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What’s on the horizon for APAC’s rating environment in 2026?
AM Best, Fitch, S&P Global Ratings, and Moody’s Ratings have optimistic views of the Asia-Pacific insurers for the coming year, but there are a range of factors which will make it a dynamic 12 months.
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Fac reinsurance MGA Pinnacle Underwriting promotes Benjamin Mogford to ANZ head of property
Melbourne-based Mogfold joined Pinnacle in 2022 as deputy head of property and energy for ANZ following his over four-year stint at Zurich.
Fac reinsurance MGA Pinnacle Underwriting promotes Benjamin Mogford to ANZ head of property
Melbourne-based Mogfold joined Pinnacle in 2022 as deputy head of property and energy for ANZ following his over four-year stint at Zurich.
Melbourne-based Mogfold joined Pinnacle in 2022 as deputy head of property and energy for ANZ following his over four-year stint at Zurich.
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HDI names Kenneth Law as North Asia property underwriting manager
He takes over from Eric Fung, who will retire in June.
HDI names Kenneth Law as North Asia property underwriting manager
He takes over from Eric Fung, who will retire in June.
He takes over from Eric Fung, who will retire in June.
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AIG taps Chubb’s Ryan Spettigue as client and broker engagement head in Australia
He spent the last 14 years at Chubb, most recently as national relationship manager for its global brokers strategy in Australia.
AIG taps Chubb’s Ryan Spettigue as client and broker engagement head in Australia
He spent the last 14 years at Chubb, most recently as national relationship manager for its global brokers strategy in Australia.
He spent the last 14 years at Chubb, most recently as national relationship manager for its global brokers strategy in Australia.
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Strong capacity, growth appetite drive favourable 1.1 renewals outcomes: Howden
APAC's risk-adjusted pricing for loss-free XoL programs generally falls by 10-20%.
Strong capacity, growth appetite drive favourable 1.1 renewals outcomes: Howden
APAC's risk-adjusted pricing for loss-free XoL programs generally falls by 10-20%.
APAC's risk-adjusted pricing for loss-free XoL programs generally falls by 10-20%.
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ARPC declares end of Tropical Cyclone Grant after 282 hours
It had passed the remote Australian territory of the Cocos (Keeling) Islands in the Indian Ocean last week.
ARPC declares end of Tropical Cyclone Grant after 282 hours
It had passed the remote Australian territory of the Cocos (Keeling) Islands in the Indian Ocean last week.
It had passed the remote Australian territory of the Cocos (Keeling) Islands in the Indian Ocean last week.
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Asia Pacific sees larger property cat rate reductions during 1.1 renewals: Gallagher Re
Clients in Asia Pacific and other regions enjoying 'significant rate reductions' because of 'plentiful capacity', Gallagher Re CEO Tom Wakefield says.
Asia Pacific sees larger property cat rate reductions during 1.1 renewals: Gallagher Re
Clients in Asia Pacific and other regions enjoying 'significant rate reductions' because of 'plentiful capacity', Gallagher Re CEO Tom Wakefield says.
Clients in Asia Pacific and other regions enjoying 'significant rate reductions' because of 'plentiful capacity', Gallagher Re CEO Tom Wakefield says.
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ARB, Sompo, Munich Re, bolttech: 7 APAC insurance people moves of the week
Aon, Crawford and Miller also made personnel changes over the last week, while we also wrap up the main moves over the holiday season.
ARB, Sompo, Munich Re, bolttech: 7 APAC insurance people moves of the week
Aon, Crawford and Miller also made personnel changes over the last week, while we also wrap up the main moves over the holiday season.
Aon, Crawford and Miller also made personnel changes over the last week, while we also wrap up the main moves over the holiday season.
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Marsh’s Avishek Rath joins Aon India as head of growth for facultative reinsurance solutions
He spent almost two decades at Marsh, most recently as head of the government business group since November 2024.
Marsh’s Avishek Rath joins Aon India as head of growth for facultative reinsurance solutions
He spent almost two decades at Marsh, most recently as head of the government business group since November 2024.
He spent almost two decades at Marsh, most recently as head of the government business group since November 2024.
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Korean broker Wise restructures reinsurance team
Head of reinsurance and speciality Won Lee will head the overall team, supported by Yubeom Kim and Jae Bok Cheong.
Korean broker Wise restructures reinsurance team
Head of reinsurance and speciality Won Lee will head the overall team, supported by Yubeom Kim and Jae Bok Cheong.
Head of reinsurance and speciality Won Lee will head the overall team, supported by Yubeom Kim and Jae Bok Cheong.
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Koo Rosalind joins Miller as claims executive
Singapore-based Koo most recently spent almost nine years as vice president and claims team leader at Marsh.
Koo Rosalind joins Miller as claims executive
Singapore-based Koo most recently spent almost nine years as vice president and claims team leader at Marsh.
Singapore-based Koo most recently spent almost nine years as vice president and claims team leader at Marsh.
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Hanwha General Insurance secures controlling stake in Indonesia’s Lippo General Insurance
Korean insurer has increased its shareholding to 61.5% after acquiring a 46.6% stake previously held by Hanwha Life Insurance Indonesia.
Hanwha General Insurance secures controlling stake in Indonesia’s Lippo General Insurance
Korean insurer has increased its shareholding to 61.5% after acquiring a 46.6% stake previously held by Hanwha Life Insurance Indonesia.
Korean insurer has increased its shareholding to 61.5% after acquiring a 46.6% stake previously held by Hanwha Life Insurance Indonesia.
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Go Digit General Insurance board approves holding company merger
Move by Indian digital insurer marks the first transaction following changes to India’s insurance laws that allow mergers between insurance firms and non-insurance holding companies.
