MSIG Asia has appointed Mr Ronak Shah as Regional CEO, effective 1 October 2026. In addition to leading the insurer's operations across Southeast Asia, Hong Kong, India and Oceania, Mr Shah will assume regional leadership responsibility for Mainland China, Taiwan and Korea.
Willis, a WTW business, has announced the appointment of Mr Oliver Pryce as Head of Corporate Risk and Broking Southeast Asia; and the promotion of Mr Rupert Roberts to the role of Chief Commercial Officer, Asia. Both appointments are effective 4 January 2027.
AI12, a specialist (re)insurance broker, has appointed Mr Alfie Langley as Head of Cyber.
Coface has appointed Mr James Yau as Head of Commercial, Southeast Asia (SEA) and Head of Mid-Market, APAC.
Regulators, investors and executive leadership teams are increasingly treating cyber incidents not as technical failures but as matters of governance, resilience and accountability.
Philippine President Ferdinand Marcos Jr called on ASEAN bloc members to ensure regional energy security and resilience, as he opened the 48th ASEAN Summit Retreat in Cebu on 8 May.
Swiss Re has appointed Ms Anna Ziswiler as Head P&C Reinsurance for Southeast Asia, Hong Kong, India, Korea and Taiwan, effective 1 May 2026. She will become a member of the P&C Re Management Team.
QBE Re has appointed Mr Tanaka Soichiro as Head of Southeast Asia. In this newly created role, he will lead underwriting strategy for Southeast Asia, overseeing portfolio management and growth opportunities as the reinsurer continues to expand in Asia.
Globally, the direct economic cost of Nat CAT in 2025 was estimated at $296bn, below the decadal average of $394bn (2015 to 2024) and most recent five-year average of $409bn. In APAC, the estimated economic losses were $87bn (Asia: $83bn, Oceania: $4bn), according to Guy Carpenter's "Natural Catastrophe and Climate Report", released in January 2026.
Peak perils in 2025 accounted for only a small share of overall losses, according to the latest report by Howden Re. Outside of the US, losses were driven by a series of notable, but localised events across Asia and Europe, producing moderate insured losses amid significant human and economic impacts.