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How easy is it for mid-sized operators to find a seat at APAC’s broking top table?
Outfits in Asia are convinced that growth is possible outside of the corporate broking behemoths, but 'it takes a hell of a lot of patience'.
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India’s non-life premiums could rise to US$38bn in FY26: ICRA
Report also notes private insurers could expand market share to 70% by FY27, up from 68% in FY25.
India’s non-life premiums could rise to US$38bn in FY26: ICRA
Report also notes private insurers could expand market share to 70% by FY27, up from 68% in FY25.
Report also notes private insurers could expand market share to 70% by FY27, up from 68% in FY25.
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NSW floods claims top 8,700 as residents face ‘uncertain future’
Over 78% of claims are related to property, according to the Insurance Council of Australia (ICA).
NSW floods claims top 8,700 as residents face ‘uncertain future’
Over 78% of claims are related to property, according to the Insurance Council of Australia (ICA).
Over 78% of claims are related to property, according to the Insurance Council of Australia (ICA).
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India’s 3 state-owned insurers need close to US$2bn to remain solvent: ICRA
Combined solvency ratios remained weak at 0.85 as of December, compared to the regulatory minimum of 1.50.
India’s 3 state-owned insurers need close to US$2bn to remain solvent: ICRA
Combined solvency ratios remained weak at 0.85 as of December, compared to the regulatory minimum of 1.50.
Combined solvency ratios remained weak at 0.85 as of December, compared to the regulatory minimum of 1.50.
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RGA closes US$1bn asset intensive reinsurance deal with Dai-ichi Life
The transcaction will be a coinsurance of the Japanese insurer's statutory reserves and the effective date is March 31 this year.
RGA closes US$1bn asset intensive reinsurance deal with Dai-ichi Life
The transcaction will be a coinsurance of the Japanese insurer's statutory reserves and the effective date is March 31 this year.
The transcaction will be a coinsurance of the Japanese insurer's statutory reserves and the effective date is March 31 this year.
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Howden Specialty adds Marsh’s HuiLeng Tan to APAC power, renewables team
She had spent the last 10 and a half years with Marsh.
Howden Specialty adds Marsh’s HuiLeng Tan to APAC power, renewables team
She had spent the last 10 and a half years with Marsh.
She had spent the last 10 and a half years with Marsh.
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‘Pivotal moment’ as Allianz Australia’s sale of Hunter Premium Funding is finalised
Allianz had agreed to sell Hunter to Pemba Capital Partners in December.
‘Pivotal moment’ as Allianz Australia’s sale of Hunter Premium Funding is finalised
Allianz had agreed to sell Hunter to Pemba Capital Partners in December.
Allianz had agreed to sell Hunter to Pemba Capital Partners in December.
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Lockton taps Aon’s Darryl Lee as head of professional, executive risk
Singapore-based Lee previously worked at Aon for almost eight years, most recently as associate director for financial services and professions group/sales and marketing.
Lockton taps Aon’s Darryl Lee as head of professional, executive risk
Singapore-based Lee previously worked at Aon for almost eight years, most recently as associate director for financial services and professions group/sales and marketing.
Singapore-based Lee previously worked at Aon for almost eight years, most recently as associate director for financial services and professions group/sales and marketing.
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AIG appoints Celina Ennis as ANZ head of operations
Ennis joins from Allianz, where she was national manager for quality assurance since July 2021.
AIG appoints Celina Ennis as ANZ head of operations
Ennis joins from Allianz, where she was national manager for quality assurance since July 2021.
Ennis joins from Allianz, where she was national manager for quality assurance since July 2021.
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Swiss Re CorSo promotes Cyrus Pang to Asia head of claims
Pang has been with Swiss Re CorSo since May 2021, having joined as global head of international programs and customer experience claims.
Swiss Re CorSo promotes Cyrus Pang to Asia head of claims
Pang has been with Swiss Re CorSo since May 2021, having joined as global head of international programs and customer experience claims.
Pang has been with Swiss Re CorSo since May 2021, having joined as global head of international programs and customer experience claims.
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Grab ‘in early stages’ of entering Singapore’s motor insurance market: report
GrabInsure has been hiring staff in recent months, having obtained a general insurance licence from the Monetary Authority of Singapore in December.
Grab ‘in early stages’ of entering Singapore’s motor insurance market: report
GrabInsure has been hiring staff in recent months, having obtained a general insurance licence from the Monetary Authority of Singapore in December.
GrabInsure has been hiring staff in recent months, having obtained a general insurance licence from the Monetary Authority of Singapore in December.
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Canopius boosts APAC casualty, financial lines teams with dual promotions
Brodie English has been promoted as head of casualty for Australia and New Zealand, succeeding Craig Elliot, while Rob Barnum has been named head of financial lines for APAC.
