Asia
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May 1, 2024
IMF happy that Asia-Pacific risks are ‘broadly balanced’
The International Monetary Fund (IMF) has said that the economic and financial risks faced by the Asia-Pacific region are “broadly…
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May 1, 2024
Lloyd’s syndicate to focus on Australia and New Zealand
A new syndicate at Lloyd’s focused primarily on Australia and New Zealand and writing accident and health, aviation, casualty, construction,…
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May 1, 2024
Hong Kong crackdown ‘clouds’ business environment: Credendo
Credit ratings agency Credendo has said that tougher security rules in Hong Kong after an update to Article 23 of…
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April 30, 2024
Asian and IMEA risk managers enjoy rate reductions in Q1
Asian risk and insurance managers will be pleased to hear that insurance rates in Asia fell by 2% in the…
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April 30, 2024
New title insurance covers from DUAL Australia
DUAL Australia has launched a new business line focusing on commercial real estate transactions and M&A deals. The new line…
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April 30, 2024
Insured cat losses above average in Q1 but down 43% on last year: Aon
Insured losses caused by natural catastrophes reached at least $17bn for the first quarter of 2024 and were slightly above…
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April 26, 2024
Warmer climate spreading risk of malaria and dengue to new regions
New research from health resilience experts warns that mosquito-borne diseases, including malaria and dengue, are spreading to new regions as…
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April 26, 2024
UN launches new net-zero insurance forum to replace NZIA
The United Nations Environment Programme (UNEP) has disbanded the Net-Zero Insurance Alliance (NZIA) and replaced it with the Forum for…
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April 25, 2024
Climate change could spread malaria risk to new countries, warns International SOS
Climate change could see malaria cases in countries previously free of the disease, bringing new health risks for workers travelling…
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April 25, 2024
London market to remain closed for construction SPPI cover
The London insurance market is unlikely to start offering single project professional indemnity (SPPI) cover for construction firms again anytime…
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April 24, 2024
Rates fall in most regions during Q1 but rise in Europe and US: Marsh
Average commercial insurance rates fell in the UK, Asia, Canada and the Pacific during the first quarter of this year…
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April 23, 2024
Action needed to bridge $800bn Asian climate finance gap
Asian governments, regulators and businesses need to sustain collective commitment and action, strengthen climate disclosures and support the de-risking and…
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April 23, 2024
Parima heads to Manila for first of three conferences this year
The Pan-Asia Risk and Insurance Management Association (Parima) will hold the first of a series of conferences this year in…
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April 23, 2024
Transactional risk market set to rebalance on back of M&A activity, says Chubb
Chubb’s new international transactional risk platform will initially focus on EMEA risks but will look to expand further in a…
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April 22, 2024
New chief underwriting officer for Markel’s Indian operations
Priyanka Gautama has been appointed as chief underwriting officer for Markel’s Indian operations, subject to regulatory approval. Operating from Markel’s…
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April 19, 2024
Markel launches professional indemnity solution in Australia
Markel has launched professional indemnity solutions in Australia with localised wordings. The new products are designed primarily for Australian-domiciled businesses,…
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April 18, 2024
Munich Re reorganises P&C underwriting in Asia Pacific, Middle East & Africa
Munich Re has reorganised its local P&C underwriting in Asia Pacific, Middle East and Africa (APAC MEA) with stronger local…
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April 18, 2024
Climate change to cause ‘massive economic damage’
Climate change will cost the global economy $38trn every year by 2049 and cause “massive economic damage” some six times…
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April 18, 2024
Asia-Pacific focus in Liberty Mutual’s strategic shift
Liberty Mutual Insurance has announced strategic changes in its Global Risk Solutions (GRS) business, the company’s global commercial and specialty…
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April 18, 2024
India insurers free to change wording in corporate policies
The Insurance Regulatory and Development Authority of India (IRDAI) is to allow general insurers to change the wordings in all…