
Asia Pacific
International re/insurers are looking to Asia Pacific markets for growth opportunities

Ardonagh acquires majority stake in Hong Kong’s Apex
Broker looks to deepen regional footprint and expertise with latest Asia deal

Australia weather losses top $1.8bn in H1
Ex-Tropical Cyclone Alfred accounted for $1.36bn of insured losses in the first half of the year

Gallagher Re hires Aon’s Muñoz to lead global fac
Broker hires industry veteran Pablo Muñoz to drive global facultative growth and strikes deal with Japanese fac partner

BMS acquires Queensland broker
Broking group continues global expansion with acquisition of boutique intermediary Corporate and Commercial Insurance Brokers

Aon reports record M&A insurance claims in North America
Claims payments surpass $300m on North American representation and warranty policies

Price Forbes appoints Sathanart to lead Asia property business
Global insurance broker hires DirectAsia executive to lead growth of property business across the Asia-Pacific region

United Risk buys Australian reinsurance MGA Pinnacle
US firm expands global market presence with acquisition of Sydney-based specialty reinsurance managing general agent

Air India crash expected to harden aviation market
Air India Flight 171 crash likely to cost insurers $200m, most of which will fall on international reinsurers, GlobalData says

Gallagher and WTW joint brokers on Air India insurance cover
Reports suggest New India leads operator’s insurance cover, while AIG said to lead reinsurance programme

Perils lowers Cyclone Alfred loss estimate to A$2.3bn
Reduction in overall losses 'unusual' compared to previous Australian events, loss aggregator says
Reinsurers’ catastrophe PMLs continue to grow: Moody’s
Despite moderating prices reinsurers are ‘generally still eager’ to deploy capacity, particularly for US wind risk

Rokstone taps QBE’s Chandran to lead Apac marine business
Specialty MGA hires marine market veteran to drive Asia expansion

Markel launches financial institutions cover in Australia
Insurer continues to build-out presence in Australian market

Asia-Pacific marine insurance is entering ‘stage of uncertainty’: Sompo’s Ong
Long-term prospects for region remain bright, insurer’s Apac head of marine says

Singapore High Court decision provides case law on Insurance Act wording
Ruling establishes meaning of ‘term defining the risk as a whole’ under section 11 of 2015 legislation

Asian piracy jumps almost 50% in first quarter
Crews should step up security rounds and heighten watchkeeping, piracy watchdog warns
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