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Cargo insurers brace for distortion of established shipping patterns amid US-China trade war
Recent escalation following Chinese port fees could bring volatility, accumulation risks, political as well as contractual uncertainty and require commercial adjustments, underwriters say.
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JBA to open India office amid rising demand for flood risk data
The flood modelling specialist's new unit, JBA Risk Management India, will be based in Bangalore and led by managing director Mansi Kalra, who will relocate from Singapore.
JBA to open India office amid rising demand for flood risk data
The flood modelling specialist's new unit, JBA Risk Management India, will be based in Bangalore and led by managing director Mansi Kalra, who will relocate from Singapore.
The flood modelling specialist's new unit, JBA Risk Management India, will be based in Bangalore and led by managing director Mansi Kalra, who will relocate from Singapore.
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Pacific Life Re completes twin Japan asset-intensive flow reinsurance deals
The reinsurer said that its first-ever flow reinsurance transactions in Japan with two undisclosed life insurers represents a 'key milestone' in its expansion into the market.
Pacific Life Re completes twin Japan asset-intensive flow reinsurance deals
The reinsurer said that its first-ever flow reinsurance transactions in Japan with two undisclosed life insurers represents a 'key milestone' in its expansion into the market.
The reinsurer said that its first-ever flow reinsurance transactions in Japan with two undisclosed life insurers represents a 'key milestone' in its expansion into the market.
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ICA declares ‘significant event’ in Queensland after severe hailstorms
The hailstorms in the greater Brisbane region on Sunday have led to over 11,000 claims so far, the industry lobby said.
ICA declares ‘significant event’ in Queensland after severe hailstorms
The hailstorms in the greater Brisbane region on Sunday have led to over 11,000 claims so far, the industry lobby said.
The hailstorms in the greater Brisbane region on Sunday have led to over 11,000 claims so far, the industry lobby said.
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Everest offloads retail commercial renewal rights to AIG
Everest Group has said it will 'sharpen' its focus on its global reinsurance and wholesale and specialty insurance business
Everest offloads retail commercial renewal rights to AIG
Everest Group has said it will 'sharpen' its focus on its global reinsurance and wholesale and specialty insurance business
Everest Group has said it will 'sharpen' its focus on its global reinsurance and wholesale and specialty insurance business
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MSIG appoints Aon veteran Eric Schaap to newly created role to strengthen broker partnerships
Singapore-based Schaap has extensive expertise across broker management, risk maturity modelling, claims systems implementation, and governance-aligned analytics strategy.
MSIG appoints Aon veteran Eric Schaap to newly created role to strengthen broker partnerships
Singapore-based Schaap has extensive expertise across broker management, risk maturity modelling, claims systems implementation, and governance-aligned analytics strategy.
Singapore-based Schaap has extensive expertise across broker management, risk maturity modelling, claims systems implementation, and governance-aligned analytics strategy.
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AUB Group confirms US$3.4bn takeover bid by EQT
ASX-listed broker received an unsolicited and non-binding indicative proposal from Arbutus, an EQT affiliate, on September 26 offering AU$45 cash per share.
AUB Group confirms US$3.4bn takeover bid by EQT
ASX-listed broker received an unsolicited and non-binding indicative proposal from Arbutus, an EQT affiliate, on September 26 offering AU$45 cash per share.
ASX-listed broker received an unsolicited and non-binding indicative proposal from Arbutus, an EQT affiliate, on September 26 offering AU$45 cash per share.
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Axa Tianping P&C handed rating upgrade as portfolio rejig, parent support strengthen performance
S&P Global raised Axa Tianping’s financial strength and long-term issuer credit ratings to ‘A’ from ‘A-’, with a stable outlook.
Axa Tianping P&C handed rating upgrade as portfolio rejig, parent support strengthen performance
S&P Global raised Axa Tianping’s financial strength and long-term issuer credit ratings to ‘A’ from ‘A-’, with a stable outlook.
S&P Global raised Axa Tianping’s financial strength and long-term issuer credit ratings to ‘A’ from ‘A-’, with a stable outlook.
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Australian insurers face wave of claims after severe thunderstorms
Suncorp said it has received thousands of claims from Queensland and Victoria following violent thunderstorms on Sunday.
Australian insurers face wave of claims after severe thunderstorms
Suncorp said it has received thousands of claims from Queensland and Victoria following violent thunderstorms on Sunday.
Suncorp said it has received thousands of claims from Queensland and Victoria following violent thunderstorms on Sunday.
