Asia
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Australian insurers to see 6% premium growth on higher rates
Higher risk pricing and claims inflation are expected to lead to a 6% growth in non-life premiums in Australia, according…
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Everest Insurance expands into Asia with Singapore office
Everest Insurance has entered the Asian market with the opening of an office in Singapore. Everest, the insurance division of…
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Slowing rate increases in energy sector, says Gallagher
The global energy market is seeing varying rate increases depending on loss records for upstream risks and relatively low rate…
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Large ports pose accumulation and supply chain risk, warns Russell Group
Large ports have become centres for high value concentration, raising the threat of risk accumulation, according to data and analytics…
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PERILS extends coverage to Japanese wind and flood events
Catastrophe insurance data provider PERILS has extended its market coverage to include exposure and event loss data for the perils…
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James Hands to succeed Greg Collins as Miller CEO
Specialist broker Miller has announced that James Hands will replace Greg Collins as CEO from the beginning of next year.…
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New D&O offering to cannabis, crypto and Web3 risks in Asia-Pacific
Specialist financial lines MGA Frontier Global Underwriting has launched a D&O and professional liability offering to cannabis, crypto and Web3…
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No-code platform secures another $45m to help drive insurance innovation
INSTANDA, a no-code core insurance platform provider, has closed its latest $45m fundraising led by Toscafund, one of Europe’s leading…
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BMS acquires Australian broker SRG
Independent specialist insurance and reinsurance broker BMS has acquired SRG Group, an Australian corporate retail broker with operations in Perth…
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Loss estimate for eastern Australia floods grows to A$4.9bn, says PERILS
The insurance market loss from the eastern Australia floods in February/March this year, is estimated at A$4.9bn, according to catastrophe…
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Coal risks now left to ‘inexperienced’ underwriters as major players exit, says Insure Our Future
Insurance options for new and existing coal risks have reduced to “smaller, inexperienced” insurers, as the withdrawal of mainstream carriers…
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Fitch predicts stable profitability for Japan’s three major non-life insurers
Japan’s three major non-life insurance groups are expected to post stable profitability in the year ending March 2023, as a…
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Marsh working to see good ESG performance reflected in premium costs
Insurers are hungry for ESG data to aid underwriting but without proven correlations between ESG scores and losses, only a…
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New Asia Pac regional manager for Liberty Global Transaction Solutions
Liberty Global Transaction Solutions (Liberty GTS) has appointed Geoffrey Lee as the Liberty GTS regional manager, Asia-Pacific. The firm is…
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Howden urges review of people risk strategies in Australia
There has never been a more challenging or opportune time for organisations to review their people strategies and take a…
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Asia manufacturing hubs vulnerable to supply chain and climate risks
FM Global’s latest resilience index reveals that key manufacturing centres in Asia are exposed to high levels of climate and…
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Bahrain to implement medical insurance scheme for expats
The Supreme Council of Health (SCH) and Aon Bahrain have signed an agreement on the implementation of a health insurance…
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India’s general insurance sector to grow strongly, says GlobalData
The general insurance industry in India is forecast to grow strongly in the next few years, driven by a recovering…
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Hong Kong’s general insurance sector sees underwriting profit double for first quarter
The overall underwriting profit of the general insurance business of the Hong Kong insurance industry doubled for the first quarter…
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Canopius reorganises global underwriting operations
Canopius Group has reorganised its global underwriting operations into four key areas: specialty, short tail, reinsurance and casualty. The (re)insurer…
