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Emerging Asia may benefit from US tariffs as China suffers: Swiss Re’s Haegeli
Tariffs, taxes, and a decrease in trade could be a tipping point for the wider industry as there are many uncertainties around future US presidential decisions, said the reinsurer's group chief economist.
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Aon promotes Singapore-based Magnus Roe to global chief data and analytics officer
Roe, who was global head of strategy, risk capital analytics for the broker, will integrate AI, data governance and analytics into the broker's data and analytics strategy, reporting to Aon COO Mindy Simon.
Aon promotes Singapore-based Magnus Roe to global chief data and analytics officer
Roe, who was global head of strategy, risk capital analytics for the broker, will integrate AI, data governance and analytics into the broker's data and analytics strategy, reporting to Aon COO Mindy Simon.
Roe, who was global head of strategy, risk capital analytics for the broker, will integrate AI, data governance and analytics into the broker's data and analytics strategy, reporting to Aon COO Mindy Simon.
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Interest in standalone renewable treaties in APAC remains strong: Gallagher Re
There is rate adequacy in the market ahead of the 2025 renewal season as costs have stabilised in the reinsurance market, according to a whitepaper on renewable energy by the reinsurance broker.
Interest in standalone renewable treaties in APAC remains strong: Gallagher Re
There is rate adequacy in the market ahead of the 2025 renewal season as costs have stabilised in the reinsurance market, according to a whitepaper on renewable energy by the reinsurance broker.
There is rate adequacy in the market ahead of the 2025 renewal season as costs have stabilised in the reinsurance market, according to a whitepaper on renewable energy by the reinsurance broker.
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Rokstone launches global multi-peril parametric offering with US$10m facility
The MGA has partnered with NormanMax Lloyd’s Syndicate 3939 to launch to cover earthquake, hurricane, tropical cyclone and typhoon risks, with further perils including floods set to be added next year.
Rokstone launches global multi-peril parametric offering with US$10m facility
The MGA has partnered with NormanMax Lloyd’s Syndicate 3939 to launch to cover earthquake, hurricane, tropical cyclone and typhoon risks, with further perils including floods set to be added next year.
The MGA has partnered with NormanMax Lloyd’s Syndicate 3939 to launch to cover earthquake, hurricane, tropical cyclone and typhoon risks, with further perils including floods set to be added next year.
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Trebling of ‘nuclear’ verdicts in US challenges liability underwriters: Allianz
Apart from social inflation, the increasing complexity of pharma class actions, PFAS litigation and the growth of collective redress outside of the US are among the other trends creating difficulties for carriers, according to the report.
Trebling of ‘nuclear’ verdicts in US challenges liability underwriters: Allianz
Apart from social inflation, the increasing complexity of pharma class actions, PFAS litigation and the growth of collective redress outside of the US are among the other trends creating difficulties for carriers, according to the report.
Apart from social inflation, the increasing complexity of pharma class actions, PFAS litigation and the growth of collective redress outside of the US are among the other trends creating difficulties for carriers, according to the report.
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Australia’s proposed reforms would boost insurers’ credit profiles: Fitch
The proposed reforms which include insurers buying all-perils reinsurance coverage and lowering reinstatement requirements, effective June 2026, would encourage carriers to explore alternative reinsurance arrangements such as cat bonds, the rating agency said.
Australia’s proposed reforms would boost insurers’ credit profiles: Fitch
The proposed reforms which include insurers buying all-perils reinsurance coverage and lowering reinstatement requirements, effective June 2026, would encourage carriers to explore alternative reinsurance arrangements such as cat bonds, the rating agency said.
The proposed reforms which include insurers buying all-perils reinsurance coverage and lowering reinstatement requirements, effective June 2026, would encourage carriers to explore alternative reinsurance arrangements such as cat bonds, the rating agency said.
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CFC expands transaction liability team with appointment of Janine Fenwick
Melbourne-based Fenwick will provide strategic leadership to the onshore transaction liability team that the carrier has established since its acquired Solution Underwriting in April and drive the development of CFC’s transaction liability business throughout Asia Pacific.
CFC expands transaction liability team with appointment of Janine Fenwick
Melbourne-based Fenwick will provide strategic leadership to the onshore transaction liability team that the carrier has established since its acquired Solution Underwriting in April and drive the development of CFC’s transaction liability business throughout Asia Pacific.
Melbourne-based Fenwick will provide strategic leadership to the onshore transaction liability team that the carrier has established since its acquired Solution Underwriting in April and drive the development of CFC’s transaction liability business throughout Asia Pacific.
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P&C GWP growth in mature APAC markets to reach 3.2% in 2024: Swiss Re
Emerging Asia will remain the main driving force with non-life premiums to grow at a 7.4% CAGR in 2025‒26 as India outperforms all major developing markets.
P&C GWP growth in mature APAC markets to reach 3.2% in 2024: Swiss Re
Emerging Asia will remain the main driving force with non-life premiums to grow at a 7.4% CAGR in 2025‒26 as India outperforms all major developing markets.
