-
Financial lines rate reduction should bottom out as potential large losses loom: Frontier Global’s Joel Pridmore
Sector faces significant challenges, including major litigation such as class actions, regulatory scrutiny of Australian superannuation funds, cyber events, greenwashing, and the risk of under-reserving.
-
-
Great Eastern minority shareholders reject majority owner OCBC’s take-private offer
Shareholders have approved amendments to the constitution and bonus issue as a pathway to resume trading of the insurer's shares.
Great Eastern minority shareholders reject majority owner OCBC’s take-private offer
Shareholders have approved amendments to the constitution and bonus issue as a pathway to resume trading of the insurer's shares.
Shareholders have approved amendments to the constitution and bonus issue as a pathway to resume trading of the insurer's shares.
-
Howden expands Pacific footprint with acquisition of Kiwi broker Sherpa
Acquisition of the Christchurch-based broker will complement and strengthen Howden’s combined broking business in New Zealand.
Howden expands Pacific footprint with acquisition of Kiwi broker Sherpa
Acquisition of the Christchurch-based broker will complement and strengthen Howden’s combined broking business in New Zealand.
Acquisition of the Christchurch-based broker will complement and strengthen Howden’s combined broking business in New Zealand.
-
India mandates Ace Insurance Brokers to study feasibility of local P&I club setup: report
The move comes two years after finance ministry flagged the need for establishing a full-fledged, India-owned P&I entity.
India mandates Ace Insurance Brokers to study feasibility of local P&I club setup: report
The move comes two years after finance ministry flagged the need for establishing a full-fledged, India-owned P&I entity.
The move comes two years after finance ministry flagged the need for establishing a full-fledged, India-owned P&I entity.
-
MSIG Malaysia CEO Chua Seck Guan retires after 15 years at helm; Ang Yien Chia named successor
Chua will continue to serve in a senior advisory capacity, helping to maintain continuity across strategic initiatives and key stakeholder relationships.
MSIG Malaysia CEO Chua Seck Guan retires after 15 years at helm; Ang Yien Chia named successor
Chua will continue to serve in a senior advisory capacity, helping to maintain continuity across strategic initiatives and key stakeholder relationships.
Chua will continue to serve in a senior advisory capacity, helping to maintain continuity across strategic initiatives and key stakeholder relationships.
-
Marsh Indonesia promotes Jason Mandera to president director following Douglas Ure’s departure
Jarkata-based Mandera, has been with broker for about 16 years, and was most recently head of specialty and placement.
Marsh Indonesia promotes Jason Mandera to president director following Douglas Ure’s departure
Jarkata-based Mandera, has been with broker for about 16 years, and was most recently head of specialty and placement.
Jarkata-based Mandera, has been with broker for about 16 years, and was most recently head of specialty and placement.
-
Cambiaso Risso expands to Hong Kong, eyes Philippines entry
Italian marine broker's new office in the SAR will be led by Swedish Club's Lars Malm and service the greater China region.
Cambiaso Risso expands to Hong Kong, eyes Philippines entry
Italian marine broker's new office in the SAR will be led by Swedish Club's Lars Malm and service the greater China region.
Italian marine broker's new office in the SAR will be led by Swedish Club's Lars Malm and service the greater China region.
-
Swedish Club appoints Julia Ju as chief executive of Hong Kong branch as Lars Malm departs
The P&I club has also appointed Jason Wu as regional director for underwriting in greater China.
Swedish Club appoints Julia Ju as chief executive of Hong Kong branch as Lars Malm departs
The P&I club has also appointed Jason Wu as regional director for underwriting in greater China.
The P&I club has also appointed Jason Wu as regional director for underwriting in greater China.
-
China’s ZhongAn raises US$500m via secondary placement in Hong Kong
The proceeds will primarily support the Chinese digital carrier's core insurance and asset management business.
China’s ZhongAn raises US$500m via secondary placement in Hong Kong
The proceeds will primarily support the Chinese digital carrier's core insurance and asset management business.
The proceeds will primarily support the Chinese digital carrier's core insurance and asset management business.
-
Howden taps FM veteran Hamish Ravindran as chief client officer for Asia
Singapore-based Ravindran joins the broker after nearly 23 years at the commercial property insurer.
Howden taps FM veteran Hamish Ravindran as chief client officer for Asia
Singapore-based Ravindran joins the broker after nearly 23 years at the commercial property insurer.
Singapore-based Ravindran joins the broker after nearly 23 years at the commercial property insurer.
-
AIG hires Allison Emery in newly created Pacific delegated underwriting authority lead role
Sydney-based Emery joins the insurer from Lockton, where she was head of market management and key partnerships.
AIG hires Allison Emery in newly created Pacific delegated underwriting authority lead role
Sydney-based Emery joins the insurer from Lockton, where she was head of market management and key partnerships.
Sydney-based Emery joins the insurer from Lockton, where she was head of market management and key partnerships.
-
Howden appoints Edmund Arghand as head of credit, political risk and surety for Asia
Arghand, who joins from BMS in London, will lead the team in Singapore, with a particular focus on structured credit.
