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Asia Pacific

International re/insurers are looking to Asia Pacific markets for growth opportunities

 

Australian official says insurance costs are growing problem

Apra’s Magill urges more transparency on prices and conditions

Australia Property

China-Taiwan conflict fears could spark war risk insurer exodus

Even current ‘phoney war’ may have unintended consequences including marine casualties, conference hears

China Taiwan

Allianz working on new India joint venture: report

German firm has reached ‘preliminary agreement’ with Ambani-backed company

India Mergers and Acquisitions

Opportunities for foreign investment in India’s insurance market open up

Allowing 100% foreign direct investment will have far-reaching implications for India’s insurance sector and will encourage significant capital inflows

India Legal focus

India regulator licenses private reinsurer Valueattics

Fairfax-backed reinsurer to challenge state-owned GIC Re’s de facto monopoly

India Reinsurance

Allianz exits Indian joint ventures for €2.6bn

German insurance giant to sell 26% stakes in life and non-life joint ventures with Bajaj Group

India Allianz

Cyclone Alfred declared ‘catastrophe’

Weakened former cyclone struck Queensland on March 8 and has generated more than 9,000 claims

Australia Property

AI adoption could save P&C insurers more than $480bn a year

Digitalised firms increasingly outperforming less technologically advanced rivals, Acord study finds

Asia Pacific Europe

Australia could face more than $1.2bn in Cyclone Alfred losses

Cyclone Alfred expected to hit southern Queensland this weekend

Australia Property

Australian opposition attacks uncompetitive insurance market

Liberal Party of Australia leader calls for structural barriers to be reduced, so new companies can enter the sector

Australia Property

Chubb to buy Liberty business in Thailand and Vietnam

Liberty operations Chubb is acquiring produced $275m in net written premiums in 2024

Asia Pacific Thailand

Hong Kong extends ILS grants for three more years

City has been making efforts to attract Apac insurance-linked securities business, but lags behind Singapore

Asia Pacific Hong Kong

Pacific typhoons could prompt risk modelling updates: Chaucer

Specialty re/insurer has incorporated Pacific typhoons shifting northwards into its risk assessments, highlighting an increased likelihood of losses over the next decade

Chaucer Reinsurance

QBE reports 27% increase in profit for 2024

Australian insurer says California wildfire exposure around $200m

Australia International

Sompo restructure separates P&C and life

The Sompo P&C division will integrate Sompo International’s re/insurance business with its Japan-based commercial and consumer P&C operations

International Asia Pacific

India to allow 100% foreign ownership of local insurers

Finance minister announces measure in budget speech

India Regulation
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