APAC

Munich Re profits reach $3.62b in profit

The insurer beat its profit guidance of $3.3b.

Anil Wadhwani joins Prudential plc as new Group CEO

Wadhwani will replace current CEO Mark FitzPatrick

CoverGo appoints new APAC managing director

The new director is based in Singapore.

Natural hazard losses, inflation weigh on APAC reinsurers in 2023

Increase in costs of claims will add pressurers to profits.

Insurance Asia Awards 2023 is now accepting nominations

The deadline for submission of entries is on 28 April 2023.

Asia commercial insurance prices climb 2% in Q4 2022: report

The region has the smallest increase in prices globally.

APAC insured losses reach $11b in 2022: Aon

Australian flooding events were the costliest for insurers with $4b in insured losses.

WTW appoints APAC head of crisis management

The new head will be based in Singapore.

The triple threat for marine insurance

These threats are causing the industry $9.53b worth of losses.

Higher insurance claims lead to underwriting pressure for APAC reinsurers

S&P said APAC reinsurers showed slower growth and subdued underwriting margins.

Chubb appoints new regional head of consumer for APAC

He has over 20 years of experience in the insurance industry.

US private equity firms bets $350m on SEA digital insurance platform Oona

Low market penetration and rising internet adoption offer big upside potentials.