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- Property & Casualty
- Published 25 Apr 2025
Insuring APAC’s energy transition: from grand ambitions to lingering challenges
The renewable energy sector in Asia has experienced a remarkable shift in the past few years, with wind and solar power overtaking traditional sources like hydroelectricity, while emerging technologies like offshore wind and battery energy storage systems (BESS) find wider adoption.
This report delves into the current state of renewable energy in Asia, highlighting both the opportunities and challenges it presents to the region's (re)insurers. Insights from a diverse group of experts shed light on the future trajectory of this dynamic sector:
• Rob Jones, Asia renewable energy leader at Marsh
• Guillaume Parard, head of P&C for Asia at Axa XL
• Tom Baker, head of renewable energy at Markel
• Alex Davies, director of power, downstream and renewables at Price Forbes
• Will Hiller, underwriter at GCube
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Sompo P&C’s adjusted profit rises 50% to US$1.5bn
- November 19
Improved performance mainly driven by lower nat cat costs and profit improvement in domestic P&C.
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Hanwha on the hook as lead insurer for E-Land’s South Korea warehouse fire: reports
- November 17
Hyundai Marine & Fire Insurance, DB Insurance, KB Insurance, and Heungkuk Fire & Marine Insurance are other co-insurers of the building, with total policy limits of around US$261m.
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GIC Re trims H1 FY26 underwriting loss by 45.5% to US$1.46bn, COR down to 107.7%.
- November 17
State-owned reinsurer's GWP was up by 5.6% in the first half, and it plans to expand its Lloyd's syndicate in pursuit of a larger share of international business.
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Cat bond issuance boom will roll into 2026: Moody’s
- September 4
Global cat bond issuance to top US$20bn in 2025 and is 'expected to persist' into next year.