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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Gallagher Re to acquire Steadfast Re in APAC expansion push
- September 2
The acquisition of Steadfast subsidiary is expected to close in Q4 2025.
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‘Fundamental shift’ in risk landscape as average annual losses rise to US$152bn: Verisk
- September 2
Frequency perils are driving sustained, high-impact losses across geographie and insurers must evolve their strategies to meet this challenge head-on.
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Sompo elevates See Ju Chua to head of capital management for APAC
- September 2
Chua will lead regional capital strategy and regulatory alignment from Singapore and will report to APAC chief financial officer Takashi Kurumisawa.
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Damian Schinck takes the helm at Marsh Pacific as Josh Roach departs
- September 2
Melbourne-based Schinck will oversee the broker's operations in Australia, New Zealand, Fiji and Papua New Guinea.
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Peak Re | From climate modelling to market opportunity: forging a new clarity on Southeast Asia’s climate risk
With the insurance industry facing an inflection point, the new imperative is seen as becoming active creators of risk intelligence.
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BHSI WICare+ | Accelerating Payments, Empowering Recovery
Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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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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Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
