The increase follows growing demand for committed capacity and marks the latest expansion of ACT, with facultative reinsurance emerging as a key area of growth.
COO Grishin sees expansion opportunities in the Philippines, Thailand and Malaysia, but growth will be driven primarily by existing clients in Vietnam and Indonesia.
While the variable fee rate would increase only slightly from 0.0039% to 0.0042%, the maximum annual fee payable by long-term insurers would rise to HK$28m (US$3.6m).
Swiss Re’s P&C reinsurance chief underwriting officer says accumulation at hyperscaler sites will leave lenders’ required limits unplaced, even as interconnected risks reported by firms have risen...
Acting on a Supreme Court directive, IRDAI has standardised motor insurance options for private vehicles through a four-layer cover structure and mandatory customer disclosures.
Evelyn Hoh will lead complex marine claims advocacy while Fen Ngai takes on a newly created operations role focused on scalability and efficiency across Asia.
