Industry Segments: Political Page 2 / 5
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- July 12 2024
Asia Pacific reinsurance market finds a new equilibrium
While the market is ‘finely balanced’ for now, its sustainability will depend on the loss activity in the remaining six months of 2024, according to reinsurance experts and analysts.
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- July 9 2024
Civil unrest, terrorism threats linger as Paris Olympics opens doors to 11 million visitors: WTW
The Games could point to more political violence losses as the anti-pension reform protesters have threatened to undermine the hosting of the event.
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- July 4 2024
Exclusive: Carriers staring at US$1bn+ losses from New Caledonia civil unrest
QBE and Allianz’s estimated net exposure to the event have exceeded US$215m each from political violence in the French overseas territory near New Zealand, IAN understands.
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- June 11 2024
Asian geopolitical threats cast a shadow in boardrooms
Demand for political violence coverage continues to increase while reinsurance capacity and appetite are reducing over fears that escalation in the South China Sea could disrupt supply chains and trigger civil unrests.
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- June 5 2024
Marsh taps Axa XL for Asia political risk team build out
Singapore-based Lim Mei Yean was most recently business development manager for Asia at Axa XL.
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- June 4 2024
AI key to exposure management, risk assessment beyond covered perils: CCR Re
Technologies such as natural language processing, machine learning are transforming how the global reinsurer assesses risks, predicts claims and prepares for climate change, says CRO & actuary Jérôme Isenbart.
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- June 3 2024
‘Grey zone aggression’ risks loom amid ongoing political uncertainties
While catastrophic scenarios are unlikely, risk managers see the possibility of “escalating pressure” in the South China Sea as a major concern.
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- May 24 2024
South-East Asia accounts for a third of global ship losses in 2023: Allianz Commercial
South China, Indochina, Indonesia and the Philippines, is the main ship loss hotspot globally last year.
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- April 19 2024
Axa XL hires Jack Hullah as Asia underwriting manager for political risk, credit & bond
Hullah will focus on expanding the company's political risk, credit platform in Asia, after joining the insurer from Mitsubishi UFJ Financial Group.
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- April 18 2024
Hong Kong’s national security law eases US$100m political violence concerns
The new law has lowered concerns of exposure to another event akin to the 2019 protest, still (re)insurers haven't relaxed underwriting considerations.
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- April 11 2024
Guy Carpenter hires Partner Re’s Richard Chu as managing director for credit, bond & political risk
Singapore-based Chu will be responsible for new business development across Asia Pacific and will report to the head of the division, David Edwards.
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- April 11 2024
Super election year fuels demand for political violence cover among MNCs: Allianz Commercial
With half of the world's population going to polls this year, security in many territories is undermined by threats of local unrest and electoral outcomes on foreign policy, trade relations and supply chains.
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- April 8 2024
Aon’s Dan Chapman rejoins Lockton Australia as director for trade credit, surety and political risk
As one of the founding members of Lockton Australia in 2012, Chapman will work closely with Liam Berry, head of surety, trade credit & political risk at the broker.
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- January 31 2024
Canopius strengthens APAC credit & political risk team with underwriter hire
Sydney-based Dimitri Plastiras, who will be transferred to Singapore later this year, is among four senior hires by the specialty (re)insurer globally for the credit & political risk division.
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- January 24 2024
Election-packed 2024 revs up appetite for political risk cover
While the appetite for global programs has significantly reduced, single-country appetite remains relatively deep and is expected to see a boost in the product’s popularity over the coming months.
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- January 15 2024
Taiwan election results weigh on vexed political risks market
China-sceptic Lai Ching-te's victory in the presidential polls raises worries that cross-straits relations may strain further, however, a weakened mandate and loss of legislative majority could have a moderating influence.
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- January 12 2024
Asia SRCC and terrorism market seeks further protection as unrest looms
Underwriters unsettled by rising losses are looking to limit exposures with political and civil unrest risks going up in more than 50% of countries over the last 12 months.
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- January 4 2024
(Re)insurers to keep an eye on inflation, climate risk and geopolitical tensions in 2024
Expectations for a recovery in growth, orderly renewals, improved supply-demand dynamics, easing of retro market conditions point to a shift in sentiments and the industry’s resilience.
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- December 21 2023
January 1 renewals seeing ‘flattish pricing’, better terms
Political risk and war will see the most challenging conversations with capacity available for other classes as reinsurance or retro markets have not been too affected by 2023 catastrophes.
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- December 19 2023
Industry monitors maritime risks amid escalating South China Sea tensions
APAC insurers remain cautiously optimistic that the dispute will not broaden to involve the wider maritime community transiting the waters.