Canopius boosts APAC casualty, financial lines teams with dual promotions
Brodie English has been promoted as head of casualty for Australia and New Zealand, succeeding Craig Elliot, while Rob Barnum has been named head of financial lines for APAC.
Brodie English has been promoted as head of casualty for Australia and New Zealand, succeeding Craig Elliot, while Rob Barnum has been named head of financial lines for APAC.
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Bolttech Insurance Hong Kong ratings affirmed despite fluctuating financial performance: Fitch
The general insurer's net income declined to US$255,000 in 2024 from about US$4m million a year earlier.
Bolttech Insurance Hong Kong ratings affirmed despite fluctuating financial performance: Fitch
The general insurer's net income declined to US$255,000 in 2024 from about US$4m million a year earlier.
The general insurer's net income declined to US$255,000 in 2024 from about US$4m million a year earlier.
Popular posts:
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Not enough, wrong time, or too much: extreme weather forces shift in agri policies to protect APAC’s vulnerable crops
As yields become increasingly variable, demand for mixed solutions that offer broader business interruptions and livelihood protection for farmers, including with governmental support, is rising.
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Even as Trump’s tariffs are halted by US court ruling, trade credit insurers had avoided a ‘knee-jerk reaction’
Ian Leslie, managing director and UK head of trade credit at Marsh Specialty, says insurers had been taking a wait-and-see approach even before a federal court dealt a major blow to the new US administration.
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With delays becoming the new norm for Asia’s cargo market, intensifying risk aggregation threatens capacity
Data shows port congestion issues have significantly worsened, forcing underwriters to rethink their strategies.
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With Australia, India and China inundated by record floods, voices swell to rewrite the nat cat lexicon
Floods in Australia have been widely described as a one-in-500-year event, but such categorisations are now being seen as harmful to the insurance industry.
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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Asia warming to MGAs as regulators, capacity providers embrace niche underwriting: Qubit’s Helen Ye
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Asia firmly in Markel’s sights as it seeks to ‘equip, empower’ amid global leadership shake up
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Munich Re Specialty steps up diversification in Asia with cyber, specie build out
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With boots on the ground in Australia, CFC eyes strong growth, upselling opportunities
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‘Picky and choosy’ Asta owner Davies seeks to remain on the front foot, with Asia in its sights
M&A
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‘Pivotal moment’ as Allianz Australia’s sale of Hunter Premium Funding is finalised
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McLarens-owned Halliwell expands in APAC with double acquisition
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Gallagher Re acquires Beijing-based broker Nongxin
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Generali completes sale of Philippines life business
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Towngas, FSE Nova JV acquires Hong Kong broker Pacific World
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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DeepSeek’s breakthrough in artificial intelligence (AI) has gained a considerable amount of investor attention, lifting sentiment towards Chinese assets. We believe China’s innovation ability is not limited to AI.
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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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Howden Specialty adds Marsh’s HuiLeng Tan to APAC power, renewables team
She had spent the last 10 and a half years with Marsh.
-
Lockton taps Aon’s Darryl Lee as head of professional, executive risk
Singapore-based Lee previously worked at Aon for almost eight years, most recently as associate director for financial services and professions group/sales and marketing.
-
AIG appoints Celina Ennis as ANZ head of operations
Ennis joins from Allianz, where she was national manager for quality assurance since July 2021.
-
Swiss Re CorSo promotes Cyrus Pang to Asia head of claims
Pang has been with Swiss Re CorSo since May 2021, having joined as global head of international programs and customer experience claims.
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Canopius boosts APAC casualty, financial lines teams with dual promotions
Brodie English has been promoted as head of casualty for Australia and New Zealand, succeeding Craig Elliot, while Rob Barnum has been named head of financial lines for APAC.
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Zurich names Suncorp’s Morris Garsin as head of claims excellence for ANZ
Sydney-based Garsin will assume the role in August.
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Howden bolsters Asia marine practice with Markel hire
Zita Fok joins the broker in Hong Kong as divisional director for marine, cargo and logistics.
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Exclusive: Swiss Re CorSo reshuffles APAC leadership as China CEO, Southeast Asia head depart
China CEO Jeffrey Pan will depart by the end of the year, while Singapore-based Didier Bélot will leave the company by the end of August.
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Berkley Insurance Asia hires AIG’s Vivian Chow as commercial PI lead
Chow will join the specialty (re)insurer in Hong Kong, as first reported by IAN, and will manage a newly established commercial professional liability practice.
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Aon promotes Mary-Catherine Hamill to head of construction in Australia
She has been with Aon for over nine and a half years, most recently as specialty solutions placement leader.
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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