Non-life

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Monetary Authority of Singapore cancels registration of Acesynergy Brokers

July 25 2024

MAS said it revoked registration after broker failed to meet regulatory standards.

parametrix-forecasts-crowdstrike-fortune-500-related-insurance-losses-to-fall-between-us540m-and-us1-08bn

Parametrix estimates CrowdStrike Fortune 500-related insurance losses at US$540m-US$1.08bn

July 24 2024

Analysis estimates US$5.4bn in direct losses for Fortune 500 excluding Microsoft, with no more than 10 to 20% likely covered by cyber policies.

financial-line-rates-in-asia-fall-9-in-q2-2024-marsh-reports

Asia's financial lines rates drop 9% in Q2, commercial rates decline 3% overall

July 24 2024

New data from Marsh shows a second quarter of falling commercial composite rates, with global rates stalling for the first time since Q3 2017.

Swiss Re integrates advanced global and Japan Fathom flood maps into CatNet

July 24 2024

Following its acquisition of flood modeler Fathom, Swiss Re has expanded availability of advanced maps in its risk assessment platform.

q2-2024-sees-12-drop-in-pacific-financial-lines-rates-marsh

Pacific financial lines rates drop 12% in Q2 2024: Marsh

July 24 2024

Financial lines fell for the fifth consecutive quarter, with commercial property rates declining for the first time since Q4 2016.

Swiss Re CorSo appoints Kevin Bates as Country Head of Australia & New Zealand

July 24 2024

Bates set to lead the ANZ Corporate Solutions team from November 2024.

fsa-directs-major-japanese-insurers-to-report-on-data-breaches-by-on-loan-employees

FSA orders major Japanese insurers to report on data breaches involving seconded employees

July 24 2024

Japan's non-life insurers again facing scrutiny after employees on loan to agencies share policyholder information with their primary employers.

Stuart Routledge joins HDI Global as NSW Marine Underwriting Manager

July 24 2024

Routledge has over twenty years industry experience and moves to HDI from RedSky Insurance.

Allianz will need to justify purchase price of Income Insurance: Analysts

July 24 2024

Deal aligns with German insurer's strategy and will increase Asia revenue by 53%, but analysts say purchase price seems steep.

Aon: CrowdStrike outage shines spotlight on insurers' cyber policy wording

July 24 2024

There is a wide variation in how cyber insurers deal with non-malicious outages like CrowdStrike and as a result making loss estimates for the software failure is difficult.

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