Markel International is set to grow its premiums across Asia Pacific beyond $200mn this year as the carrier continues its expansion in the region.

Economic losses from the territories impacted by Typhoon Man-yi between 16 and 17 November may reach the tens of millions of dollars, according to Aon.

Specialty (re)insurer Chaucer has made a new senior hire for its political risk business in Singapore.

Proposed changes to reinsurance-related capital requirements may support Australian general insurers’ credit profiles over the medium term, but cat reinsurance pricing and claims costs will remain key factors in determining the long-term effect on capital and earnings, according to Fitch Ratings.

UIB Group has opened a new representative office in Kathmandu as the insurance brokerage seeks to expand its presence across Asia.

CFC has appointed Janine Fenwick as its transaction liability practice leader for Asia Pacific.

Insurtech MGU Argyle Insurance has agreed a multi-year capacity agreement with Mitsui Sumitomo Insurance Co (MSI) to write a portfolio of coverage targeted at SMEs in Australia.

India’s state-backed reinsurer GIC Re has targeted growth of its international book, taking advantage of its recent rating upgrade from AM Best, according to managing director and chairman Ramaswamy Narayanan.

Charles Taylor has expanded its marine technical services team with hires in Australia, Singapore, Hong Kong and China.

India’s state-backed reinsurer GIC Re saw its underwriting loss narrow as it reported a combined ratio of 111.6 percent for the first six months of its fiscal year ended 30 September 2024.

Asia is a leading provider of key crops such as rice and wheat but insurance availability across the continent is struggling to keep pace with rising exposures.

The introduction of (re)insurance to the Finance Day agenda at COP29 marks a “critical paradigm shift” in how the sector is increasingly perceived as a strategic priority in accelerating the low-carbon transition, a new report by Howden has said.

Howden has strengthened its position in Hong Kong with the acquisition of Storfield Insurance Consultants Ltd.

Retentions and reinsurance pricing are among the key focus areas for Asia Pacific (APAC) cedants ahead of the January renewal season, Guy Carpenter’s CEO for the region has said.

Aon’s Brad Weir and Tom Mortlock discuss the trends impacting the Asia Pacific reinsurance market.