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Latest Asia & Australasia News
Australia Hail Storms Cost Insurers in 2020
Three days of carnage in January left nearly A$2bn market loss.
Premium Growth in India Holds up Despite Downturn
Solvency concerns remain among carriers however, Moody’s says.
Age-old Problem for Korean Carriers
The doubling of its elderly population by 2040 could pose big problems for domestic insurers: Moody’s
Nexus Completes Reinsurance Deal for Turkish Insurer
Labuan-based unit used for transaction with AA-rated reinsurance partner.
BMS Puts Down Roots in Asia
Broker’s Singapore operation to open with M&A business.
MS Amlin Launches First Pan-Asian Cat Bond
Lloyd’s Asia Singapore vehicle covers multiple nat-cat perils.
Singapore Insurance Market to Contract in 2020
COVID-19 chills economy, hits demand in motor & property lines.
Asia’s Insurers Count the Cost of COVID-19
ASEAN non-Life insurance premiums will be several billion less in 2020.
Estimate in for Australia’s Halloween Hailstorms
Third big event in early start to Australia’s season.
Interviews
Asian re/insurance can prosper in new economic phase
AXA XL's Peter Schmidt and Ann Chua say the value proposition of re/insurance must be told to the emerging middle class in Asia.
Mount Agnung losses expected to be low so far
A major eruption of Mount Agnung in Indonesia could cause more than $70bn in economic losses, but insured losses are expected to be low.
Xceedance targets a new outsourcing model
Xceedance CEO Arun Valakrishnan highlights the wealth of Indian tech talent that re/insurance businesses are failing to employ.
Canopius looks to Singapore for growth
Interview: Inga Beale says Singapore is going to a big area of strategic growth for Lloyd’s insurer and reinsurer Canopius, as less business makes its way to the London market.
Albert Benchimol: Axis Capital ready to thrive
Interview: Albert Benchimol has had a busy year since taking over as CEO of Bermudian insurer and reinsurer Axis Capital, dealing with the ousting of its chairman and Superstorm Sandy losses. He is now confident that a strong period of growth is ahead for his firm.
Hong Kong start-up Peak Re playing long game
Profile: Reactions spoke to the two co-founders of Peak Re, and found out about the new Hong Kong-based Asian reinsurer's long-term ambitions in China and across the Asia Pacific region.
Interview: John Nelson, chairman of Lloyd's - The internationalist
John Nelson has had a busy first year as chairman of Lloyd’s, with the market’s Vision 2025 plan his biggest contribution so far. He believes the make-up of firms and people at Lloyd’s is not diverse enough.
Interview: Asia Capital Re's John Tan
John Tan founded Asia Capital Re six years ago because he believed the time was right for Asia to have its own regional reinsurance company. Five years on, experience suggests he was correct.
Tokio Millennium Re targeting expansion
Interview: Tokio Marine’s reinsurance unit is aiming to grow in Europe and beyond, according to group CEO Tatsuhiko Hoshina and Continental Europe CEO Stephan Ruoff.
Latest Issue
January 2021
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Comments
Small business, big exposure
Ransomware attacks: A million-dollar threat for SMEs.
Editor's comment: China’s coming of age - FREE
China’s assets managed by insurers have doubled within four years, reaching around $2.1trn.
Reactions April digital issue online now!
This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.
Editor's comment: Women leaders talk D&I - FREE
Reactions asks leading women in re/insurance about diversity and inclusion in the industry, what it's doing wrong, and what it needs to do to get it right.
Editor's comment: China: crisis, disaster, ambition, expansion
Whatever does happen next in the sector, it’s a safe bet that the arc of China’s story will figure increasingly prominently on the global re/insurance stage.
Garry Booth comment: What’s hiding in Tianjin’s tail?
There’s a growing sense of unease around the wider loss implications of the explosions in the Chinese port of Tianjin.
Garry Booth comment: Climate change affects credit
More frequent and extreme weather events that occur as a result of climate change could damage companies'? credit profiles in the future, according to a report published by Standard & Poor?s.
Fosun agrees to buy Meadowbrook
Chinese holding company Fosun Intl has agreed to buy US insurer Meadowbrook for $433m
JLT outlines 2015 risks
Broker JLT has warned that a number of risks are likely to grow in 2015, including sovereign default,