InsuranceAsia News

Tyson Vickery has taken up the role as global placement leader for Marsh Europe, he has confirmed to InsuranceAsia News. https://lnkd.in/gGyrDitJ If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #Europe #Marsh #broker Marsh Marsh Asia

India’s national reinsurer General Insurance Corporation of India (GIC Re) expects its underwriting losses to come down to around INR30 billion (US$350 million) by March from the INR40 billion it had reported the year before, said chairman and managing director Ramaswamy Narayanan. https://lnkd.in/gnZY32mn If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #India #reinsurance

Hong Kong-headquartered managing general agent (MGA) Hawkes Bay Underwriting has resumed its status as a Lloyd’s of London coverholder, “which had been on pause for several years”, according to a LinkedIn announcement by chief operating officer and head of marine specialty Manson Ma. https://lnkd.in/gP5xEcNj If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #MGA #HongKong #Lloyd’s #coverholder

The reinsurance market at the January 1 renewals ended up softer than anticipated and has become a “buyers’ market”, Mark O'Brien, managing director and head of APAC, Gallagher Re, told InsuranceAsia News. https://lnkd.in/guWbgfks If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #renewals

Reinsurance renewals at January 1, 2025, experienced notable softening overall, reflecting strong price adequacy and reinsurers’ ambitions for growth, according to Howden’s renewal report. https://lnkd.in/gVXyw7e2 If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #renewals #reinsurance David Howden

Last year saw eight international cat events outside of the United States with industry losses in excess of US$1 billion, according to Cresta, with 78% of the total industry loss figure due to flood events. https://lnkd.in/g8JNQdxU If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #floods #earthquake PERILS AG

“This was a 1.1 where reinsurance supply generally exceeded demand, buyers sought a measure of relief and sellers provided it,” according to Gallagher Re CEO Tom Wakefield. https://lnkd.in/gHRVAcwd If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #renewals

The January 1 reinsurance renewals saw a reduction in risk-adjusted pricing across the board in property catastrophe and specialty, with exceptions for loss-impacted programs, said Gallagher Re in its 1st View report. https://lnkd.in/gHRVAcwd If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #renewals #Gallagher Tom Wakefield

Australia’s cyclone reinsurance pool has received full participation from all mandated small and large insurers, the Australian Reinsurance Pool Corporation (ARPC) said in a statement. https://lnkd.in/geAEYXqn If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #Australia #insurance #cyclone

Marsh has promoted Singapore-based Brent Clawson to its global placement leader for Asia. https://lnkd.in/gRSsFSyH If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #Asia