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Aon appoints Lloyd’s chief executive John Neal as global reinsurance CEO
Lloyd's confirmed Neal's departure for Aon this year and said that his leaving date will be confirmed in due course.
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Crawford Australia taps new executive adjuster for liability
Paul Hardy joins the firm having most recently spent just under three and a half years as an executive adjuster for Charles Taylor in Victoria, Australia.
Crawford Australia taps new executive adjuster for liability
Paul Hardy joins the firm having most recently spent just under three and a half years as an executive adjuster for Charles Taylor in Victoria, Australia.
Paul Hardy joins the firm having most recently spent just under three and a half years as an executive adjuster for Charles Taylor in Victoria, Australia.
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Sompo beefs up APAC ranks with new chief claims officer
Pablo Diago takes up the Singapore-based role just over a year after joining from Crawford.
Sompo beefs up APAC ranks with new chief claims officer
Pablo Diago takes up the Singapore-based role just over a year after joining from Crawford.
Pablo Diago takes up the Singapore-based role just over a year after joining from Crawford.
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WTW appoints Marsh’s Ostwald Lam as associate director in Hong Kong
Lam, who has around 25 years of industry experience with expertise in claims, will focus on the broker's claims services.
WTW appoints Marsh’s Ostwald Lam as associate director in Hong Kong
Lam, who has around 25 years of industry experience with expertise in claims, will focus on the broker's claims services.
Lam, who has around 25 years of industry experience with expertise in claims, will focus on the broker's claims services.
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Sri Lankan insurers to improve underwriting profitability amid key shifts: Fitch
Insurers are looking to enhance practices and shift focus to more profitable non-motor segments, global rating agency says.
Sri Lankan insurers to improve underwriting profitability amid key shifts: Fitch
Insurers are looking to enhance practices and shift focus to more profitable non-motor segments, global rating agency says.
Insurers are looking to enhance practices and shift focus to more profitable non-motor segments, global rating agency says.
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US-based The Hartford launches on Lloyd’s Singapore platform
Service company, to be led by Zhenghong Pan, will initially write financial lines and credit and political risks coverage through its Syndicate 1221.
US-based The Hartford launches on Lloyd’s Singapore platform
Service company, to be led by Zhenghong Pan, will initially write financial lines and credit and political risks coverage through its Syndicate 1221.
Service company, to be led by Zhenghong Pan, will initially write financial lines and credit and political risks coverage through its Syndicate 1221.
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Renewable energy transition strategic focus in Asia, Charles Taylor says
Nearly US$100trn of infrastructure needs to be built worldwide over the next 25 years, including in Japan, Taiwan, China and Vietnam, says Stephen Thorpe, managing director for Asia at the global loss adjuster.
Renewable energy transition strategic focus in Asia, Charles Taylor says
Nearly US$100trn of infrastructure needs to be built worldwide over the next 25 years, including in Japan, Taiwan, China and Vietnam, says Stephen Thorpe, managing director for Asia at the global loss adjuster.
Nearly US$100trn of infrastructure needs to be built worldwide over the next 25 years, including in Japan, Taiwan, China and Vietnam, says Stephen Thorpe, managing director for Asia at the global loss adjuster.
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Insurers likely to demand further frequency protection in the first half of 2025: Aon
Cedents are looking to restore balance as they have retained nearly 90% of nat cat insured losses in the last two years, according to the broker's Reinsurance Market Dynamics report.
Insurers likely to demand further frequency protection in the first half of 2025: Aon
Cedents are looking to restore balance as they have retained nearly 90% of nat cat insured losses in the last two years, according to the broker's Reinsurance Market Dynamics report.
Cedents are looking to restore balance as they have retained nearly 90% of nat cat insured losses in the last two years, according to the broker's Reinsurance Market Dynamics report.
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China’s big 3 motor insurers poised for further growth as NEVs pick up pace: AM Best
People’s Insurance Company of China (PICC), China Pacific Property Insurance and Ping An Insurance command over 70% of the motor premium share in China.
