Country: Global Page 11 / 52
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- January 31 2024
Canopius strengthens APAC credit & political risk team with underwriter hire
Sydney-based Dimitri Plastiras, who will be transferred to Singapore later this year, is among four senior hires by the specialty (re)insurer globally for the credit & political risk division.
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- January 31 2024
Asian casualty rates softening but underwriters wary of spike in claims
Though capacity remains abundant for liability lines in the region, carriers remain cautious over rising claims costs and knock-on effects from US and Australian markets.
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- January 26 2024
Alternative shipping routes create new risks for (re)insurers
As vessels look for solutions to escalating Red Sea crisis, increasing costs, delays, piracy risks and dangers of regulatory action because of increased carbon emissions present challenges to carriers.
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- January 26 2024
Howden Private Wealth names Benjamin Cheng as global CEO
Cheng was promoted to the global role from being the chief executive of Howden Private Wealth Asia.
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- January 23 2024
PFAS exclusions find few takers in Asia’s competitive landscape
(Re)insurers in the region have been cautious about including clauses related to these 'forever chemicals' as clients push back in a market that is ready to absorb the exposure.
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- January 22 2024
Escalating Red Sea crisis puts inflation, supply chain risks in focus
As the immediate impact of the attacks on insurance becomes clearer, underwriters are turning their attention to broader risks that could emerge should the attacks continue.
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- January 18 2024
Tokio Marine fully exits Saudi Arabian business
Tokio Marine & Nichido Fire Insurance has agreed to sell its remaining stake of Arabian Shield Cooperative Insurance to Alinma Bank.
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- January 12 2024
Asia SRCC and terrorism market seeks further protection as unrest looms
Underwriters unsettled by rising losses are looking to limit exposures with political and civil unrest risks going up in more than 50% of countries over the last 12 months.
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- January 11 2024
Axa XL bolsters APAC & Europe team with new appointment
Amsterdam-based Shanna Zrini has been named underwriting business owner for Asia Pacific and Europe.
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- January 9 2024
Guy Carpenter’s global property cat rate-on-line index up 5.4% in 1.1 2024
This is the seventh consecutive year-on-year increase for the index, but it was significantly lower than the 27.5% rise seen last year.
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- January 9 2024
Hard market conditions to stay despite a rebound in reinsurance capital: AM Best
Traditional reinsurance capital is estimated to have risen to US$561bn last year, up 12.2%, with a 4% increase in third-party capital thanks in part to record-high issuance of cat bonds.
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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
(Re)insurers to keep an eye on inflation, climate risk and geopolitical tensions in 2024
Expectations for a recovery in growth, orderly renewals, improved supply-demand dynamics, easing of retro market conditions point to a shift in sentiments and the industry’s resilience.
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- January 2 2024
Global property cat rates rise 3% in ‘stable and orderly’ 1.1 renewal: Howden
Supply largely sufficient to meet increased demand as cedents took the opportunity to purchase more cost effective tail coverage.
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- January 2 2024
Healthier property market drives stable, predictable 1.1: Gallagher Re
While confidence in third-party liability lines has diminished, capacity for specialty lines remained buoyant, according to the reinsurance broker's renewal report.
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- January 1 2024
Global property cat rates near-flat at 1.1 with ‘ample capacity’: Guy Carpenter
Availability of property retro capacity led to improved buying conditions, particularly at more remote levels with retention levels holding steady and greater consistency in terms and conditions.
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- December 22 2023
Everest elevates Singapore-based Glen Browne to global head of A&H
Browne, who joined the insurer in June as head of international corporate strategy, will continue to report to co-head of international Adam Clifford.
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- December 21 2023
Axa XL bolsters APAC & Europe team with two senior appointments
Sydney-based Julijana Sumner has been promoted to chief claims officer, while Paris-based Sandhya Louis has become chief operating officer.
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- December 21 2023
January 1 renewals seeing ‘flattish pricing’, better terms
Political risk and war will see the most challenging conversations with capacity available for other classes as reinsurance or retro markets have not been too affected by 2023 catastrophes.
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- December 19 2023
Tokio Marine Holdings’ managing executive officer Robert O’Leary resigns
O'Leary has also been serving as the chairperson of the Japanese insurance group's US subsidiary Philadelphia Consolidated Holding since January 2021 and was formerly its president and CEO.
