InsuranceAsia News

The ongoing January 1, 2025, reinsurance renewals are progressing smoothly with rates softening across treaties including property cat, non-US exposed casualty and aviation, however, specialty rates are holding up, sources told InsuranceAsia News. https://lnkd.in/gEvb6KJB If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #renewals

Global specialty carrier Berkshire Hathaway Specialty Insurance (BHSI) has appointed Cheryl T. as head of marine claims for Asia Middle East, according to a LinkedIn post by the company. https://lnkd.in/g3itgVKY If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #Singapore #insurance

Loss data specialist PERILS AG has estimated the fourth and final industry losses due to the Australia Christmas storms last year at AU$1.66 billion (US$1 billion), marginally higher than the previous estimate of AU$1.56 million. https://lnkd.in/gVmypZa4 If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #Australia #storms #Perils

Swiss Re Victor Kuk looks back at the Indian Ocean tsunami 20 years on. "Like all of us, I was in a state of shock that could only be compared to 9/11, except this time the event was in my own 'backyard' of Asia." https://lnkd.in/gZ7PyEHw If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #SwissRe #India #IndianOcean #tsunami

Specialty carrier Berkley Insurance Asia (a Berkley Company) has appointed Unnati Bajpai as chief executive officer and principal officer of its new India branch. “We are pleased to welcome Bajpai to Berkley. She will be instrumental in establishing the Berkley team in India as we prepare to begin operations in 2025,” said W. Robert Berkley, Jr, president and chief executive officer of WR Berkley Corporation. https://lnkd.in/gSqT2Fgk If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #India #insurance #Berkley

Insurance broker Howden has appointed Lawrence C. as its regional head of cyber and tech solutions, Asia. https://lnkd.in/ggKc4bfM If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #Howden #cyber

Berkley Insurance Asia (a Berkley Company) has received approval from the International Financial Services Centres Authority (IFSCA) to open a branch office in India. The specialty carrier has appointed Unnati Bajpai as chief executive officer and principal officer of the new branch. https://lnkd.in/gSqT2Fgk If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #India #insurance #Berkley

"Heat stress decreases the productivity of the workforce, impacting manufacturing and construction. So I believe that at some point in time, heat stress will begin to impact business interruption losses, and will start to bring in business interruption losses for the insurance industry." India’s business interruption insurance market is likely to see an uptick in losses as heat stress impacts manufacturing and construction, Alok Kumar, managing director for India and head of global analytical services at Moody's, told InsuranceAsia News. https://lnkd.in/gTSjbTik If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #India #insurance #heatwave #heat #flooding

Roojai will acquire DirectAsia (Thailand) from Hiscox to strengthen its position as the largest direct insurance group in Thailand, according to a company announcement. https://lnkd.in/gr8WgCFD If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #Thailand #insurance

China Taiping has promoted Yin Zhaojun to the chairman of the board, effective December 18, according to a Hong Kong stock exchange announcement. Yin succeeds Wang Sidong who will retire. https://lnkd.in/gk2QBNyg If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #ChinaTaiping China Taiping Insurance Holdings Co Ltd