Taipei Office will be spearheaded by Taiwan CEO, Brian Wang, who joined Gallagher in 2022 to oversee the market launch.
Global marine premiums rise to US$35.8bn amid China's ascent in shipping tonnage, though Asia's growth lags due to weaker currencies and economic headwinds.
Reuters reports that France and U.S. will propose ban on new coal-fired power plants at COP28, potentially disrupting global energy and insurance sectors while facing opposition from coal-dependent nations like India and China.
Australian Climate Risk Index highlights the vulnerability of Australia’s power grid to climate change, with Western Australia and the Northern Territory facing the highest risk.
WTW report outlines a number of potential energy risks for insurers, including El Niño, construction, macro and geopolitical concerns, and cyber.
GIC Re and P&C insurers deliberate reallocating portion of 150bn rupee (US$1.8bn) terrorism pool toward mitigation of risks related to nuclear energy and sanctioned imports.
The campaign releases seventh annual scorecard, with Australia's QBE highest ranked among Asia Pac (re)insurers, Japanese insurers middle of the pack, and Chinese insurers propping up the table.
Charles Taylor's Asia team surpasses 300 specialists with Matthew Cao appointed as MD of Southeast Asia alongside 10 other hires in Singapore, Hong Kong, and Malaysia.