Industry Segments: Risk Page 4 / 23
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- April 18 2024
Markel Australia expands professional, financial risk team with senior hire
Brisbane-based Jonathan Schroeder will work closely with Kym Beazleigh, head of PFR Australia and head of New South Wales, and Steve Rogers, head of Queensland.
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- April 4 2024
New normal of US$100bn annual nat cat losses calls for greater resilience
The pace of the widening protection gap for natural catastrophes is increasing, and Swiss Re has urged for meaningful climate adaptation and resilience programs
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- April 2 2024
IAG New Zealand confirms new chief risk officer following executive team rejig
Rachel O’Brien will take over as CRO for the carrier, while former CRO Martin Hunter will take up a new role and Wayne Tippet will return as executive general manager for claims.
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- March 25 2024
WTW hires Tim Dempsey to head Asia sales for corporate risk and broking business
Kuala Lumpur-based Dempsey, who joins from Aon, will collaborate with client management teams across the region to drive sales and support business growth.
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- March 20 2024
Markel expands Singapore financial lines team with ex-QBE hire
Ray Lim joins as a financial and professional risks underwriter and reports to Simon Moi.
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- March 14 2024
Cyber, business interruption top risks for India: Aon
66.7% of respondent organisations in the country suffered a loss due to property damage and 50% were affected by supply chain disruptions.
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- March 14 2024
HDI Global names Paula Ritchie head of single risk for Australia, New Zealand
Joining from Arch Insurance Australia, Ritchie is tasked with expanding the the specialty insurer's offerings in the region.
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- March 6 2024
Sompo to align global P&C reinsurance purchase with senior appointment
Group veteran Koji Takahashi has been named chief risk officer and head of reinsurance for Sompo Japan and he will work closely with SompoRe.
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- February 21 2024
More IG P&I clubs introduce buyback for Red Sea war risks from February 20
Some of the clubs will have the Red Sea and the Russia, Ukraine, Belarus excluded areas combined under the same structure with the new reinsurance panel.
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- February 8 2024
Panama Canal drought exacerbates supply chain woes for shippers hit by Red Sea troubles
Marine insurers fear further delays as canal disruptions impact Asian trade routes and the global supply chain as vital Asian goods remain gridlocked, say IUMI executives.
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- February 6 2024
IP risks on the rise as insurers look to APAC’s rising need for cover
As the number of infringement cases and the amount awarded climb, IP-related insurance is drawing more attention from companies in the region.
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- January 29 2024
Sompo International elevates Rennie Muzii as EVP, head of Asian risk solutions
US-based Muzii was most recently senior vice president of professional lines, a role which he held since joining the insurer in 2013.
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- January 26 2024
Alternative shipping routes create new risks for (re)insurers
As vessels look for solutions to escalating Red Sea crisis, increasing costs, delays, piracy risks and dangers of regulatory action because of increased carbon emissions present challenges to carriers.
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- January 22 2024
Escalating Red Sea crisis puts inflation, supply chain risks in focus
As the immediate impact of the attacks on insurance becomes clearer, underwriters are turning their attention to broader risks that could emerge should the attacks continue.
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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 11 2024
Red sea attacks put global supply chains under pressure as WEF warns of long-term risks
With no end in sight, European businesses may move to shorter supply chains to eliminate shipping risks, which will have ramifications for Asian manufacturing hubs.
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- January 5 2024
WTW strengthens its corporate risk & broking business in Singapore with two senior promotions
Ernest Heng (pictured left) has been promoted to head of specialty while David Ng (pictured right) becomes head of client services.
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- December 14 2023
Insurer of shadow vessel grounded off Singapore ‘forcibly dissolved’ by Marshall Islands: report
Continental P&I, the little-known insurer which covered Liberty, the oil tanker carrying one million barrels of fuel oil, was shut down as it had no known address in the island nation, highlighting the challenges dark fleet poses to the industry.
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- December 6 2023
Fire losses still burning issue for marine insurers as claims mount
Extreme weather, increase in machinery claims post-Covid, piracy, geopolitical and cyber risks are other major APAC marine market concerns.
