources like solar and wind.
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WTW | Building resilience against emerging risks in Asian realty sector
WTW’s Ben MacCarthy, head of real estate, hospitality & leisure, Asia, and Jennifer Tiang, cyber leader, Asia, discuss the real estate industry’s sectoral risk landscape and the emerging role of proptech.
