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Marsh Asia president James Addington-Smith to become UK CEO
Marsh McLennan Asia CEO David Jacob will assume the additional role as president of Marsh Asia.
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Sompo P&C’s adjusted profit rises 50% to US$1.5bn
Improved performance mainly driven by lower nat cat costs and profit improvement in domestic P&C.
Sompo P&C’s adjusted profit rises 50% to US$1.5bn
Improved performance mainly driven by lower nat cat costs and profit improvement in domestic P&C.
Improved performance mainly driven by lower nat cat costs and profit improvement in domestic P&C.
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Tokio Marine posts strong H1 domestic non-life underwriting performance, overseas results hit by forex losses
Results driven by a decrease in nat cat losses and rate increases for Japan P&C, as well as a strong underwriting performance for the international business.
Tokio Marine posts strong H1 domestic non-life underwriting performance, overseas results hit by forex losses
Results driven by a decrease in nat cat losses and rate increases for Japan P&C, as well as a strong underwriting performance for the international business.
Results driven by a decrease in nat cat losses and rate increases for Japan P&C, as well as a strong underwriting performance for the international business.
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MS&AD’s premiums grow 6% in H1, raises FY25 financial forecasts
Japanese insurance conglomerate grew its group written premiums to US$17.35bn during the H1, up 6.2% from the same period in 2024.
MS&AD’s premiums grow 6% in H1, raises FY25 financial forecasts
Japanese insurance conglomerate grew its group written premiums to US$17.35bn during the H1, up 6.2% from the same period in 2024.
Japanese insurance conglomerate grew its group written premiums to US$17.35bn during the H1, up 6.2% from the same period in 2024.
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Malaysian Re to face ‘mild deterioration’ in overseas underwriting: Fitch
Affirms IFS rating at A (Strong) with a stable outlook, based on the reinsurer’s moderate company profile, very strong capitalisation, and strong financial performance and earnings.
Malaysian Re to face ‘mild deterioration’ in overseas underwriting: Fitch
Affirms IFS rating at A (Strong) with a stable outlook, based on the reinsurer’s moderate company profile, very strong capitalisation, and strong financial performance and earnings.
Affirms IFS rating at A (Strong) with a stable outlook, based on the reinsurer’s moderate company profile, very strong capitalisation, and strong financial performance and earnings.
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ARPC declares cyclone event as Tropical Cyclone Fina strengthens
First tropical cyclone of Australia’s storm season has developed off the country’s northern coast.
ARPC declares cyclone event as Tropical Cyclone Fina strengthens
First tropical cyclone of Australia’s storm season has developed off the country’s northern coast.
First tropical cyclone of Australia’s storm season has developed off the country’s northern coast.
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Cyber threats and data drivacy top risk agenda for Indian companies in 2025: Aon
Indian businesses have faced substantial losses from their most critical risks, with 77.8% reporting losses due to property damage and 46.2% due to BI, while 63.6% reported that they were impacted by exchange rate fluctuations.
Cyber threats and data drivacy top risk agenda for Indian companies in 2025: Aon
Indian businesses have faced substantial losses from their most critical risks, with 77.8% reporting losses due to property damage and 46.2% due to BI, while 63.6% reported that they were impacted by exchange rate fluctuations.
Indian businesses have faced substantial losses from their most critical risks, with 77.8% reporting losses due to property damage and 46.2% due to BI, while 63.6% reported that they were impacted by exchange rate fluctuations.
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Cynthia Yuan Xi named head of China Re’s climate risk research centre
Former Fosun Insurance Group CFO has been at China Re in Beijing since March 2019.
Cynthia Yuan Xi named head of China Re’s climate risk research centre
Former Fosun Insurance Group CFO has been at China Re in Beijing since March 2019.
Former Fosun Insurance Group CFO has been at China Re in Beijing since March 2019.
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Optus Mobile fined US$500,000 for breaching anti-scam rules
Australian Communications and Media Authority (ACMA) found Optus, operating as Coles Mobile, breached anti-scam rules on 44 occasions in September and October 2024.
