APAC records nat cat insured losses at US$8bn in 2024, the lowest since 2012: Gallagher Re
January 22 2025 by Joana Nguyen- Climate
- Casualty
- Catastrophe
- Flooding
- Asia Pacific
- Asia
- Australia
- China
- Global
- Japan
- Laos
- Taiwan
- Vietnam
- Gallagher Re
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Australia twin event losses to remain below major cat level, adjuster says
- January 22
Carriers received 5,400+ claims from severe weather events on the east coast, while Cyclone Sean caused record rains and port disruptions in Western Australia.
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With US$100bn losses now the norm, rising attachment points create new dynamic for cat programs
- January 21
Scale of nat cat losses needed to turn the market continues to rise as structural changes in reinsurance programs bed in across Asia Pacific.
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ARPC declares cyclone event as Cyclone Sean strengthens to category 4
- January 20
Windstorm, which shut down ports in the country's iron ore exporting hub over the weekend, is expected to move away and drop below cyclone intensity by Thursday.
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Update: Eastern Australia battered by deadly storms, tennis ball-sized hail
- January 19
A tropical cyclone has formed off Australia’s western coast, as eastern states deal with the fallout from damaging storms and continuing rain.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
