LA wildfires unlikely to impact APAC (re)insurers due to ‘limited’ exposure: Fitch

California fire losses for Japan’s big 3, Korea’s DB Insurance likely to top US$600m

Tokio Marine Holdings, MS&AD Insurance Group and Sompo Holdings could see claims of up to US$575m, according to media reports, while DB Insurance has estimated US$41m.

Chubb elevates Carles Tondo as head of property and technical lines in Singapore

In his new role, Tondo will be responsible for fire, terrorism, construction, power generation and energy. 

Indian non-life insurers grow premiums by 12.8% to US$34bn in 2023-24

Health insurance reported 19.5% growth, while the motor segment saw a year-on-year premiums growth of 13%.

Firefighting levy on New Zealand insurance premiums finalised

The revised levy, which is a primary funding mechanism for Fire and Emergency New Zealand, will be effective from July 2026.