Assessing catastrophe

Ramesh Subramaniam, deputy director-general, Southeast Asia, for the Asian Development Bank, tells FinanceAsia that the Philippine government will need help to pay for reconstruction in the wake of Typhoon Haiyan.

The strongest storm of 2025 is causing widespread disruption in the region across Hong Kong, Taiwan, the Philippines, southern and eastern China, Macau and Vietnam.

The Korean insurer is increasing ownership of the specialty (re)insurer to 80.6%, while KKR and the Korea Investment Corporation will hold 12.1% and 7.3%, respectively.

The buoyancy in the sector is being driven by multiple factors, including regulatory shifts, policy support, and debt capital market activity in the city.

The Japanese digital payments platform is acquiring a 70.2% stake in T&D Holdings’ life insurance unit, marking its push into life insurance as it expands beyond payments, cards, banking and securities. One Investment Management is also part of the deal.