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.
FM has appointed Mr Calvin Kuan as client service manager for Southeast Asia.
The 7.7-magnitude earthquake that struck Myanmar in March 2025 has caused estimated economic losses of $12bn, according to Munich Re NatCatSERVICE's report titled "Natural disasters in the first half of 2025", released in July.
Prudential has appointed Mr Naveen Tahilyani as regional CEO for India, the Philippines, Cambodia, Laos, Myanmar, as well as Africa, with responsibility for health, effective 29 July.