News Page 577 / 1119
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- July 14 2021
X-Press Pearl’s owners pay initial US$3.6m claim
Sri Lanka's government is looking for US$40m to compensate for environmental damage.
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- July 14 2021
Global Atlantic inks US$4.8bn Axa China/HK reinsurance deal
This is the US annuity and life (re)insurance player's first venture in the APAC region.
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- July 14 2021
Asia’s aviation risk rises as airlines hustle for business
Higher accident rates a concern as airlines add 500 new routes across the region.
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- July 13 2021
Asia power & energy insurance renewals stable in Q2: Marsh
The global broker says the renewable energy sector is still “running hot” in the APAC region.
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- July 13 2021
Sichuan floods to cause ‘surge’ in commercial property, motor claims
Crawford's Hong Kong manager tells IAN ongoing floods could lead to complete motor vehicle losses.
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- July 13 2021
Olympics’ spectator ban to cost reinsurers US$300–400m: Fitch
Reinsurers to pay for ticket and hospitality refunds after a state of emergency was declared in Tokyo.
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- July 13 2021
Aon/WTW: EU approval highlights painful path to US clearance
Extensive divestments may need to be replicated across the pond to appease the DoJ.
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- July 12 2021
Tropical Cyclone Seroja to cost insurers US$324m: Perils
The loss figure for the Australian market covers both property and motor hull lines of business.
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- July 12 2021
Beazley appoints APAC healthcare underwriter
Appointment of Prashansa Daga supports the expansion of the specialty player's medical & life sciences offering.
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- July 12 2021
Aon/WTW offer to divest large local clients to secure NZ approval
Divestitures equal two-thirds of the GWP placed by WTW’s New Zealand CRB business.
