Country: Asia Pacific Page 6 / 16
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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 26 2024
Better cat data key to easing region’s growing capacity pressures: Perils’ APAC head
As insurance penetration and cat exposure rise in APAC, the availability of better quality data must go hand-in-hand with the growth of alternative capital sources. That leads the cat loss specialist to expand its loss data coverage in Japan & South-East Asia, said Darryl Pidcock.
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- September 25 2024
APAC cyber will find equilibrium long term but short-term softening of rates likely
Teck Siong Ng, cyber underwriter at Beazley, discusses the regional risk landscape and challenges presented by the lack of structured frameworks and emerging technologies like AI.
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- September 24 2024
More rating upgrades than downgrades for APAC (re)insurers in 2023: AM Best
There were eight long-term issuer credit rating upgrades for the regional carriers in 2023, driven predominantly by improved balance sheet strength and favourable operating performance, compared with four downgrades during the period.
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- September 24 2024
Climate change, green transition and geopolitics reshaping marine insurance
The growing importance of Asia underlined the 150th annual International Union of Marine Insurance conference where geopolitical tensions, extreme weather risks, and energy transition dominated discussions.
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- September 23 2024
Swiss Re CorSo elevates Devpriya Misra to APAC and global client solutions lead
Singapore-based Misra, who has been with Swiss Re CorSo for almost nine years, was most recently regional head customer management APAC for the firm.
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- September 20 2024
APAC reinsurers need to grasp ‘mighty cocktail’ of connected risks, says Russell Group
Asia underwriters are warned that they need to be on top of their risk exposures and fully appreciate the connection between loss events and all perils in a volatile trading environment.
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- September 19 2024
Swiss Re CorSo promotes Karim to APAC head of customer & distribution management
Singapore-based Hassan Karim was most recently the carrier's head of distribution management and partnerships (director) for Asia Pacific.
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- September 19 2024
HDI Global appoints Michael Ahn as Hong Kong CEO as Daniel Lau steps up to a regional role
While Ahn as CEO will lead strategic growth of the Hong Kong branch office, Lau has been tasked to drive the specialty player's growth in international programmes.
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- September 11 2024
Japan, Australia are top two APAC markets most sensitive to rise in nat cat claims: S&P
Insured annual catastrophe losses averaged US$6.6 billion in Japan, and US$2.5 billion in Australia over a ten-year period. China ranked third in Asia, at US$1.7 billion, according to the rating agency.
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- September 11 2024
Axa XL names Phil Russell as environmental risk consulting leader for APAC, Europe
With two decades of experience in sustainability; health, safety and environment for a diverse range of multinationals, Russell joined from sustainability consultancy Environmental Resources Management.
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- September 11 2024
Low claims, growing reserves keep P&I market on steady course
Although the headline figures look strong, some of the biggest clubs have reported underwriting losses as several need to correct results, while others take a softer approach.
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- September 9 2024
Multi-peril risks fuel demand for cat coverage: Hannover Re
The reinsure anticipates prices and conditions to remain stable for the January 1, 2025, treaty renewals with supply and demand in most markets remaining balanced.
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- September 6 2024
Public-private partnership key to closing cyber protection gap: Zurich and Marsh McLennan
As the global cost of cybercrime is projected to nearly triple to US$24 trillion by 2027, the public and insurance sectors must enhance their collaboration, the two firms said in a jointly launched white paper.
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- September 6 2024
APAC reinsurance composite’s 2023 COR improves to 91.6%: AM Best
Regional reinsurers saw revenue rise 8.8%, with much of the growth fuelled by China Re and its subsidiary Chaucer.
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- September 5 2024
Allianz APAC total business volume up 13% to US$4.8bn in H1 FY 2024
The regional P&C business' operating profit increased by 16% to US$92m on the back of a 12% growth in total business value.
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- September 2 2024
Miller expands sports and entertainment offering into APAC with senior hire
Siva Krishnan will head the new line in the region focusing on live events, sporting events and tours, sport associations and film & TV.
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- August 29 2024
Euclid Transactional confirms Asia Pacific launch
The M&A-focused MGA's plan to launch services in Asia and to appoint Alice Ho as head of APAC was first reported by InsuranceAsia News last August.
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- August 29 2024
Great Eastern names ex-HSBC veteran Greg Hingston as CEO
Succeeding Khor Hock Seng who is retiring in October, Hingston joins from HSBC after spending 18 years with the bank in several senior roles, including CEO of global insurance and partnerships.
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- August 27 2024
WTW taps Aon’s Felicia Tan as associate director for financial solutions in Singapore
In her new role, Singapore-based Tan will lead the broker's financial institutions business and grow the firm's overall portfolio.
