Country: Asia Pacific Page 46 / 515
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- November 1 2024
SIRC diary: Stormy weather
Flooding, of course, is nothing new, but even to the most casual observer, it would now appear unarguable that the severity and intensity of flood losses is a serious problem
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- November 1 2024
APAC’s economic surge to drive global insurance market growth: Gallagher Re
The cyber insurance market in the Asia Pacific region is growing at an annual rate of about 50%, according to the broker's latest regional market watch.
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- October 31 2024
Late-season Typhoon Kong-rey causes disruption in Taiwan, set to bring heavy rains to Shanghai
The biggest storm to make landfall on the island could see property and BI losses as well as the risk of an oil spill from a beached cargo ship on the northern coast.
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- October 31 2024
Sompo, Bigmotor to investigate past claims frauds to compensate customers
Bigmotor has changed its name to BALM following the scandal and is planning to announce a concrete recovery strategy for customers next month.
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- October 31 2024
AUB Group to focus on building out its UK retail capabilities in FY 2025
The Australian broking group has combined the Tysers retail arm with Movo and Momentum to form a new UK retail unit, which will be led by recently named chief executive Bob Pybus.
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- October 31 2024
Qubit takes Fusion’s Damian Lynch as digital asset insurance CUO
Sydney-based Lynch will reporting to the specialist MGA's CEO Helen Ye and will be responsible for leading the firm's underwriting strategy in the digital asset space.
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- October 31 2024
India and Korea bright spots in FM’s regional play
Growing Asian economies drive demand for data-driven risk mitigation, say the mutual's regional leaders James Thompson and Tan Hian Hong.
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- October 31 2024
Steamship sets benchmark for P&I clubs with 5% general increase for 2025 renewal
The IG P&I club has also announced a capital distribution of 12.5% of the 2024-25 mutual P&I premium to its members who renew in 2025.
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- October 30 2024
Taiwan braces for heavy rains, strong wind with super typhoon Kong-rey set to make landfall
The typhoon, allegedly the most powerful in almost six decades, could lead to another suspension of the island’s US$2.5trn stock exchange.
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- October 30 2024
APAC reinsurers likely to see modest growth amid moderating economic indicators: S&P Global
Companies face headwinds from rising physical risks, a slower economic outlook, and still costly retrocession cover, according to the rating agency.
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- October 30 2024
Price Forbes expands Singapore employee benefits team
The Ardonagh Group-owned specialty brokerage has hired Syafiq Zulkifli from Honan Insurance Group, where he was a senior client executive, Asia.
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- October 30 2024
Claims complexity, fraud and lack of quality data key challenges for regional health insurers
Reinsurers' deep actuarial expertise and access to large data sets can help P&C carriers refine risk assessment and pricing strategies, says Peak Re’s Jasmine Miow.
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- October 29 2024
WTW launches Japan retail broking business
The new business, WTW Broker Japan, is in addition the group’s existing agency business and will offer insurance solutions to commercial clients, as well as fac placement to partner brokers.
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- October 29 2024
APAC 9M economic losses from nat cats topped US$70bn: Aon
The damage from the first nine months of the year is higher than the US$69.6bn in economic losses caused by natural perils for the whole of last year.
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- October 29 2024
South Korea’s Construction Guarantee faces stress from growing claims, 2023 COR at 125.36%: Fitch
The ratings agency has affirmed the cooperative surety insurer's financial strength rating at A (strong), with a stable outlook.
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- October 29 2024
Capitalisation offsets Aswata’s declining motor premiums, higher claims: Fitch
Fitch Ratings Indonesia has affirmed Aswata’s rating at 'AA (idn) with a stable outlook.
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- October 29 2024
Tokio Marine-backed ICEYE plans continued rollout across Asia as demand for satellite risk data continues
Appetite for granular catastrophe-related information is now crucial in a market keen to keep a greater handle on cat exposures.
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- October 29 2024
Ernest Leung to replace Sucheng Chang as Aon Hong Kong head
Chang, who has been in the role since August 2022, is expected to leave the broker next month, IAN understands.
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- October 29 2024
BMS Re hires Aon’s Heath Jose as business development lead for fac
Jose will be based in Singapore and will be responsible for developing the business in conjunction with teams across Asia Pacific.
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- October 29 2024
Tysers names new Singapore CEO and APAC marine head in regional push
Babita Rai has been promoted to CEO of the AUB Group-owned broker in the Lion City and William Furness-Smith has been appointed head of marine for APAC.
