Country: Global Page 4 / 53
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- January 2 2025
Favourable supply dynamics bring ‘notable softening’ in January 1 renewals: Howden
On average, risk-adjusted global property catastrophe reinsurance rates-on-line decreased by 8%, according to the broker's renewal report.
-
- January 2 2025
Property cat, specialty 1.1 renewals saw risk adjust reductions across the board: Gallagher Re
Reinsurance renewals saw capacity supply generally exceed demand and buyers received the 'measure of relief' they sought, CEO Tom Wakefield says.
-
- January 2 2025
1.1 property cat renewals see up to 15% rate reductions
Increased reinsurer appetite and reinsurance capacity, as well as muted demand from cedents, signal a return to a soft market in Asia.
-
- December 30 2024
Doha Insurance Group obtains approval from Qatar Central Bank for India reinsurance branch
Branch will be set up in the Gujarat International Finance Tec-City (GIFT City), according to a Qatar Stock Exchange announcement.
-
- December 23 2024
1.1: property cat, casualty rates softening, terms and conditions hold
The market is paying more attention to war risk as geopolitical risks and continuing conflicts weigh on carriers.
-
- December 20 2024
BHSI appoints Cheryl Tan as head of marine claims, Asia Middle East
Industry veteran Tan had earlier worked with Canopius Group, Swiss Re and Catlin Singapore in various roles.
-
- December 20 2024
International Group P&I 2025-26 renewals see rate hikes across categories
Fully cellular container ships (FCC) experience the largest rate increase, rising by 23.6%, while clean tankers see an 8.9% increase.
-
- December 18 2024
Higher retentions by reinsurers drive investment in granular data, modelling: Moody’s Michael Steel
While modellers have embraced AI, insurers remain cautious despite growing recognition of its benefits, says the general manager of the risk analytics provider.
-
- December 17 2024
Chubb elevates John Latter as claims lead for overseas general insurance
Latter will oversee the insurer's claims organisation in Europe, the Middle East, Asia Pacific, Latin America and the Far East.
-
- December 16 2024
New capital focusing on specialty rather than general reinsurance: Guy Carpenter’s Priebe
"There's an increased focus around creating and delivering specialised underwriting expertise with capital really dedicated to maximising those opportunities," says the chairman of the reinsurance broker.
