Malcolm Steingold – Catalina

Catalina brings in ex-Aon APAC CEO Steingold as restructures leadership

2022-05-20T10:13:00+01:00

Run-off specialist Catalina has hired Malcolm Steingold to lead its expansion in the Asia Pacific region as the firm reorganises its global leadership.

Starr and FPG

Starr acquires Thai non-life insurer FPG

2022-05-19T15:06:00+01:00

Starr Insurance Companies has agreed a deal with FPG Insurance Holdings Limited and local shareholders to purchase the company’s Thai subsidiary FPG Insurance Public Company Limited (FPG Thailand).

Duncan Ainsby – Acrisure Re

Acrisure Re launches in Hong Kong with WTW’s Ainsby

2022-05-18T09:50:00+01:00

Acrisure Re has announced the launch of its Hong Kong operation and the appointment of Duncan Ainsby as senior vice president of facultative reinsurance and head of Asia.

Perils

Perils drops loss bill from southern Australia severe storms to A$1.016bn

2022-05-13T06:37:00+01:00

Loss aggregator Perils has modestly lowered its insured property market loss estimate for October’s severe storms in Southern Australia to A$1.016bn ($699.8mn).

Howden Singapore

Howden continues Singapore expansion with agency acquisition

2022-05-12T08:50:00+01:00

Howden has expanded its Asian presence with the acquisition of Singapore-based Aegis Insurance Agencies Pte.

BMS New Zealand

BMS launches New Zealand unit as international build-out continues

2022-05-12T08:32:00+01:00

BMS has said it expects to significantly expand in New Zealand during 2022 after launching an independent operating unit in the country.

ICA Aus floods March 2022

ICA: Australian flood losses rise to A$3.34bn

2022-05-09T07:12:00+01:00

Insured losses from the recent flooding which impacted southeast Queensland and New South Wales are now estimated to total A$3.346bn ($2.34bn), according to the Insurance Council of Australia (ICA).

Generali

Generali acquires majority stake in Indian P&C joint venture

2022-05-09T06:39:00+01:00

Italy’s Generali said on Friday it had completed the acquisition of a majority stake in its P&C insurance joint venture in India.

Jenny Lim Howden

Howden appoints Lim as Singapore CEO

2022-05-04T08:51:00+01:00

Expansive broking group Howden has promoted Jenny Lim to CEO of its Singapore unit.

Perils Australia floods 2022

Perils pegs initial Australian flood loss estimate at ~A$4bn

2022-04-19T06:36:00+01:00

Perils has estimated insured losses from the flooding which impacted parts of eastern Australia between 23 February and 8 March at A$3.991bn ($2.945bn).

Xenia and Capstone Brokers

Xenia acquires majority stake in Hong Kong-based Capstone

2022-04-13T14:28:00+01:00

Nexus Group’s credit insurance and surety specialist Xenia Broking Group has acquired a majority stake in Capstone Insurance Brokers, a Hong Kong-based insurance broker with expertise in financial lines and digital asset insurance.

WTW India

WTW completes acquisition of Indian JV

2022-04-12T08:49:00+01:00

WTW has received approval from the Insurance Regulatory and Development Authority of India to acquire the remaining stake in its Indian joint venture.

Shriram KKR

KKR buys into Indian general insurer Shriram

2022-04-11T14:32:00+01:00

Private equity giant KKR is set to acquire a 9.99 percent stake in Shriram General Insurance (SGI), a joint venture between Indian conglomerate Shriram Capital and pan-African financial services group Sanlam.

Australia floods Mar 2022

Australia’s gov pledges to fund flood resilience package after insurer criticism

2022-04-08T12:16:00+01:00

Australia’s federal government has pledged to co-fund a A$741mn ($553mn) natural disaster resilience package for flood-prone Queensland communities, in a move welcomed by the insurance sector.

AerCap, ADNIC and GIC Re

GIC Re refutes exposure to AerCap claim through ADNIC fronting arrangement

2022-04-08T07:03:00+01:00

Indian reinsurer GIC Re has denied that it is exposed to the $3.5bn AerCap leasing claim through its fronting arrangement with Abu Dhabi National Insurance Company (ADNIC).

Pavlos Spyropoulos – TMK

TMK adds Lloyd’s Asia CEO Spyropoulos as new Asia MD

2022-04-07T07:00:00+01:00

Tokio Marine Kiln (TMK) has appointed Pavlos Spyropoulos as regional managing director for Asia.

1.4-Japan-renewal

Gallagher Re: Japanese renewals “orderly” and “balanced”

2022-04-01T13:07:00+01:00

The 1 April renewals proved to be an “orderly calm” for Japanese cedants following substantial rate increases in recent years in response to major cat losses, with steady improvement in original property rates and no reduction in original earthquake rates, Gallagher Re global CEO James Kent has said.

Australia map

Australia passes legislation to create tropical cyclone reinsurance pool

2022-03-30T14:15:00+01:00

Legislation to establish a tropical cyclone reinsurance pool in Australia has been passed ahead of planned implementation on 1 July this year.

1.4 Japan renewal

Japanese cedants regain ground on QS cedes at 1.4 as XoL rates rise 5%

2022-03-30T07:33:24.597+01:00

Earthquake quota shares have come under pressure for reinsurers of the big three Japanese carriers at the 1 April renewals, with some cedants successfully pushing up ceding commission by a point or two, The Insurer understands.

Simon Chandler TigerRisk

TigerRisk confirms Chandler as Australia head

2022-03-29T08:32:00+01:00

TigerRisk has confirmed its entry into the Australian reinsurance and program market with the appointment of Simon Chandler as head of reinsurance broking, programs and binders, a move first reported by The Insurer earlier this month.