Quiet Western Northern Pacific typhoon activity saw ‘manageable’ 2022 damage: Gallagher Re
January 31 2023 by Andrew Tjaardstra
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Fire losses still burning issue for marine insurers as claims mount
- December 6
Extreme weather, increase in machinery claims post-Covid, piracy, geopolitical and cyber risks are other major APAC marine market concerns.
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Hong Kong’s September extreme weather bill at US$243m: HKIA
- December 4
Black rainstorm accounted for 81% of the claims, while the rest came from Typhoon Saola; 86% of gross claims incurred were property losses.
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Everest appoints Godfrey Seet as Asia head of short-tail claims
- November 30
Seet has relocated to Singapore from Hong Kong, where he was most recently senior vice president, claims at Peak Re.
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Surge in claims volume testing APAC service capabilities
- November 30
Increasing nat cat losses, rising cyber claims and inflation leave regional response infrastructure in danger of being overwhelmed, lengthening lead times significantly and driving up costs.
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Capital Consulting International seeks to expand into new markets and double its APAC presence
The consultant is exploring potential acquisitions in Australia and New Zealand, and expanding its footprint in South-East Asia, Korea and Japan.
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Peak Re | From cybercrime to mental well-being: evolving needs of emerging Asia
Managing these daunting risks will require a multi-stakeholder approach to risk identification, financing and mitigation.
