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- January 22 2025
Price Forbes Singapore adds energy specialism with senior Aon hire
Ardonagh Group-owned specialty broker appoints Alex Davies as director of power, downstream and renewables.
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- January 21 2025
TSMC assessing impact of 6.4-magnitude Taiwan earthquake
World's largest chipmaker says workers were evacuated after the quake, but all affected sites are gradually resuming production.
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- January 20 2025
South Korea braces for Trump tariffs with US$69bn trade insurance support: report
K-Sure will provide trade cover for SMEs, offering lower interest rates and expanded guarantee limits, according to a report in The Korea Herald.
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- January 20 2025
Swiss Re CorSo bets on international programs, ART to differentiate: Ivan Gonzalez
CEO says insurer plans to increase premiums from the two businesses to more than 25% of its GWP in three years from 19%.
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- January 17 2025
Liquidation on the cards as MG Non-Life sale hits union roadblock
Korea Deposit Insurance Corporation says preferred bidder Meritz Fire & Marine has been unable to conduct due diligence due to labour union opposition.
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- January 16 2025
Hong Kong’s Nova Insurance in ‘unique’ position with acquisition of Chinese broker
Beijing Nova Insurance Services has become an indirect wholly-owned subsidiary of FSE Lifestyle Services, and will operate as part of Nova Insurance Group.
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- January 16 2025
Itochu to acquire 20% stake in Thai general insurer
Thaivivat Insurance to carry out a US$29m private placement to the Japanese trading house for the minority stake sale.
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- January 16 2025
California fire losses for Japan’s big 3, Korea’s DB Insurance likely to top US$600m
Tokio Marine Holdings, MS&AD Insurance Group and Sompo Holdings could see claims of up to US$575m, according to media reports, while DB Insurance has estimated US$41m.
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- January 13 2025
Miller makes Korea foray, appoints David Kim as country head
Broker's hires in the new office also include key leaders Andrew Kim, Youngkum Yoon and Taehoon Kim.
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- January 10 2025
Building in cat-exposed areas exacerbating insurance affordability: Munich Re climate specialist
With climate change accelerating, preparations must be made for flash floods and thunderstorms, as well as events in atypical places, chief climate scientist Tobias Grimm tells IAN.
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- January 9 2025
Munich Re to hand Beijing branch reins to Adrian Goh, Steven Chang set to retire
Goh's appointment will be effective from April 1, with Chang to retire at the end of March.
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- January 8 2025
Aon appoints Lloyd’s chief John Neal as global reinsurance CEO
Lloyd's confirmed Neal's departure for Aon this year and said that his leaving date will be confirmed in due course.
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- January 8 2025
US-based The Hartford launches on Lloyd’s Singapore platform
Service company, to be led by Zhenghong Pan, will initially write financial lines and credit and political risks coverage through its Syndicate 1221.
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- January 7 2025
IAG renews 2025 cat program with US$6.25bn protection
Program from Australian insurer has attachment point of AU$500m, while its quota share and a multi-year program will provide AU$1bn in additional protection annually.
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- January 7 2025
Markel hires Zurich’s Jack Taylor to lead new APAC broker engagement role
Singapore-based Taylor will report to the Lloyd's carrier's Asia Pacific managing director, Christian Stobbs.
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- January 7 2025
Asia cyber pricing may bottom out, but London capacity adds pressure
While claims activity is relatively low, it could catch up, cautions Axa XL’s Samuel Bye, highlighting the increasing frequency of 'mini cats'.
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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
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
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.
