Phoenix Mills becomes the first Indian company to secure parametric trigger-based insurance to protect against pandemic- or epidemic-related business interruption losses.
The Indian reinsurer’s return on equity rose to 9.2% in FY 2025 on stronger investment income, but elevated COR kept underwriting performance in the red.
Cyclone pool ends year with a A$1.21bn operating deficit, but Australian Reinsurance Pool Corporation said it remains cash-flow positive and able to meet all expected claims.
Appointments of Darren Toh, Yosuke Yasuda, and Amirul (PJ) Ashraf form part of specialty (re)insurer’s efforts to expand its underwriting capacity and deepen expertise in the region.
