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Latest Asia & Australasia News

Perils pegs 19/20 Australian bushfire losses at $1.3bn

Figure covers the peak seven-day loss period between the end of December 2019 and start of January 2020.

AXA XL gets green light for reinsurance subsidiary in China

CBIRC gives permission for XL Insurance (China) to have a reinsurance licence.

AM Best downgrades GIC Re

Capital base deterioration and underwriting performance cited.

ERGO takes 24.9% stake in Chinese P&C insurer

Deal extends the group's investment in the Chinese market.

AXA XL appoints CEO, Asia & Europe

Xavier Veyry joins newly configured leadership team.

AXIS Re hires new property lines senior underwriter

Former PartnerRe executive appointed by Bermuda-based reinsurer.

Canopius strengthens Asia Pacific team

New casualty underwriter joins from AXA XL.

Peak Re reports increased annual profit

Both net profit and GWP up in 2019 despite ‘challenging environment’.

COVID-19 podcast with Stephen Postlewhite

New QBE Re managing director Stephen Postlewhite talks with Reactions about the impact of COVID-19 on the reinsurance sector.

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,

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

May 2020

 

In this month's Reactions

  • Special report on the impact of COVID-19
  • Insurance CIO perspectives
  • Construction market review
  • LatAm in focus

CLICK HERE TO READ THE LATEST ISSUE

 

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