Lloyds buidling landscape

Lloyd's warns of 'crippling' $160bn insurance gap

2018-10-22T08:09:00+01:00

An estimated $163bn of assets are underinsured in the world today, leaving an exposure gap that poses a “significant threat” to livelihoods and global prosperity, according to new research from Lloyd’s and the Centre for Economics and Business Research (CEBR).

Central-Pacific-hurricane

Perils launches Australia wind forecasting platform

2018-10-22T07:01:00+01:00

Zurich-based catastrophe modelling firm Perils has expanded its wind cat forecasting platform to include Australia.

aig city of london

AIG expects as much as $1.7bn in Q3 catastrophe losses

2018-10-19T08:39:00+01:00

US insurance behemoth American International Group said it expects to report third quarter pre-tax catastrophe losses of as much as $1.5bn to $1.7bn from natural disasters including Hurricane Florence and typhoons Jebi and Trami.

singapore skyline

S&P affirms Asia Capital Re’s rating

2018-10-17T10:12:00+01:00

Ratings agency Standard & Poor’s has reaffirmed the financial strength rating of Asia Capital Reinsurance Group at A- (Strong) with a stable outlook.

Asia, Hong Kong

Argo names Scala as Asia Pacific underwriting chief

2018-10-09T08:55:00+01:00

Lloyd’s insurer ArgoGlobal has appointed Michael Scala as chief underwriting officer for the Asia Pacific region.

Asia, Singapore

Chaucer boosts Asia treaty capabilities with Menon hire

2018-10-09T09:19:00+01:00

Chaucer has appointed Rajeev Menon as regional treaty underwriter with responsibility for building the insurers treaty portfolio in Asia, the Middle East, North Africa and the Indian-Subcontinent.

Singapore, skyline

Canopius names Phoon’s replacement in Asia

2018-10-02T10:12:00+01:00

Canopius has named Natt Wattanaumphaipong Asia Pacific head of reinsurance.

Typhoon Mangkhut

Insured losses for Typhoon Mangkhut could hit $2bn: AIR

2018-09-26T08:23:00+01:00

Cat risk modelling firm AIR Worldwide has said insured losses across mainland China, Hong Kong, and Macau from Typhoon Mangkhut are likely to be between  $1bn and $2bn.

Lloyd's-china

Lloyd’s China shrinks by 30 percent in one year

2018-09-24T08:03:00+01:00

Premiums written on the Lloyd’s China platform have shrunk by 30 percent following the retrenchment by a number of syndicates in the past year.

Japan flood

Fears mount over scale of Typhoon Jebi loss

2018-09-10T06:55:00+01:00

Typhoon Jebi, which pounded Japan last week, looks set to hit the lower layers of the cat excess of loss treaties bought by the Japanese “big three” insurers MS&AD, Tokio Marine and Sompo Japan Nipponkoa.

Japan typhoon

$5bn-$6bn Typhoon Jebi to hit reinsurance treaties

2018-09-09T23:12:00+01:00

Typhoon Jebi, which pounded Japan last week, is the largest cat loss of 2018 to date with early unofficial estimates of an insured loss of $5bn-$6bn.

Connected

The connected risk challenge

2018-09-09T22:56:04.913+01:00

In the first of a two-part series on connected risk, Russell Group founder Suki Basi – who has spoken on the topic at the Bank of England and Chatham House – reveals a fault line in our interconnected world.

Asia Hong Kong night sky

Peak Re top line swells 42% in first half of 2018

2018-08-29T09:26:00+01:00

Fosun-owned Asian Hong Kong-headquartered reinsurer Peak Re booked $671.2mn in gross written premium in the first six months of 2018, an increase of 42 percent compared to the first half of last year.