Country: Global Page 2 / 52
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- February 6 2025
Taiwan concern remains for marine insurers, says IUMI, amid rising geopolitical risks
President Frédéric Denèfle and policy committee chair Neil Roberts address the pressing issues facing global maritime trade, including Red Sea transits following the recent ceasefire in Gaza.
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- February 5 2025
GIC Re moves ahead with plan to set up UK subsidiary
Subject to regulatory approval, Indian state-owned reinsurer will incorporate the wholly owned GIC Re, India Service Company.
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- February 4 2025
Generali, Descartes partner to launch parametric ILS fund
Twelve Capital-managed fund will invest in a portfolio that includes cat bonds and securitised natural-perils parametric insurance policies.
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- February 3 2025
With market in its adolescence, Lloyd’s seeks to address growing pains of ‘other cyber’ risks
Lloyd's Market Association framework addresses aggregation and exposure risks of systemic scenarios that have not been heavily modelled.
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- January 28 2025
MS Amlin creates new partnerships team to support syndicate expansion
New team will sit alongside MS Amlin’s existing insurance and reinsurance divisions and will operate as an arm of the CUO’s office.
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- January 27 2025
As carbon capture insurance demand grows, time for London to ‘show its leadership’
Clients in APAC and beyond are turning to London's vast energy experience to leverage its capacity for managing traditional and emerging risks, market sources tell IAN.
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- January 26 2025
Howden Re beefs up APAC offering, hires Aon veteran Kelly Hatch
London-based Hatch has been appointed director for international facultative having spent almost 27 years as an associate director at Aon.
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- January 26 2025
Allianz Commercial appoints Phuong Ly as UK managing director
Ly is currently Allianz Australia's chief general manager of the commercial division, based in Sydney.
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- January 22 2025
APAC records nat cat insured losses at US$8bn in 2024, the lowest since 2012: Gallagher Re
Three events - China seasonal floods, Typhoon Yagi, and Japan’s Noto Peninsula Earthquake - drove 68% of economic losses, or US$88bn, in the region.
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- January 22 2025
Exclusive: Axa XL Asia set for leadership change as Gilles Fromageot joins international markets team
Fromageot will head Morocco and the CIMA region for the insurer and will be based in Morocco, InsuranceAsia News (IAN) understands.
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- January 21 2025
East, South-East Asia record 72 piracy incidents in 2024, with 43 in Singapore Strait
11 large vessels targeted in the strait were over 100,000 deadweight tonnage, according to a report from the International Maritime Bureau.
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- January 17 2025
While trade war threat looms for Asia, climate risk needs more than insurance: industry leaders
Marsh McLennan’s Carolina Klint says Asia is particularly exposed given its role in the world’s manufacture of goods.
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- January 16 2025
California fire losses for Japan’s big 3, Korea’s DB Insurance likely to top US$600m
Tokio Marine Holdings, MS&AD Insurance Group and Sompo Holdings could see claims of up to US$575m, according to media reports, while DB Insurance has estimated US$41m.
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- January 10 2025
Jeju Air, Azerbaijan Airlines crashes add early pressure on market: Gallagher Specialty
Losses alone are unlikely to prompt a market reaction, but will impact year-end underwriting results, broker says in a report.
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- January 10 2025
Zurich promotes APAC chief underwriting officer to global claims role
Singapore-based Debra Burford confirms to IAN she will relocate to Zurich at the start of the second quarter of the year.
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- January 8 2025
Aon appoints Lloyd’s chief John Neal as global reinsurance CEO
Lloyd's confirmed Neal's departure for Aon this year and said that his leaving date will be confirmed in due course.
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- January 7 2025
Insurers likely to demand further frequency protection in the first half of 2025: Aon
Cedents are looking to restore balance as they have retained nearly 90% of nat cat insured losses in the last two years, according to the broker's Reinsurance Market Dynamics report.
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- January 6 2025
Guy Carpenter’s global property cat ROL index down 6.6% in first fall since 2017
Asia Pacific experienced the steepest decline at the renewals, down 7.2%, while the US fell by 6.2% and Europe by 5.3%, the broker said.
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- January 3 2025
Exclusive: Tyson Vickery takes up role as global placement leader for Marsh Europe
Vickery, who was placement leader for Marsh Asia, officially started in the new role on January 1 and is relocating to Zurich, he confirms to IAN.
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- January 2 2025
2024 ‘the year of the floods’, Cresta says, as 8 cat events top US$1bn
Noto earthquake in Japan in January last year only event in Asia to meet US$1bn threshold, according to the industry loss data provider.