Emerging Asia will remain the main driving force with non-life premiums to grow at a 7.4% CAGR in 2025‒26 as India outperforms all major developing markets.
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AIG Singapore promotes Vanessa Yeo to head of casualty
Before assuming her new role, Yeo was casualty lead for the broker distribution channel.
AIG Singapore promotes Vanessa Yeo to head of casualty
Before assuming her new role, Yeo was casualty lead for the broker distribution channel.
Before assuming her new role, Yeo was casualty lead for the broker distribution channel.
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NorthStandard to implement 5% premium increase for 2025-26 renewal
The hike would apply to all P&I members, although each renewal would be agreed individually based on a review of claims and risk exposure.
NorthStandard to implement 5% premium increase for 2025-26 renewal
The hike would apply to all P&I members, although each renewal would be agreed individually based on a review of claims and risk exposure.
The hike would apply to all P&I members, although each renewal would be agreed individually based on a review of claims and risk exposure.
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India’s WestBridge Capital joins forces with former Tata AIG CEO to launch general insurer: reports
The private equity firm will hold a majority stake with Neelesh Garg taking a 10% ownership in the new joint venture that will be launched mid-2025 and will offer health, motor, fire, and property covers.
India’s WestBridge Capital joins forces with former Tata AIG CEO to launch general insurer: reports
The private equity firm will hold a majority stake with Neelesh Garg taking a 10% ownership in the new joint venture that will be launched mid-2025 and will offer health, motor, fire, and property covers.
The private equity firm will hold a majority stake with Neelesh Garg taking a 10% ownership in the new joint venture that will be launched mid-2025 and will offer health, motor, fire, and property covers.
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Agile launches Lloyd’s-backed property offering in Australia
The MGA has hired Ellie Chen as property underwriter and will offer US$6.5 million coverage for industries like agriculture, retail, and healthcare.
Agile launches Lloyd’s-backed property offering in Australia
The MGA has hired Ellie Chen as property underwriter and will offer US$6.5 million coverage for industries like agriculture, retail, and healthcare.
The MGA has hired Ellie Chen as property underwriter and will offer US$6.5 million coverage for industries like agriculture, retail, and healthcare.
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Lloyd’s Asia set to see new entrants in 2025 as it races to US$1bn GWP mark
The platform is keen to attract local capital and create more opportunities for syndicates to collaborate across the APMEA region, says regional CEO Emma Loynes.
Lloyd’s Asia set to see new entrants in 2025 as it races to US$1bn GWP mark
The platform is keen to attract local capital and create more opportunities for syndicates to collaborate across the APMEA region, says regional CEO Emma Loynes.
The platform is keen to attract local capital and create more opportunities for syndicates to collaborate across the APMEA region, says regional CEO Emma Loynes.
Popular posts:
- Hannover Re Malaysia to axe about 30 roles in data and technology, special project teams
- Hannover Re appoints Avijit Ghosh as India CEO amid leadership reshuffle
- Lloyd’s Asia set to see new entrants in 2025 as it races to US$1bn GWP mark
- Japan’s big three post US$8bn windfall from strategic holdings unwind
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Japan’s big three post US$8bn windfall from strategic holdings unwind
The major insurance groups also showed significant improvements in H1 CORs as they benefitted from benign loss environment at home and overseas and robust premium growth.
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Modellers step up efforts on flood models amid rising secondary peril risk in APAC
Verisk and Moody’s RMS indicate they are listening to the concerns of the market and have laid out plans to “close the gap”.
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US exposures, climate change, pricing challenges weigh on APAC casualty underwriters
The casualty market faces challenges in predicting risks due to global interconnectedness and emerging threats like PFAS and cyber.
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Market consolidation crucial for APAC’s maturing economies: AM Best’s Carter
Regulators are looking at capital reforms to drive consolidation, but the markets have yet to see the impact, says the rating agency’s APAC managing director.
Spotlight
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Lloyd’s Asia set to see new entrants in 2025 as it races to US$1bn GWP mark
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McLarens eyes acquisitions in non-claims technical advisory services
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Miller Insurance sets sights on expansion in Japan and South Korea as it continues to plough its APAC furrow
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Cyber, property cornerstones in Beazley’s APAC growth strategy
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Axa XL plans Asia ‘acceleration’ as it looks to double portfolio by 2026
M&A
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‘No guarantee’ Allianz-Income deal will proceed, discussions ongoing
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Emerging capital standards to increase Korea, HK and Taiwan insurance consolidation: Fitch Ratings
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Envest acquires majority stake in Bendigo Insurance Brokers
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Singapore blocked Income-Allianz deal over US$1.4bn ‘capital extraction’ plan
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Maybank considering options for Ageas’ minority stake in Etiqa: report
ESG
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UN climate alliance launches net-zero transition guide for insurers
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HDI Global expands environmental liability insurance to international markets
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Opinion: Risks from rising ESG regulations looming threat for businesses
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Opinion: Are we finally transitioning to a new era for energy risks?
