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

Peak Re adds second Black Kite catastrophe bond
Latest bond secures $50m reinsurance protection for earthquake and typhoon risks in Japan and introduces parametric earthquake cover for China and India

Cyclone Alfred insured losses pegged at A$2.6bn: Perils
Cyclone Alfred left over 300,000 homes and businesses without power and caused severe damage to the beaches on the Gold Coast and Sunshine Coast

Markel to buy fixed-premium provider MECO
Acquisition strengthens specialty insurer’s footprint in marine

Armed robbery incidents surge in Singapore Strait
While most of these incidents are classified as ‘low-level crimes’, security experts have warned attacks have potentially serious consequences for seafarers

South-east Asia quake could lead reinsurers to review risk models
M7.7 quake could lead to re-evaluation of earthquake risk in Thailand and lead to increased demand for cover

Rates fall at April 1 renewals amid increased competition
Pricing on loss-free Japanese programmes fell as much as 15%, ending an extended period of hardening, brokers report

MS&AD to merge insurance subsidiaries following governance failings
Japanese giant to combine Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance and implement governance changes after data leak scandal

Australian official says insurance costs are growing problem
Apra’s Magill urges more transparency on prices and conditions

China-Taiwan conflict fears could spark war risk insurer exodus
Even current ‘phoney war’ may have unintended consequences including marine casualties, conference hears

Allianz working on new India joint venture: report
German firm has reached ‘preliminary agreement’ with Ambani-backed company

Opportunities for foreign investment in India’s insurance market open up
Allowing 100% foreign direct investment will have far-reaching implications for India’s insurance sector and will encourage significant capital inflows

India regulator licenses private reinsurer Valueattics
Fairfax-backed reinsurer to challenge state-owned GIC Re’s de facto monopoly

Allianz exits Indian joint ventures for €2.6bn
German insurance giant to sell 26% stakes in life and non-life joint ventures with Bajaj Group

Cyclone Alfred declared ‘catastrophe’
Weakened former cyclone struck Queensland on March 8 and has generated more than 9,000 claims

AI adoption could save P&C insurers more than $480bn a year
Digitalised firms increasingly outperforming less technologically advanced rivals, Acord study finds

Australia could face more than $1.2bn in Cyclone Alfred losses
Cyclone Alfred expected to hit southern Queensland this weekend
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