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Perth bushfires put lives and homes under threat, as Moody’s warns of a complex situation
Cat modeller says recent bushfires in New South Wales highlights the complexity of managing bushfires risk in Australia and the risk of secondary ignitions.
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Survivors of Typhoon Odette sue Shell seeking corporate liability for climate-related losses
The lawsuit, filed in London, argues Shell’s historic emissions materially intensified Super Typhoon Odette’s landing in December 2021.
Survivors of Typhoon Odette sue Shell seeking corporate liability for climate-related losses
The lawsuit, filed in London, argues Shell’s historic emissions materially intensified Super Typhoon Odette’s landing in December 2021.
The lawsuit, filed in London, argues Shell’s historic emissions materially intensified Super Typhoon Odette’s landing in December 2021.
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Arch Insurance Australia unveils key leadership appointments
Joe Donovan has been named deputy regional manager, while Marita Elliott has been promoted to head of underwriting operations and compliance.
Arch Insurance Australia unveils key leadership appointments
Joe Donovan has been named deputy regional manager, while Marita Elliott has been promoted to head of underwriting operations and compliance.
Joe Donovan has been named deputy regional manager, while Marita Elliott has been promoted to head of underwriting operations and compliance.
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Aon taps Marsh’s James Harmer as head of global and corporate for Australia
Harmer spent over three years as a broker with Aon's political risk and structured credit team in London until October 2013 before he moved home to Sydney in 2014.
Aon taps Marsh’s James Harmer as head of global and corporate for Australia
Harmer spent over three years as a broker with Aon's political risk and structured credit team in London until October 2013 before he moved home to Sydney in 2014.
Harmer spent over three years as a broker with Aon's political risk and structured credit team in London until October 2013 before he moved home to Sydney in 2014.
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ACCC opposes IAG’s deal for RAC Insurance
Australia's antitrust regulator says the deal would undermine competition in Western Australia in home and motor insurance, but the insurer intends to contest the decision.
ACCC opposes IAG’s deal for RAC Insurance
Australia's antitrust regulator says the deal would undermine competition in Western Australia in home and motor insurance, but the insurer intends to contest the decision.
Australia's antitrust regulator says the deal would undermine competition in Western Australia in home and motor insurance, but the insurer intends to contest the decision.
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Descartes shakes things up with Japan earthquake launch, treaty parametric push to drive APAC growth
As traditional cat reinsurance tightens and retentions harden, Descartes is betting big on parametric covers, fresh capacity, and Japan as a launchpad for change, APAC head Ben Qin tells InsuranceAsia News.
Descartes shakes things up with Japan earthquake launch, treaty parametric push to drive APAC growth
As traditional cat reinsurance tightens and retentions harden, Descartes is betting big on parametric covers, fresh capacity, and Japan as a launchpad for change, APAC head Ben Qin tells InsuranceAsia News.
As traditional cat reinsurance tightens and retentions harden, Descartes is betting big on parametric covers, fresh capacity, and Japan as a launchpad for change, APAC head Ben Qin tells InsuranceAsia News.
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PICC vice president resigns amid state investigation into disciplinary breach
Zhang Daoming named temporary responsible officer for the state-backed insurer following Yu Ze's resignation.
PICC vice president resigns amid state investigation into disciplinary breach
Zhang Daoming named temporary responsible officer for the state-backed insurer following Yu Ze's resignation.
Zhang Daoming named temporary responsible officer for the state-backed insurer following Yu Ze's resignation.
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Japan downgrades loss estimates from a potential Tokyo earthquake to US$530bn
A 7.3-magnitude earthquake hitting the metropolitan area could also kill 18,000 people in the worst-case scenario, the draft government estimate showed.
Japan downgrades loss estimates from a potential Tokyo earthquake to US$530bn
A 7.3-magnitude earthquake hitting the metropolitan area could also kill 18,000 people in the worst-case scenario, the draft government estimate showed.
A 7.3-magnitude earthquake hitting the metropolitan area could also kill 18,000 people in the worst-case scenario, the draft government estimate showed.
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Sompo boosts Hong Kong underwriting structure with double promotion
Ophelia Szeto and Jessica Lai will assume their new roles with the insurer from January 1.
Sompo boosts Hong Kong underwriting structure with double promotion
Ophelia Szeto and Jessica Lai will assume their new roles with the insurer from January 1.
