Country: Asia Pacific Page 249 / 491
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- July 14 2021
X-Press Pearl’s owners pay initial US$3.6m claim
Sri Lanka's government is looking for US$40m to compensate for environmental damage.
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- July 14 2021
Global Atlantic inks US$4.8bn Axa China/HK reinsurance deal
This is the US annuity and life (re)insurance player's first venture in the APAC region.
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- July 14 2021
Asia’s aviation risk rises as airlines hustle for business
Higher accident rates a concern as airlines add 500 new routes across the region.
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- July 13 2021
Asia power & energy insurance renewals stable in Q2: Marsh
The global broker says the renewable energy sector is still “running hot” in the APAC region.
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- July 13 2021
Sichuan floods to cause ‘surge’ in commercial property, motor claims
Crawford's Hong Kong manager tells IAN ongoing floods could lead to complete motor vehicle losses.
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- July 13 2021
Olympics’ spectator ban to cost reinsurers US$300–400m: Fitch
Reinsurers to pay for ticket and hospitality refunds after a state of emergency was declared in Tokyo.
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- July 12 2021
Tropical Cyclone Seroja to cost insurers US$324m: Perils
The loss figure for the Australian market covers both property and motor hull lines of business.
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- July 12 2021
Beazley appoints APAC healthcare underwriter
Appointment of Prashansa Daga supports the expansion of the specialty player's medical & life sciences offering.
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- July 12 2021
Australia’s second BI test case gets August 30 start date
The case pits Allianz, IAG, Chubb, Guild and Swiss Re against a variety of small businesses.
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- July 12 2021
Asia P&C (re)insurers see market cap rebound
Top 20 listed APAC (re)insurers valued at US$155 billion by mid-2021 — a 15% increase from a year ago.
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- July 12 2021
DB Insurance improves underwriting as motor losses decrease
South Korean P&C player saw premium hikes and fewer accidents during Covid lockdown.
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- July 9 2021
Sompo International creates APAC global risk team
Trey Martino to lead Singapore-based team targeting China, HK, India, Japan and Macau.
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- July 9 2021
China’s Aon/WTW approval highlights a wide-open market
The antitrust regulator's ambivalence highlights a huge opportunity for foreign brokers.
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- July 9 2021
Hong Kong’s trade credit insurer sees claims fall US$64m
The government body posted an underwriting profit of US$3m.
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- July 9 2021
Australia’s insurers retain more risk as rates rise
Despite steep rises on loss-affected lines, reinsurance wordings and conditions are largely unchanged.
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- July 8 2021
Axa XL appoints Gilles Fromageot as Asia regional manager
The specialty insurer has also promoted Catherine Carlyon to Australia country manger.
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- July 8 2021
PVI Re ‘on track’ despite HDI ownership change
Vietnam reinsurer tells IAN its COR is around 90% after AM Best rating review.
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- July 8 2021
India’s Order of Preference mandate ‘concentrates risk’
Lloyd's country manager tells IAN reinsurance requires diversification.
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- July 7 2021
Global ‘digital pandemic’ driving cyber rate increases
Ransomware attacks in Singapore cost almost double the worldwide average.
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- July 7 2021
China premium growth slows in first 5 months of 2021
Changes to critical illness cover was one of the primary drivers, analyst tells IAN.
