Asia Pacific

Lockton names Chris Brown as CEO of Lockton International

August 3 2024

In his new role, London-based Brown will oversee international operations across Europe, APAC, Latin America, and MENA.

China Life overtakes Ping An as largest Asia-Pacific insurer by market cap

August 1 2024

Japanese insurers saw significant market cap growth despite regulatory scrutiny and scandals over the last 12 months.

h1-2024-nat-cat-losses-exceed-five-ten-and-thirty-year-averages-munich-re

US$67bn in H1 nat cat losses significantly higher than ten-year average: Munich Re

July 31 2024

Japan's Noto Peninsula earthquake was costliest nat cat globally, while a landslide in PNG resulted in the largest loss of life.

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.

beazley-names-jessica-schappell-as-head-of-asia-pacific

Beazley names Jessica Schappell as next Head of Asia Pacific

July 29 2024

Schappell has been with Beazley since 2007 and succeeds Lucien Mounier, who was appointed as Head of Cyber Risks, Europe earlier in July.

Aon: CrowdStrike outage shines spotlight on insurers' cyber policy wording

July 24 2024

There is a wide variation in how cyber insurers deal with non-malicious outages like CrowdStrike and as a result making loss estimates for the software failure is difficult.

fitch-pegs-crowdstrike-insurance-losses-in-mid-to-high-single-digit-billions

Fitch pegs CrowdStrike insurance losses in mid-to-high single-digit billion dollar range

July 23 2024

Incident unlikely to have a significant impact on global (re)insurers' results and claims should fall within primary carriers' retentions, says Fitch.

gallagher-re-promotes-tai-hui-yen-to-director-of-sea-korea-amp-taiwan-with-arshwin-shanmuganathan-as-deputy

Gallagher Re promotes Tai to Regional Director of SEA, Korea & Taiwan, with Shanmuganathan named Deputy

July 23 2024

With Mark O'Brien named Head of APAC, Tai Hui Yen (left) and Arshwin Shanmuganathan (right) step up to fill regional gap.

gallagher-re-morley-elevated-to-deputy-chairman-as-mark-obrien-steps-up-as-md-for-asia-pacific

Gallagher Re's Mark Morley elevated to Chairman as Mark O'Brien steps up as Head of APAC

July 22 2024

Mark Morley (left) will become Deputy Chairman of Gallagher Re International and Chairman of Asia Pacific, while Mark O'Brien (right) will take up the mantle as MD for the region.

qbe-launches-global-cyber-insurance-product-qcyberprotect

QBE introduces global cyber insurance product, QCyberProtect

July 17 2024

New policy addresses a range of cyber risks and is available in ten countries including Australia, Hong Kong, Malaysia, Singapore, and Vietnam.

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