Asia economic losses for 9M 2024 top US$70bn as secondary perils drive costs: Gallagher Re
October 17 2024 by Mithun Varkey
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Hurricane Milton’s strength and track makes a revision of APAC renewals a near certainty
- October 10
Insured losses from the “catastrophic” storm is predicted to top US$60bn as it heads for populous Tampa, which will complicate the upcoming renewals.
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Australia to experience more severe cyclones this season on warmer seas
- October 8
The Bureau of Meteorology also warned of severe thunderstorms, flooding and heatwaves until next April.
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Typhoon Krathon’s economic losses likely reach ‘tens of million’ in Taiwan, Philippines
- October 7
The local government in Taiwan's Keelung city estimated that restoration and rebuilding work related to typhoon Krathon will cause US$14.8m according to local media citing city mayor George Hsieh.
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Typhoon Krathon makes landfall as Taiwan shuts down for second day
- October 3
The slow-moving typhoon is expected to cause 'catastrophic damage' as it is likely to have a longer impact on the island as it moves through the populous western plains but it is weakening and is expected to turn into a tropical depression before reaching Taipei.
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HSBC Asset Management | The hunt for diversification and performance revitalizes appetite for 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.
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PineBridge Investments | Why Asian insurers are exploring private credit and CLOs
The recent rollout of risk-based capital regimes across Asia calls for a closer alignment between insurers’ assets and liabilities. We explore potential ways to maintain a healthy investment yield and robust returns on regulatory capital.
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Peak Re | Emerging Asia middle class: A catalyst for change
Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
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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.
