Asia Pacific
International re/insurers are looking to Asia Pacific markets for growth opportunities
Insurance M&A slows down amid volatility
Insurance M&A deal value tumbles 40% amid decline in mega-transactions, according to EY analysis
European Commission approves Zurich-Beazley deal
EU says £8.2bn transaction ‘would not raise competition concerns’
Singapore proposes protected cell companies law
Protected cell companies would initially be limited to captives, insurance-linked securities and sovereign risk pools
Australia to ease access to alternative reinsurance markets
Reinsurance cover will no longer need reinstatement provision to count towards capital adequacy
Australian and New Zealand buyers increase vertical limits at July 1
Loss-free property treaty programmes renewed with rate reductions of 10% to 15%, Howden Re reported
Markel appoints Ang head of terrorism in Singapore
Ang will be responsible for developing Markel’s political violence and terrorism portfolio in the Asia-Pacific region
BMS launches technology centre in Mumbai
New platform will give the group access to talent, skills and AI expertise in India
QBE appoints O’Brien head of P&I for Asia
O’Brien will be responsible for the performance and development of QBE-owned British Marine’s P&I portfolio across Asia
Philippine domestic insurers will take quake losses
Mindanao tremor could cause tens of millions in losses, AM Best says
Philippines quake ‘may prompt reinsurers to adjust risk appetite’
June 8 quake struck near southern Mindanao, killing close to 40
IGI approved for India GIFT City branch
New branch office will write facultative and specialty treaty reinsurance
How AI is transforming W&I underwriting
Artificial intelligence is a natural fit for text-heavy, multi-variable and analytically complex underwriting, like warranty and indemnity
Perils lowers loss estimate for Australia’s November storms to A$2.94bn
Latest figure, which covers property and motor hull lines of business, is slightly lower than loss aggregator’s second estimate
Asia cyber opportunity growing
High-profile incidents have started to shift perceptions and drive demand for cover, new report finds
India’s maritime insurance pool won’t replace IG P&Is but will aid in uncertainty
Counterparties may need time to accept the new pool launched by New Delhi. Reliance on traditional P&I clubs will remain, with the pool seen by industry experts as complementary
Tokio Marine Holdings reports record profit
Japanese insurance conglomerate expects to ‘redeploy’ over JPY10bn into M&A over the next 12 to 18 months
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