Topics

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.

MAPFRE RE strengthens China presence with approval of onshore branch

July 5 2024

MAPFRE RE gains regulatory approval for Beijing branch, as reinsurer looks to strengthen its presence and diversify its portfolio in the country.

Korean insurers urged to explore data exchange opportunities

July 5 2024

Korea Insurance Research Institute advises insurers to leverage data exchange and AI to overcome growth stagnation.

Japan FTC to issue cease-and-desists to non-life insurers for premium collusion - report

July 5 2024

Fair Trade Commission found four major insurers engaged in unfair trade practices, but has decided not to impose fines.

rushabh-gandhi-appointed-md-amp-ceo-of-indiafirst-life-insurance

Rushabh Gandhi promoted to MD & CEO of IndiaFirst Life

July 5 2024

Gandhi had been serving as Deputy CEO and succeeds Vishakha R.M., who retired on 30 June.

asx-listed-sequoia-financial-group-sells-insurance-broking-businesses-to-wib-corporate

ASX-listed Sequoia Financial Group sells general insurance broking businesses to WIB Corporate

July 4 2024

WIB Corporate, owned by former Steadfast director Cameron Bott, acquires two brokerages in a deal valued at up to AU$5m (US$3.35m).

howden-announces-entry-into-japan-with-launch-of-howden-re-investment-in-keystone-ils-capital

Howden enters Japan with launch of Howden Re, investment in Keystone ILS Capital

July 3 2024

Kentaro Tada has been appointed as country CEO and commented, "This is the first step on a journey to establish Howden’s long-term presence in Japan."

Newline Asia appoints Simon Moi as Chief Underwriting Officer

July 3 2024

Moi joins Newline after 14 years with Markel.

Underwriters need to adapt to new technology and customer experiences, say industry experts

July 3 2024

At the Digital Insurance APAC conference, practitioners stress the need to adopt AI and data models while addressing potential risks.

beazleys-head-of-apac-lucien-mounier-promoted-to-head-of-europe-cyber-risks

Beazley's Head of APAC, Lucien Mounier, promoted to Head of Europe for Cyber Risks

July 3 2024

Mounier promoted with immediate affect after six years leading APAC at the specialty insurer.

Lockton launches global space practice

July 3 2024

Lockton launches global space practice, also covering Asia Pacific, which offers traditional and 'new space' programme insurance.

japan-sees-two-of-four-global-nat-cat-events-over-us1bn-in-h1-2024-cresta

Japan hit with two billion-dollar cat events in first half of 2024: CRESTA

July 2 2024

Japan accounts for two of four events that exceeded US$1bn in insurance losses in CRESTA's international (non-US) loss data.

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