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PVI eyes Hanoi Re divestment plan as part of broader growth push
In a wide-ranging interview, PVI Insurance chairman Duong Thanh Danh also talks to InsuranceAsia News about PetroVietnam Group's divestment plans, PVI's overseas partnerships, a US$1bn revenue target, growth opportunities and tariffs.
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Aspida Life Re completes second Japanese reinsurance deal
Ares Capital-backed Bermudan carrier will reinsure new or incoming flow business for a Japanese yen-denominated fixed annuity product.
Aspida Life Re completes second Japanese reinsurance deal
Ares Capital-backed Bermudan carrier will reinsure new or incoming flow business for a Japanese yen-denominated fixed annuity product.
Ares Capital-backed Bermudan carrier will reinsure new or incoming flow business for a Japanese yen-denominated fixed annuity product.
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APAC cyber claims up 22% in 2024, ‘likely to accelerate’: Aon
Region seeing significant competition among insurers, with an increasing number of insurance carriers entering from the London market.
APAC cyber claims up 22% in 2024, ‘likely to accelerate’: Aon
Region seeing significant competition among insurers, with an increasing number of insurance carriers entering from the London market.
Region seeing significant competition among insurers, with an increasing number of insurance carriers entering from the London market.
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Ramesh Mahto joins WTW India from Marsh
Mahto will relocate from Mumbai to Pune to join the multinational client management team as an assistant vice president.
Ramesh Mahto joins WTW India from Marsh
Mahto will relocate from Mumbai to Pune to join the multinational client management team as an assistant vice president.
Mahto will relocate from Mumbai to Pune to join the multinational client management team as an assistant vice president.
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Trade risks increase for Singapore, Malaysia, Thailand as US tariffs bite: Coface
Global trade credit insurer downgrades risk assessments for the Southeast Asian trio, 'highlighting the intensifying vulnerabilities of highly trade-reliant economies'.
Trade risks increase for Singapore, Malaysia, Thailand as US tariffs bite: Coface
Global trade credit insurer downgrades risk assessments for the Southeast Asian trio, 'highlighting the intensifying vulnerabilities of highly trade-reliant economies'.
Global trade credit insurer downgrades risk assessments for the Southeast Asian trio, 'highlighting the intensifying vulnerabilities of highly trade-reliant economies'.
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Miller launches South Korea marine practice after Marsh team raid
KyungSeop (KS) Shim will lead the new team as head of specialty, and is joined by Justin Roh, Hana Jung, and Jayce Park.
Miller launches South Korea marine practice after Marsh team raid
KyungSeop (KS) Shim will lead the new team as head of specialty, and is joined by Justin Roh, Hana Jung, and Jayce Park.
KyungSeop (KS) Shim will lead the new team as head of specialty, and is joined by Justin Roh, Hana Jung, and Jayce Park.
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HDI Global, Descartes collaborate to offer parametric earthquake cover in Japan
Claims will be triggered based on thresholds measured by Japan Meteorological Agency’s shindo seismic intensity.
HDI Global, Descartes collaborate to offer parametric earthquake cover in Japan
Claims will be triggered based on thresholds measured by Japan Meteorological Agency’s shindo seismic intensity.
Claims will be triggered based on thresholds measured by Japan Meteorological Agency’s shindo seismic intensity.
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Australian tech-focused MGA Codex Insurance launches with MS Amlin capacity
Lloyd's coverholder, founded by former Vero undewriter Andrew Sharbeen, offers ICT liability and cyber insurance products.
Australian tech-focused MGA Codex Insurance launches with MS Amlin capacity
Lloyd's coverholder, founded by former Vero undewriter Andrew Sharbeen, offers ICT liability and cyber insurance products.
Lloyd's coverholder, founded by former Vero undewriter Andrew Sharbeen, offers ICT liability and cyber insurance products.
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Howden appoints Phil Steel as associate director for business development in Hong Kong
'Seasoned insurance sales professional' joins the broker from Aon.
Howden appoints Phil Steel as associate director for business development in Hong Kong
'Seasoned insurance sales professional' joins the broker from Aon.
'Seasoned insurance sales professional' joins the broker from Aon.
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Starr Insurance hires PeiQi Lee as head of casualty, Asia Pacific
Singapore-based Lee will be responsible for managing technical underwriting in the Asia casualty team and driving profitable growth in the region.
Starr Insurance hires PeiQi Lee as head of casualty, Asia Pacific
Singapore-based Lee will be responsible for managing technical underwriting in the Asia casualty team and driving profitable growth in the region.
Singapore-based Lee will be responsible for managing technical underwriting in the Asia casualty team and driving profitable growth in the region.
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‘Tough for communities’: New Zealanders begin clean-up again after latest severe weather
As of 2pm Sunday, AMI, State and NZI had received more than 150 claims from the weather event across home, contents, motor and commercial policies.
‘Tough for communities’: New Zealanders begin clean-up again after latest severe weather
As of 2pm Sunday, AMI, State and NZI had received more than 150 claims from the weather event across home, contents, motor and commercial policies.