Optus Mobile fined US$500,000 for breaching anti-scam rules
Australian Communications and Media Authority (ACMA) found Optus, operating as Coles Mobile, breached anti-scam rules on 44 occasions in September and October 2024.
Australian Communications and Media Authority (ACMA) found Optus, operating as Coles Mobile, breached anti-scam rules on 44 occasions in September and October 2024.
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Global Asia Insurance Partnership appoints Ashby Tai as associate director
She joins from Etiqa Insurance Singapore, having spent over six years with the Monetary Authority of Singapore from June 2017.
Global Asia Insurance Partnership appoints Ashby Tai as associate director
She joins from Etiqa Insurance Singapore, having spent over six years with the Monetary Authority of Singapore from June 2017.
She joins from Etiqa Insurance Singapore, having spent over six years with the Monetary Authority of Singapore from June 2017.
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Japanese mega earthquake payouts could severely hurt insurers, economy: S&P Global
Agency estimates corporate earthquake-related claims of up to US$26.37bn for a Nankai Trough event and up to US$7bn for a Tokyo quake.
Japanese mega earthquake payouts could severely hurt insurers, economy: S&P Global
Agency estimates corporate earthquake-related claims of up to US$26.37bn for a Nankai Trough event and up to US$7bn for a Tokyo quake.
Agency estimates corporate earthquake-related claims of up to US$26.37bn for a Nankai Trough event and up to US$7bn for a Tokyo quake.
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Insurance ‘absolutely key’ to Asian renewable energy development: Sompo
Renewable energy capacity in APAC, excluding China, is expected to almost double over the next five years, according to the International Energy Agency.
Insurance ‘absolutely key’ to Asian renewable energy development: Sompo
Renewable energy capacity in APAC, excluding China, is expected to almost double over the next five years, according to the International Energy Agency.
Renewable energy capacity in APAC, excluding China, is expected to almost double over the next five years, according to the International Energy Agency.
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Hannover Re names Yan Sun as new L&H head for greater China
She replaces Niall Mulvey, who has joined Partner Re as chief underwriting officer for life and health.
Hannover Re names Yan Sun as new L&H head for greater China
She replaces Niall Mulvey, who has joined Partner Re as chief underwriting officer for life and health.
She replaces Niall Mulvey, who has joined Partner Re as chief underwriting officer for life and health.
Popular posts:
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Amid uninsurable warning, parametric solutions seen as future for addressing rising climate risks
With almost 60% of natural disasters in recent years uninsured, parametric solutions have received almost universal approval as an alternative to traditional underwriting.
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Asia’s power sector must ‘pair smarts with discipline’ as capacity grows, rates soften
Benjamin Chang, managing director for energy and power leader for Marsh Asia, and Lyo Foo, head of power, natural resources Asia at WTW, talk to IAN about the latest developments within Asia’s power sector.
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Rate reduction will ‘probably last through 2026 and then bottom out’: Aon’s Joe Peiser
Global broker sees strong growth in Asia Pacific, especially with data centres, which it says is the 'the single biggest opportunity'.
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SIRC: From capacity to AI, 5 key themes from 2025’s jam-packed edition
We bring you the big takeaways from last week's event in Singapore, and what they mean for the upcoming renewals.
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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Insurance ‘absolutely key’ to Asian renewable energy development: Sompo
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The Hartford locks in Asia specialty focus, but ‘exciting pipeline’ still on the cards: Carl Bach
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‘Asia is our key focus’: McLarens-owned Halliwell aims to double APAC business over next 3 years
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Sompo eyes bigger piece of the pie, with Hong Kong’s ‘vibrant’ IPO boom creating opportunities for D&O insurance
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Rokstone sets sail for marine growth in Asia amid regional expansion
M&A
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4 Envest-backed ‘like-minded agencies’ to merge in early 2026
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Ardonagh-backed Cornerstone Risk acquires MRC Insurance, launches corporate and specialty division
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DB Insurance’s Fortegra deal faces Tiptree shareholder opposition
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CVC joins EQT’s bid for AUB Group
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Steadfast carves up Coverforce divisions
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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SIRC: From capacity to AI, 5 key themes from 2025’s jam-packed edition
We bring you the big takeaways from last week's event in Singapore, and what they mean for the upcoming renewals.
