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Asia Pacific

International re/insurers are looking to Asia Pacific markets for growth opportunities

 

Navigating the challenges and opportunities of Asia: MS Amlin’s Ho

Asia provides diversification potential for international reinsurers, but carriers must understand the potential pitfalls, MS Amlin Asia Pacific chief executive William Ho tells the Insurance Day podcast

Reinsurance Asia Pacific

Asia armed robberies decline but Hormuz turmoil raises regional risk

Marine incidents in the first half of the year fell by 65% compared to the same period a year ago because of stronger deterrence from law enforcement

Asia Pacific Middle East and Africa

Perils hikes Australia bushfires loss estimate to A$860m

Commercial lines property losses represented two-third of the total 

Australia Property

Willis names Pryce head of CRB for Southeast Asia

Executive succeeds Rupert Roberts, who was promoted to chief commercial officer for Asia

Singapore Broker

Insurance M&A slows down amid volatility

Insurance M&A deal value tumbles 40% amid decline in mega-transactions, according to EY analysis

Mergers and Acquisitions North America

European Commission approves Zurich-Beazley deal

EU says £8.2bn transaction ‘would not raise competition concerns’

Mergers and Acquisitions Zurich

Singapore proposes protected cell companies law

Protected cell companies would initially be limited to captives, insurance-linked securities and sovereign risk pools

Singapore Regulation

Australia to ease access to alternative reinsurance markets

Reinsurance cover will no longer need reinstatement provision to count towards capital adequacy

Reinsurance Regulation

Australian and New Zealand buyers increase vertical limits at July 1

Loss-free property treaty programmes renewed with rate reductions of 10% to 15%, Howden Re reported

Reinsurance Renewals

Markel appoints Ang head of terrorism in Singapore

Ang will be responsible for developing Markel’s political violence and terrorism portfolio in the Asia-Pacific region

Markel Specialty

BMS launches technology centre in Mumbai

New platform will give the group access to talent, skills and AI expertise in India

Broker India

QBE appoints O’Brien head of P&I for Asia

O’Brien will be responsible for the performance and development of QBE-owned British Marine’s P&I portfolio across Asia

QBE Specialty

Philippine domestic insurers will take quake losses

Mindanao tremor could cause tens of millions in losses, AM Best says

Property Reinsurance

Philippines quake ‘may prompt reinsurers to adjust risk appetite’

June 8 quake struck near southern Mindanao, killing close to 40

Property Reinsurance

IGI approved for India GIFT City branch

New branch office will write facultative and specialty treaty reinsurance

India Bermuda

How AI is transforming W&I underwriting

Artificial intelligence is a natural fit for text-heavy, multi-variable and analytically complex underwriting, like warranty and indemnity

Specialty Markel
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