Country: Asia Pacific Page 121 / 522
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- January 30 2024
Opinion: Climate litigation to move centre stage in Australia
Greenwashing, failure in disclosing or managing climate risks are spurring a rise in legal actions against corporations, while human rights violation claims pose litigation risks to policymakers.
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- January 30 2024
Japan government loss estimates for Noto earthquake up to US$17.5bn, insurance claims filed top 50,000
Damage to public infrastructure is expected to account for half of the losses, while Ishikawa prefecture is the worst hit.
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- January 30 2024
Seoul Guarantee Insurance’s parent revisits IPO plan after failing to impress investors last year: report
KDIC, the state-run parent of the Korean guarantee insurer, has made a first step towards relaunching an IPO, which was shelved in late 2023.
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- January 29 2024
Toa Reinsurance’s earnings could seesaw on nat cat and social inflation risks: S&P
Still, taking into account its strong capitalisation S&P Global Ratings has affirmed its 'A' rating on the reinsurer, despite reporting COR at over 100% for five consecutive years.
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- January 29 2024
Sompo International elevates Rennie Muzii as EVP, head of Asian risk solutions
US-based Muzii was most recently senior vice president of professional lines, a role which he held since joining the insurer in 2013.
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- January 29 2024
Queensland on alert as cyclone Kirrily’s remnant bands linger
Suncorp says it has received over 500 claims from customers impacted by the cyclone, almost all home claims.
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- January 29 2024
Allied World builds out Australia property team with senior hire from Allianz
Sydney-based Nick Wood has joined the carrier as vice president, lead underwriter Australia property division.
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- January 29 2024
Suncorp H1 nat cat bill at US$374m, retains full limits on reinsurance cover
The nat cat cost for the first six months is less than the FY 2024 allowance with costs of the December wild weather events coming in below the retention limit.
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- January 29 2024
Howden boosts multinational client focus with Aon’s Mike Baker
Singapore-based Baker will focus on climate and political risks, energy transition, and cyber in his new role.
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- January 29 2024
Howden plans to make ‘a big and permanent splash’ in APAC: M&A chief
Armed with a billion-pound war chest, the broker is working on a ‘forever strategy’ to build a truly global alternative to the big three, says global head of M&A Peter Blanc.
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- January 29 2024
Specialty MGA Fusion partners Antares, Beazley and Everest for SME finpro cover in Asia
The insurers will support Fusion's management liability, professional liability, and investment managers insurance offerings, as well as its standalone D&O liability insurance tailored for SMEs.
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- January 29 2024
Sompo commits to fixes and reviews as FSA issues six-point business improvement order
The Japanese insurer is taking measures including clarification of management responsibilities related to Bigmotor, and make insurance premium adjustment.
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- January 26 2024
Consistent underwriting profits back Bao Minh Insurance’s stable outlook: AM Best
AM Best has affirmed the Vietnamese carrier's issuer rating at B++ (good) with a stable outlook, due to its consistent profits and strong balance sheet.
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- January 26 2024
Vietnam’s PTI sees rising loss ratio on health and motor lines: AM Best
AM Best has affirmed an insurer rating of B++ (good) for the company with a negative outlook due to its recent capital erosion.
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- January 26 2024
Pace of loss cost inflation is the ‘great unknown’: Marsh McLennan’s Doyle
The group’s insurance broking business in Asia Pacific saw revenues grow 7% to US$1.3bn in FY 2023.
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- January 26 2024
Alternative shipping routes create new risks for (re)insurers
As vessels look for solutions to escalating Red Sea crisis, increasing costs, delays, piracy risks and dangers of regulatory action because of increased carbon emissions present challenges to carriers.
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- January 26 2024
Howden Private Wealth names Benjamin Cheng as global CEO
Cheng was promoted to the global role from being the chief executive of Howden Private Wealth Asia.
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- January 25 2024
MS Amlin completes Singapore’s first-ever ILS renewal with US$35m Phoenix 2 Re
The Lloyd's player now has more than US$80m capacity in Asia through the twoi insurance-linked secuirities vehicles.
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- January 25 2024
AUB Group bolsters M&A war chest with US$560m debt deal
The refinancing and new loan give US$171m of available liquidity to the Australian broker providing financial flexibility ‘to capitalise on organic and inorganic growth’.
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- January 25 2024
China’s parametric pilots for nat cat cover finding early success: Taiping Re CEO
Wider use of index-based insurance and ILS is key to finding much-needed capacity for (re)insurers and widening nat cat insurance, according to Sheldon Yu.
