Global reinsurance giant, Hannover Re, anticipates prices and conditions to remain on a sustained stable level for treaty renewals in property and casualty reinsurance as at 1 January 2025 and anticipates a balance of supply and demand in most markets.
Beazley's recent survey of 3,500 global business leaders has revealed that despite the growing risk landscape, only 24% of executives based in Singapore ranked cyber as their top risk this year.
Forvis Mazars has appointed Mr Aidan Khoo as director, management consulting and Ms Kirsty McMillan as partner, tax.
The M&A market in the Asia Pacific (APAC) region has been comparatively resilient in 2024, noted the global law firm Clyde & Co In its "Insurance Growth Report 2024 Midyear Update".
Euclid Transactional, a leading global managing general agent focused on transactional insurance underwriting and claims handling, has launched in the Asia Pacific (APAC) with a company in Singapore.
Lockton has appointed Mr Joseph Smart as Asia head for legal, risk and compliance, effective 16 September 2024.
Zurich Singapore has appointed Mr Edward Rayfield as head of casualty, APAC and Mr Robin Cooper-Driver as head of financial lines, APAC.
Major Asia Pacific reinsurance companies saw their composite's return on equity surge to 9.2% from 0.1% under IFRS 17, supported by a more stable investment environment and benign catastrophe activity, according to a new AM Best report.
MSIG Asia (MSIG) has announced that it has invested in a major stake in Serenity Health Partners (Serenity), a Singapore-incorporated health solutions provider.
The insurance industry should be prepared to experience total annual insured losses, from natural catastrophes and crop, of well more than $151bn on average, says Verisk, a New Jersey-headquartered global data analytics and risk assessment company.