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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.
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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.
