Data, analytics and insights platform GlobalData expects the APAC reinsurance market to reach $68.4bn in 2029 in terms of reinsurance accepted premiums, growing at a compound annual growth rate of 4.8% from $54bn in 2024.
Medical costs in New Zealand have surged significantly in recent times in the Asia-Pacific region and across the world too according to Aon's 2025 Global Medical Trend Rates report.
Canopius has announced that Mr Paul Hackett has taken on an expanded role as regional head of distribution for APAC, in addition to his existing portfolio as head of marine for APAC and MENA. He will also serve as a member of the APAC Executive Committee.
One in two New Zealanders is of the opinion that the government should invest more to protect people and properties from extreme weather events.
QBE Insurance New Zealand (QBE) has announced a new partnership with Conservation Volunteers New Zealand (CVNZ) to drive hands-on environmental action and contribute towards biodiversity restoration and climate resilience efforts across the country.
Three fourth of New Zealanders participating in a survey agree that the unease due to global unrest and climate change events makes it more likely that they will purchase travel insurance when they travel next.
Aon has appointed Ms Jennifer Richards as CEO of APAC, effective 1 March 2025. Ms Richards assumes the role from Ms Anne Corona, who has been named CEO of enterprise clients and global chief commercial officer.
Liberty International Insurance has appointed Mr John McCabe as president of Australia, Mr Michael Abdallah as CUO and Ms Vanessa Maher as COO.
Tokio Marine Kiln (TMK) has appointed Mr Jack Skinner as head of political violence and terrorism, APAC. In his new role, he will focus on further expanding TMK's presence in key markets across the APAC region and accelerating the team's growth.
IAG yesterday announced its first half results for financial year 2025, reporting a net profit after tax of AUD778m ($488m), up 91% from $407m in 1H24.