Country: Asia Pacific Page 221 / 526
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- September 16 2022
New Zealand on course for record extreme weather claims after US$26m July hit
Total claims at the end of July were US$147m, compared to US$195m in the whole of 2021, according to the ICNZ.
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- September 15 2022
Reinsurance to benefit from US$71m Singapore net-zero grant
MAS' financial industry roadmap 2025 plans to promote insurance risk advisory and alternative risk transfer solutions for Asia.
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- September 15 2022
Deutsche Rück expands into Asia
Tarik Aouad will head the joint department for the Middle East and Asia for the German reinsurer.
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- September 15 2022
Asia reinsurance growth to ease as capital tightens
Premiums will grow at 3-4% a year over the next three years with underwriting becoming more selective.
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- September 15 2022
Fosun sells 22% stake in YongAn Property Insurance
State-owned Shaanxi Financial Asset Management acquired the conglomerate's interest in the Chinese carrier.
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- September 14 2022
Lloyd’s crypto coverholder Evertas enters Hong Kong and Australia
The Chicago-based company uses capacity from Arch Insurance to offer cover against theft or loss of blockchain assets.
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- September 14 2022
FWD refiles for Hong Kong IPO
Stock exchange filing revealed that H1 new business reached US$405m, up 25% year-on-year.
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- September 14 2022
Insurers’ ESG reluctance holding back Asia greening agenda
Market players need to find better ways of underwriting new projects that they don't fully understand.
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- September 14 2022
Rising cat claims force APAC governments to partner reinsurers: S&P
Government-backed cat pools and widening agri cover are seen as ways to maintain affordability.
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- September 13 2022
Eastern Australian floods insured losses reach US$4.33bn: Perils
The figure is around US$960m higher than the data specialist's last analysis, making it the costliest cat loss event in the country ever.
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- September 13 2022
Munich Re’s former Singapore CEO joins Samsung Fire & Marine
James Park will be the head of international business for commercial lines.
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- September 13 2022
Aon snags Marsh M&A specialist as Asia head of transaction solutions
Xianwei Lee started the role in Singapore this month.
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- September 13 2022
Allianz Trade promotes two execs to APAC roles
Malgorzata Cybulska-Dusson joins as regional head of claims & collection and Amol Zambre as regional head of information & grading.
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- September 13 2022
Domestic leadership, global presence drive TMNF’s growth: AM Best
Average five years combined ratio for non-life insurance was 95.6%.
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- September 13 2022
Opinion: Japanese majors swept up in Lloyd’s legacy zeitgeist
RiverStone’s run-off acquisition of Sompo's Endurance at Lloyd’s marks the end of an era.
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- September 12 2022
MS Amlin AG rebrands as MS Reinsurance
The rebranding exercise is part of a wider business transformation project.
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- September 12 2022
Losses mount from nat cats in Korea, Pakistan, China and India
An earthquake, a typhoon and two serious flooding events are triggering a large volume of claims.
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- September 12 2022
China P&C premium pile grows 9.3% as foreign insurers double market share
China's P&C premium increased to US$132bn in the first seven months of 2022.
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- September 12 2022
Analytics: Asia P&C claims continue to outpace price rises
Competition and lack of affordability mean insurers may pass just 80% of claims' inflation to clients, says Fitch.
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- September 9 2022
APAC renewables to generate US$59bn of premium by 2035: Swiss Re report
Property and casualty sector global real premiums will grow by around 2.7% in 2023.
