News Page 22 / 1075
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- May 7 2025
Korean non-life carriers’ overseas branches see net income surge to US$95m
Increase attributed to base effect of natural catastrophes in 2023, including Typhoon Mawar in Guam and a wildfire in Hawaii.
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- May 7 2025
APAC insurers remain resilient amid trade tensions, volatile markets: S&P
However, rising tariffs, market volatility, and currency fluctuations could strain earnings and slow premium growth.
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- May 7 2025
Asia firmly in Markel’s sights as it seeks to ‘equip, empower’ amid global leadership shake up
Lloyd’s underwriter continues the hunt for an Asia Pacific CEO to succeed Christian Stobbs, who is returning to the UK.
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- May 6 2025
Olivia Clark jets into Singapore as Everest’s senior APAC aviation underwriter
Clark relocates from London, having previously worked at Chubb and Nexus Group.
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- May 6 2025
Howden promotes Leo King to regional fac role
A company veteran, King was most recently an executive director, a post he had held for more than four years.
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- May 6 2025
South Korea allocates record US$1.38bn for unprecedented Yeongnam forest fires
Total damage has been estimated at KRW1.818 trillion (US$1.32 billion), marking the most severe forest fire incident since records began.
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- May 6 2025
Allianz Trade’s Rodrigo Jimenez to succeed Paul Flanagan as Asia Pacific CEO
Jimenez, who is currently regional commercial director for northern Europe with the trade credit insurer, will take charge on October 1.
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- May 6 2025
Market Lane rolls out new Australian MGA to offer product recall, environment liability
ML Specialty, to be led by Sam Souso, will offer environmental impairment liability as well as product contamination and product recall products for the food and beverages industry.
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- May 6 2025
Stress test shows Kiwi insurers can meet claims in NZ$100bn earthquake scenario
New Zealand's central bank assessed the responses to a major earthquake and severe cyber-risk incidents by simulating an event well beyond insurers’ solvency requirements, modelled to cost around US$60bn.
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- May 6 2025
Munich Re Specialty steps up diversification in Asia with cyber, specie build out
While select diversification continues, nat cats and cyber remain key emerging risks for clients in the region, Asia head Hui Yun Boo tells IAN.
