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Aon, AIG, Markel, Howden, Miller: 10 APAC insurance people moves of the week
Gallagher, Generali GC&C, Allianz Trade, Crawford, Fusion Specialty, MSIG Asia and WTW Insurance Brokers also made personnel changes over the last week.
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South Korea hit by torrential rain with 4 dead, 500 properties damaged
Over 400mm of rain fell over three days, with most rain-related fatalities reported in South Chungcheong province.
South Korea hit by torrential rain with 4 dead, 500 properties damaged
Over 400mm of rain fell over three days, with most rain-related fatalities reported in South Chungcheong province.
Over 400mm of rain fell over three days, with most rain-related fatalities reported in South Chungcheong province.
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Tonga renews US$17m multi-peril cover with PCRIC
Renewed policy is expected to provide coverage for tropical cyclones, earthquakes, tsunamis, and droughts, and will have a US$1m premium contribution from the Tongan government.
Tonga renews US$17m multi-peril cover with PCRIC
Renewed policy is expected to provide coverage for tropical cyclones, earthquakes, tsunamis, and droughts, and will have a US$1m premium contribution from the Tongan government.
Renewed policy is expected to provide coverage for tropical cyclones, earthquakes, tsunamis, and droughts, and will have a US$1m premium contribution from the Tongan government.
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‘Time for us to leave’: German legal insurer Arag set to exit Australia market
Arag had partnered with HDI Global Specialty to set-up Arag Services Australia in July 2019.
‘Time for us to leave’: German legal insurer Arag set to exit Australia market
Arag had partnered with HDI Global Specialty to set-up Arag Services Australia in July 2019.
Arag had partnered with HDI Global Specialty to set-up Arag Services Australia in July 2019.
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Crawford confirms Tony Chapman as new head of global technical services for Asia
Appointment of Singapore-based Chapman confirms an earlier exclusive from InsuranceAsia News.
Crawford confirms Tony Chapman as new head of global technical services for Asia
Appointment of Singapore-based Chapman confirms an earlier exclusive from InsuranceAsia News.
Appointment of Singapore-based Chapman confirms an earlier exclusive from InsuranceAsia News.
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Seadrif, Gallagher Re pioneer multi-peril parametric sovereign disaster risk policy for Laos
The two-year cover, first to use a government-reported impact-based trigger, expands the original flood-only placement to include typhoon, earthquake, and landslide.
Seadrif, Gallagher Re pioneer multi-peril parametric sovereign disaster risk policy for Laos
The two-year cover, first to use a government-reported impact-based trigger, expands the original flood-only placement to include typhoon, earthquake, and landslide.
The two-year cover, first to use a government-reported impact-based trigger, expands the original flood-only placement to include typhoon, earthquake, and landslide.
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Opinion: How far must temperatures rise before APAC commercial market really walks away from climate risk?
Region is right in the firing line when it comes to climate risk given the increasing scale and frequency of insured losses in recent years.
Opinion: How far must temperatures rise before APAC commercial market really walks away from climate risk?
Region is right in the firing line when it comes to climate risk given the increasing scale and frequency of insured losses in recent years.
Region is right in the firing line when it comes to climate risk given the increasing scale and frequency of insured losses in recent years.
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Toa Re’s FY24 net income grows 83% to US$190.4m, driven by investment gain
Net premiums written, however, fell by 1.8% year on year to US$1.8bn.
Toa Re’s FY24 net income grows 83% to US$190.4m, driven by investment gain
Net premiums written, however, fell by 1.8% year on year to US$1.8bn.
Net premiums written, however, fell by 1.8% year on year to US$1.8bn.
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Allianz Trade promotes Ivy Wanda Sthefvanie to Indonesia commercial manager
Sthefvanie has been with Allianz Trade for nearly seven years since July 2012, most recently as an account manager.
Allianz Trade promotes Ivy Wanda Sthefvanie to Indonesia commercial manager
Sthefvanie has been with Allianz Trade for nearly seven years since July 2012, most recently as an account manager.
Sthefvanie has been with Allianz Trade for nearly seven years since July 2012, most recently as an account manager.
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Envest targets New Zealand expansion, winds up PSC Connect network offering
Envest Group says it will focus on building its branch network under the PSC Insurance Broking banner after the 'difficult decision' was made to wrap up the PSC Connect network after 13 years.
Envest targets New Zealand expansion, winds up PSC Connect network offering
Envest Group says it will focus on building its branch network under the PSC Insurance Broking banner after the 'difficult decision' was made to wrap up the PSC Connect network after 13 years.
