Asia Pacific
International re/insurers are looking to Asia Pacific markets for growth opportunities
Chubb to buy Liberty business in Thailand and Vietnam
Liberty operations Chubb is acquiring produced $275m in net written premiums in 2024
Hong Kong extends ILS grants for three more years
City has been making efforts to attract Apac insurance-linked securities business, but lags behind Singapore
Pacific typhoons could prompt risk modelling updates: Chaucer
Specialty re/insurer has incorporated Pacific typhoons shifting northwards into its risk assessments, highlighting an increased likelihood of losses over the next decade
QBE reports 27% increase in profit for 2024
Australian insurer says California wildfire exposure around $200m
Sompo restructure separates P&C and life
The Sompo P&C division will integrate Sompo International’s re/insurance business with its Japan-based commercial and consumer P&C operations
India to allow 100% foreign ownership of local insurers
Finance minister announces measure in budget speech
MS Amlin expands Phoenix Re capacity to more than $90m
Latest issuance represents a 12.5% uplift in capacity from 2024
India authorises third sanctioned Russian P&I provider
Depth of cover unclear, market sources say
Markel names Lin as head of Singapore
Specialty carrier bolsters its Lloyd's Singapore platform with senior appointment
Strong M&A market expected in 2025
Increasing number of mid-market deals expected this year in boost to M&A insurance market, WTW finds
Miller launches in South Korea
Miller Korea will be led by David Kim as head of Korea
WTW launches cyber insurance facility in Asia
QBE and Axl XL-backed facility designed to address evolving cyber security challenges with a primary insurance capacity of up to $15m
Hartford opens Singapore service company
US group continues to extend Asia reach of its Lloyd’s syndicate 1221
M&A insurance market to benefit from Trump boost
Incoming president will provide favourable M&A environment in US, broker says
Perils increases Australia Christmas storms loss estimate to A$1.6bn
Storm affected Victoria, New South Wales and Queensland last December
Berkley Insurance cleared to establish branch office in India
Commercial insurer continues expansion in the region with branch office in the Gujarat International Finance Tec-City
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