Country: Global Page 16 / 52
-
- June 8 2023
Looming El Niño raises risk of secondary perils across APAC
Carriers look to innovate as countries across the region fear dry conditions, drought, forest fires and flash floods with (re)insurers on high alert.
-
- June 7 2023
Asian carriers on the hook from ‘hundreds of millions’ of Guam typhoon claims
Tokio Marine, MS&AD, DB and Chung Kuo among hit as Typhoon Mawar caused extensive property damage, but high deductibles could help keep losses down.
-
- June 6 2023
Target Insurance to raise US$680m through its UAE arm Himalayas Insurance
The owner of the liquidated Hong Kong taxi insurer is eyeing a resumption of business with its new Middle Eastern venture.
-
- June 5 2023
Everest Insurance hires Glen Browne as head of international corporate strategy
Singapore-based Browne previously had a senior regional role for Chubb's personal lines business.
-
- June 1 2023
Opinion: Florida’s return to orderly renewals a welcome sign for APAC
Prospects of 30-40% rate hikes tempt reinsurers back to a normalised attitude towards the assumption of nat cat risk as 1.6 draws to a close.
-
- May 30 2023
MS&AD leaves Net-Zero Insurance Alliance
The insurance group is the last of Japan's big three to exit the climate group, following Tokio Marine and Sompo's exits in the last few days.
-
- 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.
-
- May 29 2023
Tokio Marine quits climate alliance
The Japanese insurer said it remains committed to the transition towards a decarbonised society.
-
- May 29 2023
Lloyd’s, QBE, Axa, Scor, Allianz and Sompo exit Net-Zero Insurance Alliance
The moves come after Hannover Re, Zurich, Scor, Swiss Re and Munich Re left the group with anti-trust issues in the US understood to be a concern.
-
- 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.
-
- 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.
-
- 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.
-
- May 23 2023
Swiss Re leaves the Net-Zero Alliance
This is the fourth recent exit of a member following the departures of Hannover Re, Zurich and Munich Re.
-
- May 22 2023
Japan’s big 3 count on overseas recovery as domestic results take nat cat hit
Tokio Marine, MS&AD and Sompo expect a revival in international units to drive FY 2023 performance.
-
- May 18 2023
AUB in US$100m equity raise as Tysers UK retail JV with PSC called off
The fundraise is more than the US$66.5m it was due from PSC under the 50/50 JV agreement, as the broker targets more M&A.
-
- 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.
-
- May 12 2023
QBE hits 90% of H1 cat allowance, adjusts COR target
The global carrier has also strengthened reserves by US$130m for weather events in FY 2022.
-
- 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.
-
- May 7 2023
Three key QBE subsidiaries handed ratings upgrades
AM Best revised outlook to stable for North America, Europe and UK subsidiaries on improved underwriting and operating performance metrics.
-
- May 5 2023
BHSI elevates Sydney-based Cameron Holmes to global role
Holmes will take charge as global underwriting officer, property for energy and construction.
