Asia Pacific
International re/insurers are looking to Asia Pacific markets for growth opportunities
Perils ups loss estimate for Australia’s November storms
Insured losses hiked to nearly A$3bn for New South Wales and Queensland tempests at the end of November
Australia bushfires losses exceed $500m: Perils
January bushfires in Victoria burned more than 4,000 square kilometres
Sompo completes $3.5bn Aspen acquisition
Mark Cloutier steps into advisory role as Aspen’s Stanford named Sompo UK chief executive
Santam opens reinsurance office in India
South African group’s branch will write marine, property, engineering and other reinsurance contracts
QBE sells trade credit and surety business to Swiss Re
Sale is latest step in Australian giant’s portfolio optimisation strategy
Miller names Divakaram head of treaty for Asia
Sailesh Divakaram joins from Gallagher Re to lead broker’s regional treaty expansion
Hong Kong regulator proposes changes to capital rules
Firms could exclude some foreign reinsurance from calculating capital base
Liberty names Tong Singapore CEO
Jimmy Tong becomes Singapore chief executive of Liberty’s newly unified brand
Perils raises Australia’s October storm loss estimate to A$1.5bn
Loss aggregator warns loss estimate could increase further
Steamship Mutual confirms capital retention strategy in ‘challenging period’
Claims for current policy year higher than expected but in line with wider market, P&I clubs says
Steamship Mutual opens Japan law office
Move will broaden members’ access to English law and claims advice
Sullivan named Asia CEO of Gallagher Specialty
Executive will continue as chief executive of broker’s aerospace practice across Asia-Pacific
Extreme weather cost Australian insurers A$3.5bn in 2025
Insured losses from ex-Tropical Cyclone Alfred surpass $1.5bn
QBE Re names Liu head of Greater China
Reinsurer continues expansion of Asia footprint
India premium growth to outpace China, US and Europe: Swiss Re
Swiss re/insurer forecasts Indian insurance premium annual growth will accelerate to 6.9% in next five years
Australian insurance association declares bushfires ‘catastrophe’
Economic losses from fires likely to reach hundreds of millions of dollars, according to Aon
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