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Asia Pacific

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

 

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

Property Losses

Asia cyber opportunity growing

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

Asia Pacific Cyber

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

Strait of Hormuz crisis India

Tokio Marine Holdings reports record profit

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

Japan Tokio Marine Holdings

How 100% FDI is rewriting India’s insurance playbook

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

Regulation Legal focus

Peak Re full-year profits rise as GWP surges

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

Reinsurance Asia Pacific

Willis Re appoints Jones to lead Asia operations

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

Asia Pacific Broker

Perils holds Australia’s October storm estimate steady at A$1.5bn

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

Australia Property

The growing threat of deepfakes to perpetuate frauds in Asia

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

Legal focus Specialty

Perils increases Australia bushfires loss estimate to A$810m

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

Australia Losses

Reinsurance demand up 10% at April 1: Aon

Reinsurance capital reaches record level of $785bn

Reinsurance Renewals

Reinsurance pricing continues to soften at April 1

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

International Japan

Hong Kong capital reforms ‘credit positive’

Hong Kong proposes easing of capital rules for natural catastrophe writers and branches of foreign reinsurers

Property Reinsurance

Niyam secures Lloyd’s approval for Syndicate 2047

Syndicate will begin underwriting on 1 April to support India’s insurance market

Lloyds Reinsurance

Tokio Marine inks strategic partnership with Berkshire Hathaway

Berkshire Hathaway subsidiary National Indemnity Company to acquire 2.5% equity stake in the Japanese giant and provide whole account quota share reinsurance

Reinsurance Berkshire Hathaway

Riverstone establishes Australia operation with acquisition

Legacy carrier inks A$400m transaction with Zurich

Legacy Australia
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