Reinsurance News
SEADRIF
SEADRIF and AHA Centre sign agreement to advance disaster risk financing in Southeast Asia
27th March 2026
The Southeast Asia Disaster Risk Insurance Facility (SEADRIF) Insurance Company, a regional initiative supporting disaster risk financing solutions, and the ASEAN Coordinating Centre for Humanitarian Assistance on disaster management (AHA Centre), the regional body for disaster response coordination, has recently entered into a Memorandum of Intent (MoI) in Bali, Indonesia. The ... Read the full article
Four leading development risk pools consider joint reinsurance and risk finance platform
2nd March 2026
The four leading development insurer parametric risk pools — Pacific Catastrophe Risk Insurance Company (PCRIC), African Risk Capacity (ARC), Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC), and Southeast Asia Disaster Risk Insurance Facility (SEADRIF) — have agreed to examine the feasibility of a shared risk finance and reinsurance platform designed ... Read the full article
Subramaniam and Varbanov to lead SEADRIF-SAFE taskforce as independent Co-Chairs
9th February 2026
The Southeast Asia Disaster Risk Facility (SEADRIF) Insurance Company has appointed Dr. Ramesh Subramaniam and Lubomir Varbanov as independent Co-Chairs to lead the SEADRIF Sovereign Asset and Fiscal Empowerment (SEADRIF-SAFE) Task Force. Championed by the Philippines and Japan as 2026 co-chairs of ASEAN+3, SAFE will integrate disaster insurance directly into infrastructure ... Read the full article
SEADRIF looking at risk pool expansion to cover public assets
30th October 2025
The Department of Finance (DOF), the Philippine government agency responsible for managing the country’s fiscal policies, public finances, and economic resilience, is leading a new regional initiative aimed at helping Southeast Asian nations protect vital public assets and sustain essential services in the aftermath of natural disasters. This regional effort demonstrates ... Read the full article
SEADRIF’s new parametric policy delivers $2m payout to Lao PDR
4th September 2025
The SEADRIF Insurance Company made a payout of $2 million to the Ministry of Finance of Lao PDR on 1st September 2025, under a first-of-its-kind policy that uses official government data on the number of people affected as the sole payout trigger, after 305,196 people were impacted by multiple disaster ... Read the full article
Gallagher Re structures and places $16m multi-peril parametric policy for SEADRIF and Lao PDR
18th July 2025
Reinsurance broker Gallagher Re, on behalf of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), has structured and placed a re/insurance programme for the government of Lao PDR. The two-year policy expands the original 2021 flood-only placement to include additional perils such as typhoons, earthquakes, and landslides. It was ... Read the full article
Parametric risk pools secure €4.7m grant to enhance climate resilience collaboration
16th April 2025
Four Regional Risk Pools have signed a joint grant agreement with the Global Shield Solutions Platform (GSSP) for €4.7 million to put shared commitments into action. Signed by the African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (the Catastrophe Risk Insurance Facility of the Caribbean and Central America), the Pacific Catastrophe ... Read the full article
Chua named SEADRIF’s Implementation and Program Development Specialist
24th March 2025
The Southeast Asia Disaster Risk Facility (SEADRIF) Insurance Company has announced the appointment of Shannen Nicole Chua as the Implementation and Program Development Specialist. In her new role, Chua, who will be crucial in driving the company's growth, will lead SEADRIF’s the implementation of the work program with the Philippine government ... Read the full article
SEADRIF and FAO push for Southeast Asia Agricultural Risk Finance Facility
25th February 2025
The Southeast Asia Disaster Risk Insurance Facility (SEADRIF) and the Food and Agriculture Organization of the United Nations (FAO) have reportedly collaborated with six ASEAN nations to explore options for creating a Southeast Asia Agricultural Risk Finance Facility. According to SEADRIF, climate shocks threaten Southeast Asia's agrifood systems, where more than ... Read the full article
SEADRIF makes $3m payout to support provinces in Lao PDR following Typhoon Yagi
1st October 2024
SEADRIF Insurance Company has made a record total payout of US$3 million to support the provinces in Lao PDR impacted by the passage of Typhoon Yagi, which has been called Asia’s most powerful storm this year. The extended flood impact triggered a second payout of $2.25 million on September 30, Read the full article
SEADRIF Insurance makes US$750k payout to support Lao PDR’s recovery efforts following Typhoon Yagi
24th September 2024
SEADRIF Insurance Company has made a payout of US$750,000 to support the eight provinces in Lao PDR devastated by the passage of Typhoon Yagi, which has been called Asia’s most powerful storm this year. According to the announcement, the funds will aid Lao PDR’s recovery efforts and help the government reach ... Read the full article
SEADRIF bolsters team with two senior appointments
20th August 2024
The Southeast Asia Disaster Risk Facility (SEADRIF) Insurance Company has appointed Heddy Pritasa as a Board Member, while Dr. Yoshihiro Kawai, with the Council of Members' endorsement, will assume the new role of SEADRIF Initiative Director in August 2024. Pritasa is an industry veteran with over three decades of experience in ... Read the full article
Benedikt Signer named SEADRIF Exec Dic and Board Member
1st August 2024
SEADRIF Insurance Company has announced the appointment of Benedikt Signer as Executive Director and Board Member. Signer brings a wealth of knowledge and experience in Disaster Risk Finance, combined with deep insights from his extensive experience working with governments and development partners in Southeast Asia. In his new role, Signer will oversee ... Read the full article
SEADRIF adds industry veteran Su Hoong Chang to its Board
5th July 2024
SEADRIF Insurance Company has appointed Su Hoong Chang as Board Director, effective June 20, 2024. Based in Singapore, Chang has over three decades of experience across the sector, bringing a deep degree of expertise and insights from her previous work with regulatory bodies, international financial institutions, and national authorities. In her most ... Read the full article
SEADRIF appoints Ellen Yong as COO and CFO
19th December 2023
Southeast Asia Disaster Risk Facility (SEADRIF) Insurance Company has appointed Ellen Yong as its Chief Operating and Financial Officer, based out of Singapore. SEADRIF provides catastrophe risk insurance coverage to participating ASEAN countries and serves as an instrumental entity to the SEADRIF Initiative. The company is licensed as a general insurance company ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
