-
- May 19 2023
MS&AD’s Japan non-life units fall to US$110m underwriting loss
The Tokyo-headquartered giant saw local cat losses increase 104% year-on-year at its two domestic P&C players, while MS Amlin returned an underwriting profit of US$78m.
-
- May 19 2023
Peak Re director Andrew Souter departs
Souter was hired in 2020 as head of global markets and ILS, and was named director, ANZ and Japan, after CUO Piotr Nowakowski took charge of the P&C business team in August 2022.
-
- May 17 2023
bolttech closes Tokio Marine-led US$196m Series B round with US$1.6bn valuation
MetLife and Khazanah among investors in the latest round by the insurtech, which will use the proceeds for organic and inorganic expansion.
-
- May 17 2023
Travel insurer battleface opens base in Australia
The US-based carrier has partnered with MGA Mustard Underwriting, insurtech Wise & Silent and start-up Awai Travel for its regional foray.
-
- May 8 2023
Medibank served a third class-action suit over data breach
Slater and Gordon filed a group proceeding in the Federal Court of Australia on May 5.
-
- May 3 2023
Peak Re COR at 101.4% as it reports first-ever net loss
The Hong Kong-based reinsurer's GWP grew 7% to US$2.3bn in FY 2022, but it posted a net loss of US$81m.
-
- May 2 2023
West P&I appoints Tony Paulson as Asia head
Paulson will continue his current role as the club’s corporate director alongside his new position.
-
- May 2 2023
Canopius strengthens Australia treaty team with Aspen Re hires
The Lloyd's (re)insurer has hired Andrew Parker as head of treaty for Australia and New Zealand and Paul Wedlock as head of property treaty for the region, who are also joined by casualty underwriter Peter Mattei.
-
- April 25 2023
Net-zero alliance’s existential dilemma
As Munich Re, Zurich and Hannover Re leave the NZIA, in part due to US antitrust concerns, Asian carriers have more flexibility with a lack of opposition to ESG investments in the region.
-
- April 24 2023
Australia’s Optus hit with class action over cybersecurity breach
The Singapore-owned telecoms giant said it is reviewing the court documents with its lawyers and will vigorously defend the proceedings.
-
- April 24 2023
New Asia player Deutsche Rück eyes expansion after beating 2023 target
Digitalisation, new and emerging risks, regulatory changes and infrastructure development will be regional growth drivers, says Asia managing director Tarik Aouad.
-
- April 21 2023
MS&AD plans to enter Japan’s small amount, short term insurance market
The insurance giant wants to establish a company in FY 2024 to enter the new market, also known as mini-insurance.
-
- April 20 2023
New Zealand EQC targeting US$155m cat bond offering in Singapore
The first ILS offering by the commission will have a four-year term and provide multi-peril cover.
-
- April 17 2023
Canopius continues Australia build out with marine underwriter hire
The (re)insurer has appointed David Hoffman in its Sydney office to oversee its local marine offering.
-
- April 11 2023
Market dislocation unlikely to disrupt Asian carriers
Asian insurers are casting their investment nets wider with a growing impetus on the sophisticated aspects of ESG.
-
- April 5 2023
Chubb launches Philippines marine operations
The insurer has appointed marine underwriter Jeanette Cebeda to lead the new team.
-
- April 4 2023
Marsh launches ESG ratings for Asia D&O covers
Capacity providers, which include Beazley, will offer preferred terms and conditions to companies that meet minimum criteria based on the risk score.
-
- April 3 2023
Rate hikes, significant structural changes make April 1 renewals challenging: Gallagher Re
"We certainly didn’t see any meaningful new capacity, or any other indication that reinsurers are prepared to cede their hard-won pricing territory any time soon," says global chief executive James Kent.
-
- April 3 2023
Munich Re quits net-zero alliance citing antitrust risks
The reinsurer claims it will pursue its own climate targets focusing on reducing greenhouse gas emissions.
-
- March 31 2023
Malaysian Re promotes Ahmad Noor Azhari to CEO
The former chief underwriting officer will take over from Zainudin Ishak from April 1.
