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- Property & Casualty
- Published 25 Apr 2025
Insuring APAC’s energy transition: from grand ambitions to lingering challenges
The renewable energy sector in Asia has experienced a remarkable shift in the past few years, with wind and solar power overtaking traditional sources like hydroelectricity, while emerging technologies like offshore wind and battery energy storage systems (BESS) find wider adoption.
This report delves into the current state of renewable energy in Asia, highlighting both the opportunities and challenges it presents to the region's (re)insurers. Insights from a diverse group of experts shed light on the future trajectory of this dynamic sector:
• Rob Jones, Asia renewable energy leader at Marsh
• Guillaume Parard, head of P&C for Asia at Axa XL
• Tom Baker, head of renewable energy at Markel
• Alex Davies, director of power, downstream and renewables at Price Forbes
• Will Hiller, underwriter at GCube
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Hana Financial, Korea Investment, JC Flowers finish due diligence on Yebyeol Insurance ahead of main bid
- March 20
Korea Deposit Insurance Corporation will review the management plans submitted by the three candidates before choosing a preferred negotiating party.
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Canopius’ APAC premiums climb 22% to US$461m, COR drops to 81.2%
- March 11
Samsung-backed Lloyd's carrier hails strong engineering and Australian casualty lines growth.
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Central Bank of India approved to raise stake in Generali JVs to 26%
- March 4
Bank will raise its stake by 1.09% in Generali Central Insurance and by 0.82% in Generali Central Life Insurance after sign off from the Competition Commission of India.
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South Korean deposit insurer picks trio of bidders for Yebyeol Non-Life
- January 30
Hana Financial Group, Korea Investment Holdings, and private equity firm JC Flowers were earlier identified as suitors for the South Korean carrier.