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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.
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- January 2 2025
Marsh McLennan confirms Seth Peller as Hong Kong and Macau CEO
Peller will take on the expanded role in addition to his current responsibility as the group's Taiwan head, as first reported by IAN.
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- January 2 2025
1.1 property cat renewals see up to 15% rate reductions
Increased reinsurer appetite and reinsurance capacity, as well as muted demand from cedents, signal a return to a soft market in Asia.
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- December 20 2024
2004 tsunami: Loss, and lessons: reckoning with the Indian Ocean tsunami 20 years on
Though two decades have passed, the 2004 Indian Ocean tsunami is still fresh in my memory. I was in Australia at the time. It was a warm summer’s day, with many people starting to watch the Boxing Day test cricket match between Australia and Pakistan in Melbourne, when the news first hit. Like all of […]
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- December 20 2024
Berkley makes India foray, hires Unnati Bajpai as CEO
Specialty carrier becomes second player to set up a branch in country's special economic zone.
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- December 19 2024
Korean general insurance premiums grew 8.7% in H1 2024: Korean Re
Non-life insurers saw strong growth in long-terrm and retirements products, however, motor insurance premiums declined 1.2% year-on-year.
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- December 17 2024
Newline Group expands to Hong Kong, hires Carson Choi
Lloyd's player adds to offices in Singapore, Shanghai and Malaysia, with Choi joining as head of financial lines.
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- December 17 2024
Howden confirms Rohan Bhappu’s appointment as Asia CEO
Bhappu will take over in October from Goh Chye Huat, who will assume the role of chairman for the region, as first reported by IAN.
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- December 16 2024
Delta Underwriting appoints Lucy Loh as Asia claims lead
Singapore-based Loh joins from Berkshire Hathaway Specialty Insurance and will help the MGA support its recent A&H expansion.
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- December 16 2024
New capital focusing on specialty rather than general reinsurance: Guy Carpenter’s Priebe
"There's an increased focus around creating and delivering specialised underwriting expertise with capital really dedicated to maximising those opportunities," says the chairman of the reinsurance broker.
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- December 13 2024
Korean Re reducing overseas property cat exposure: AM Best
The Korean reinsurer's long-term issuer credit rating has been upgraded to a+ (Excellent) while its financial strength rating of A (Excellent) has been affirmed, the rating agency said.
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- December 12 2024
Public Bank’s takeover of Lonpac parent will have neutral impact: AM Best
The bank completed the acquisition of a 44.15% stake in the Malaysian insurer’s owner LPI Capital on December 5, becoming its largest shareholder.
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- December 12 2024
Exclusive: Rohan Bhappu to take over from Goh Chye Huat as Howden Asia CEO
Bhappu was most recently the chief executive of Marsh McLennan Hong Kong and Macau.
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- December 11 2024
Marsh McLennan Taiwan CEO Seth Peller to take on expanded role as Hong Kong, Macau chief executive
Peller will replace Rohan Bhappu, who left the group last week.
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- December 10 2024
IAG subsidiary hit with yet another class action suit over ‘loyalty tax’
The insurer says it will defend the second group proceeding commenced by Slater and Gordon this year.
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- December 9 2024
China to ‘open up’ to foreign P&C players as part of industry reform action plan
The NFRA plan for the industry will also support the development of Hong Kong as an international financial centre.
