
Asia Pacific
International re/insurers are looking to Asia Pacific markets for growth opportunities

Princess Empress clean-up costs likely to hit IOPC Funds threshold
Claims submission office opened in Philippines working with P&I provider Shipowners’ Club

India looks to accelerate insurance boom
Regulatory changes, supported by a fast-moving economy, aim to attract new re/insurance companies to India and bring innovative products to the market

Cyclone Gabrielle to cost insurers NZ$1.5bn: Perils
February cyclone is the second billion-dollar weather event the country has experienced this year, following record flooding in January

Gallagher names Chan head of construction for North Asia
Broker targets regional expansion with hire from Oneglobal

Perils ups Typhoon Nanmadol loss to $1bn
The loss aggregator says the ‘manageable’ loss demonstrated the high level of preparedness for extreme weather events

New Zealand North Island flood loss to cost NZ$1.65bn: Perils
The January flooding is the industry’s third-largest catastrophe event in the country following the Canterbury and Kaikoura earthquakes

Markel International adds to downstream energy team
Insurer appoints QBE’s Keens in London and Scor’s Wong in Singapore

Perils raises eastern Australia flood loss to A$6.5bn
Final insured loss estimate provided for Australian insurance industry’s largest loss on record

Mosaic opens Singapore office
Insurer creates Asia-Pacific platform led by Benn Wilson to build out its transactional liability business in the region

Asta opens Singapore service company
Lloyd’s third-party managing agent looks to expand presence in Asia with new operation

Canopius opens Melbourne office
The specialty re/insurer’s second Australia location will initially write casualty business

Philadelphia CEO Glomb appointed to Tokio Marine executive role
Tokio Marine promotes John Glomb to executive officer role to support group's global operations

Everest Re names Bogardus chief executive of Singapore branch
Reinsurer promotes Bogardus to oversee operations across Asia Pacific region, following departure of Nitin Talwalkar

Enstar inks legacy deal with RACQ
Bermudian run-off specialist strikes loss portfolio transfer deal with Australian motor insurance mutual

Lockton launches Australia and NZ affinity business
Broker hires Aon’s Dasgupta to lead business, which aims to address the ‘unmet needs’ of small to medium-sized enterprises

QBE strikes $1.9bn legacy deal with Enstar
Australian giant enters into loss portfolio transfer deal covering a diversified book of business including international and North American financial lines and reinsurance business
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