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- February 14 2025
MS Amlin’s COR for 9M FY24 at 88.8%, reports US$163.5m underwriting profit
MS&AD-owned specialty (re)insurer reports continued growth since turnaround a year ago, posting NWP of US$1.4bn.
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- February 13 2025
As Trump plays a ‘treacherous trade game’, tariffs solve nothing, leading underwriter says
Sean Dalton, vice president of the International Union of Marine Insurance (IUMI), says the rising risks of an all-out trade war between the US and China are a huge concern for insurers and clients.
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- February 11 2025
MS Amlin launches credit, political risk offering in Dubai with India, MENA markets in sight
New business line will be led by Osama Elshiekh, senior underwriter for credit and political risk, reporting to senior executive officer for MENA Vipul Gupta.
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- February 11 2025
Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’
NorthStandard's loss prevention director for decarbonisation Mark Smith calls for clarity in regulation and fuel, with decarbonising the world fleet on the agenda.
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- February 7 2025
LA wildfires unlikely to impact APAC (re)insurers due to ‘limited’ exposure: Fitch
Rating agency expects insured losses from the wildfires to significantly exceed previous records, with industry estimates ranging from US$35-50bn.
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- February 6 2025
California fires losses to exceed Hannover Re’s Q1 large-loss budget
The reinsurer estimates a US$500-700m hit from the event and an industry loss of US$30-40bn.
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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.
