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- November 1 2024
Singapore Reinsurers’ Association names Kenrick Law as chairman, James Beedle as deputy chairman
Law takes over from Marc Haushofer, former senior vice president, Asia Pacific at Renaissance Re, who has served as the association’s chairman for the past eight years.
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- November 1 2024
APAC cyber uptake still low despite softer pricing, ample capacity
While carriers are developing a better understanding of cyber risk, there is a need for further education to address the protection gap, especially in emerging markets.
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- November 1 2024
APAC reinsurers prioritise profit amid slower premium growth: AM Best
Asian reinsurers have restructured their retro programs, leading to adjustments in cat capacity and a reduction in cat exposure accumulation, says AM Best’s Christie Lee.
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- November 1 2024
Evolving risks, regulations fuel demand for alternative capital solutions: Guy Carpenter
Insurers are exploring differentiated business models and creative reinsurance as they battle increased losses, higher retentions and operating model pressures.
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- November 1 2024
Non-proportional reinsurance terms remain attractive: Hannover Re
Hannover Re’s Sharon Ooi tells InsuranceAsia News that market dynamics are shifting due to unexpected losses and geopolitical uncertainties, emphasising the importance of aligning pricing with risk.
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- November 1 2024
SIRC 2024: This year’s key talking points
As the who’s who of global reinsurance gather in the Lion City for the biggest renewals jamboree of the year in the region, here is a highlight of the topics that InsuranceAsia News believes are likely to dominate the discussions.
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- November 1 2024
Demand rockets for insurance products in South-East Asia: Moody’s
To thrive amid climate change and regulatory shifts, reinsurers are adopting advanced data analytics for better risk management and pricing, says Andrew Hare from Moody’s.
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- November 1 2024
Canopius’ APAC expansion builds around specialty lines demand
The priority for Canopius is to maintain disciplined growth in the specialty lines where it has a differentiated offering, like energy, marine, agriculture treaty, and structured credit, says regional chief executive SK Lee.
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- November 1 2024
Market’s willingness to deploy capacity is certainly back: Gallagher Re
Gallagher Re’s Mark O’Brien says negotiations around retentions, and terms and conditions to be a little easier in the coming renewals.
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- November 1 2024
Specialty growth, Australia, Dubai operations fire up Markel’s APAC growth
The Lloyd’s player, set to grow premiums by 40% in 2024, is seeing strong demand for the war, renewable energy, and casualty classes in the region, says Christian Stobbs.
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- November 1 2024
Reinsurers guarding themselves to “not let loose” at 1.1 renewals, says Peak Re’s Hahn
Unstable interest rates, geopolitical uncertainty and more severe and frequent secondary perils mean that reinsurers remain in a difficult position and should not be expected to cede significant ground on rate at the forthcoming 1.1 renewals.
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- November 1 2024
APAC’s economic surge to drive global insurance market growth: Gallagher Re
The cyber insurance market in the Asia Pacific region is growing at an annual rate of about 50%, according to the broker's latest regional market watch.
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- October 31 2024
Steamship sets benchmark for P&I clubs with 5% general increase for 2025 renewal
The IG P&I club has also announced a capital distribution of 12.5% of the 2024-25 mutual P&I premium to its members who renew in 2025.
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- October 30 2024
APAC reinsurers likely to see modest growth amid moderating economic indicators: S&P Global
Companies face headwinds from rising physical risks, a slower economic outlook, and still costly retrocession cover, according to the rating agency.
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- October 30 2024
Price Forbes expands Singapore employee benefits team
The Ardonagh Group-owned specialty brokerage has hired Syafiq Zulkifli from Honan Insurance Group, where he was a senior client executive, Asia.
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- October 29 2024
South Korea’s Construction Guarantee faces stress from growing claims, 2023 COR at 125.36%: Fitch
The ratings agency has affirmed the cooperative surety insurer's financial strength rating at A (strong), with a stable outlook.
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- October 29 2024
Capitalisation offsets Aswata’s declining motor premiums, higher claims: Fitch
Fitch Ratings Indonesia has affirmed Aswata’s rating at 'AA (idn) with a stable outlook.
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- October 29 2024
Tysers names new Singapore CEO and APAC marine head in regional push
Babita Rai has been promoted to CEO of the AUB Group-owned broker in the Lion City and William Furness-Smith has been appointed head of marine for APAC.
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- October 28 2024
Marsh appoints Shahrezal Wan as placement manager
Singapore-based Wan was previously vice president, senior client underwriter with Swiss Re.
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- October 28 2024
Tokio Marine Kiln taps Starr’s Alexandros Ampatzis as head of marine, APAC
Ampatzis will primarily focus on deepening the carrier's presence in target markets across the region and continuing the team’s rapid growth, reporting to TMK’s regional underwriting director Jamie Tang.
