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- January 6 2025
Guy Carpenter’s global property cat ROL index down 6.6% in first fall since 2017
Asia Pacific experienced the steepest decline at the renewals, down 7.2%, while the US fell by 6.2% and Europe by 5.3%, the broker said.
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- January 6 2025
Lockton taps Price Forbes’ Christina Ong as Asia executive director
Singapore-based Ong will help strengthen specialty offerings in the region, the broker said.
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- January 6 2025
Sedgwick shuffles Asian leadership group with key moves in Taiwan, Japan
Global adjuster promotes Cameron Lee to chief executive officer in Taiwan, with Shuji Tanaka taking up a new role in Japan.
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- January 6 2025
Carbon projects a global opportunity for insurers, but grey area remains
As the market grows, particularly in Asia, insurers have been quick to step into the sector, but there is a need for greater experience.
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- January 3 2025
India’s Tata AIG appoints Amit Ganorkar as MD, CEO
Ganorkar, who rejoins the firm, had officially taken charge as of January 1 after succeeding Neelesh Garg.
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- January 3 2025
Labuan Re names Zaid Aziz Ibrahim as officer in charge following CEO exit
Kuala Lumpur-based Ibrahim currently serves as the chief underwriting officer and has been with the company since 2020.
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- January 3 2025
Exclusive: Tyson Vickery takes up role as global placement leader for Marsh Europe
Vickery, who was placement leader for Marsh Asia, officially started in the new role on January 1 and is relocating to Zurich, he confirms to IAN.
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- January 3 2025
India’s GIC Re to see underwriting losses come down in 2025: chairman
Ramaswamy Narayanan says India’s national reinsurer will look to improve its combined ratio to 110% by March.
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- January 3 2025
Hong Kong-based MGA Hawkes Bay Underwriting resumes status as Lloyd’s coverholder
Resumption will enhance marine capacity to US$10 million, chief operating officer and head of marine specialty Manson Ma says.
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- January 3 2025
APAC 1.1 renewal dynamics tilt towards buyers: Gallagher Re’s Mark O’Brien
Reinsurers looking to write more and cedents holding limits or buying less drove down prices, said the broker's regional head.
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- January 2 2025
2024 ‘the year of the floods’, Cresta says, as 8 cat events top US$1bn
Noto earthquake in Japan in January last year only event in Asia to meet US$1bn threshold, according to the industry loss data provider.
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- January 2 2025
Favourable supply dynamics bring ‘notable softening’ in January 1 renewals: Howden
On average, risk-adjusted global property catastrophe reinsurance rates-on-line decreased by 8%, according to the broker's renewal report.
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- January 2 2025
Property cat, specialty 1.1 renewals saw risk adjust reductions across the board: Gallagher Re
Reinsurance renewals saw capacity supply generally exceed demand and buyers received the 'measure of relief' they sought, CEO Tom Wakefield says.
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- January 2 2025
‘Milestone’ as Australia’s mandated cyclone reinsurance pool hits full participation
Likes of AIG Australia, Allianz Australia Insurance, Auto & General Insurance Company and Chubb Insurance Australia have joined, Australian Reinsurance Pool Corporation says.
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- January 2 2025
Marsh Asia promotes Brent Clawson to global placement leader
Clawson joined Marsh in September 2023 having spent over eight years with Aon.
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- January 2 2025
Taiping Re debuts US$35m cat bond in Hong Kong
Asia's first dual-perils, dual-triggers ILS offers the reinsurer protection against US hurricanes and China earthquake for three years.
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- January 2 2025
Marsh McLennan confirms Seth Peller as Hong Kong and Macau CEO
Peller will take on the expanded role in addition to his current responsibility as the group's Taiwan head, as first reported by IAN.
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- January 2 2025
Exclusive: Marsh’s Mandira Gupta to join Howden transaction liability team
Gupta, who is currently on gardening leave, will start in her new role in the first half of the year, IAN understands.
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- January 2 2025
1.1 property cat renewals see up to 15% rate reductions
Increased reinsurer appetite and reinsurance capacity, as well as muted demand from cedents, signal a return to a soft market in Asia.
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- January 1 2025
Japan P&I’s underwriting performance could see some volatility: AM Best
US credit rating agency assigns a financial strength rating of 'A-' (excellent) and a long-term issuer credit rating of 'a-' (Excellent), with a stable outlook.
