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Full Capacity: Insurtech’s new frontier
This week's newsletter discusses Howden Re's Dubai expansion, recent M&As, week of nat cats in Asia, Aussie MGA Blue Zebra's ambitions, and the emerging trend of AI insurtech startups.
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Aon, Everest, Willis, Howden, Chubb: 8 APAC insurance people moves of the week
Insurance Investment Solutions, Equirus Raghnall and HDI Global also made personnel changes over the last week.
Aon, Everest, Willis, Howden, Chubb: 8 APAC insurance people moves of the week
Insurance Investment Solutions, Equirus Raghnall and HDI Global also made personnel changes over the last week.
Insurance Investment Solutions, Equirus Raghnall and HDI Global also made personnel changes over the last week.
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Bridge Specialty hires Price Forbes’ Abhishek Chhajer as Asia chief executive
Brown & Brown-owned broking group has two brokers in the region, Singapore-based Acorn and Hong Kong-based Capstone.
Bridge Specialty hires Price Forbes’ Abhishek Chhajer as Asia chief executive
Brown & Brown-owned broking group has two brokers in the region, Singapore-based Acorn and Hong Kong-based Capstone.
Brown & Brown-owned broking group has two brokers in the region, Singapore-based Acorn and Hong Kong-based Capstone.
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Amiga Specialty confirms first international expansion in Hong Kong
Specialty MGA appoints Ralph Sherbahn as managing director for financial lines in Asia Pacific.
Amiga Specialty confirms first international expansion in Hong Kong
Specialty MGA appoints Ralph Sherbahn as managing director for financial lines in Asia Pacific.
Specialty MGA appoints Ralph Sherbahn as managing director for financial lines in Asia Pacific.
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Capstone’s Dan Dibden launches crypto-focused broker in Hong Kong
Fraction will predominately focus on the digital asset ecosystem, assisting companies throughout Asia on risk transfer solutions.
Capstone’s Dan Dibden launches crypto-focused broker in Hong Kong
Fraction will predominately focus on the digital asset ecosystem, assisting companies throughout Asia on risk transfer solutions.
Fraction will predominately focus on the digital asset ecosystem, assisting companies throughout Asia on risk transfer solutions.
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QBE H1 profit rises 27% to over US$1bn; COR improves to 92.8%
Australian insurer's GWP in the first half of the year grew 11% to US$13.82bn, buoyant on stronger performance in core segments offsetting the drag from crop and non-core exits.
QBE H1 profit rises 27% to over US$1bn; COR improves to 92.8%
Australian insurer's GWP in the first half of the year grew 11% to US$13.82bn, buoyant on stronger performance in core segments offsetting the drag from crop and non-core exits.
Australian insurer's GWP in the first half of the year grew 11% to US$13.82bn, buoyant on stronger performance in core segments offsetting the drag from crop and non-core exits.
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Howden Specialty Asia Pacific promotes Matthew Savitt
Singapore-based Savitt takes up the role of managing director and head of natural resources.
Howden Specialty Asia Pacific promotes Matthew Savitt
Singapore-based Savitt takes up the role of managing director and head of natural resources.
Singapore-based Savitt takes up the role of managing director and head of natural resources.
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HDI expands Hong Kong engineering team with double appointment
Steven Tang and Chris Yang join from global reinsurer Scor.
HDI expands Hong Kong engineering team with double appointment
Steven Tang and Chris Yang join from global reinsurer Scor.
Steven Tang and Chris Yang join from global reinsurer Scor.
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India’s Equirus Raghnall appoints Aman Gaur as national head for risk engineering
Mumbai-based Gaur joins having spent the last 11 months as a consultant engineer within the Asia-Pacific division at FM.
India’s Equirus Raghnall appoints Aman Gaur as national head for risk engineering
Mumbai-based Gaur joins having spent the last 11 months as a consultant engineer within the Asia-Pacific division at FM.
Mumbai-based Gaur joins having spent the last 11 months as a consultant engineer within the Asia-Pacific division at FM.
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Gallagher acquires New Zealand’s Insure Taranaki
New Plymouth-based broker, founded in 2016, will trade under the Gallagher brand following the deal.
Gallagher acquires New Zealand’s Insure Taranaki
New Plymouth-based broker, founded in 2016, will trade under the Gallagher brand following the deal.
New Plymouth-based broker, founded in 2016, will trade under the Gallagher brand following the deal.
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Opinion: No handouts, please!: How long should the taxpayer foot the bill for India’s partly bad, partly good insurance market?
Reports suggest the government is once again considering a capital injection for its three state-owned domestic insurers are concerning.
Opinion: No handouts, please!: How long should the taxpayer foot the bill for India’s partly bad, partly good insurance market?
Reports suggest the government is once again considering a capital injection for its three state-owned domestic insurers are concerning.
