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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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Berkley Re APAC hires Allianz Re’s Kenrick Law as head of underwriting
- April 14
Most recently regional CEO and head of P&C client management at Allianz Re, Singapore-based Law will also be branch manager at Berkley Re APAC.
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China’s P&C underwriting profit to improve as capital stays strong despite growing asset risk: Moody’s
- April 9
Rating agency maintains a stable outlook for China's P&C insurance sector.
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Helena Nikolas joins AIG as head of commercial property in Singapore
- April 7
Nikolas, who was most recently senior property facultative underwriter at Hannover Re, has relocated from Sydney.
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McLarens promotes Hang Dong, Quang Nguyen to Vietnam directors
- April 2
Pair will provide joint leadership across operations in Hanoi and Ho Chi Minh City.