Commercial property

Insured flood losses mount in Nepal, but economic damage could run into billions

Nepal's insured flood losses mount, but protection gap leaves billions in damage uncovered

September 2 2026

Insurers have so far counted US$170m in preliminary claims, but the country may need up to US$5bn, or around 10% of GDP, to rebuild after the disaster.

Singapore GI reinsurance premiums top S$10bn in 2025

September 1 2026

Offshore business drove the 3.7% premium increase, but net claims incurred rose 11.8% and underwriting profit fell to its lowest level since 2021.

Australia GI premiums rise 3.6% in Q2 as direct insurance weakens, reinsurance improves

Australia GI premiums rise 3.6% in Q2 as direct results slide, reinsurance claims plunge

August 31 2026

Direct insurers recorded higher claims led by householders, fire and ISR, while reinsurance claims fell nearly 80% as results improved year-on-year.

ICA reports almost A$600m in Victorian bushfire claims

August 31 2026

Insurers have now received more than 4,860 claims, slightly up from more than 4,700 reported earlier this year.

McLarens appoints Andy Donnelly as executive loss adjuster in Australia

August 28 2026

The new hire adds more than 25 years of commercial property claims experience as the loss adjuster strengthens its operations.

City skyline with colorful translucent line and area charts overlay, symbolizing urban data analytics.

Fitch affirms Guoren P&C at ‘BBB+’ on improved H1 underwriting despite net loss; withdraws coverage

August 17 2026

The ratings reflect earnings pressure from weak investment performance, which drove a US$11.8m net loss.

Dave Wong, property underwriter for Hong Kong, Macau, and Taiwan at Sompo, in front of Hong Kong's城市.

Sompo names Dave Wong property underwriter for Hong Kong, Macau, and Taiwan

August 11 2026

He brings a decade of GI experience to the role.

Sydney skyline with modern skyscrapers in Australia, reflecting a vibrant financial hub.

Asia's commercial insurance market remains soft as AI sharpens underwriting — Aon

August 10 2026

Property, cyber and D&O buyers benefited from softer pricing in Q2, while underwriters applied greater scrutiny to casualty, auto and catastrophe-prone risks.

Tilted modern office building leaning over a street, with orange cones and scattered debris.

Munich Re Specialty launches parametric earthquake cover for Japan corporates via Lloyd’s platform

July 28 2026

The trigger-based product uses data from Kik-net and K-NET seismic monitoring networks.

pacific-posts-third-straight-quarter-of-double-digit-commercial-insurance-rate-declines

Asia commercial insurance rates fall 5% in Q2 as global market softens for eighth straight quarter

July 23 2026

Marsh said excess capacity, lower reinsurance costs and increased competition continued to drive rate declines.

sompo-holdings-to-restructure-into-two-global-segments

Sompo to acquire Brazil's Fator Seguradora to boost global specialty business

July 22 2026

The deal hands the Japanese insurer a Brazilian underwriter with strength in property, surety and financial Lines.

Two firefighters in full turnout gear with red helmets and breathing apparatus walk near a fire engine.

Fire at South Korea's Coupang logistics hub raises liability questions — Report

July 22 2026

A reported KRW380bn (approx. US$257m) property policy covering Coupang's Incheon logistics centre is under scrutiny as investigators work to determine liability for the fire.

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