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Latest Asia & Australasia News
Willis Re: Reinsurers seek COVID-19 exclusions at 1.4
Reinsurance broker provides its commentary on the renewals, reporting on which lines saw the largest price rises.
Perils pegs Aussie East Coast Low losses at $487m
Produced third largest losses for an event of its kind in the last three decades.
Catalina completes Asia Capital Re deal
Bobby Heerasing stepping down ACR’s CEO.
ICA: Australia right to list insurance as essential service
Council expects insurance business to continue through coronavirus emergency.
Japanese insurers financially stable, claims AM Best
New analysis by rating agency claims insurers in Japan retain stable credit fundamentals.
Aviva to exit Indonesia
Joint venture to be sold to local partner.
Perils pegs Australia hailstorm property losses at $443m
Hailstorms the fourth largest to hit Australia in the last 20 years.
Coronavirus could spark business interruption exposures
Risk modelling firm Russell Group highlights global supply chain worries.
Arch Re to buy stake in PMAP
Reinsurer targets Asia-Pacific region with transaction.
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
April 2020
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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,