Asia Pacific
International re/insurers are looking to Asia Pacific markets for growth opportunities
Perils lowers Cyclone Alfred loss estimate to A$1.9bn
Lower loss estimate attributed to cautious early reserving
Sompo Japan launches methane detection solution
Partnership aims to deliver satellite-based methane detection to help energy firms manage emissions risks and strengthen climate compliance
JBA updates India crop catastrophe model
Updated model includes refined market data and broader crop and seasonal coverage as well as detailed district-level insights
Marine insurers risk being left behind in dash to AI
Technology will bring underwriters and brokers closer together, with synergies running from pricing and claims handling to risk assessment, Khanna says
China now core H&M insurance centre, Iumi told
American Hellenic Hull’s Ilias Tsakiris castigates underwriters for failure to maintain discipline
Gallagher Re continues Asia-Pacific expansion with Steadfast Re deal
Reinsurance broker acquires Australian firm for undisclosed sum
Pantheon to acquire digital asset broker
London broker to buy a stake in Hong Kong-based Fraction Brokers with the financial support of BP Marsh
Perils launches typhoon loss forecasting platform in Japan
Platform aims to provide typhoon loss projections up to 72 hours ahead, updating every 12 hours with potential losses
Sompo acquires Aspen for $3.5bn
Acquisition of Bermuda-based re/insurer is part of the Japanese giant’s strategy to expand its P&C business outside the domestic Japanese market
Howden names Hughes as New Zealand CEO
Broker brings in Insurance Australia Group executive to succeed Nigel Wallace
Charles Taylor adds Tennant to Asia-Pacific marine team
Loss adjuster appoints Gordon Tennant as regional director for marine technical services in Asia
Howden Re appoints Wong to lead Hong Kong treaty
Reinsurance broker continues to build out Hong Kong operation with senior Guy Carpenter hire
World’s biggest shipowner files for limitation on India spill payout
The Indian government is seeking $1bn compensation for the incident
Greek shipowner scores legal victory over Allianz
Delos has won its case against Allianz to clarify the meaning of both the American Hull Clauses and UK’s Insurance Act 2015
Aon names new UK and Apac reinsurance CEOs
Andrew Laing is now UK CEO of reinsurance and Rupert Moore takes on a new role as CEO of reinsurance across Asia-Pacific
Perils expands SCS reporting to Europe, Japan, and New Zealand
Expansion aims to cover property and motor losses
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