https://www.scmp.com/rss/521899/feed Swiss Re: A leading global reinsurance company headquartered in Zurich, Switzerland, with operations across numerous countries. It specialises in Property & Casualty, Life & Health reinsurance, and Corporate Solutions, offering commercial insurance and risk transfer services. Serving insurance companies, large corporations, and public entities, Swiss Re is renowned for its strong market position, technical expertise, and commitment to making the world more resilient. The company focuses on... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang Julie Zhang The Asia-Pacific region presents insurers with substantial growth opportunities when it comes to covering climate-related risks, according to Swiss Re, one of the world’s largest reinsurers. Victor Kuk, Swiss Re’s head of property and casualty reinsurance in Southeast Asia, India, Korea, Hong Kong and Taiwan, said that only 16 per cent of climate-related risks in the region were presently insured. Kuk spoke on Tuesday at the Climate Business Forum: Asia Pacific, hosted by the International... https://www.scmp.com/business/banking-finance/article/3324929/asia-pacific-presents-major-climate-related-insurance-opportunities-swiss-re?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324929/asia-pacific-presents-major-climate-related-insurance-opportunities-swiss-re?utm_source=rss_feed Tue, 09 Sep 2025 12:58:38 +0000 Enoch Yiu Enoch Yiu This week’s record-breaking deluge may rank among Hong Kong’s costliest natural disasters for insurers, as the owners of cars and properties started to submit claims for damages caused by 11 hours of the highest category of rainstorm. The payouts may top the damages caused by last month’s Typhoon Wipha, but will be less than the HK$1.54 billion (US$196.2 million) havoc wrought by the last black rainstorm in September 2023, thanks to the mitigating measures taken by the government and business... https://www.scmp.com/business/banking-finance/article/3320958/2025-black-rainstorm-may-be-among-hong-kongs-costliest-natural-disasters-insurance?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3320958/2025-black-rainstorm-may-be-among-hong-kongs-costliest-natural-disasters-insurance?utm_source=rss_feed Wed, 06 Aug 2025 10:30:07 +0000 Reuters Reuters More than a thousand schools were closed in France on Tuesday, and the top floor of the Eiffel Tower was shut to tourists as a severe heatwave continued to grip Europe, triggering health alerts across the region. The Mediterranean Sea was up to 6 degrees Celsius warmer than usual for the time of year, hitting a record of as much as 30 degrees Celsius (86 degrees Fahrenheit) in Spain’s Balearic Sea as a heat dome trapped hot air above Europe, the country’s Aemet weather forecaster said. Europe is... https://www.scmp.com/news/world/europe/article/3316532/france-shuts-schools-top-eiffel-tower-heatwave-grips-europe?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3316532/france-shuts-schools-top-eiffel-tower-heatwave-grips-europe?utm_source=rss_feed Tue, 01 Jul 2025 10:46:40 +0000 Reuters Reuters Firefighters battled wildfires in Turkey and France on Monday, and more than 50,000 people were evacuated as an early summer heatwave hit Europe. Health alerts were issued in France, Spain, Italy, Portugal and Germany. Even the Netherlands, used to a milder climate, issued a warning for high temperatures in the coming days, coupled with high humidity. “Large parts of Western Europe are experiencing extreme heat and heatwave conditions that are normally observed in July or August, rather than... https://www.scmp.com/news/world/europe/article/3316418/europe-sweltering-under-awful-record-breaking-heatwave-wildfires-rage-france-turkey?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3316418/europe-sweltering-under-awful-record-breaking-heatwave-wildfires-rage-france-turkey?utm_source=rss_feed Mon, 30 Jun 2025 13:12:07 +0000