Asia Pacific
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Millions are evacuating after one of the strongest earthquakes in modern history. -
Insured losses produced the second highest first-half tally since records began in 1980.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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The company has also opened a fac office in Singapore.
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The carriers remain in takeover negotiations but have not reached a decision around valuation.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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The expansive broker now employs over 450 people in Japan, after launching there in 2024.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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The firm believes UK support for policyholders is under-served compared with the US.
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Sources told this publication the hull of the aircraft is valued at $80mn.
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The man is alleged to have conspired with others to falsify LOCs and collateral letters.
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