Ophelia Szeto and Jessica Lai will assume their new roles with the insurer from January 1.
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The Standard Club Asia goes into run-off as all renewals switch to NorthStandard
All insurance business previously underwritten by The Standard Club Asia will be renewed into NorthStandard from February 20.
The Standard Club Asia goes into run-off as all renewals switch to NorthStandard
All insurance business previously underwritten by The Standard Club Asia will be renewed into NorthStandard from February 20.
All insurance business previously underwritten by The Standard Club Asia will be renewed into NorthStandard from February 20.
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HDI Global eyes ‘one-stop shop’ with further hires, product launches in Southeast Asia
Cristiano Pizzocheri, head of market management for Southeast Asia, South Asia, and the Middle East in Singapore, tells InsuranceAsia News that the insurer plans to add more staff in Singapore in 2026 and bring financial lines, A&H, cyber products to the region.
HDI Global eyes ‘one-stop shop’ with further hires, product launches in Southeast Asia
Cristiano Pizzocheri, head of market management for Southeast Asia, South Asia, and the Middle East in Singapore, tells InsuranceAsia News that the insurer plans to add more staff in Singapore in 2026 and bring financial lines, A&H, cyber products to the region.
Cristiano Pizzocheri, head of market management for Southeast Asia, South Asia, and the Middle East in Singapore, tells InsuranceAsia News that the insurer plans to add more staff in Singapore in 2026 and bring financial lines, A&H, cyber products to the region.
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Over half of US$10bn losses from recent Southeast Asian floods attributable to business interruption: Moody’s
Modelling specialist noted that some atmospheric indicators suggest that parts of Southeast Asia are already experiencing La Niña-like conditions.
Over half of US$10bn losses from recent Southeast Asian floods attributable to business interruption: Moody’s
Modelling specialist noted that some atmospheric indicators suggest that parts of Southeast Asia are already experiencing La Niña-like conditions.
Modelling specialist noted that some atmospheric indicators suggest that parts of Southeast Asia are already experiencing La Niña-like conditions.
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Japan issues megaquake alert after 7.5-magnitude earthquake
There is a slight increase in risk of a magnitude 8-level quake and possible tsunami occurring along Japan’s northeastern coast from Chiba, just east of Tokyo, to Hokkaido, according to the Japan Meteorological Agency.
Japan issues megaquake alert after 7.5-magnitude earthquake
There is a slight increase in risk of a magnitude 8-level quake and possible tsunami occurring along Japan’s northeastern coast from Chiba, just east of Tokyo, to Hokkaido, according to the Japan Meteorological Agency.
There is a slight increase in risk of a magnitude 8-level quake and possible tsunami occurring along Japan’s northeastern coast from Chiba, just east of Tokyo, to Hokkaido, according to the Japan Meteorological Agency.
Popular posts:
- Japan issues megaquake alert after 7.5-magnitude earthquake
- Guy Carpenter wins Singaporean lawsuit against ex-employees, LK Re for using unlawful means to lure client
- Steadfast shares rise following report of Blackstone interest
- Japan downgrades loss estimates from a potential Tokyo earthquake to US$530bn
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P&I clubs all at sea ahead of renewals as they seek to navigate new claims normal
International Group of P&I Clubs are eyeing premium increases ranging from 4-8% in February's renewals.
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Tighter solvency regimes, market disruptions driving Asian demand for structured solutions: Swiss Re’s Kaspar Mueller
Capital motivation, volatility protection and leveraging capital for growth are key motivations for cedent's seeking structured programs, the reinsuer's CUO for structured solutions says.
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Consolidation unlikely to slow amid shifting, costly regulatory landscape: Helvetia CEO Fabian Rupprecht
Data centres, natural catastrophes and robotics 'are real opportunities' for growth, he also tells InsuranceAsia News.
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Singapore must be ‘go-to-place’ for Asian clients, WTW Asia cargo head Oliver Scarr says
Facing increasing competition from London market, the hub needs to provide solutions to complex and challenging marine risks as accounts migrate.
Between The Lines
A fortnightly podcast that unpacks the pivotal stories and trends shaping the (re)insurance industry across Asia Pacific.
