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- October 24 2024
Lloyd’s launches disaster risk facility for Pacific island nations
The vehicle, developed with Aon and the UN, aims to be replicated throughout the Pacific region as well as Asia, the Caribbean and Africa.
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- October 23 2024
HDI Global’s ART unit eyes Asia expansion under new leadership
The carrier’s specialist unit HDI Enablers is looking to expand into Malaysia following the appointment of Eric Joly-Pottuz as head.
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- October 23 2024
Allianz opens talks with India’s Reliance to launch insurance JVs: report
While Jio has been looking to rope in a foreign partner for its insurance foray, as exclusively reported by IAN, the current talks follow the German insurer’s plans to exit its JVs with Bajaj Group.
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- October 22 2024
Geopolitics, container fires, energy transition shaping marine insurance dynamics: IUMI’s Lars Lange
With the shipping business very clearly shifting to Asia, the industry group is looking to grow its presence in the region.
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- October 21 2024
Material headroom for growth in Asian financial and professional lines: Markel
Despite softening and macro challenges in some markets, areas like Hong Kong, Singapore and India are slightly further afield offering strong opportunities.
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- October 17 2024
SRG taps Marsh veteran Collin Yap as APAC chief executive
Singapore-based Yap was previously CEO of Marsh McLennan Singapore and will start in his new role in 2025.
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- October 17 2024
Asia economic losses for 9M 2024 top US$70bn as secondary perils drive costs: Gallagher Re
Three of the top five costliest economic events for the period were in Asia – China seasonal floods, Typhoon Yagi and the Noto Peninsula earthquake – accounting for combined US$50bn in economic losses and US$4.7bn in insured losses.
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- October 17 2024
APAC insurers take to climate transition, private market investment strategies
There is almost a consensus on increasing allocation to alternatives and a step change in Asia Pacific insurers’ commitment towards transition investment, according to BlackRock's Kimberly Kim.
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- October 16 2024
Sompo continues APAC build out with new COO
Singapore-based Maya Lee starts immediately and will report to Daniel Englberger, Sompo International chief operating officer, and Kenneth Reilly, APAC chief executive.
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- October 15 2024
Specialist Risk Group makes Asia foray with Singapore acquisition
The Temasek and Warburg Pincus-backed UK intermediary has agreed to acquire broker HL Suntek.
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- October 15 2024
Envest unveils leadership rejig following completion of PSC deal
The restructure will see PSC's ANZ chief executive David Hosking leave the combined group at the end of this month.
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- October 14 2024
Singapore government rejects Allianz-Income deal
"The government has assessed the proposed transaction and has decided that it would not be in the public interest for the transaction, in its current form, to proceed," minister Edwin Tong told parliament today.
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- October 14 2024
Secondary perils are the risk of the future: Munich Re’s Serene Chan
The reinsurer’s new Greater China P&C head discusses pricing trends, shift to non-proportional, cyber appetite and need for model robustness.
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- October 8 2024
Seoul Guarantee Insurance’s H1 loss ratios worsen as claims surge: report
Total claims paid out in the first six months reached nearly US$400m, an all-time high, and is expected to nearly double by the end of 2024.
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- October 1 2024
Hannover Re confirms Blake Dimitrijevic as Australia MD
As first reported by IAN in July, Dimitrijevic joins from Guy Carpenter and succeeds Michael Eberhardt, who was appointed managing director and chief underwriting officer for Hannover Re Bermuda.
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- September 27 2024
Parametrics can complement reinsurers’ capital protection platforms
Guy Carpenter’s Jeremy Waite discusses how index-based products can fill the protection gap left by indemnity insurance from deductibles, excluded perils, scarce capacity and contingent business interruption.
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- September 26 2024
Cat modellers need to balance consistency and adapting to climate change
Insurance companies must be prepared to embrace change and invest in building their own technical understanding to manage their portfolios effectively, says Guy Carpenter’s Mark Weatherhead.
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- September 25 2024
Rising cat losses in Greater China put risk exposures under the lens
(Re)insurers in the region are increasingly focusing on understanding and analysing risk exposures and are more willing to invest in data collection, says Guy Carpenter’s Kitty Bao.
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- September 17 2024
Howden enters Japanese retail broking with Foresight acquisition, names Takuya Aibe CEO
Tokyo-headquartered Foresight offers retail brokerage, captive consulting & management services. The newly acquired business will be led by Aibe, who was most recently CEO of Gallagher Japan.
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- September 16 2024
Hong Kong’s Nova Insurance FY 2024 revenue up 3.6% to US$14.7m
The broker reported robust retention ratios and added new accounts, including a public utility, listed companies and educational institutions, according to a stock exchange filing by its parent FSE Lifestyle.
