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Gallagher Re to acquire Steadfast Re in APAC expansion push
The acquisition of Steadfast subsidiary is expected to close in Q4 2025.
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‘Fundamental shift’ in risk landscape as average annual losses rise to US$152bn: Verisk
Frequency perils are driving sustained, high-impact losses across geographie and insurers must evolve their strategies to meet this challenge head-on.
‘Fundamental shift’ in risk landscape as average annual losses rise to US$152bn: Verisk
Frequency perils are driving sustained, high-impact losses across geographie and insurers must evolve their strategies to meet this challenge head-on.
Frequency perils are driving sustained, high-impact losses across geographie and insurers must evolve their strategies to meet this challenge head-on.
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Sompo elevates See Ju Chua to head of capital management for APAC
Chua will lead regional capital strategy and regulatory alignment from Singapore and will report to APAC chief financial officer Takashi Kurumisawa.
Sompo elevates See Ju Chua to head of capital management for APAC
Chua will lead regional capital strategy and regulatory alignment from Singapore and will report to APAC chief financial officer Takashi Kurumisawa.
Chua will lead regional capital strategy and regulatory alignment from Singapore and will report to APAC chief financial officer Takashi Kurumisawa.
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Damian Schinck takes the helm at Marsh Pacific as Josh Roach departs
Melbourne-based Schinck will oversee the broker's operations in Australia, New Zealand, Fiji and Papua New Guinea.
Damian Schinck takes the helm at Marsh Pacific as Josh Roach departs
Melbourne-based Schinck will oversee the broker's operations in Australia, New Zealand, Fiji and Papua New Guinea.
Melbourne-based Schinck will oversee the broker's operations in Australia, New Zealand, Fiji and Papua New Guinea.
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Gallagher Australia taps Marsh veteran Alex Lumby as chief executive
Lumby, who was head of Mercer Marsh Benefits and chief client officer of Marsh Pacific, will succeed Sarah Lyons, who relocated to UK earlier this year, a Gallagher spokesperson told IAN.
Gallagher Australia taps Marsh veteran Alex Lumby as chief executive
Lumby, who was head of Mercer Marsh Benefits and chief client officer of Marsh Pacific, will succeed Sarah Lyons, who relocated to UK earlier this year, a Gallagher spokesperson told IAN.
Lumby, who was head of Mercer Marsh Benefits and chief client officer of Marsh Pacific, will succeed Sarah Lyons, who relocated to UK earlier this year, a Gallagher spokesperson told IAN.
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Gallagher India appoints Ishita Gogia as renewable energy lead
Gogia joins from WTW, where she spent over five years.
Gallagher India appoints Ishita Gogia as renewable energy lead
Gogia joins from WTW, where she spent over five years.
Gogia joins from WTW, where she spent over five years.
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QBE Malaysia appoints Soon Keong Tio as CEO, succeeding Sunther Kuppan
Tio was most recently chief executive of Cambodian carrier Campu Lonpac Insurance.
QBE Malaysia appoints Soon Keong Tio as CEO, succeeding Sunther Kuppan
Tio was most recently chief executive of Cambodian carrier Campu Lonpac Insurance.
Tio was most recently chief executive of Cambodian carrier Campu Lonpac Insurance.
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WTW strengthens Southeast Asia H&B leadership with trio of appointments
Broker's health and benefits team has appointed Aon's Fong Han Wei as the head of Singapore, while Eva Liu has taken on an expanded regional role, and Lim Choo Ho has been promoted to head of Malaysia.
WTW strengthens Southeast Asia H&B leadership with trio of appointments
Broker's health and benefits team has appointed Aon's Fong Han Wei as the head of Singapore, while Eva Liu has taken on an expanded regional role, and Lim Choo Ho has been promoted to head of Malaysia.
Broker's health and benefits team has appointed Aon's Fong Han Wei as the head of Singapore, while Eva Liu has taken on an expanded regional role, and Lim Choo Ho has been promoted to head of Malaysia.
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Policybazaar for Business expands to UAE, Qatar, Oman, Sri Lanka
Indian reinsurance broker, which offer fac and treaty placements spanning property, marine, liability, cyber and climate-linked risks, seeks to build a pan-Asian and Middle Eastern reinsurance presence, as first reported by IAN.
Policybazaar for Business expands to UAE, Qatar, Oman, Sri Lanka
Indian reinsurance broker, which offer fac and treaty placements spanning property, marine, liability, cyber and climate-linked risks, seeks to build a pan-Asian and Middle Eastern reinsurance presence, as first reported by IAN.
Indian reinsurance broker, which offer fac and treaty placements spanning property, marine, liability, cyber and climate-linked risks, seeks to build a pan-Asian and Middle Eastern reinsurance presence, as first reported by IAN.
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Asean trio top IUMI’s emerging ‘wish list’ ahead of Singapore conference
International Union of Marine Insurance (IUMI) secretary general Lars Lange also discusses addressing emerging risks from geopolitics, technology, and sustainability as the industry gathers for the annual conference.
Asean trio top IUMI’s emerging ‘wish list’ ahead of Singapore conference
International Union of Marine Insurance (IUMI) secretary general Lars Lange also discusses addressing emerging risks from geopolitics, technology, and sustainability as the industry gathers for the annual conference.
International Union of Marine Insurance (IUMI) secretary general Lars Lange also discusses addressing emerging risks from geopolitics, technology, and sustainability as the industry gathers for the annual conference.
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Australian loss adjuster Arc Assessing sells majority stake to Adenes Group
Machinery, heavy vehicles and plant specialist joins Adenes' Vering network.
