Property

SBI General, HSBC India enters bancassurance partnership for non-life products

August 6 2024

Businesses team up to provide health, property, motor, and travel insurance to HSBC's customers.

guy-carpenter-estimates-5-to-10-rise-in-global-property-cat-limit-purchases-in-h1-2024

Guy Carpenter estimates US$35bn-US$40bn rise in global property cat limit purchases for H1

July 31 2024

Rising exposures, inflation, and recovering reinsurance profitability drives 5% to 10% increase in property cat capacity purchased.

aig-strengthens-apac-team-with-trio-of-senior-appointments-from-bhsi

AIG strengthens APAC team with hires of three heads of business from BHSI

July 30 2024

Dimitry Zilberud (left) named Head of Marine, APAC; Niall O'Connell (middle) Head of Inland Marine, Pacific; and Jason Sheehan (right) Head of Commercial Property and Business Pack, Australia.

Typhoon Gaemi wreaks havoc across the Philippines, makes double landfall in Taiwan

July 25 2024

Following an unusual path, Gaemi has caused loss of life, maritime disasters, and widespread damage.

financial-line-rates-in-asia-fall-9-in-q2-2024-marsh-reports

Asia's financial lines rates drop 9% in Q2, commercial rates decline 3% overall

July 24 2024

New data from Marsh shows a second quarter of falling commercial composite rates, with global rates stalling for the first time since Q3 2017.

q2-2024-sees-12-drop-in-pacific-financial-lines-rates-marsh

Pacific financial lines rates drop 12% in Q2 2024: Marsh

July 24 2024

Financial lines fell for the fifth consecutive quarter, with commercial property rates declining for the first time since Q4 2016.

APAC property insurance GWP to exceed US$150bn in 2028: GlobalData

July 22 2024

The projected 10.8% compound annual growth rate for the region is expected to outpace the 8.1% CAGR projected for the global market.

Swiss Re: Nat Cat losses set to double over the next 10 years

July 19 2024

Geopolitical risk is also on the rise with the reinsurer warning that SRCC events are also more likely over the next 12 months.

NSW Government proposes new safety standards for lithium-ion battery products

July 16 2024

Government looking to fast-track safety standards in a bid to curb a notable rise in lithium-ion related fires.

AXA XL expands Australian team with appointments of Kaur and Anthony

July 12 2024

(Re)insurer appoints Sugra Kaur as Senior Underwriter, Casualty and Rhys Anthony as Senior Claims Specialist, Property.

Stability returns to Australian property segment in 1/7 renewals

July 9 2024

Benign catastrophe losses over the previous 12 months meant flat, or even reduced pricing, for Antipodean insurers.

Suncorp's FY25 reinsurance renewal bumps main cat limit, axes QLD quota share

July 5 2024

Cost of program expected to be broadly in line with FY24 renewal.

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