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Major Asia-Pacific reinsurers deliver stable performance on growing competition and uncertainty: AM Best

by AIP Online Bureau | Aug 30, 2022 | International News, Non-Life, Reinsurance

2022 is shaping up to be another profitable year thanks to benign natural catastrophe activity in the region in the first half of the year for Asia Pacific domiciled reinsurers The accumulation of natural catastrophe risks in Asia-Pacific reinsurers’ home markets...

Asian Markets: Reinsurers grapple with economic challenges and climate risk, says Fitch

by AIP Online Bureau | Aug 30, 2022 | International News, Non-Life, Pandemic, Reinsurance

Asia-Pacific reinsurers face weather-related catastrophe losses from flooding and drought, such as the major floods in eastern Australia and China in 2022. Reinsurers are re-assessing risk modelling and catastrophe management frameworks to help quantify potential...
Gautam Adani is first Asian to become world’s third-richest person, overtakes Louis Vuitton chief

Gautam Adani is first Asian to become world’s third-richest person, overtakes Louis Vuitton chief

by AIP Online Bureau | Aug 30, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Gautam Adani All told, Adani has added $60.9 billion to his fortune in 2022 alone, five times more than anyone else. He first overtook Ambani as the richest Asian in February, became a centibillionaire in April and surpassed Microsoft Corp.’s Bill Gates as the world’s...

Dominick Williams appointed as WTW’s Head of Distribution Advisory in APAC

by AIP Online Bureau | Aug 30, 2022 | Workplace/Employee Benefits

“ The insurance business is going through a time of transformational change. Dominick’s addition to the Client Advisory team is timely as we continue to invest to ensure our capability and solutions remain market leading.” Sam Farrimond, Regional Leader, Client...
Beazley launches Product Recall product in APAC market

Beazley launches Product Recall product in APAC market

by AIP Online Bureau | Aug 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The Beazley Manufacturing Risks & Response coverage is an innovative insurance solution that provides what manufacturers need to help protect their business and customers “Our solution includes offerings for any component parts and consumer goods . Adding this to...
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