As of 2pm Sunday, AMI, State and NZI had received more than 150 claims from the weather event across home, contents, motor and commercial policies.
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Ageas eyes deeper Asia presence with three-pronged approach to tried and tested model
CEO Hans De Cuyper discusses the Belgian insurer’s strategic priorities in the region, the future of its Etiqa JV and how Taiping Re complements its reinsurance play.
Ageas eyes deeper Asia presence with three-pronged approach to tried and tested model
CEO Hans De Cuyper discusses the Belgian insurer’s strategic priorities in the region, the future of its Etiqa JV and how Taiping Re complements its reinsurance play.
CEO Hans De Cuyper discusses the Belgian insurer’s strategic priorities in the region, the future of its Etiqa JV and how Taiping Re complements its reinsurance play.
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Air India compensation unaffected by pilot error possibility: report
Preliminary investigation finds fuel to the engines of the Boeing 787 Dreamliner involved in the deadly crash in Ahmedabad last month was cut off moments after take-off.
Air India compensation unaffected by pilot error possibility: report
Preliminary investigation finds fuel to the engines of the Boeing 787 Dreamliner involved in the deadly crash in Ahmedabad last month was cut off moments after take-off.
Preliminary investigation finds fuel to the engines of the Boeing 787 Dreamliner involved in the deadly crash in Ahmedabad last month was cut off moments after take-off.
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Turbulence ahead for aviation market amid renewed warning over ‘downbursts’
Australian airlines face increasing danger as weather risks multiply across the east coast.
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‘Valuable partners for insurers’: APAC’s thriving MGA market set for significant growth, Guy Carpenter’s Steve Warwick says
China, Japan and South Korea have longer-term potential alongside existing key regions as insurers increasingly show interest in this booming route to market.
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Reinsurance market grapples with geopolitical risks amid renewals shift
There is an acceleration in reinsurance rate reductions across the globe, but the question it raises is whether the softening will cool off, according to panellists at the reinsurance webinar co-hosted by IAN and Fitch Ratings last week.
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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.
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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PVI eyes Hanoi Re divestment plan as part of broader growth push
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Ageas eyes deeper Asia presence with three-pronged approach to tried and tested model
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New Australian MGA says collaboration key for D&O risks ‘no one else will touch’
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‘Asia is core to our strategy’: Swedish Club out to ‘broaden footprint’, with China and India on the radar
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Trade credit insurance in high demand amid uncertain times, but pricing anomaly emerges: Coface’s Hugh Burke
M&A
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Ageas eyes deeper Asia presence with three-pronged approach to tried and tested model
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Mitsui Sumitomo to acquire Japanese W&I specialist MGA Time Machine
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Howden expands Pacific footprint with acquisition of Kiwi broker Sherpa
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Ardonagh strengthens Asia footprint with majority stake in Hong Kong-based Apex
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Howden acquires majority stake in Japanese retail broker Holos Holdings
ESG
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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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Aon strengthens Asia natural resources team with senior hire
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Energy market presents unique risks, especially in a region which includes China and Japan as well as developing nations like Vietnam and the Philippines.
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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.
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Ramesh Mahto joins WTW India from Marsh
Mahto will relocate from Mumbai to Pune to join the multinational client management team as an assistant vice president.
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Miller launches South Korea marine practice after Marsh team raid
KyungSeop (KS) Shim will lead the new team as head of specialty, and is joined by Justin Roh, Hana Jung, and Jayce Park.
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Australian tech-focused MGA Codex Insurance launches with MS Amlin capacity
Lloyd's coverholder, founded by former Vero undewriter Andrew Sharbeen, offers ICT liability and cyber insurance products.
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Howden appoints Phil Steel as associate director for business development in Hong Kong
'Seasoned insurance sales professional' joins the broker from Aon.
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Starr Insurance hires PeiQi Lee as head of casualty, Asia Pacific
Singapore-based Lee will be responsible for managing technical underwriting in the Asia casualty team and driving profitable growth in the region.
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Aon leadership trio take on expanded roles
Jennifer Chan, Richard Tan, and Mike Ang will take on new responsibilities to drive growth and client engagement across Singapore, Indonesia, and Malaysia.
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Gallagher names Steve Lockwood as interim Australia head, following Sarah Lyons’ move
Lockwood, who is the managing director for Asia Pacific, joined the broker following its acquisition of Kiwi broker Crombie Lockwood.
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HDI appoints Alex Howell as property underwriting manager in Singapore
With 25 years’ global experience across property and energy, Howell will lead the property team across Southeast and South Asia.
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Aon New Zealand appoints Adrienne Booth as executive director for transaction solutions
Booth returns to her native New Zealand having most recently been head of commercial law at Aon in the UK.
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Sompo announces key APAC, Singapore hires
Insurer appoints Jin Sheng Ooi as head of accident and health pricing for Asia Pacific, and Jun Zhe Ng as chief consumer officer in Singapore.
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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.
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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.
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.
Cybersecurity: ''For insurers, rather than treating certifications as sufficient proof of security, they should demand evidence of ongoing monitoring of their security posture''
Marc Krisjanous, SixBlocks Audit