Spotlight
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Descartes shakes things up with Japan earthquake launch, treaty parametric push to drive APAC growth
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HDI Global eyes ‘one-stop shop’ with further hires, product launches in Southeast Asia
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Not resting on their laurels, people-powered Miller eyes seat at South Korea’s top table
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After Hong Kong and Singapore’s flying start, Malaysian Re mulls ILS market entry amid ‘early stage’ discussions
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‘We’re built to last’: Everest Re’s Kevin Bogardus on Asia growth with diversification, client focus key
M&A
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ACCC opposes IAG’s deal for RAC Insurance
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Mitsui Sumitomo to get WR Berkley board seat after 12.5% stake acquisition
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Steadfast shares rise following report of Blackstone interest
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Tiptree shareholders approve US$1.65bn Fortegra sale to South Korea’s DB Insurance
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APAC M&A outlook optimistic as turbulence creates value, WTW says
ESG
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Carbon credit specialist Oka launches in Singapore
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‘You can’t do it as a hobby’: ESG must be a clear business model with easily measurable targets
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Carbon specialist Kita expands into Australia
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Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’
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With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
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Cybersecurity is no longer just an IT concern, but a governance issue that belongs on the boardroom agenda.
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Insurance industry needs to recalibrate, invest in innovation and strengthen systems, talent and data practices.
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Arch Insurance Australia unveils key leadership appointments
Joe Donovan has been named deputy regional manager, while Marita Elliott has been promoted to head of underwriting operations and compliance.
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Aon taps Marsh’s James Harmer as head of global and corporate for Australia
Harmer spent over three years as a broker with Aon's political risk and structured credit team in London until October 2013 before he moved home to Sydney in 2014.
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PICC vice president resigns amid state investigation into disciplinary breach
Zhang Daoming named temporary responsible officer for the state-backed insurer following Yu Ze's resignation.
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Sompo boosts Hong Kong underwriting structure with double promotion
Ophelia Szeto and Jessica Lai will assume their new roles with the insurer from January 1.
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Aaron Shead becomes head of property for Chubb’s overseas general insurance business
He has been with the US insurer for over 25 years in Asia, Bermuda and the UK.
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Angie Siu to lead Latitude Brokers’ Hong Kong teams after WTW switch
Hong Kong-based Siu joins from WTW, where she spent over 8 years, most recently as director, marine.
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Aon taps Manulife’s Ben Jones as APAC COO
Singapore-based Jones had confirmed his departure from Manulife in a LinkedIn update last month.
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Axa XL India snaps up Vishal Singh Rana as construction underwriter
Former civil and tunnel engineer previously worked for Prudent Insurance Brokers and Munich Re.
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Specialist Australian insurer Eclipse names Andrew Hookings as senior casualty underwriter
Sydney-based Hookings brings over 25 years of experience across the insurance industry, with a background spanning claims, property, and distribution.
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IAG hires Phillip Gibson as CEO of New Zealand
Former Aviva Canada executive will join IAG New Zealand in March, replacing Amanda Whiting.
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W&I: "W&I is now being utilised with increasing frequency across a far broader range of deal sizes and geographies in the region. Coverage terms have broadened, retentions have fallen, and underwriting processes are being continually refined to become increasingly streamlined."
Keshaya Yap, Liberty Global Transaction Solutions
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Nuclear: "The insurance sector is poised to play a central and enabling role in Asia’s nuclear expansion. As countries in the region move from exploration to active planning and construction – especially with a focus on SMRs – they will require innovative risk transfer solutions."
Clifford Blayney, Markel International
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Lloyd’s Asia surpasses US$1bn GWP milestone in 2024 amid double-digit growth
Offshore fund demonstrates strong performance despite challenges in the Singapore unit and varied underwriting results across business lines.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Cyber insurance has a long way to go to reach next level, says WTW’s Carlos Grijalva, amid soaring demand in Asia
Carlos Grijalva, cyber leader for Hong Kong and greater China at WTW, talks to InsuranceAsia News about the development of the cyber market in Asia.
Building resilience, mitigating risk in APAC’s commercial property insurance market
Martin Au-Yeung, vice president and division underwriting manager at FM, talks to InsuranceAsia News.
Marine: "Post-pandemic machinery-related losses have become an even more significant issue. Mechanical failures can undermine vessel safety, operational integrity, regulatory compliance, reputation, and even financial stability."
Bo Yu, Markel