Editor's choice – (Re)in Asia

Editor’s choice

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.

How reinsurance pools could help shape Asia Pacific's renewable energy future

July 23 2024

The renewable energy shift creates a complex risk landscape for APAC insurers. This whitepaper examines the potential for reinsurance pools to reduce risks linked to the region's transition.

japans-major-non-life-insurers-identify-65000-fraudulent-claims-made-by-bigmotor-report

Japan's major non-life insurers identify 65,000 fraudulent Bigmotor claims - report

July 23 2024

Four major non-life insurers review claims spanning eight years, reportedly finding 30% of 236,000 claims to be fraudulent.

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.

APAC property insurance GWP to exceed US$150bn in 2028: GlobalData

July 22 2024

The projected 10.8% compound annual growth rate for the region is expected to outpace the 8.1% CAGR projected for the global market.

crowdstrike-update-triggers-complicated-insurance-catastrophe

CrowdStrike update triggers global tech outage

July 22 2024

Web of claims will ignite discussions around exclusions, while "silent risks" could see exposure accumulate in less obvious lines of business.

Houthi rebels attack Singapore-flagged LOBIVIA in Gulf of Aden

July 22 2024

Vessel and crew are safe, but ongoing Houthi assaults are disrupting the maritime industry and keeping war risk insurance rates high.

Aussie insurance delegation heads to Washington and California to explore nat cat solutions

July 21 2024

Senior insurance executives and officials to visit the US and discuss solutions for natural catastrophe risks and protection gaps.

'Shadow fleet' vessel collides with Singapore-flagged tanker, Hafnia Nile

July 20 2024

Collision will again spark discussion about insurance implications of the growing shadow fleet.

insurers-facing-claims-surge-after-crowdstrike-software-update-causes-global-tech-outage

Insurers brace for surge of claims after antivirus update causes "largest IT outage in history"

July 19 2024

Economic losses could run into the tens of billions, with claims set to trigger across multiple lines of business, notably BI, cyber, and travel.

indonesia-looks-set-to-mandate-third-party-liability-motor-insurance-from-january-2025

Indonesia set to mandate third-party liability motor insurance from January 2025

July 19 2024

Move has been much anticipated by the insurance industry, but presents greater risks alongside the increased opportunities.

Swiss Re: Nat Cat losses set to double over the next 10 years

July 19 2024

Geopolitical risk is also on the rise with the reinsurer warning that SRCC events are also more likely over the next 12 months.

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