Australian loss adjuster Arc Assessing sells majority stake to Adenes Group
Machinery, heavy vehicles and plant specialist joins Adenes' Vering network.
Machinery, heavy vehicles and plant specialist joins Adenes' Vering network.
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Willis hires Ameya Kane, Arjun Cherukunnathu to strengthen India finex team
Pune-based Kane and Bangalore-based Cherukunnathu named vice presidents.
Willis hires Ameya Kane, Arjun Cherukunnathu to strengthen India finex team
Pune-based Kane and Bangalore-based Cherukunnathu named vice presidents.
Pune-based Kane and Bangalore-based Cherukunnathu named vice presidents.
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Howden names Vladimir Ljubisavljevic as divisional director for marine, cargo & logistics practice
Singapore-based Ljubisavljevic joins from NorthStandard, where he was the offshore and renewables underwriting director.
Howden names Vladimir Ljubisavljevic as divisional director for marine, cargo & logistics practice
Singapore-based Ljubisavljevic joins from NorthStandard, where he was the offshore and renewables underwriting director.
Singapore-based Ljubisavljevic joins from NorthStandard, where he was the offshore and renewables underwriting director.
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Product recall cover in the spotlight as US bans Indonesian shrimp over ‘disturbing’ Fukushima radiation link
US Food and Drug Administration has cracked down on imports from BMS Foods, but the link with Japan’s nuclear power plant has been questioned.
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Where there’s smoke, there’s fire: as enhanced EV risks rise, insurers urged to find ‘viable solutions’ with demand set to grow
Marine insurers are growing increasingly concerned over the risk posed by the transportation of electric vehicles and lithium-ion batteries.
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APAC upstream market continues to navigate difficult conditions as double-digit rate reductions energise buyers
Increased underwriting capacity, limited catastrophic loss activity, and heightened competition among insurers suggest there is sustained downward pressure of 5-12.5% on premium rates.
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Asia’s revitalised art market attracts new capacity as demand for tailored cover grows
Fion Ko, associate director of fine art and specie for Asia at Willis, tells InsuranceAsia News' Between The Lines podcast that an increasing demand for digital art is posing challenges as the market finds ways to cover the emerging risks.
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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Asean trio top IUMI’s emerging ‘wish list’ ahead of Singapore conference
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Parametric insurance must simplify to boost public sector adoption: Seadrif’s Benedikt Signer
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Amid breakout year, Willis supercharges Japan team as broker eyes a bigger piece of the pie
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US tariffs haven’t really landed on P&I, West’s David Griffiths says, as China’s influence grows
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Crawford eyes India, China potential amid regional consolidation drive: Scott Reichelt
M&A
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Gallagher Re to acquire Steadfast Re in APAC expansion push
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Australian loss adjuster Arc Assessing sells majority stake to Adenes Group
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BP Marsh-backed Pantheon acquires 25% stake in Hong Kong broking startup Fraction
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IAG closes US$560m RACQ tie-up as insurer completes ‘significant step’
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Steadfast snaps up US MGA and wholesale broker Novum Underwriting
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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With the insurance industry facing an inflection point, the new imperative is seen as becoming active creators of risk intelligence.
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Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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Sompo elevates See Ju Chua to head of capital management for APAC
Chua will lead regional capital strategy and regulatory alignment from Singapore and will report to APAC chief financial officer Takashi Kurumisawa.
-
Damian Schinck takes the helm at Marsh Pacific as Josh Roach departs
Melbourne-based Schinck will oversee the broker's operations in Australia, New Zealand, Fiji and Papua New Guinea.
-
Gallagher Australia taps Marsh veteran Alex Lumby as chief executive
Lumby, who was head of Mercer Marsh Benefits and chief client officer of Marsh Pacific, will succeed Sarah Lyons, who relocated to UK earlier this year, a Gallagher spokesperson told IAN.
-
Gallagher India appoints Ishita Gogia as renewable energy lead
Gogia joins from WTW, where she spent over five years.
-
QBE Malaysia appoints Soon Keong Tio as CEO, succeeding Sunther Kuppan
Tio was most recently chief executive of Cambodian carrier Campu Lonpac Insurance.
-
WTW strengthens Southeast Asia H&B leadership with trio of appointments
Broker's health and benefits team has appointed Aon's Fong Han Wei as the head of Singapore, while Eva Liu has taken on an expanded regional role, and Lim Choo Ho has been promoted to head of Malaysia.
-
Willis hires Ameya Kane, Arjun Cherukunnathu to strengthen India finex team
Pune-based Kane and Bangalore-based Cherukunnathu named vice presidents.
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Howden names Vladimir Ljubisavljevic as divisional director for marine, cargo & logistics practice
Singapore-based Ljubisavljevic joins from NorthStandard, where he was the offshore and renewables underwriting director.
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Agile appoints Gordon McNab to lead construction build out
Appointment marks Australian MGA's expansion into contract works insurance with Lloyd's capacity.
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Aon hires Bonjay Koo as enterprise client leader, Asia Pacific for South Korea
Koo, who joins from Deloitte, will report to Craig Torgius, chief client officer and head of enterprise clients for Asia Pacific, and work closely with Korea CEO Kevin Kim.
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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.
Building resilience and mitigating risk in APAC's commercial property insurance market
Martin Au-Yeung, Vice President, Division Underwriting Manager at FM
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 AonIndustry 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.
Aviation : ''Without a deeper talent pipeline, better training infrastructure, and more rigorous oversight, the region’s capacity to meet rising demand may falter, impacting insurers and operators alike''
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