Country: Asia Page 87 / 418
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- January 10 2024
Minimal impact seen on insurers following Japan earthquake: Fitch
The three non-life carriers have limited net retention on residential earthquake risk, which is run by the government, and on commercial risks, which is largely reinsured.
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- January 10 2024
Japan earthquake: BI, supply chain claims add to climbing loss estimates topping US$5bn
With early forecasts ranging from US$1-6.4bn, largely from property losses, a greater number of claims are anticipated once access is restored, loss adjusters say.
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- January 10 2024
Howden Hong Kong chief executive Mark Johnson set to leave; Alfred Sham named interim CEO
Johnson will remain with the firm to ensure an orderly transition until the spring.
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- January 9 2024
Typhoon Doksuri tops APAC nat cat overall losses at US$25bn: Munich Re
Two major disasters in New Zealand – Auckland floods and Cyclone Gabrielle – topped APAC insured losses at around US$4 billion.
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- January 9 2024
Duncan Ainsby returns to WTW corporate risk and broking team
Hong Kong-based Ainsby, who comes from Acrisure Re, joins as head of large accounts practice, north Asia.
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- January 9 2024
Japan earthquake insured losses could be up to US$3.3bn: Verisk
While most of the damage occurred in Ishikawa prefecture, including a large fire, damage from ground shaking and liquefaction was observed in other prefectures such as Niigata and Toyama.
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- January 8 2024
India plans to float P&I club for coastal and inland shippers: report
The government of India is attempting to form a coalition of domestic fleet owners and looking to tap New India Assurance and GIC Re as partners.
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- January 8 2024
Hong Leong Insurance’s revenues to grow with stable underwriting margins: AM Best
The rating agency has affirmed HLIA’s insurer rating at A- (excellent) with a stable outlook as it expands into commercial lines.
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- January 8 2024
APAC 1.1 renewals got done ‘for right rates on right terms’
With 10% additional capacity, loss-free and cat XL programs were flat or up to 5-10%, while loss-affected ones saw 25-30% hikes, say regional experts from Guy Carpenter, Peak Re and TransRe.
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- January 8 2024
PICC, China Re, China Taiping have ‘trillions of yuan’ exposure to Belt & Road projects, nat cat
The three leading Chinese (re)insurers said they provided coverage to the country's high-tech, aerospace sectors, infra projects and cat relief with the sum insured amounting to several trillion yuan each.
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- January 5 2024
Economic losses from Japan quake to top billions of dollars, says Aon
The earthquake will likely become a notable event for the local insurance sector and generate significant payouts, the broker said in its weekly cat report.
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- January 5 2024
Japan earthquake losses manageable for carriers but may impact 1.4 renewals: AM Best
Insurers’ conservative reinsurance strategies and low attachment point mean they have transferred earthquake risks to the international reinsurance market.
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- January 5 2024
Howden expands APAC financial lines team with Lockton hire
Deborah Thomasz joins the broker's Singapore office as regional senior manager for financial lines.
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- January 5 2024
Directors & officers seek cover as climate risks enter boardrooms
With mandatory ESG reporting deadlines fast approaching, there is growing demand for climate coverage as part of D&O policies, says Axa's Chelsea Jiang.
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- January 5 2024
WTW strengthens its corporate risk & broking business in Singapore with two senior promotions
Ernest Heng (pictured left) has been promoted to head of specialty while David Ng (pictured right) becomes head of client services.
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- January 5 2024
Tune Protect Re appoints new CEO
Kuala Lumpur-based Janet Chin will report to the group chief executive Rohit Nambiar.
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- January 4 2024
‘Smooth’ 1.1 renewals as ample capacity, earnings rebound drive reinsurer appetite: Aon
Agggregate covers are back on the table but property per risk renewals remain challenging due to loss activity, says the broker.
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- January 4 2024
AIG leads US$130m all-risk cover for Japan Airlines plane: report
The Japanese airline has estimated a US$104m operating loss following the collision of its flight JL516 with a Japan Coast Guard aircraft at Tokyo’s Haneda Airport and complete loss of one aircraft on January 2.
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- January 4 2024
Allianz Singapore to accelerate premium growth despite domestic challenges: S&P Global
The rating agency has confirmed the carrier's 'A+' rating with a stable outlook.
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- January 4 2024
WTW appoints Clelia Grech as head of global services and solutions Asia
Grech, who will be part of the broker's international programs team, will be based in Hong Kong.
