LA wildfires unlikely to impact APAC (re)insurers due to ‘limited’ exposure: Fitch
February 7 2025 by InsuranceAsia News
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California fire losses for Japan’s big 3, Korea’s DB Insurance likely to top US$600m
- January 16
Tokio Marine Holdings, MS&AD Insurance Group and Sompo Holdings could see claims of up to US$575m, according to media reports, while DB Insurance has estimated US$41m.
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Chubb elevates Carles Tondo as head of property and technical lines in Singapore
- January 7
In his new role, Tondo will be responsible for fire, terrorism, construction, power generation and energy.
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Indian non-life insurers grow premiums by 12.8% to US$34bn in 2023-24
- December 27
Health insurance reported 19.5% growth, while the motor segment saw a year-on-year premiums growth of 13%.
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Firefighting levy on New Zealand insurance premiums finalised
- December 19
The revised levy, which is a primary funding mechanism for Fire and Emergency New Zealand, will be effective from July 2026.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
