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Eastern Australia battered by deadly storms, tennis ball-sized hail
One person dies as severe thunderstorms, heavy rain, strong winds, flash floods and giant hailstones hit parts of Queensland and New South Wales.
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Tokio Marine, Gallagher, Markel, AIG: 10 APAC insurance people moves of the week
Miller, Aon, Hydor, the Australian Securities and Investments Commission, Crawford, Marsh Asia, WTW, Newline Group and Coface also made personnel changes over the last week.
Tokio Marine, Gallagher, Markel, AIG: 10 APAC insurance people moves of the week
Miller, Aon, Hydor, the Australian Securities and Investments Commission, Crawford, Marsh Asia, WTW, Newline Group and Coface also made personnel changes over the last week.
Miller, Aon, Hydor, the Australian Securities and Investments Commission, Crawford, Marsh Asia, WTW, Newline Group and Coface also made personnel changes over the last week.
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AIG appoints Chubb’s Fery Hakim as Indonesia CEO
Hakim spent almost 11 years at Chubb, most recently as head of broker, bancassurance and multi-finance.
AIG appoints Chubb’s Fery Hakim as Indonesia CEO
Hakim spent almost 11 years at Chubb, most recently as head of broker, bancassurance and multi-finance.
Hakim spent almost 11 years at Chubb, most recently as head of broker, bancassurance and multi-finance.
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Vietnam’s PTI to benefit from remedial measures, portfolio revamp: AM Best
The rating agency has affirmed rating of B++ (good) and upgraded the carrier´s outlook from negative to stable reflecting its strong balance sheet.
Vietnam’s PTI to benefit from remedial measures, portfolio revamp: AM Best
The rating agency has affirmed rating of B++ (good) and upgraded the carrier´s outlook from negative to stable reflecting its strong balance sheet.
The rating agency has affirmed rating of B++ (good) and upgraded the carrier´s outlook from negative to stable reflecting its strong balance sheet.
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India’s non-life segment set for robust growth: AM Best
Despite underwriting losses, the industry posted double-digit premium growth in FY2024, the global rating agency says.
India’s non-life segment set for robust growth: AM Best
Despite underwriting losses, the industry posted double-digit premium growth in FY2024, the global rating agency says.
Despite underwriting losses, the industry posted double-digit premium growth in FY2024, the global rating agency says.
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Liquidation on the cards as MG Non-Life sale hits union roadblock
Korea Deposit Insurance Corporation says preferred bidder Meritz Fire & Marine has been unable to conduct due diligence due to labour union opposition.
Liquidation on the cards as MG Non-Life sale hits union roadblock
Korea Deposit Insurance Corporation says preferred bidder Meritz Fire & Marine has been unable to conduct due diligence due to labour union opposition.
Korea Deposit Insurance Corporation says preferred bidder Meritz Fire & Marine has been unable to conduct due diligence due to labour union opposition.
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Marsh Asia rejigs renewable energy team in Singapore
Martin Beck has been elevated to energy transition leader, with Robert Jones taking up the new role of renewable energy leader.
Marsh Asia rejigs renewable energy team in Singapore
Martin Beck has been elevated to energy transition leader, with Robert Jones taking up the new role of renewable energy leader.
Martin Beck has been elevated to energy transition leader, with Robert Jones taking up the new role of renewable energy leader.
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Crawford strengthens Malaysia team with Sedgwick hire
Global loss adjuster Crawford appoints Tony Kan as director for large and complex loss.
Crawford strengthens Malaysia team with Sedgwick hire
Global loss adjuster Crawford appoints Tony Kan as director for large and complex loss.
Global loss adjuster Crawford appoints Tony Kan as director for large and complex loss.
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Aon rejigs Asia transaction solutions team
Broker promotes Xianwei Lee to head of Mergers & Acquisitions & Transaction Solutions (AMATS) amid four changes to its Singapore-based team.
Aon rejigs Asia transaction solutions team
Broker promotes Xianwei Lee to head of Mergers & Acquisitions & Transaction Solutions (AMATS) amid four changes to its Singapore-based team.
Broker promotes Xianwei Lee to head of Mergers & Acquisitions & Transaction Solutions (AMATS) amid four changes to its Singapore-based team.
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While trade war threat looms for Asia, climate risk needs more than insurance: industry leaders
Marsh McLennan’s Carolina Klint says Asia is particularly exposed given its role in the world’s manufacture of goods.
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California fire losses for Japan’s big 3, Korea’s DB Insurance likely to top US$600m
Tokio Marine Holdings, MS&AD Insurance Group and Sompo Holdings could see claims of up to US$575m, according to media reports, while DB Insurance has estimated US$41m.
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APAC insurance M&A to be fuelled by regulatory scrutiny, private equity
While large insurers and brokers are set to enter new markets, smaller players will seek partners to strengthen their capital positions under new solvency rules, sources tell IAN.
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Asian IP insurance market poised for growth as legislations evolve
Emergence of South-East Asia as a manufacturing hub, and the rise of AI, driving demand for protection, observers say.
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Energy transition needs pragmatism over good intentions, says WTW’s Au
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Asian carriers must expand on renewables as climate losses exceed fossil fuels GWP
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MS&AD reports 18% reduction in greenhouse gas emissions
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UN climate alliance launches net-zero transition guide for insurers
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Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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AIG appoints Chubb’s Fery Hakim as Indonesia CEO
Hakim spent almost 11 years at Chubb, most recently as head of broker, bancassurance and multi-finance.
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Marsh Asia rejigs renewable energy team in Singapore
Martin Beck has been elevated to energy transition leader, with Robert Jones taking up the new role of renewable energy leader.
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Crawford strengthens Malaysia team with Sedgwick hire
Global loss adjuster Crawford appoints Tony Kan as director for large and complex loss.
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Aon rejigs Asia transaction solutions team
Broker promotes Xianwei Lee to head of Mergers & Acquisitions & Transaction Solutions (AMATS) amid four changes to its Singapore-based team.
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Australian corporate regulator appoints Scott Gregson as CEO
Gregson will take over from retiring interim Australian Securities and Investments Commission (ASIC) CEO Greg Yanco in March.
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Coface appoints new head of commercial for Taiwan
Niki Liu will be responsible for driving new business for the trade credit insurer, having previously worked for Aon-COFCO Insurance Brokers and Marsh.
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MGA Hydor appoints Markel’s Colin Fordham as senior marine underwriter
Singapore-based Fordham was most recently senior underwriter and director of marine for Asia at Markel.
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Masahiro Koike set to become Tokio Marine Holdings CEO
Koike will take charge in June, succeeding Satoru Komiya, who will become the chairman of the Japanese insurance group.
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Markel promotes Wanshi Lin to head of Singapore
Lin will oversee the local underwriting team and spearhead business planning and market engagement on the carrier's Lloyd's platform in the newly created role.
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Newline Asia appoints Andy Ang as senior underwriter for financial lines, liability
Kuala Lumpur-based Ang will report to Simon Moi, the carrier's chief underwriting officer for Asia.
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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.
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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.
2004 tsunami: "Memories of the tsunami are painful; they prompt us to reflect on the steps we have taken – and how far we must go – to build the region’s resilience to disasters of this scale in future."
Victor Kuk, Swiss Re