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APAC insurers take to climate transition, private market investment strategies
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SIRC: Reinsurers look to consolidate underwriting gains while tapping into fast-growing APAC
As renewals conference season draws to a close with the Singapore event, IAN brings you the reinsurance gather's key takeaways and what they mean for upcoming renewals.
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Asian cyber market needs local expertise: Guy Carpenter’s Cordonnier
While there is no question on the potential for cyber growth in the region, for take-up to increase the market needs to develop products that are relevant to local clients.
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Asian specialty losses to be reflected in renewals: Swiss Re
The reinsurer’s specialty CUO Anne Lohbeck says engineering, inherent defect, cyber and credit & surety are growth drivers for APAC specialty book.
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Miller Insurance sets sights on expansion in Japan and South Korea as it continues to plough its APAC furrow
The broker is opening soon in South Korea and plans to “build pretty deep there”, and has some other plans in other territories to go too, said Ron Whyte.
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India 1.4 renewals to be particularly interesting: Peak Re’s Salian
Regulatory changes and significant growth in infrastructure, cyber and surety are the main factors that will shape the 1.4. 2025 renewal in India.
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Cyber, property cornerstones in Beazley’s APAC growth strategy
Jessica Schappell, head of Asia Pacific at Beazley, outlines her vision for the region, focusing on deepening market penetration, leveraging a well-established team, and expanding the property and cyber insurance footprint.
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Axa XL plans Asia ‘acceleration’ as it looks to double portfolio by 2026
The carrier eyes significant growth opportunities across India, China, Thailand and Indonesia as it plans to cement its position as a leading regional player.
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Asia presents vast potential for third-party capital: Peak Re’s Reynolds
The Asia Pacific region, with its exposure to numerous natural perils, offers vast opportunities for employing third-party capital, including ILS.
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SIRC diary: The AI monster
The market is already seriously taking a technology that now seems beyond any doubt to have a profoundly transformative impact on all our lives.
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Hurricane Milton, German floods to drive rates up: Peak Re’s Nowakowski
Civil commotion and political instability are additional factors that reinsurers must consider, said the chief underwriting officer.
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While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
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Aon promotes Singapore-based Magnus Roe to global chief data and analytics officer
Roe, who was global head of strategy, risk capital analytics for the broker, will integrate AI, data governance and analytics into the broker's data and analytics strategy, reporting to Aon COO Mindy Simon.
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CFC expands transaction liability team with appointment of Janine Fenwick
Melbourne-based Fenwick will provide strategic leadership to the onshore transaction liability team that the carrier has established since its acquired Solution Underwriting in April and drive the development of CFC’s transaction liability business throughout Asia Pacific.
-
AIG Singapore promotes Vanessa Yeo to head of casualty
Before assuming her new role, Yeo was casualty lead for the broker distribution channel.
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Agile launches Lloyd’s-backed property offering in Australia
The MGA has hired Ellie Chen as property underwriter and will offer US$6.5 million coverage for industries like agriculture, retail, and healthcare.
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Generali GC&C hires Nicholas Selff from Chubb as head of underwriting for Asia
Selff, who has relocated to Hong Kong, started with the insurer's leadership team on November 18.
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ICICI Lombard’s Alok Agarwal to take charge as Zurich Kotak managing director & CEO
Mumbai-based Agarwal will replace Suresh Agarwal who will be transitioning to a new role within Zurich Insurance Group.
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SRG taps Allianz’s Jaya Taylor as global regulatory affairs leader
Taylor joins from Allianz Global Corporate and Specialty (AGCS), where she was the global compliance officer based in London.
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Exclusive: Hannover Re appoints Avijit Ghosh as India CEO amid leadership reshuffle
Ghosh, who was CUO, will replace GLN Sarma, meanwhile, special project manager for the reinsurer's India branch Christian Schoen will relocate to China, IAN understands.
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Allianz Commercial appoints Ben Church as head of broker distribution for Australia
The appointment comes after Sydney-based Church had assumed this role in an acting capacity six months ago.
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QBE’s Gordon Wong joins MSIG Hong Kong as senior vice president
In his new role, Wong will drive all intermediate business and oversee the growth of broker, agency and Macau channels.
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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.
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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.
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Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results
While overall GWP growth in both cities were similar, the Lion City's primary insurers saw significant growth in 2023 compared with peers in the SAR, data from the cities’ regulators show.
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Australian GI brokers see 22% growth in 2023
The GWP placed by the country's brokers with Lloyd’s underwriters in 2023 more than doubled to US$5.75bn, APRA data for last year shows.
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 Re
Empowering Women in Asia's Insurance Sector
Jacquelyn Goh, Senior Vice President, Country Head Singapore and Head of Asia Pacific Distribution at Allied WorldIndustry 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