Asia Pacific

Asia Pacific

Asia Pacific, Catastrophe, Earthquake, Flood, Losses

Lessons need to be learned says reinsurer

Munich Re’s head of global reinsurance has urged the market to learn the lessons of the past year the most expensive ever in terms of cat losses.

Asia Pacific, Catastrophe, Flood, Lloyd's, Losses, Run Off

Argenta announce closure of managed Asian syndicate

Singapore-based Lloyd’s Syndicate 1965 has become the latest victim of the regions catastrophe strewn year as it announced that it will no longer be accepting new business.

Asia Pacific, Legal, Losses, Marine, Regulation

Liability limit move gets shipping industry backing

The decision to increase the liability limits under the Limitation of Liability for Maritime Claims Convention 1996 (LLMC) has been backed by the association which represents the world’s shipowners.

Asia Pacific, Catastrophe, Claims, Earthquake, Flood, Losses, Windstorm

Record loss year points to low insurance levels warns Swiss Re

Last year was the most expensive in history in terms of economic losses but the level of payments faced by global underwriters had highlighted the need for greater insurance penetration.

Asia Pacific, Catastrophe, Earthquake, Flood, Losses, Windstorm

Record cat loss year says Swiss Re

This year will go down as the most expensive in history for economic losses due to catastrophes according to preliminary estimates from Swiss Re’s sigma team...

Asia Pacific, Broking, Facultative, Risk Management, Treaty

Specialty launch announced by reinsurance broker

Asian reinsurance broking group PWS Labuan, has said it is to expand its broker and consultant team to enhance its services and product offering across the region.

Asia Pacific, Claims, Financial Institutions, Results, Risk Management

Asian trade credit market predicted to bounce back

Markel in Singapore has announced it is seeking to broaden its product offering in Asia, with the latest addition to its suite of products, Trade Credit Cover...

Asia Pacific, Catastrophe, Earthquake, Flood, Losses, Risk Management, Technology, Windstorm

New China crop model launched at SIRC

The industry's first Multiple Peril Crop Insurance Model for China was released today at the 11th Singapore International Reinsurance Conference...

Asia Pacific, Catastrophe, Losses, Risk Management, Technology, Windstorm

Growing populations face impacts of climate change

A new mapping study has revealed some of the world’s fastest growing populations are increasingly at risk from the impacts of climate related natural hazards and sea level rise...

Asia Pacific, Capital Markets, Catastrophe, Claims, Earthquake, Losses

CATCo issues NZ earthquake update

Reinsurance and retrocessional investment fund manager CATCo has released an update on its Reinsurance Opportunities Fund exposures to the events in New Zealand earlier this year.

Asia Pacific, Catastrophe, Claims, Earthquake, Losses

Reinsurers will pick up majority of Australasian cat claims

Delegates at a conference on Australia’s gold coast have been told that reinsurers will pick up around two thirds of the insured costs arising from the natural catastrophes which have hit Australia and New Zealand this year.

Asia Pacific, Lloyd's, Marine

Lloyd’s writes direct first

Lloyd’s has said it has issued its first direct insurance policy in China through its fully owned subsidiary – Lloyd’s Insurance Company (China) Limited.

Asia Pacific, Catastrophe, Risk Management

Natural hazard poses peril to emerging economies

Underwriters have been warned the world’s fastest growing economies face growing natural perils, but lack the resilience to cope if they strike.

Asia Pacific, Catastrophe

Aon sponsors risk atlas

As China escaped serious damage from Typhoon Muifa, reinsurance intermediary Aon Benfield announced it has become the exclusive insurance industry sponsor of the third edition of the Atlas of Natural Disaster Risk in China.

Asia Pacific, Catastrophe, Earthquake, Losses, Ratings

Asia pricing still uncertain as losses yet to erode reinsurance capital

In the run up to the Monte Carlo rendezvous Standard & Poor's Ratings Services said it believes the impact of the series of natural disasters between September 2010 and June 2011 on reinsurers' overall financial profiles are at manageable levels.

Asia Pacific, IUMI, Losses, Marine, Marine, Risk Management

Cargo leader warns on naivety

One of the world’s leading cargo underwriters has said he fears the cargo underwriting community is naive and is in effect being used by property underwriters who are looking to dump poor static cargo risks off their books.

Asia Pacific, Liability, Risk Management, Terrorism

Underwriting terrorism on a national scale

The issue of terrorism has been forced back into the news agenda with the deaths of three of the leaders of the of Jihadist terror organisation al-Qaeda including leader Osama bin laden. Hafidz Baharom examines the issues facing the region’s reinsurance market over the threat of terrorism and the rising exposure levels.

Asia Pacific, Liability, Retakaful

Retakaful leakage has to be ended in non life warns CE

The CEO of Munich Re Retakaful used the World Takaful Conference: Family Takaful Summit to issue a call for the market to address the disparity in growth between non life takaful and the re-takaful to support the expected growth in the next five years.

Asia Pacific, Marine, Marine, Piracy

Northeast could be passage to new trade route says shipping chief

The successful navigation of two German vessels from South Korea to Rotterdam to become the first non Russian vessels to transverse the Northeast Passage from Asia to Europe has been hailed as a major breakthrough for world trade.

Asia Pacific, Captives, Marine, Piracy

Piracy K&R still a significant topic.

Ship owners and underwriters have been warned not to take the recent fall in the pricing for kidnap & ransom for vessels in high risk areas a downwards trends with the expectation that costs will rise as the potential for increased piracy activity increases.

Asia Pacific, Broking, Risk Management

Validus Re on brink of getting Singapore licence

Bermudan reinsurer Validus Re is set to move its current Asian representative office into a fully authorised underwriting branch in Singapore.

Asia Pacific, Energy, Risk Management

Marsh and Munich Re launch product to cover solar flair

A new product guarantee insurance solution tailored for the booming solar panel manufacturing sector in Asia – the first of its kind in the region has been launched by Munich Re and broker Marsh.

Asia Pacific, Regulation, Retakaful

Retakaful move by Swiss Re after licence granted

Swiss Re has furthered its move into the rapidly expanding Islamic insurance and reinsurance market after being granted a licence to underwrite Retakaful business.

Asia Pacific, Regulation, Treaty

Markel launch push for Asian Treaty and Fac business

Markel International says its new push into the Asian reinsurance markets is already paying dividends.

Asia Pacific, Captives, Marine, Piracy

Reinsurers’ marine fears ring true

Reinsurers with marine books have been growing increasingly concerned over the prospects for the year ahead. The fear has not been driven by rising losses but falling business levels amid fears that the global shipping market was in the doldrums and would remain so for some time.

SECTORS

Regions

Most Commented