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Doksuri second costliest nat cat in 2023 as Munich Re stresses importance of closing Asia's protection gap

January 9 2024

"Storms like Doksuri are likely to become more frequent" says Munich Re's Achim Kassow as reinsurer publishes 2023 NatCat report.

GHG emissions disclosures of 'limited use' in near term says Moody's

January 9 2024

Regional and global GHG emissions disclosure standards are currently not harmonised making comparisons difficult.

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Verisk: industry property losses from Noto Earthquake may hit US$3.3bn

January 9 2024

Verisk's initial data analysis predicts losses between US$1.8bn and US$3.3bn, which does not account for non-property or indirect losses.

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Howden expands Australian equine operations with second acquisition in two months

January 9 2024

Howden advances global equestrian broker ambitions with Silks insurance buy.

1/1 renewals: Risk challenges remain despite much smoother treaty negotiations

January 9 2024

A lower-than-average loss environment, a reduced inflationary environment. and diversification all helped keep rate rises in check.

PolicyStreet gains approval for Malaysian Takaful operations

January 8 2024

With LFSA approval, the insurtech expands into Takaful market to meet rising demand in Syariah-compliant insurance products.

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OneDegree promotes Michelle Ip to CEO of technology arm

January 8 2024

Ip named as CEO of OneDegree Global, while Robin Scott appointed as GM of OneDegree Middle East.

AM Best Affirms ratings for Hong Kong's Hong Leong Insurance amid commercial lines expansion

January 8 2024

AM Best affirms Hong Leong Insurance (Asia) Limited's A- ratings, reflecting strong performance and strategic business initiatives.

MGA Ai Marine Risk launches with B.P. Marsh backing

January 8 2024

Founded by marine insurance experts Tom Fulford-Smith and Charles D'Alton, the MGA aims to build a global portfolio with a focus on the UK, Europe, APAC, and the Middle East.

Japan New Year earthquake insured losses estimated at US$6.4bn

January 5 2024

Despite losses, Moody's Japan and AM Best say credit impact on Japanese insurers will be manageable.

IAG ups reinsurance placement for 2024

January 5 2024

"Global reinsurance markets have stabilised during 2023, allowing IAG to purchase greater reinsurance protection" says IAG CFO, William McDonnell

Acquisition of Singapore Life set to boost Sumitomo Life's credit profile: Fitch

January 5 2024

The US$3bn acquisition should see strengthening of the Japanese insurer's financial leverage and diversification.

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