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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

Asia Pacific Reinsurance

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

Australia Property

Markel to buy fixed-premium provider MECO

Acquisition strengthens specialty insurer’s footprint in marine

Distribution 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 

Singapore Specialty

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

Asia Pacific Myanmar

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

Asia Pacific Reinsurance

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

Japan Mergers and Acquisitions

Australian official says insurance costs are growing problem

Apra’s Magill urges more transparency on prices and conditions

Australia Property

China-Taiwan conflict fears could spark war risk insurer exodus

Even current ‘phoney war’ may have unintended consequences including marine casualties, conference hears

China Taiwan

Allianz working on new India joint venture: report

German firm has reached ‘preliminary agreement’ with Ambani-backed company

India Mergers and Acquisitions

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 Legal focus

India regulator licenses private reinsurer Valueattics

Fairfax-backed reinsurer to challenge state-owned GIC Re’s de facto monopoly

India Reinsurance

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

India Allianz

Cyclone Alfred declared ‘catastrophe’

Weakened former cyclone struck Queensland on March 8 and has generated more than 9,000 claims

Australia Property

AI adoption could save P&C insurers more than $480bn a year

Digitalised firms increasingly outperforming less technologically advanced rivals, Acord study finds

Asia Pacific Europe

Australia could face more than $1.2bn in Cyclone Alfred losses

Cyclone Alfred expected to hit southern Queensland this weekend

Australia Property
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