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Latest Asia & Australasia News
IAG revises FY20 guidance after hailstorm hit
Losses from hailstorms pegged at A$169m post-quota share.
Willis Re pegs 2019 nat cat insured losses at $53bn
Japanese typhoons the biggest contributors to losses in 2019.
Australian hailstorm claims hit $353m and rising
So far 55,650 claims have been received by insurers, over half of which were from the Australian Capital Territory.
Willis Re appoints head of international casualty
Role will include specific work in the Asia Pacific region.
Shelter in the Storm
Markel’s Managing Director for Asia on what the re/insurance industry can expect in 2020.
Australia bushfire insured losses approach $1bn
Insurers have received over 16,000 claims since November.
Korean Re opens Shanghai branch
Reinsurers’ global ambitions also include Latin America.
Liberty Mutual Re opens new Singapore office
Group hires Annie Leong from Aspen Re as Regional Underwriting Manager for Asia Pacific.
Moody's: P&C insurers at the 'forefront of environmental ...
Rating agency predicts high combined ratio as losses mount from Australian bushfires.
Interviews
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.
Aon's Greg Case on insurance broking's future
INTERVIEW: Greg Case, CEO of Aon, believes that the insurance broker can help its customers manage their way through the tough global operating environment and rise to the challenge of new and complex risks by working on a more robust fact basis.
Latest Issue
December/January 2020
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Comments
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,
Comment: The Singapore Sting
Singapore is prominent in insurance news these days, but Reactions' Garry Booth points out some of the problems that come with rapid growth.