Heavy monsoon rains since June have triggered catastrophic flooding and landslides across India and Pakistan, leaving more than 1,000 dead and hundreds of thousands displaced.
The approaching storm has already forced evacuations across northern Philippines and could trigger Hong Kong's longest airport closure in recent history.
He will be stepping down on May 2026, having overseen the regulator’s biggest restructure in 15 years, a doubling of investigations, and a 20% rise in civil proceedings.
Violent demonstrations in Kathmandu caused extensive damage to businesses and institutions, with reinsurance, primarily through Nepal Re, expected to cover the majority of industry losses.
Although North America and Europe dominate the cyber insurance market, Swiss Re noted that there is significant potential for future growth in the Asia Pacific Region.
