Non-life

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Anthony Dagostino joins AXA XL in newly created Global Chief Cyber Underwriting Role

September 15 2023

Dagostino, founder of cyber insurance firm Converge, steps into the newly created role to spearhead the company's cyber growth.

A pile of debris in the yard of a house.

ICNZ: Over NZ$2bn paid in Auckland floods and Cyclone Gabrielle claim settlements so far

September 15 2023

New Zealand insurers have settled 64% of claims volume, amounting to NZ$2.05bn (US$1.19bn) of the —newly revised — NZ$3.5bn (US$2.07bn) in claims.

An image of a city with a view of the ocean.

Monte Carlo RVS 2023 reflections: Further repricing on the way as cost of capital continues to bite

September 15 2023

Hardening rates, cost of capital, the protection gap, climate change, cyber, and AI all featured prominently during Les Rendez-Vous de Septembre 2023.

A red arrow pointing to australia on a map.

Markel expands APAC footprint with 3 new Australian offices; appoints AXA XL's Morison as Country Managing Director

September 14 2023

Markel is opening offices in Sydney, Melbourne and Brisbane and has hired industry veteran Rory Morison to head up the country's operations.

Asia Pac reinsurers' new written premiums continue to rise

September 14 2023

Despite a spike in nat cat losses and financial market volatility, APAC reinsurers saw a 8.1% increase in new written P&C premiums in 2022 and are expected to have further growth.

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Fitch maintains Malaysia's P&O financial strength rating despite combined ratio of 133% in FY23

September 13 2023

Fitch Ratings has reaffirmed Pacific & Orient Insurance's IFS rating, citing the firm's strong capitalisation and prudent investment approach, despite stressed profitability and fierce competition...

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Seoul Guarantee Insurance set to go public on November 3rd

September 13 2023

The state-run Korean surety bond and credit insurance provider is set to go public with shares around US$35 each, potentially reaching a market cap of US$2.72bn.

A flooded area near a building with colorful lanterns.

Losses from rainstorm in Hong Kong to rival record from Typhoon Mangkhut

September 13 2023

AM Best estimates the flooding in Hong Kong and the Pearl River Delta, caused by 1-in-500 year downpours, will result in losses similar to those caused by Typhoon Mangkhut — which could be billions of...

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Moody's RMS establishes cyber steering group; announces significant investment in cyber analytics

September 13 2023

The group includes Munich Re, Gallagher Re and Bitsight and will aim to tackle constraints hindering growth of the cyber insurance market.

A mechanic is working on a car's engine.

Japanese car dealer Nextage Co.'s President resigns amidst fraudulent insurance scandals

September 13 2023

Koji Hamawaki steps down after scandals involving fraudulent auto insurance contracts as questions grow about the role Hamawaki's previous employer, embattled Bigmotor Co., played in Nextage's business...

Aon hires Citibank's Plein as new APAC COO

September 13 2023

Aon appoints Jeff Plein as its new Chief Operating Officer for Asia-Pacific, to help drive growth and enhance the client experience in the region.

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FM Global pledges US$350m credit to help clients invest in climate resilience solutions

September 13 2023

FM Global continues its climate resilience commitment, offering a US$350m resilience credit to clients for investments in climate risk mitigation, as part of policy renewals.

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