Country: Asia Page 21 / 54
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- May 31 2023
Asia workers’ comp remains soft as economies readjust
As companies try to bounce back to pre-Covid times, the market is dealing with challenges such as hybrid working and an ageing workforce.
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- May 31 2023
Guy Carpenter | Dedicated reinsurance capital for Asia life business
Reforms and accounting changes in the region are forcing life insurers to optimise their capital position and improve shareholder returns.
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- May 30 2023
Asian carriers join net-zero exodus
With Japan’s big three calling it time, IAG, Samsung F&M and KB are the only APAC carriers left in the alliance.
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- May 29 2023
Swiss Re CorSo sees growth in APAC through ‘bespoke offerings’
While the carrier is looking to grow its Japan, South-East Asia footprint, it has a 'big focus' on its parametric and global programmes offerings.
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- May 26 2023
Scor latest to exit net zero alliance
This is the fifth exit from the NZIA after Swiss Re, Hannover Re, Zurich and Munich Re.
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- May 25 2023
Going to war on cyber wordings
As Lloyd’s war exclusions cause disquiet among insureds and reinsurers, the market is set to see a battle royale with APAC in the thick of it.
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- May 24 2023
Adva launches US$150m per cover marine war risk facility in Asia
The facility aims to ‘plug the gap’ in coverage for voyages to and from designated war risks exclusion zones.
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- May 24 2023
US broking giant Brown & Brown enters Asia with Kentro buy
The sixth largest global broker eyes expansion in the region through MGA Nexus and specialty broker Capstone.
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- May 23 2023
RenaissanceRe to buy Validus Re from AIG for US$3bn
The transaction includes AlphaCat Managers and Talbot Treaty reinsurance business, but AIG will retain Talbot Underwriting and Western World.
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- May 23 2023
Uplift in consumer sentiment helps APAC carriers combat reinsurance costs, inflation: Fitch
Primary insurers have been able to pass on higher premium rates to customers, even double-digit hikes in places like Australia, without affecting business retention.
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- May 23 2023
Environmental liability: Why are take-up rates for environmental impairment liability insurance low in Asia?
Lack of awareness regarding coverage gaps in general liability and property policies and a limited ESG focus haven't helped.
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- May 23 2023
Brown & Brown acquires Nexus and Xenia owner Kentro Capital
The acquisition gives the US broker a foothold in Asia through MGAs Nexus and Spectrum, and broker Capstone.
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- May 23 2023
Axa XL looks to tap into Asia corporate mindset shift
The French (re)insurer sees huge potential in the region with eight Asian markets expected to grow 11% per year from 2021 to 2025.
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- May 19 2023
Guy Carpenter swoops for Howden Tiger Hong Kong leadership team: sources
IAN understands that the move includes Stephen Warwick, Howden Tiger’s head of treaty for Asia Pacific.
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- May 18 2023
Travel cover in the fast lane with higher premiums and attachment points
The average rate increase in the past 18 months reached 15% in the Pacific, high single digits in South-East Asia and India, with similar trends expected in China and Japan.
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- May 17 2023
Opinion: Will the APAC trade credit market rise to the looming insolvency challenge?
With corporate risks expected to rise across Asia, carriers need to up their game and evolve more sophisticated methods of risk assessment.
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- May 17 2023
Howden appoints APAC chair amid global management restructure
Mark Wood takes on the insurance broking role with Goh Chye Huat and Matt Bacon to lead Asia and Pacific, respectively, as the broker brings retail, specialty, reinsurance and underwriting under group CEO David Howden.
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- May 15 2023
Allianz Asia Pacific COR improves to 95.1% in Q1
Operating profit in the region improved 52% to US$45m, while the insurer's Australian arm returned to profit.
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- May 12 2023
Skuld posts US$122m premium income from Asia
The P&I club, which generated 26% of premiums from Asia, improved its combined ratio to 97% in FY 2022/3 from 107% in the year before.
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- May 12 2023
Hannover Re sees up to 20% nat cat rate hike in Japan 1.4 renewals
APAC benefits from the discontinuation of proportional business; books US$100m of New Zealand cat losses.
