The key resource for accurate, insightful and reliable coverage of Asia’s insurance and reinsurance market. A cyclone warning has been issued for Australia's Northern Territory, including Darwin, the capital and largest city, with Tropical Cyclone Fina "likely reintensifying and restrengthening".
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HDI Global, Willis, China Re, Axa XL, Hannover Re and Global Asia Insurance Partnership also made personnel changes over the last week. Tokio Marine's deal to acquire Commodity & Ingredient Hedging (CIH) marks the insurer's second US acquisition this month. Rhodian Group launched its sixth agency within Australian underwriting network as a new specialty MGA.
The text mentions that the hike would apply to P&I and freight, demurrage and defence (FD&D) policies. Cybersecurity is described as no longer just an IT concern, but a governance issue that belongs on the boardroom agenda. The insurance industry is urged to recalibrate, invest in innovation, and strengthen systems, talent, and data practices.
Summary: Tropical Cyclone Fina is expected to intensify again, prompting warnings for Darwin and highlighting broader themes in the insurance sector, including mergers, agency expansions, and governance-focused cybersecurity investments.