APAC
Sompo appoints new risk Chief for APAC
Sompo appoints new risk Chief for APAC
She will report to Emmanuel Brule, CRO of Sompo International Holdings.
Insurers pivot to science-based cleantech risk modeling
This shift aims to address climate risks and capitalise on cleantech opportunities.
IFRS 17 raises financial statement clarity: Fitch
APAC insurers are reconsidering product offerings.
Premium finance market to grow 10% by 2032
The life insurance segment is expected to surpass $75b by 2032.
Aon veteran to head commercial risk in Asia-Pacific
He will report to Joe Peiser, global CEO of Commercial Risk Solutions.
Markel’s FY 2024 net income leaps to $2.8b
EPS stood at $199.32.
SCOR unveils global head of casualty, EIL
He replaces Daniel Carerras, who became Chief Underwriting Officer.
Howden’s insurance segment bags 14% organic growth in FY 2024
New talent also contributed 30% of the organic revenue growth.
WTW posts $88m loss in FY 2024
Revenues for the year increased 5% YoY.
Insurance-linked securities market grows 10.5%, nears $50b notional value
The market benefited from strong issuance activity.
Everest Re FY 2024 net income shrinks to $1.4b
Although, gross written premiums climbed 9.1% YoY.
Commercial insurance rates dip 3% in Q4 2024
Financial and professional lines declined the fastest at 9%.
APAC insurers wary of geopolitical instability in next two years
Cyber threats, on the other hand, are a moderate to severe risk.
Chubb’s net income rises 2.7% to $9.27b in FY 2024
The APAC unit saw a 22.2% surge in P&C insurance.
RSM posts $1.1b revenue in APAC for FY 2024
Revenue from developed Asian economies saw a 9% YoY increase.
Great Eastern, AmMetLife cancel acquisition plan
The plan was initially signed in 2023.
Aon reports 45% earnings boost in Q4 2024
Basic earnings per share (EPS) during the quarter was $3.31.
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