Peak Re has announced the successful issuance of the second CAT bond, via Black Kite Re, a special purpose insurer (SPI) in Hong Kong. Building on the success of its inaugural 2022 issuance, this transaction secures $50m in retrocessional reinsurance protection, extending coverage in Japan to earthquake and typhoon risks while introducing parametric earthquake protection for China and India.
According to Prudential, in 1Q2025, new business profit on a traditional embedded value went up 12% to $608m, annual premium equivalent (APE) sales went up 4% to $1.7bn and new the new business margin increased by two percentage points.
Munich Re has appointed Ms Diana Bär CFO for Australasia, effective 1 July 2025.
INSTANDA, a policy administration and digital distribution platform for the global insurance market, has appointed Mr Jerry Hall as head of business development, APAC.
Insurers must be aware of financial market trends, particularly, recently, when the need to understand and act on these trends has grown more urgent and expanded to more facets of the insurance business, said Swiss Re head of life and health reinsurance APAC excluding China, Ms Daisy Ning.
The first quarter of 2025 brought a series of devastating natural disasters across the globe and Asia was not spared from their destructive impact.
A promising area in insurance is digital health underwriting, where insurers use electronic health records - increasingly adopted across APAC - to conduct underwriting assessments more efficiently, according to Swiss Re head of life and health reinsurance APAC excluding China, Ms Daisy Ning.
Euclid Transactional has appointed Ms Low Wai Ling as senior vice president and tax underwriter, APAC. She is the first tax underwriter based in the APAC region to join Euclid Transactional's global tax insurance team.
Chubb has appointed Ms Janene Blizzard as the head of accident and health (A&H) for Asia Pacific, effective 1 June 2025.
Primary insurance companies from Central and West Asia have increased their attention to international reinsurance business as they seek to diversify their existing domestic books of business and establish a presence in foreign markets, according to a report by AM Best.