APAC
AXA sells investment arm to BNP Paribas for $6b
The sale is expected to drag AXA’s earnings by $440m.
Markel Asia grows with key underwriting appointments
Alvernia Xu has been appointed head of Operations in APAC.
Typhoon Gaemi causes multi-million dollar losses in Asia
Economic losses range from $220m to $245m.
Asia Pacific composite insurers exceed profitability standards
Their Fitch-calculated financial leverage ratios stay adequate with their ratings.
Aviation insurance to soar at a 20-year high in 2024
Collision and crash incidents account for 63% of claims in aviation insurance sector.
Insurtech funding in Q2 2024 highest in five quarters
Global funding bagged $1.27b.
Only a fifth of Asia, Africa’s natural disaster losses insured in H1 2024
Total losses from natural disasters amounted to $40b.
AIG's Q2 2024 net premium written falls 8%
It accumulated $6.9b during the April to June period.
Insurance industry at risk from renewed supply shocks
It potentially puts pressure on underwriting performance.
Swiss Re appoints new Group CFO
This succession comes after the retirement of John Dacey.
Skills shortage found in insurance’s renewable energy market
Overall profitability challenged due to variable results within different energy classes
Property catastrophe market finds balance in H1 2024
Guy Carpenter estimated an additional $35b to $40b in limit purchases worldwide.
How secure are systems now in the insurance industry?
Big tech players tackle tech challenges in legacy systems amidst digital vulnerabilities.
Sedgwick expands energy claims expertise in APAC
It created a team dedicated to this solution.
Munich Re’s technical performance boosts market position
The reinsurer reported a strong net income of $2.3b in Q1.
Geopolitical instability heightens need for robust ERM: WTW
60% of companies enhanced their processes to manage political risks.
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