Editor's choice – (Re)in Asia

Editor’s choice

China’s US$140bn infrastructure spending plan a boost for P&C insurers says Swiss Re

January 12 2024

Infrastructure investments totaling CNY 800bn (US$140bn) are anticipated to strengthen China's P&C sector amidst a stabilising property market, says the reinsurer.

veronica-grigg-appointed-sedgwicks-asia-ceo-following-crawford-tenure

Veronica Grigg appointed Sedgwick Asia CEO following Crawford tenure

January 11 2024

Grigg is new CEO, with interim CEO Stephen Kerr taking on new role as COO and Simon Kay being promoted to Director of Executive Services.

2024 Regulatory Roadmap: Hong Kong and Indian insurers prepare for change

January 11 2024

Major regulatory changes will be limited in mature Asia Pac insurance markets in 2024 but carriers need to prepare for rules around the use of AI in their businesses

Generali to acquire full ownership of Chinese JV for US$108m

January 11 2024

Generali set to acquire 51% stake in Generali China Insurance from JV partner CNPC Capital, subject to regulatory approval.

howden-appoints-alfred-sham-as-interim-ceo-for-hong-kong-as-mark-johnson-departs

Howden appoints Alfred Sham as interim CEO for Hong Kong with Mark Johnson set to depart

January 10 2024

Sham has been with the company since 2013 and will step up as Interim CEO, with Johnson set to move to a major Hong Kong insurer in Spring.

2024 Outlook

January 10 2024

Cyber risks and AI will be in focus for (re)insurers in 2024 as the industry looks forward to 12 months of interest rate and regulatory stability.

reinsurance-capital-returning-to-pre-pandemic-levels-after-strong-rebound-in-2023-am-best

Reinsurance capital returning to pre-pandemic levels following strong rebound in 2023: AM Best

January 9 2024

Hard market, avoidance of major property losses, and gains from higher interest rates contribute to 2023 rebound.

munich-re-flags-asias-insurance-gap-as-doksuri-ranks-second-in-2023-nat-cat-losses

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.

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.

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.

India reinsurance premiums shrink but life grows in 2022-23

January 5 2024

Following cuts to obligatory cession rates at GIC Re, reinsurance premiums shrink 12.17% in 2022-23 in India, says IRDAI.

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