Analysis Page 11 / 66
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- September 6 2023
‘Little-known’ insurers likely stepping in to provide dark fleet cover: sources
While it is legal to provide insurance to Russian oil shipments despite sanctions, the question is do these insurers have reserves to pay for catastrophic events.
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- September 5 2023
Market rebound, XOL to drive APAC aviation rates, cover despite capacity flux
The market is relatively flat for hull and liability but material changes are being seen in war risks and a ‘natural increase in premium' is likely with a recovery in general aviation activities.
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- September 4 2023
Typhoon Saola triggers claims across Hong Kong, Macau, China and the Philippines as Haikiu hits Taiwan
The storm to bring loss accumulation of tens of millions of dollars from flooding, crop damage, car and yacht write-offs, flight disruptions, fallen solar panels and trees.
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- September 1 2023
Asian dark fleet operators’ future in question after Gabon coup
A safe haven for shadow fleet and the fastest growing flag for sanctioned oil shipments, the country’s political situation could have implications for entities in India and Hong Kong.
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- August 31 2023
Chaucer’s COR turnaround propels China Re H1 results
The global specialty player benefited from rising rates and lower losses from catastrophes.
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- August 29 2023
Asia’s W&I market goes through MGA shift
The global MGAs could bring fiercer competition leading to lower rates and broader terms, arguably without a full understanding of the regional differences in risk.
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- August 28 2023
India’s new reinsurance regulations are small steps towards global hub status
Reduction in capital requirements could encourage smaller global players to come into the market but there was no 'game-changing' move.
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- August 23 2023
Political violence market on guard over Taiwan tensions
While some carriers are excluding Taiwan completely, most have been sub-limiting exposure to US$10–25m in the aggregate.
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- August 22 2023
IAG reveals up to US$4.5bn potential Greensill exposure
Since February, proceedings involving 20 separate claims have commenced related to the collapse of the trade credit financier, with the Australian carrier insisting it has 'no net insurance exposure'.
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- August 21 2023
Australia’s broker commission disclosure debate heats up
While some brokers are already using fees, industry body NIBA says its changes to the code of conduct is the first step towards 'self-regulation'.
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- August 18 2023
Indonesia’s Covid-hit credit (re)insurance market not yet out of the woods
Despite significant reserve strengthening and re-underwriting of policies, uncertainty around the ultimate claims position remains given the long duration of products.
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- August 15 2023
Tokio Marine, DB and MS&AD face losses from devastating Hawaii wildfires
The catastrophe is likely to lead to hundreds of millions of dollars of claims as overall costs climb to US$6bn.
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- August 14 2023
Exclusive: Vale Insurance Partners to establish Asia operations — sources
Vale is the seventh specialty insurance firm seeking to join the Asia M&A market in the space of 12 months.
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- August 11 2023
Allianz records 15% P&C profit drop in APAC despite top line growth
The overall APAC COR including Australia deteriorated from 95.8% to 97.4%, as the group restructures in the region.
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- August 10 2023
Hannover Re increases APAC Covid reserves to US$629m
In the 1.6 and 1.7 renewals, the German reinsurer saw rate increases and improved terms in Australia, while it reduced shares on some proportional business in Asia.
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- August 9 2023
Hong Kong northbound GBA motor scheme to help spur P&C innovation
With 16 insurers already writing cross-border policies, the Greater Bay Area should create specialty and reinsurance opportunities despite a complex framework.
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- August 8 2023
Capacity challenge for Asia’s offshore wind market as nat cat, accumulation risks rise
Larger turbines, wind farms being created further offshore and more ambitious projects mean (re)insurers need to adapt quickly.
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- August 7 2023
Exclusive: Euclid Transactional targets Asia launch
The M&A-focused New York-headquartered specialty MGA is set to open a Singapore office by Q1 2024.
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- August 4 2023
Vesttoo scandal contagion to curtail Asia business
The fallout is unlikely to affect Asia cedents but could create capacity constraints for MGAs and reputational damage in the insurtech and ILS spaces.
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- August 3 2023
US ‘nuclear verdicts’ reverberate in Asia
Regional liability premiums may feel the pinch of US social inflation as supply chains recover.