Go Digit General Insurance board approves holding company merger
Move by Indian digital insurer marks the first transaction following changes to India’s insurance laws that allow mergers between insurance firms and non-insurance holding companies.
Move by Indian digital insurer marks the first transaction following changes to India’s insurance laws that allow mergers between insurance firms and non-insurance holding companies.
Popular posts:
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Cedents still ‘exploring’ options after 1.1 renewals under softening market
Guy Carpenter expects dedicated reinsurance capital to grow by around 9% in 2025, reaching approximately US$660bn, with Asia Pacific CEO Tony Gallagher telling InsuranceAsia News that the market remains highly competitive, with increased capacity and strong quoting activity.
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1.1 renewals steady despite delays as excess capacity drives softer pricing across APAC
Reinsurers and brokers report competitive pricing, stable terms, and selective loss impacts, with abundant capacity reshaping negotiations and, in some cases, cedents pushing for up to 20% rate reductions.
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AI can offset carbon risk gaps for insurers, with APAC at the forefront
Carbon offset platform market industry value has been put at US$190.7bn, but that figure is forecast to grow to US$1.6trn in the next decade.
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Rise of zombie companies, supply chain nerves propel demand for trade credit insurance
Asia is set to be the largest contributor to insolvency increases accounting for half of the global rise in 2025, Allianz Trade’s Hassan Omaish says.
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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Acord aims for ‘absolute sweet spot’ with Singapore roll out of digital messaging platform
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Hong Kong to ‘anchor’ Sun Life’s APAC growth push after fantastic 2025: Manjit Singh
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‘Enabling, not disrupting’: bolttech’s data-driven push to close the global protection gap
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Descartes shakes things up with Japan earthquake launch, treaty parametric push to drive APAC growth
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HDI Global eyes ‘one-stop shop’ with further hires, product launches in Southeast Asia
M&A
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Hanwha General Insurance secures controlling stake in Indonesia’s Lippo General Insurance
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Go Digit General Insurance board approves holding company merger
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Howden expands Australia footprint with CorpSure Cairns acquisition
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Aon’s Blossom Lim joins Howden as senior director for M&A in Asia
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‘Humming’ India to be priority for insurers in 2026 amid market reforms, GDP growth
ESG
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Carbon credit specialist Oka launches in Singapore
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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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Cybersecurity is no longer just an IT concern, but a governance issue that belongs on the boardroom agenda.
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Insurance industry needs to recalibrate, invest in innovation and strengthen systems, talent and data practices.
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Fac reinsurance MGA Pinnacle Underwriting promotes Benjamin Mogford to ANZ head of property
Melbourne-based Mogfold joined Pinnacle in 2022 as deputy head of property and energy for ANZ following his over four-year stint at Zurich.
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HDI names Kenneth Law as North Asia property underwriting manager
He takes over from Eric Fung, who will retire in June.
-
AIG taps Chubb’s Ryan Spettigue as client and broker engagement head in Australia
He spent the last 14 years at Chubb, most recently as national relationship manager for its global brokers strategy in Australia.
-
Marsh’s Avishek Rath joins Aon India as head of growth for facultative reinsurance solutions
He spent almost two decades at Marsh, most recently as head of the government business group since November 2024.
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Koo Rosalind joins Miller as claims executive
Singapore-based Koo most recently spent almost nine years as vice president and claims team leader at Marsh.
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Asia Reinsurance Brokers names Aon’s Inti Amaliah as president for Indonesia
She has more than 27 years of experience in the (re)insurance industry, and will assume the new role on January 12, subject to regulatory approval.
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bolttech hands John Chan, Aesop Ahn expanded roles
Insurtech appoints Chan general manager for Thailand, replacing Aesop Ahn, who is transitioning into the role of director for special projects.
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Munich Re names Eric Zhao Beijing branch CEO, succeeding Adrian Goh
Goh will become the reinsurer's regional chief risk officer from February 1.
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Sompo Hong Kong taps Will Wang as head of casualty
He relocates to Hong Kong for the role that also covers Macau and Taiwan.
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Crawford snaps up Tony Tung Yu Lin to join Taiwan engineering team
He joins from WSP in Asia, where he had served as a civil structural engineer since March.
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W&I: "W&I is now being utilised with increasing frequency across a far broader range of deal sizes and geographies in the region. Coverage terms have broadened, retentions have fallen, and underwriting processes are being continually refined to become increasingly streamlined."
Keshaya Yap, Liberty Global Transaction Solutions
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Nuclear: "The insurance sector is poised to play a central and enabling role in Asia’s nuclear expansion. As countries in the region move from exploration to active planning and construction – especially with a focus on SMRs – they will require innovative risk transfer solutions."
Clifford Blayney, Markel International
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Lloyd’s Asia surpasses US$1bn GWP milestone in 2024 amid double-digit growth
Offshore fund demonstrates strong performance despite challenges in the Singapore unit and varied underwriting results across business lines.
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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.
Cyber insurance has a long way to go to reach next level, says WTW’s Carlos Grijalva, amid soaring demand in Asia
Carlos Grijalva, cyber leader for Hong Kong and greater China at WTW, talks to InsuranceAsia News about the development of the cyber market in Asia.
Building resilience, mitigating risk in APAC’s commercial property insurance market
Martin Au-Yeung, vice president and division underwriting manager at FM, talks to InsuranceAsia News.
Marine: "Post-pandemic machinery-related losses have become an even more significant issue. Mechanical failures can undermine vessel safety, operational integrity, regulatory compliance, reputation, and even financial stability."
Bo Yu, Markel