In a major step toward global collaboration on disaster risk finance, four Regional Risk Pools convened in Frankfurt in April 2025 for a CEO Summit hosted by Frankfurt School of Finance & Management, to put shared commitments into action - backed by a new EUR 4.7m ($5.3m) grant supporting joint solutions, capacity building and knowledge-sharing across continents.
Aon published its Q1 Global Catastrophe Recap - April 2025 yesterday, which analyzed the natural disaster events that occurred worldwide during the first quarter of the year.
In Asia, the construction industry is set to experience continued growth this year because of both government stimulus and private investments.
Asia's real estate and insurance sectors are grappling with substantial financial risks, while also encountering new opportunities, as climate change drives more frequent and intense extreme weather events.
Moody's Ratings has affirmed the Baa1 insurance financial strength rating (IFSR) on Peak Re.
Political risk and violence remain a top 10 global concern for businesses for the third consecutive year with civil unrest, terrorism and state-sponsored sabotage posing significant threats to operations and assets according to a new report.
Asia and Oceania are expected to increase their share of global cyber premiums to 8% by 2027 from 6.8% in 2024, according to a new report by global reinsurer Munich Re.
Sun Life, in partnership with global sport for social change foundation Beyond Sport, has announced the extension of its "Hoops + Health" philanthropy programme for the second year, with the goal of helping 45,000 young people get active by the end of 2025 by providing safe spaces, coaching programmes and equipment in underprivileged communities.
Novidea has appointed Mr Oren Leshem as vice president of sales for the APAC and MENA regions. In his new role, he will lead sales and growth initiatives in these regions, develop strategic customer relationships, expand the company's presence in emerging markets and manage regional sales teams.
Prudential has appointed Mr John Cai as regional CEO for Malaysia, Indonesia, Vietnam and agency. Prior to his new role, he worked with AIA and AXA.