Howden appoints Edmund Arghand as head of credit, political risk and surety for Asia
Arghand, who joins from BMS in London, will lead the team in Singapore, with a particular focus on structured credit.
Arghand, who joins from BMS in London, will lead the team in Singapore, with a particular focus on structured credit.
-
FWD Group debuts on Hong Kong stock exchange
Hong Kong insurer raised US$445m from the IPO, valuing the company at over US$6bn.
FWD Group debuts on Hong Kong stock exchange
Hong Kong insurer raised US$445m from the IPO, valuing the company at over US$6bn.
Hong Kong insurer raised US$445m from the IPO, valuing the company at over US$6bn.
Popular posts:
- Aon’s reinsurance solutions mixes up Asia team
- Qantas cyber breach to create turbulence for insureds and insurers, but losses could fly under the radar
- QBE Asia amps up wholesale team with 2 senior leadership appointments
- ‘Reinsurers have been quite clear that they’re still looking to grow’: Gallagher Re’s Heather Bone
-
Qantas cyber breach to create turbulence for insureds and insurers, but losses could fly under the radar
AIG-led cyber program placed by Marsh is unlikely to be significantly hit, industry sources told InsuranceAsia News.
-
Regional risk concerns for ‘fourth utility’ as data centres seek answers to perils threat
Threat of cyber attack or system failure has been a focus for risk management systems, but physical risks, such as natural disasters, power failures and physical security risks, are often less understood.
-
‘Reinsurers have been quite clear that they’re still looking to grow’: Gallagher Re’s Heather Bone
At the July 1 renewals, while supply was abundant, demand is falling given increasing consolidation in Australia’s insurance industry.
-
Nuclear fusion is the next frontier for insurers, but collaboration essential amid sustainable energy push
China, alongside the UK, US, and Germany, are the leading nations in the global drive to create fusion power.
Between The Lines
A fortnightly podcast that unpacks the pivotal stories and trends shaping the (re)insurance industry across Asia Pacific.
Spotlight
-
New Australian MGA says collaboration key for D&O risks ‘no one else will touch’
-
‘Asia is core to our strategy’: Swedish Club out to ‘broaden footprint’, with China and India on the radar
-
Trade credit insurance in high demand amid uncertain times, but pricing anomaly emerges: Coface’s Hugh Burke
-
‘APAC players are very engaged in ILS’: Twelve Securis seeks to fill the gap as cat bonds peak interest
-
Putting Markel on the map: International president Andrew McMellin eyes US$500m APAC premiums written by 2030
M&A
-
Howden expands Pacific footprint with acquisition of Kiwi broker Sherpa
-
Ardonagh strengthens Asia footprint with majority stake in Hong Kong-based Apex
-
Howden acquires majority stake in Japanese retail broker Holos Holdings
-
South Korea’s DB Insurance leading the race for US insurer Fortegra: reports
-
Korea mulls restarting MG Non-Life sale process, but will persist with liquidation process: reports
ESG
-
‘You can’t do it as a hobby’: ESG must be a clear business model with easily measurable targets
-
Carbon specialist Kita expands into Australia
-
Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’
-
With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
-
Aon strengthens Asia natural resources team with senior hire
-
Energy market presents unique risks, especially in a region which includes China and Japan as well as developing nations like Vietnam and the Philippines.
-
Businesses are facing a complex transition to non-carbon energy sources amid a push to achieve net-zero emissions for the marine sector by 2050.
-
Howden appoints Edmund Arghand as head of credit, political risk and surety for Asia
Arghand, who joins from BMS in London, will lead the team in Singapore, with a particular focus on structured credit.
-
Lockton appoints Shubhangi Pathak as director for transactional lines in India
Delhi-based Pathak is a corporate lawyer, bringing in over 16 years of experience, specialising in M&A.
-
Aon’s reinsurance solutions mixes up Asia team
Tom Greenaway has been promoted to the role of Asia strategic growth leader. with SP Hong and Jay Choi also added to the team.
-
Markel hires Joanna Quigan as senior underwriter for professional and financial risks
She will be based in Melbourne and report to Kym Beazleigh, head of professional and financial risks.
-
MSIG Malaysia CEO Chua Seck Guan retires after 15 years at helm; Ang Yien Chia named successor
Chua will continue to serve in a senior advisory capacity, helping to maintain continuity across strategic initiatives and key stakeholder relationships.
-
Marsh Indonesia promotes Jason Mandera to president director following Douglas Ure’s departure
Jarkata-based Mandera, has been with broker for about 16 years, and was most recently head of specialty and placement.
-
Cambiaso Risso expands to Hong Kong, eyes Philippines entry
Italian marine broker's new office in the SAR will be led by Swedish Club's Lars Malm and service the greater China region.
-
Swedish Club appoints Julia Ju as chief executive of Hong Kong branch as Lars Malm departs
The P&I club has also appointed Jason Wu as regional director for underwriting in greater China.
-
Howden taps FM veteran Hamish Ravindran as chief client officer for Asia
Singapore-based Ravindran joins the broker after nearly 23 years at the commercial property insurer.
