China captured the largest share of global cargo premiums and the second-largest in hull, lifting Asia-Pacific’s combined marine premiums to nearly one-third of the global total.
Despite increased competition and falling rates, (re)insurers are focused on bespoke solutions and product innovations that can help reduce region's growing cyber protection gap.
The reinsurer's 2024 return-on-equity of 14.2% and combined ratio of 92.8% underscored its ability to maintain profitability despite higher catastrophe losses and reduced Lloyd’s participation.
