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Asia Pacific

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

 

Papua New Guinea agrees parametric cover for undersea fibre optic network

New policy is designed to provide rapid payouts following earthquake damage

Asia Pacific Papua New Guinea

Zurich Malaysia highlights takaful for climate-vulnerable communities

Islamic insurance can enhance financial resilience to impacts of climate change, the chief executive of Zurich General Takaful Malaysia Berhad says

Malaysia Zurich

Everest launches Australian insurance business

Carrier advances its international insurance expansion strategy with new operation

Australia Everest Re

Hong Kong insurance regulator supports developing local ILS market

World Bank launches $150m catastrophe bond for Jamaica storm perils on Hong Kong exchange

Hong Kong InsuranceLinked Securities

Agile syndicate to commence underwriting

Australia and New Zealand-focused syndicate-in-a-box given final approval from Lloyd’s

London Australia

Munich Re reorganises Asia and Africa operations

Reinsurance giant shuffles regional executives in Asia and Africa, moving Kotak and Eckl

Munich Re Asia Pacific

Liberty Mutual restructures international business

Global Risk Solutions restructure sees creation of new international insurance business division and the unification of two business operations in Asia

Asia Pacific Specialty

CFC acquires Australian financial lines MGA

Acquisition of Solution Underwriting will expand specialist MGA's footprint in Australia to five offices

Australia Mergers and Acquisitions

Guy Carpenter hires Chu for senior credit and political risk role

Reinsurance broker taps PartnerRe executive to drive business development in Asia Pacific region 

Asia Pacific Guy Carpenter / Marsh

Peak Re expands bespoke solutions team to P&C lines

Chenwei Li will continue to lead the expanded structured solutions operation

Asia Pacific Hong Kong

Ship interests succeed in constructive total loss claim

Commercial Court finds for claimants under a war risk policy in relation to a ship detained in Indonesia 

United Kingdom Indonesia

Taiwan quake losses will not exceed those from 2016 tremor: AM Best

Main source of claims likely to be for business interruption, rating agency says

Taiwan Property

Japan Club sees tonnage exodus

Marine mutual describes business environment as ‘not easy’ and premium levels as ‘still inadequate’, hinting at price hikes to come

Japan Marine

Taiwan property insurers to maintain profitability despite recent earthquake: GlobalData

Taiwan's government-backed insurance pool is expected to absorb most of the losses, analysts say

Taiwan Property

Taiwan quake meets a weakened insurance sector, says AM Best

Pandemic saw decline in assets and reserves, but key tech sectors have reinsurance access

Taiwan Casualty

Perils increases Australia Christmas storm loss estimate to $1bn

The loss aggregator's updated estimate covers the property and motor hull lines of business

Australia Property
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