Everest: positioned for growth in the APAC marketKevin Bogardus, chief executive of Everest Reinsurance Company, Singapore Branch, recently shared his perspective on the region’s reinsurance market as we approach 2025 and 1.1 renewals.
Managing global casualty exposures: challenges and solutions in international marketsAs the reinsurance industry navigates evolving risks in international casualty markets, Axis Re's Simon Stirnemann discusses key challenges and opportunities, and effective strategies to address these complexities.
Peak Re ready to deploy fresh capacity at 1.1Peak Re is positioned to deploy additional capacity at upcoming renewals following recent portfolio remediation efforts, according to CUO Piotr Nowakowski.
Asia protection gap remains high at 88% for 2024 to date: Gallagher ReAsia’s protection gap remains high at 88 percent with just under $9bn of natural catastrophe insured losses in the region for the year to date, according to analysis by Gallagher Re.
Munich Re forecasts APAC cyber premiums to double by 2027Cyber’s rapid expansion across Asia Pacific looks set to continue with Munich Re forecasting premiums in the class will double in the region by 2027.
Munich Re’s Hauer: Reinsurance market “delicately balanced” ahead of 1.1 renewalsMunich Re’s recently appointed non-life head for Southeast Asia has described reinsurance market conditions as “delicately balanced” in the run-up to 1.1, reiterating the need for rates and conditions to remain risk-adequate.
Upgrades outweigh downgrades across Asia Pacific in latest AM Best studyImproved balance sheet strength and favourable operating results meant (re)insurers in the Asia Pacific region saw more upgrades to long-term issuer credit ratings than downgrades last year, according to AM Best.
Postcard from Singapore: Asia set to remain the industry’s growth engineSingapore’s Marina Bay Sands is one of the most expensive pieces of real estate in the world, costing around $5.7bn when it was constructed in 2010. It has since become an iconic part of Singapore’s skyline, and as such serves as a symbol of the Lion City’s prosperity.
Beazley aiming for 20% annual growth in Asia as regional portfolio shifts to specialtyBeazley has targeted an annual growth rate of 20 percent in its Asian operations as it builds out a regional portfolio aligned to its global business mix, according to regional head Lucien Mounier.
Markel aims to grow Asia premiums to $500mn by 2028Markel is aiming to grow the premium base of its Singapore-based Asia Pacific operations to $500mn by 2028 as it continues to expand its product suite in the region.
Lloyd’s Asia premiums set to top $1bn for first time in 2023Lloyd’s Asia is set to grow its premium volume beyond $1bn for the first time this year, according to Tokio Marine Kiln’s Asia Pacific regional managing director Pavlos Spyropoulos.
TMK aims to double size of Lloyd’s Asia portfolioTokio Marine Kiln is aiming to double the premium written through its Lloyd’s Asia operation in Singapore by 2027 as part of an ambitious growth drive under Asia Pacific regional manager Pavlos Spyropoulos.
Eckl: Asia is one of Munich Re’s largest growth areasMunich Re’s Asia Pacific CEO Roland Eckl has underlined the reinsurer’s commitment to Asia’s catastrophe markets ahead of the 1.1 renewals but has reiterated that pricing must adequately reflect the risk.
Asia is growing, but remains vulnerableThis year’s Singapore International Reinsurance Conference has attracted more than 2,800 delegates, a record attendance for an event that is growing in importance in the international reinsurance calendar.
Singapore regulator aims to strengthen position as leading Asia ILS hubExpanding capacity through alternative risk transfer instruments will be critical if the Asia Pacific region is to start to close the protection gap, according to Ravi Menon, managing director at the Monetary Authority of Singapore.
Samsung-backed Lloyd’s insurer mulls 2024 London IPOCanopius Group is one of a number of specialty carriers mulling a 2024 IPO as its private equity backers look to capitalise on the Lloyd’s (re)insurer’s improved results and growing investor interest in the sector.
ICA report highlights potential A$4bn annual savings from strengthened construction codesStrengthening Australia’s National Construction Code could reduce costs from extreme weather events by as much A$4bn ($2.53bn) a year, according to a report commissioned by the Insurance Council of Australia.
Looking ahead to 1.1.24 renewals: What to expect from retention, market and pricing trendsGuy Carpenter’s Jeremy Waite sets out his expectations for the upcoming 1 January renewals in Asia.
Aon: Advanced analytics are shaping better decisions in Asia PacificAon’s Peter Cheesman on the role analytics are playing in helping shape insurer decision-making in the region.
Too good to missSean Sperring, director of facultative reinsurance at BMS Re, talks about why this is an exciting time to rejoin the firm.