Envest Group says it will focus on building its branch network under the PSC Insurance Broking banner after the 'difficult decision' was made to wrap up the PSC Connect network after 13 years.
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Fusion Specialty names Robert Underhill as head of Americas
New York-based Underhill previously led the M&A transactional liability business across the US, Europe, Asia, and Australia for nine years at Berkshire Hathaway.
Fusion Specialty names Robert Underhill as head of Americas
New York-based Underhill previously led the M&A transactional liability business across the US, Europe, Asia, and Australia for nine years at Berkshire Hathaway.
New York-based Underhill previously led the M&A transactional liability business across the US, Europe, Asia, and Australia for nine years at Berkshire Hathaway.
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Aon promotes APAC veteran George Attard to global head of strategy for reinsurance in senior leadership rejig
Broker also announced appointments of Alfonso Valera as CEO of international for reinsurance, responsible for UK, EMEA and APAC, and Tomas Novotny as chairman of international for reinsurance.
Aon promotes APAC veteran George Attard to global head of strategy for reinsurance in senior leadership rejig
Broker also announced appointments of Alfonso Valera as CEO of international for reinsurance, responsible for UK, EMEA and APAC, and Tomas Novotny as chairman of international for reinsurance.
Broker also announced appointments of Alfonso Valera as CEO of international for reinsurance, responsible for UK, EMEA and APAC, and Tomas Novotny as chairman of international for reinsurance.
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Ex-Lloyd’s CEO John Neal changes course, set to join AIG as president
Lloyd's had confirmed Neal’s departure for Aon in January, after he had served as CEO of Lloyd’s since October 2018.
Ex-Lloyd’s CEO John Neal changes course, set to join AIG as president
Lloyd's had confirmed Neal’s departure for Aon in January, after he had served as CEO of Lloyd’s since October 2018.
Lloyd's had confirmed Neal’s departure for Aon in January, after he had served as CEO of Lloyd’s since October 2018.
Popular posts:
- Aon promotes APAC veteran George Attard to global head of strategy for reinsurance in senior leadership rejig
- Ageas eyes deeper Asia presence with three-pronged approach to tried and tested model
- Ex-Lloyd’s CEO John Neal changes course, set to join AIG as president
- Miller launches South Korea marine practice after Marsh team raid
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Asian clients, suppliers facing choppy waters with cargo market braced to navigate intensifying geopolitical risks
Markel's Brook Styles and Wanshi Lin discuss the impact of the conflicts in the Middle East, plus the Russia–Ukraine war and the US tariff regime.
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Tokyo flooding to bring minimal losses, but highlights growing need to adjust underwriting strategies, flood models
While the event may not significantly impact (re)insurance pricing, loss adjusters told InsuranceAsia News that insurers need to respond to increasing attritional nat cat losses.
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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.
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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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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Crawford confirms Tony Chapman as new head of global technical services for Asia
Appointment of Singapore-based Chapman confirms an earlier exclusive from InsuranceAsia News.
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Allianz Trade promotes Ivy Wanda Sthefvanie to Indonesia commercial manager
Sthefvanie has been with Allianz Trade for nearly seven years since July 2012, most recently as an account manager.
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Fusion Specialty names Robert Underhill as head of Americas
New York-based Underhill previously led the M&A transactional liability business across the US, Europe, Asia, and Australia for nine years at Berkshire Hathaway.
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Aon promotes APAC veteran George Attard to global head of strategy for reinsurance in senior leadership rejig
Broker also announced appointments of Alfonso Valera as CEO of international for reinsurance, responsible for UK, EMEA and APAC, and Tomas Novotny as chairman of international for reinsurance.
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Ex-Lloyd’s CEO John Neal changes course, set to join AIG as president
Lloyd's had confirmed Neal’s departure for Aon in January, after he had served as CEO of Lloyd’s since October 2018.
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MSIG Asia snaps up Marsh’s Tijen Joshi for energy, power and construction role
Singapore-based Joshi spent the last two years at Marsh as a senior vice president for claims solutions.
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Markel confirms Chelsea Jiang as greater China managing director
Hong Kong-based Jiang previously was chief technical and innovation officer for general insurance at Axa greater China.
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Christian Stobbs appointed Markel Insurance chief strategy and corporate development officer
Stobbs, who was APAC managing director since 2019, will be based in the US and report to CEO Simon Wilson.
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Generali GC&C names Dan Cunningham head of risk engineering, loss prevention for Asia
Hong Kong-based Cunningham has relocated from London.
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Gallagher India hires Deepika Oswal as national sales leader
Oswal joins from Marsh, where she was national leader, restructuring strategy and senior vice-president for key accounts.
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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''
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