News Page 366 / 1060
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- January 4 2023
Australia floods, Fukushima earthquake top 2022 nat cat losses: Cresta
With Typhoon Nanmadol, three out of the top seven ex-US loss events exceeding US$1bn were from Asia Pacific.
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- January 3 2023
New Zealand urges homeowners to buy property cover after record 3,300 claims
The Earthquake Commission said that event claims in 2022 doubled over the last four years.
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- January 3 2023
MSIG hires AGCS veteran Victorio Villar as head of technical services
Singapore-based Villar's responsibilities cover the carrier's 15 business units across Asean, Hong Kong and Oceania.
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- January 3 2023
Composite licenses regime could drive insurance M&A in India
The new rule will encourage more tie-ups in the industry, allow standardisation of policies and introduction of customer-centric strategies.
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- December 30 2022
PICC P&C issues US$32.5m Hong Kong-domiciled cat bond
The third ILS to be issued in the city offers coverage for China earthquake risks.
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- December 30 2022
Japan’s big three to offer US$60m in Russia-Ukraine marine war cover: report
Total underwriting capacity halved to US$226m despite an additional US$165.8m cover from overseas reinsurers.
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- December 30 2022
MS&AD investment arm adds US$100m dry powder
The venture capital fund will invest in overseas insurtechs and digital startups related to risk and insurance, which are strategically relevant the Japanese carrier.
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- December 29 2022
Third Hong Kong ILS offering “in the pipeline”, says HKIA chairman
A new mainland reinsurer is in talks to sponsor a city-domiciled cat bond early next year, IAN can reveal.
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- December 29 2022
Philippines regulator sets aside cat premium hikes
The Insurance Commission has suspended the revised schedule of minimum catastrophe rates that took effect from November 1.
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- December 29 2022
P&I insurers to quit war risk cover for Russia and Ukraine from January 1
Exit by reinsurers due to huge losses and lack of retrocession is forcing P&I clubs that cover 90% of ships to stop offering war risks.