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SIRC: APAC demand is there, Miller says, ahead of broad-based market softening
Broker has continued its buildout in Asia following the opening of its South Korea office in February.
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SIRC: HDI Global focuses on building out Southeast Asia energy hub
Malaysia, Thailand, and Indonesia are of significant interest to us, says the specialty carrier’s MD Alex Tarantino.
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SIRC: Booming and unconstrained property speculation fuelling India flood risk, Moody’s says
While climate variability is clearly playing a part in the increasing frequency of flood losses, it's only a part of the picture.
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SIRC: Verisk eyes expansion of hail risk solutions to Japan
The data analytics provider will also roll out its flood models for Australia and New Zealand in 2027.
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SIRC: Reinsurers continue to be bottom-line focused: AM Best
Q&A with AM Best’s Christie Lee, senior director, head of analytics and head of North East Asia, and Victoria Ohorodnyk, director and head of analytics for Southeast Asia, Australia and New Zealand.
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SIRC: Antares seeks to beef up business lines in 2026, with cyber and terrorism focus
Insurer, which celebrates in its 10th anniversary this week, is looking to ‘fight our corner’, CEO Mike van der Straaten says.
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SIRC: Taiping Re sees more substantive discussions around deductibles, expanded coverage options, frequency protections
Hong Kong-based reinsurer’s CEO Yu Xiaodong says the reinsurer strengthens market position with strategic insight and innovation.
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SIRC: Improved performance could see insurers retain more of the risk, Munich Re’s Kotak
Reinsurer’s regional head offers insights into slow demand growth, impact of consolidation and cautions against the growing cost of acquisition for insurers.
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SIRC: Motivated market drives appetite for alternative structures: Gallagher Re’s Jones
With both insurers and reinsurers pursuing growth, the broker expressed a strong sense of optimism for clients during the 1.1 renewals.
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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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Marsh Asia president James Addington-Smith to become UK CEO
Marsh McLennan Asia CEO David Jacob will assume the additional role as president of Marsh Asia.
-
Cynthia Yuan Xi named head of China Re’s climate risk research centre
Former Fosun Insurance Group CFO has been at China Re in Beijing since March 2019.
-
Global Asia Insurance Partnership appoints Ashby Tai as associate director
She joins from Etiqa Insurance Singapore, having spent over six years with the Monetary Authority of Singapore from June 2017.
-
Hannover Re names Yan Sun as new L&H head for greater China
She replaces Niall Mulvey, who has joined Partner Re as chief underwriting officer for life and health.
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Willis India appoints Pallavi Verma as associate director in M&A team
Gurgaon-based Verma brings deep expertise in corporate and M&A law, with experience across financial services, renewables, telecoms, and infrastructure.
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Aon hands Vincent Shih expanded role as head of treaty reinsurance in Taiwan
He has held the titles of senior executive director for Aon and Aon reinsurance solutions since December 2023.
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Aon promotes Jason Disborough to chief commercial officer for Pacific
He has spend over 25 years at Aon in the UK and Australia.
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Steadfast CEO Robert Kelly to return on Tuesday following conclusion of probe into workplace complaint
He had 'chosen to stand aside' on a temporary basis from October 30 amid the investigation.
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Sedgwick confirms new Australia leadership
Phil van Zyl has been appointed interim CEO, replacing Diego Ascani, with Simon Kay appointed chief operating officer.
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Axa XL promotes Annabelle Lacroix to APAC and Europe regional product leader for casualty
Lacroix was previously the casualty underwriting head for middle market in France.
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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, Hong Kong and greater China at WTW, talks to InsuranceAsia News about the development of the cyber market in Asia.
Martin Au-Yeung, Vice President, Division Underwriting Manager at FM
Building resilience and mitigating risk in APAC's commercial property insurance market
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