Mindanao tremor could cause tens of millions in losses, AM Best says

June 8 quake struck near southern Mindanao, killing close to 40

New branch office will write facultative and specialty treaty reinsurance

Artificial intelligence is a natural fit for text-heavy, multi-variable and analytically complex underwriting, like warranty and indemnity

Latest figure, which covers property and motor hull lines of business, is slightly lower than loss aggregator’s second estimate

High-profile incidents have started to shift perceptions and drive demand for cover, new report finds

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

Japanese insurance conglomerate expects to ‘redeploy’ over JPY10bn into M&A over the next 12 to 18 months

Increase in foreign direct investment cap will encourage foreign capital and expertise into India and drive increased competition and product innovation

Hong Kong-based reinsurer’s gross written premiums increase by 25% to $2.2bn in 2025 as global expansion continues

Jones will be responsible for leading the buildout of Willis Re’s business in Singapore 

The figure, which covers property and motor hull lines of business, is in line with the loss aggregator’s earlier estimate

The evolving threat brings heightened exposure across multiple classes, along with opportunities to develop innovative cyber‑resilient frameworks and coverage models

Bushfires affected the state of Victoria in south-eastern Australia from January 7 to 13

Reinsurance capital reaches record level of $785bn

Pricing on Japanese cat XL programmes falls by up to 20%, as Middle East conflict had little impact on renewals, Howden Re reports