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Exclusive: Aon Re loses Asia CEO as trio departs for Gallagher Re
Richard Jones, Kyung Won, and Vinay Ananthanarayanan are set to join Gallagher Re's APAC team in Singapore, IAN can reveal.
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Advocacy group labels ICA’s response to general insurance code review as ‘superficial’
Analysis from the Australian Consumers Insurance Lobby critiques the Insurance Council of Australia's initial response review.
Advocacy group labels ICA’s response to general insurance code review as ‘superficial’
Analysis from the Australian Consumers Insurance Lobby critiques the Insurance Council of Australia's initial response review.
Analysis from the Australian Consumers Insurance Lobby critiques the Insurance Council of Australia's initial response review.
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Zurich’s APAC P&C business grows, GWP up amid ‘stellar performance’ in FY24
Non-life business' COR also improved, driven by rate and claims management in the motor and health portfolios.
Zurich’s APAC P&C business grows, GWP up amid ‘stellar performance’ in FY24
Non-life business' COR also improved, driven by rate and claims management in the motor and health portfolios.
Non-life business' COR also improved, driven by rate and claims management in the motor and health portfolios.
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Australia set for increased summer rainfall, bushfire risks: Gallagher Re
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
Australia set for increased summer rainfall, bushfire risks: Gallagher Re
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
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India’s insurance regulator forms committee to review proposed reforms: reports
Committee, which has already held its first meeting, is being led by former State Bank of India chairman Dinesh Khara.
India’s insurance regulator forms committee to review proposed reforms: reports
Committee, which has already held its first meeting, is being led by former State Bank of India chairman Dinesh Khara.
Committee, which has already held its first meeting, is being led by former State Bank of India chairman Dinesh Khara.
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Fusion Specialty’s APAC GWP up 78% in FY24
Lloyd's coverholder premium growth in other markets exceeded expectations, while globally, premiums were up by 49%.
Fusion Specialty’s APAC GWP up 78% in FY24
Lloyd's coverholder premium growth in other markets exceeded expectations, while globally, premiums were up by 49%.
Lloyd's coverholder premium growth in other markets exceeded expectations, while globally, premiums were up by 49%.
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Chubb Malaysia appoints ex-Olympian Danil Bugakov as P&C head
Bugakov, who represented Uzbekistan at the Athens and Beijing Olympic Games, joins having spent over 11 and a half years with Hannover Re.
Chubb Malaysia appoints ex-Olympian Danil Bugakov as P&C head
Bugakov, who represented Uzbekistan at the Athens and Beijing Olympic Games, joins having spent over 11 and a half years with Hannover Re.
Bugakov, who represented Uzbekistan at the Athens and Beijing Olympic Games, joins having spent over 11 and a half years with Hannover Re.
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Austbrokers Corporate promotes Phillip Agah to head of broking
Agah had joined the AUB Group subsidiary in 2023 as national practice group manager for financial lines.
Austbrokers Corporate promotes Phillip Agah to head of broking
Agah had joined the AUB Group subsidiary in 2023 as national practice group manager for financial lines.
Agah had joined the AUB Group subsidiary in 2023 as national practice group manager for financial lines.
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Markel names Alicia Leong head of marine liabilities in Singapore
She joins from Munich Re Specialty – Global Markets, Syndicate, where she spent close to 10 years as a marine liability underwriter.
Markel names Alicia Leong head of marine liabilities in Singapore
She joins from Munich Re Specialty – Global Markets, Syndicate, where she spent close to 10 years as a marine liability underwriter.
She joins from Munich Re Specialty – Global Markets, Syndicate, where she spent close to 10 years as a marine liability underwriter.
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Time to take plunge on new risk pools as dangers mount, brokers say, but ‘major questions exist’
Lockton Re and Howden Re highlight cyber risks and the wake-up call following the Los Angeles wildfires.
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P&I renewals ‘softer than anticipated’ despite claims, geopolitical pressures
Clubs are seeing moderate rate increases while terms and conditions remain stable, but expect strong growth driven by Asia.
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MS&AD accelerates, while Tokio Marine, Sompo see overseas topline growth moderate in Q3 FY24
MS&AD’s foreign subsidiaries grew NWP by a combined 25%, in contrast to the 1.2% growth posted by Tokio Marine’s international non-life businesses and 0.8% by Sompo’s overseas arms.
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As Trump plays a ‘treacherous trade game’, tariffs solve nothing, leading underwriter says
Sean Dalton, vice president of the International Union of Marine Insurance (IUMI), says the rising risks of an all-out trade war between the US and China are a huge concern for insurers and clients.
Spotlight
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ILS specialist Twelve Securis eyes APAC after merger, with parametrics set to open doors
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JB Boda’s Rohit Boda talks India’s ‘win-win’ FDI change, eyeing emerging markets and cyber
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‘Nimble’ Thomas Miller-backed MGA targets APAC marine, energy ‘grey areas’
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Swiss Re CorSo bets on international programs, ART to differentiate: Ivan Gonzalez
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Renewable energy transition strategic focus in Asia, Charles Taylor says
M&A
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Samsung Life seeks regulatory nod to incorporate group P&C arm as subsidiary: reports
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Hanwha denies reports of selling Carrot Insurance stake amid financial strains
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MG Non-Life sale: KDIC files injunction plea against union
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MG Non-Life owner to move court as talks with union break down: report
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IAG, Allianz said to be in the race for RAC Insurance: report
ESG
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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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Carbon projects a global opportunity for insurers, but grey area remains
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Energy transition needs pragmatism over good intentions, says WTW’s Au
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Exclusive: Aon Re loses Asia CEO as trio departs for Gallagher Re
Richard Jones, Kyung Won, and Vinay Ananthanarayanan are set to join Gallagher Re's APAC team in Singapore, IAN can reveal.
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Chubb Malaysia appoints ex-Olympian Danil Bugakov as P&C head
Bugakov, who represented Uzbekistan at the Athens and Beijing Olympic Games, joins having spent over 11 and a half years with Hannover Re.
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Austbrokers Corporate promotes Phillip Agah to head of broking
Agah had joined the AUB Group subsidiary in 2023 as national practice group manager for financial lines.
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Markel names Alicia Leong head of marine liabilities in Singapore
She joins from Munich Re Specialty – Global Markets, Syndicate, where she spent close to 10 years as a marine liability underwriter.
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Howden Re taps Axa’s Emily Lo for Asia head of analytics role
Lo was general insurance pricing and product development director at Axa Hong Kong and Macau, having joined the company over eight and a half years ago from Swiss Re.
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Tokio Marine Holdings promotes 2 vice president directors amid vast reshuffle
Senior managing directors Kenji Okada and Kichiichiro Yamamoto will take up their new roles as of April 1.
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Austbrokers Corporate promotes John Kay to CEO
Kay joined the AUB Group-owned corporate broking specialist in March 2024 as head of general broking and has been serving as acting CEO since October.
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Labuan Re names Zaid Aziz Ibrahim new CEO
Malaysian reinsurer also appoints Melissa Karim as acting head of underwriting.
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Swiss Re CorSo adds Aristya Wu as underwriter to APAC trade finance, working capital solutions team
Singapore-based Wu joins from Allianz Trade having also worked for Liberty Specialty Markets, Aon and AIA.
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Allied World appoints Hafiz Zakaria as APAC marine underwriter
Singapore-based Zakaria joins the carrier having spent over nine and a half years as an underwriter with AIG.
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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.
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
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