Tibet earthquake compensation payments, pre-payments near US$5m
January 14 2025 by Andrew Mullen and Kristina Shperlik
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Tibet earthquake payments top US$60,000 from Chinese insurers
- January 9
88 reports, with a total of 20 claims, have been made to insurers, including PICC, China Continent, China Taiping and Sunshine.
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New Zealand’s Southern Response to slash headcount as Canterbury earthquake claims grant nears end: reports
- December 5
The roles would be reduced by at least 15 personnel to about eight or nine by June 2025 when the Crown package, which has already settled 9,019 claims or about 96% of the eligible applicants, is expected to be wound up.
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Rokstone launches global multi-peril parametric offering with US$10m facility
- November 20
The MGA has partnered with NormanMax Lloyd’s Syndicate 3939 to launch to cover earthquake, hurricane, tropical cyclone and typhoon risks, with further perils including floods set to be added next year.
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PCRIC secures US$2.6m grant from Global Shield Solutions Platform
- November 18
The funding from the climate change-focused multi-donor grant facility will be used to support product, development, research, education and eventually, scholarships.
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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.
