Miller has named Elizabeth McGonagle as its head of power for the Asia Pacific region.

Zurich Resilience Solutions, the commercial risk advisory unit of Zurich Insurance Group, has formed an alliance with GoImpact Capital Partners aimed at enabling businesses in Asia Pacific to address the challenges of climate change.

A parametric insurance program covering coffee farmers in Vietnam against climate risks is set to be scaled up in a project led by WTW.

Generali has agreed to sell its insurance business in the Philippines to Insular Life Assurance Company.

Australian insurers have welcomed an inquiry by the Senate Select Committee into the impact of climate risk on the affordability and availability of insurance.

Gallagher has bolstered its footprint in Australia with a deal to buy commercial insurance intermediary Hann Insurance Brokers for an undisclosed sum.

Tokio Marine Kiln (TMK) has expanded its footprint in Singapore with the appointment of Georgina Furness-Smith as cyber underwriter for the Asia Pacific region.

New Zealand-based insurer Tower Limited has posted a more than tenfold increase in underlying net profit after tax to NZ$83.5mn ($49.3mn) for the financial year ended 30 September 2024, with results bolstered by a reduction in large loss events.

Australian insurer IAG has agreed a deal to acquire the majority of the Royal Automobile Club of Queensland (RACQ)'s existing underwriting business as part of a new 25-year strategic alliance.

The Australian Parliament has passed a suite of reforms aimed at bolstering the nation’s cyber defence and resilience, as well as advancing initiatives under its Cyber Security Strategy.

Aon has bolstered its footprint in Japan with the signing of a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG).

Markel International is set to grow its premiums across Asia Pacific beyond $200mn this year as the carrier continues its expansion in the region.

Economic losses from the territories impacted by Typhoon Man-yi between 16 and 17 November may reach the tens of millions of dollars, according to Aon.

Specialty (re)insurer Chaucer has made a new senior hire for its political risk business in Singapore.

Proposed changes to reinsurance-related capital requirements may support Australian general insurers’ credit profiles over the medium term, but cat reinsurance pricing and claims costs will remain key factors in determining the long-term effect on capital and earnings, according to Fitch Ratings.