Non-life

Lockton appoints Sung Wook Han as Head of Marine for Asia

August 1 2024

Han joins Lockton after 15 years with WTW and has relocated from London to Singapore for the new role.

Insurers have settled 96% of Auckland Anniversary and Cyclone Gabrielle claims: ICNZ

August 1 2024

Approximately 96% of total claims and 85% of claims value have been paid out from New Zealand's 2023 twin catastrophes.

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Reinsurers' reluctance to underwrite Asia Pac cyber risk is limiting market growth

August 1 2024

Few global reinsurers ‘willing’ to underwrite Asia Pac cyber risk, says Greg Carter of AM Best.

China Life overtakes Ping An as largest Asia-Pacific insurer by market cap

August 1 2024

Japanese insurers saw significant market cap growth despite regulatory scrutiny and scandals over the last 12 months.

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US$67bn in H1 nat cat losses significantly higher than ten-year average: Munich Re

July 31 2024

Japan's Noto Peninsula earthquake was costliest nat cat globally, while a landslide in PNG resulted in the largest loss of life.

Hong Kong Insurance Authority to introduce fees for intermediary licence applications

July 31 2024

Application fees set to begin following the end of an initial five-year waiver period.

Suncorp transitions to dedicated trans-tasman insurer following completion of bank sale

July 31 2024

The AU$4.9bn (US$3.2bn) sale to ANZ means the group can deliver greater value to its customers and shareholders, said Group CEO Steven Johnston.

Sean Solis relocates to Singapore for new role as Lockton Asia's CFO

July 31 2024

Solis moves from London after eight years as Overseas Finance Manager.

Accounting challenge for Japanese insurers from a ‘disorderly’ JGB yield rise

July 31 2024

The use of a mixture of market and book values for Japan’s current accounting and solvency regulatory regimes could put short terms strain on insurers’ balance sheets.

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Guy Carpenter estimates US$35bn-US$40bn rise in global property cat limit purchases for H1

July 31 2024

Rising exposures, inflation, and recovering reinsurance profitability drives 5% to 10% increase in property cat capacity purchased.

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