PICC on hook for US$530m from Typhoon Doksuri with reinsurance deductibles at US$150m
September 1 2023 by Andrew Tjaardstra
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Late-season Typhoon Kong-rey causes disruption in Taiwan, set to bring heavy rains to Shanghai
- October 31
The biggest storm to make landfall on the island could see property and BI losses as well as the risk of an oil spill from a beached cargo ship on the northern coast.
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Taiwan braces for heavy rains, strong wind with super typhoon Kong-rey set to make landfall
- October 30
The typhoon, allegedly the most powerful in almost six decades, could lead to another suspension of the island’s US$2.5trn stock exchange.
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Hurricane Milton’s strength and track makes a revision of APAC renewals a near certainty
- October 10
Insured losses from the “catastrophic” storm is predicted to top US$60bn as it heads for populous Tampa, which will complicate the upcoming renewals.
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Typhoon Krathon’s economic losses likely reach ‘tens of million’ in Taiwan, Philippines
- October 7
The local government in Taiwan's Keelung city estimated that restoration and rebuilding work related to typhoon Krathon will cause US$14.8m according to local media citing city mayor George Hsieh.
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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.
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PineBridge Investments | Why Asian insurers are exploring private credit and CLOs
The recent rollout of risk-based capital regimes across Asia calls for a closer alignment between insurers’ assets and liabilities. We explore potential ways to maintain a healthy investment yield and robust returns on regulatory capital.
