APAC
Global insured NatCat losses hit $60b in H1 2024
Global insured NatCat losses hit $60b in H1 2024
The US alone experienced 12 severe storms in H1.
Howden Re boosts cyber reinsurance with new appointment
The company forecasts the cyber insurance market to reach $40b by 2030.
Miller expands Asian team, appoints Edward Cheak
He brings over a decade of experience.
Top APAC insurers see market cap growth of Q2 2024
China Life Insurance led with a 9% growth during the period.
Swiss Re reels Alan Wilson as board of directors
He was MSIG Asia's CEO for 14 years.
AXA sells investment arm to BNP Paribas for $6b
The sale is expected to drag AXA’s earnings by $440m.
Markel Asia grows with key underwriting appointments
Alvernia Xu has been appointed head of Operations in APAC.
Typhoon Gaemi causes multi-million dollar losses in Asia
Economic losses range from $220m to $245m.
Asia Pacific composite insurers exceed profitability standards
Their Fitch-calculated financial leverage ratios stay adequate with their ratings.
Aviation insurance to soar at a 20-year high in 2024
Collision and crash incidents account for 63% of claims in aviation insurance sector.
Insurtech funding in Q2 2024 highest in five quarters
Global funding bagged $1.27b.
Only a fifth of Asia, Africa’s natural disaster losses insured in H1 2024
Total losses from natural disasters amounted to $40b.
AIG's Q2 2024 net premium written falls 8%
It accumulated $6.9b during the April to June period.
Insurance industry at risk from renewed supply shocks
It potentially puts pressure on underwriting performance.
Swiss Re appoints new Group CFO
This succession comes after the retirement of John Dacey.
Skills shortage found in insurance’s renewable energy market
Overall profitability challenged due to variable results within different energy classes
Property catastrophe market finds balance in H1 2024
Guy Carpenter estimated an additional $35b to $40b in limit purchases worldwide.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness