Sompo International taps Pei Ru Chiew to spearhead its Crisis Management and Commercial P&C Insurance in APAC, leveraging her deep expertise to meet the escalating demands for political violence and terrorism insurance coverage in the region.
A model created by Lloyd's predicts that a food supply shock event could result in between US$3 trillion to US$18 trillion in global economic losses, with Greater China and APAC most vulnerable.
The experienced Allard joins from Renaissance Re where he was Vice President of Underwriting.
HDI recently expanded its Asia offering to include Political Risk and Credit and Graham Silton—MD for Singapore—says the group has plans for further regional expansion in 2024.
Increased political tensions and economic instability are fueling demand for PRI.
Underwriters at Lloyd's are hiking rates and reducing coverage, posing potential disruptions to Taiwan’s vital semiconductor chip industry.
Guardino joins from Markel and will strengthen HDI Global's product offering in the region.