Reports suggest the government is once again considering a capital injection for its three state-owned domestic insurers are concerning.
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Tokio Marine’s Q1 results handed domestic nat cats boost, strong overseas results
Domestic COR improved by 13.3 points to 86.2% in Q1 FY25, while international non-life businesses' topline grew 4.3% year on year.
Tokio Marine’s Q1 results handed domestic nat cats boost, strong overseas results
Domestic COR improved by 13.3 points to 86.2% in Q1 FY25, while international non-life businesses' topline grew 4.3% year on year.
Domestic COR improved by 13.3 points to 86.2% in Q1 FY25, while international non-life businesses' topline grew 4.3% year on year.
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Zurich’s APAC H1 non-life GWP grows 14% to top US$2bn
Growth driven by motor and SME portfolios, commercial insurance expansion in India and Malaysia and digital partnerships.
Zurich’s APAC H1 non-life GWP grows 14% to top US$2bn
Growth driven by motor and SME portfolios, commercial insurance expansion in India and Malaysia and digital partnerships.
Growth driven by motor and SME portfolios, commercial insurance expansion in India and Malaysia and digital partnerships.
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Red Sea ‘hot topic’ creates opportunities for insurers, with capacity not a major problem despite Houthi escalation
Hannah Chua, legal director in Clyde & Co’s energy, marine, and natural resources team in Singapore, says the market has learned lessons from the past.
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Beijing flood losses to be ‘substantial’ as region braces for more rain
Insurers have received 65,000 reports of losses following last month's extreme rain, with an estimated insured loss of US$277m, according to regulatory data.
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‘It’s a trust game’: with cyber claims spikes front and centre, alternative solutions offer cover for growing threat
Comments follow placement of innovative ‘surge’ reinsurance with Arch Capital Group.
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Rising losses in benign cat year point to ‘background noise’ of climate change: Munich Re’s Tobias Grimm
APAC events highlight unpredictability of catastrophes, resulting in unprecedented amounts of rainfall, storms, wildfires and earthquakes in areas that have never experienced them, says the reinsurer's top climate expert.
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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Australian MGA Blue Zebra eyes commercial lines expansion, earning its stripes overseas
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Mitigation key to tackling Asia’s emerging supply chain, battery, data centre risks: FM’s Martin Au-Yeung
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Critical mass achieved, MS Amlin focused on APAC consolidation after robust growth: CEO William Ho
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India’s reinsurance market poised for massive growth, driven by infrastructure boom: Policybazaar for Business
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‘In a more global fashion’: MSIG Specialty Marine targets Asia P&I growth, Singapore underwriting launch
M&A
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Gallagher acquires New Zealand’s Insure Taranaki
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Australia’s Community Broker Network expands to New Zealand with Folio tie-up
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Gallagher acquires Australian agri specialist broker Mack Insurance
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UIB International exits India JV with sale to Edme Services
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Sompo unveils investment hub to drive ‘agile, dynamic’ growth investments
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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The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
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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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Bridge Specialty hires Price Forbes’ Abhishek Chhajer as Asia chief executive
Brown & Brown-owned broking group has two brokers in the region, Singapore-based Acorn and Hong Kong-based Capstone.
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Amiga Specialty confirms first international expansion in Hong Kong
Specialty MGA appoints Ralph Sherbahn as managing director for financial lines in Asia Pacific.
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Howden Specialty Asia Pacific promotes Matthew Savitt
Singapore-based Savitt takes up the role of managing director and head of natural resources.
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HDI expands Hong Kong engineering team with double appointment
Steven Tang and Chris Yang join from global reinsurer Scor.
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India’s Equirus Raghnall appoints Aman Gaur as national head for risk engineering
Mumbai-based Gaur joins having spent the last 11 months as a consultant engineer within the Asia-Pacific division at FM.
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Sean Green swaps Gallagher for Aon New Zealand
Veteran broker trades Melbourne for Aon in New Zealand
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Chubb promotes Matthew Dick to head of claims for ANZ
Since joining Chubb in 2007, Dick has held a range of specialty claims leadership roles in the UK and APAC.
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Willis hires Seckin Atilgan to drive trade credit growth in Asia
Singapore-based Atilgan joins the firm from Marsh.
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Australian MGA IIS expands business to New Zealand, names Gert Stander as head of operations
Australian MGA is specialised in strata, commercial and community property insurance.
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Everest promotes James McPartland to Asia head of property
Melbourne-based McPartland joined Everest from Chubb in January 2024.
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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.
Aviation : ''Without a deeper talent pipeline, better training infrastructure, and more rigorous oversight, the region’s capacity to meet rising demand may falter, impacting insurers and operators alike''
Tan Soon Keat, McLarens Aviation