China’s big 3 motor insurers poised for further growth as NEVs pick up pace: AM Best
People’s Insurance Company of China (PICC), China Pacific Property Insurance and Ping An Insurance command over 70% of the motor premium share in China.
People’s Insurance Company of China (PICC), China Pacific Property Insurance and Ping An Insurance command over 70% of the motor premium share in China.
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Asia cyber pricing may bottom out, but London capacity adds pressure
While claims activity is relatively low, it could catch up, cautions Axa XL’s Samuel Bye, highlighting the increasing frequency of 'mini cats'.
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Carbon projects a global opportunity for insurers, but grey area remains
As the market grows, particularly in Asia, insurers have been quick to step into the sector, but there is a need for greater experience.
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APAC 1.1 renewal dynamics tilt towards buyers: Gallagher Re’s Mark O’Brien
Reinsurers looking to write more and cedents holding limits or buying less drove down prices, said the broker's regional head.
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1.1 property cat renewals see up to 15% rate reductions
Increased reinsurer appetite and reinsurance capacity, as well as muted demand from cedents, signal a return to a soft market in Asia.
Spotlight
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Renewable energy transition strategic focus in Asia, Charles Taylor says
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WRMS’ SecuRisk tackles data and distribution hurdles to enhance climate resilience
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Crawford charts out renewable plans as they look to Asian hubs
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Pricing, deductibles and wordings under pressure in Australian financial lines market
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The industry has to be nimble in dealing with climate risks: Swiss Re’s Lubomir Varbanov
M&A
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Roojai reignites DirectAsia Thailand acquisition
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Allianz withdraws US$1.6bn offer to acquire Singapore’s Income Insurance
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PetroVietnam to fully exit domestic insurance arm by end-2025
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Allianz to scrap US$1.6bn deal to acquire Income Insurance: report
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KDIC picks Meritz Fire & Marine as preferred bidder for MG Non-Life sale
ESG
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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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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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Aon appoints Lloyd’s chief executive John Neal as global reinsurance CEO
Lloyd's confirmed Neal's departure for Aon this year and said that his leaving date will be confirmed in due course.
-
Crawford Australia taps new executive adjuster for liability
Paul Hardy joins the firm having most recently spent just under three and a half years as an executive adjuster for Charles Taylor in Victoria, Australia.
-
Sompo beefs up APAC ranks with new chief claims officer
Pablo Diago takes up the Singapore-based role just over a year after joining from Crawford.
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WTW appoints Marsh’s Ostwald Lam as associate director in Hong Kong
Lam, who has around 25 years of industry experience with expertise in claims, will focus on the broker's claims services.
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US-based The Hartford launches on Lloyd’s Singapore platform
Service company, to be led by Zhenghong Pan, will initially write financial lines and credit and political risks coverage through its Syndicate 1221.
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Chubb elevates Carles Tondo as head of property and technical lines in Singapore
In his new role, Tondo will be responsible for fire, terrorism, construction, power generation and energy.
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Adi Salleh returns to Samsung Re as senior property underwriter
Salleh had previously worked for nine years at Samsung Fire & Marine Insurance, which included just over five years as a fac underwriter for its reinsurance arm.
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Chubb promotes James Brown to head of global broking for Asia
Singapore-based Brown was most recently head of Chubb's major accounts division Singapore.
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Markel hires Zurich’s Jack Taylor to lead new APAC broker engagement role
Singapore-based Taylor will report to the Lloyd's carrier's Asia Pacific managing director, Christian Stobbs.
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Coface names Supanwongse Weeraworawit as Thailand country manager
Bangkok-based Weeraworawit will report to the trade credit insurer’s Asia Pacific CEO Hugh Burke.
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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.
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 Re
Empowering Women in Asia's Insurance Sector
Jacquelyn Goh, Senior Vice President, Country Head Singapore and Head of Asia Pacific Distribution at Allied WorldIndustry 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.
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