-
AIG hires Allison Emery in newly created Pacific delegated underwriting authority lead role
Sydney-based Emery joins the insurer from Lockton, where she was head of market management and key partnerships.
-
Howden appoints Edmund Arghand as head of credit, political risk and surety for Asia
Arghand, who joins from BMS in London, will lead the team in Singapore, with a particular focus on structured credit.
-
Lockton appoints Shubhangi Pathak as director for transactional lines in India
Delhi-based Pathak is a corporate lawyer, bringing in over 16 years of experience, specialising in M&A.
-
Aon’s reinsurance solutions mixes up Asia team
Tom Greenaway has been promoted to the role of Asia strategic growth leader. with SP Hong and Jay Choi also added to the team.
-
Markel hires Joanna Quigan as senior underwriter for professional and financial risks
She will be based in Melbourne and report to Kym Beazleigh, head of professional and financial risks.
-
MSIG Malaysia CEO Chua Seck Guan retires after 15 years at helm; Ang Yien Chia named successor
Chua will continue to serve in a senior advisory capacity, helping to maintain continuity across strategic initiatives and key stakeholder relationships.
-
Marsh Indonesia promotes Jason Mandera to president director following Douglas Ure’s departure
Jarkata-based Mandera, has been with broker for about 16 years, and was most recently head of specialty and placement.
-
Cambiaso Risso expands to Hong Kong, eyes Philippines entry
Italian marine broker's new office in the SAR will be led by Swedish Club's Lars Malm and service the greater China region.
-
Swedish Club appoints Julia Ju as chief executive of Hong Kong branch as Lars Malm departs
The P&I club has also appointed Jason Wu as regional director for underwriting in greater China.
-
Hong Kong premium growth and claim frequency are converging to normal level: HKIA
According to 2023 data from the regulator, the SAR's general insurance business reported the worst overall loss ratio in five years at 62.8%, while COR sank to a near five-year low after an 8.3 percentage point deterioration year-on-year.
-
APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth
While the upswing in trade is expected to help premium growth and and the overall claims impact remained stable, uncertainty posed by geopolitical tensions and regional economic outlook could impact the sector.
-
Australian underwriters incur 23% lower public liability claims in 2023
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
-
Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
-
Hong Kong’s P&C reinsurance market narrows gap with Singapore
Hong Kong benefitted from RBC implementation in 2024, however, Singapore retained top spot in terms of GWP and underwriting results.
-
Short-tail performance boost for Australia’s P&C carriers
APRA data shows general insurance COR improves in Q4 2024, while profit after tax almost doubles to US$1bn.
-
Australian intermediated premiums grow 8.2% in 2023-24
While the GWP placed with Lloyd’s in the 12 months grew at a comparable pace, business placed with unauthorised foreign insurers declined marginally.
-
Alternative risk solutions on the table for non-modelled perils at 1.1 renewals
The APAC reinsurance market is transitioning from a market of corrections to a market of solutions, Tony Gallagher, CEO, Asia Pacific, Guy Carpenter tells InsuranceAsia News.
-
Hong Kong premium growth and claim frequency are converging to normal level: HKIA
According to 2023 data from the regulator, the SAR's general insurance business reported the worst overall loss ratio in five years at 62.8%, while COR sank to a near five-year low after an 8.3 percentage point deterioration year-on-year.
-
APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth
While the upswing in trade is expected to help premium growth and and the overall claims impact remained stable, uncertainty posed by geopolitical tensions and regional economic outlook could impact the sector.
-
Australian underwriters incur 23% lower public liability claims in 2023
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
-
Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
-
Hong Kong’s P&C reinsurance market narrows gap with Singapore
Hong Kong benefitted from RBC implementation in 2024, however, Singapore retained top spot in terms of GWP and underwriting results.
-
Short-tail performance boost for Australia’s P&C carriers
APRA data shows general insurance COR improves in Q4 2024, while profit after tax almost doubles to US$1bn.
-
Australian intermediated premiums grow 8.2% in 2023-24
While the GWP placed with Lloyd’s in the 12 months grew at a comparable pace, business placed with unauthorised foreign insurers declined marginally.
-
Alternative risk solutions on the table for non-modelled perils at 1.1 renewals
The APAC reinsurance market is transitioning from a market of corrections to a market of solutions, Tony Gallagher, CEO, Asia Pacific, Guy Carpenter tells InsuranceAsia News.
Insurance broker market in Asia
Neelay Patel, Managing Director & Head of Growth, Asia at Aon
Construction market insurance trends in Asia
Vincent Banton, Head of Construction & Infrastructure, Asia at Aon
Managing health portfolios in South-East Asia
Dr Kumud Bordoloi, Head of A&H at Peak ReIndustry insights and in-depth analysis
Our reports take deep dives into a variety of themes with comments from leading practitioners, data and proprietary analytics. Keep on top of the latest market trends and discover opportunities with our reports.
IFRS 17: "Rather than looking for temporary workarounds and tactical solutions, the efficiency of the whole end-to-end (E2E) financial reporting chain will need to be reengineered."
Martyn van Wensveen, EY