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India’s GIC Re appoints Hitesh Joshi as interim chairman and managing director
The appointment, which is for three months, comes after the retirement of Ramaswamy Narayanan in September.
India’s GIC Re appoints Hitesh Joshi as interim chairman and managing director
The appointment, which is for three months, comes after the retirement of Ramaswamy Narayanan in September.
The appointment, which is for three months, comes after the retirement of Ramaswamy Narayanan in September.
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AUB Group in trading halt amid reports of PE bid
The ASX-listed broker has reportedly received a US$2.6bn bid from Swedish investment firm EQT Group.
AUB Group in trading halt amid reports of PE bid
The ASX-listed broker has reportedly received a US$2.6bn bid from Swedish investment firm EQT Group.
The ASX-listed broker has reportedly received a US$2.6bn bid from Swedish investment firm EQT Group.
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Hong Kong insurers’ H1 GWP at US$7.5bn, underwriting profit at US$180m: HKIA
The industry reported gross claims of US$3.3bn, while overall operating profit stood at US$840m, the regulator said.
Hong Kong insurers’ H1 GWP at US$7.5bn, underwriting profit at US$180m: HKIA
The industry reported gross claims of US$3.3bn, while overall operating profit stood at US$840m, the regulator said.
The industry reported gross claims of US$3.3bn, while overall operating profit stood at US$840m, the regulator said.
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APAC reinsurance market has ‘turned a corner’: Gallagher Re
Reinsurance buyers in APAC have an opportunity to lock in attractive rates at the upcoming 1.1 renewals, according to Gallagher Re
APAC reinsurance market has ‘turned a corner’: Gallagher Re
Reinsurance buyers in APAC have an opportunity to lock in attractive rates at the upcoming 1.1 renewals, according to Gallagher Re
Reinsurance buyers in APAC have an opportunity to lock in attractive rates at the upcoming 1.1 renewals, according to Gallagher Re
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Russian stranded assets now viewed as US$10bn market loss
The bulk of the loss is also likely to be absorbed not by the aviation war market, as originally thought, but actually by the marine market.
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Cyber insurers face ‘rising tide’ of criminal activity
Being prepared and having a playbook that's readily available is key in the face of increasing volume and sophistication of cyber attacks, risk managers say.
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Australia’s proposed reinsurance overhaul to turbo-charge ILS sector
Changes would see a wide-ranging liberalisation of the reinsurance market, including an adjustment to reinstatement requirements, and a more light-touch approach.
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London market seeks global collaboration to address emerging risks
There is a continuous need to monitor and adapt to threats arising from geopolitical unrest, climate extremes, rapid advances in artificial intelligence, malicious cyber-attacks and litigation trends that outpace regulation, according to IUA's underwriting director.
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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Howden remains aggressive on Asia growth, with Japan, employee benefits as key priorities: Rohan Bhappu
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Markel Greater China targets double-digit growth, doubles down on marine, AI risks
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Japanese offshore wind a ‘big opportunity’ for (re)insurers: Tokio Marine
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‘We have to roll with the punches’: testing time for evolving renewable energy market, Tokio Marine GX’s Will Hiller says
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Mapfre Re targets billion-euro Asian GWP milestone: Javier Sánchez Cea
M&A
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AUB Group confirms US$3.4bn takeover bid by EQT
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AUB Group in trading halt amid reports of PE bid
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Exclusive: Blackstone acquires majority stake in India’s Ace Insurance Brokers
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Allianz in pole position to buy Nib Holdings’ travel business: report
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IAG upgrades FY26 guidance following RACQ’s acquisition
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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MSIG appoints Aon veteran Eric Schaap to newly created role to strengthen broker partnerships
Singapore-based Schaap has extensive expertise across broker management, risk maturity modelling, claims systems implementation, and governance-aligned analytics strategy.
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India’s GIC Re appoints Hitesh Joshi as interim chairman and managing director
The appointment, which is for three months, comes after the retirement of Ramaswamy Narayanan in September.
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UIB Asia Singapore’s CEO given expanded role to oversee Labuan operations
Francis Savari has been formally approved by the Labuan Financial Services Authority as principal officer of UIB Labuan.
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Allianz Commercial’s Christian Sandric handed board role in management reshuffle
The insurer has created a new board structure as part of its commitment to deliver 'one face to market.'
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Ex-BMS head of international David Battman joins Huntington Advisory as partner
This appointment coincides with the opening of Huntington Advisory’s London office as part of its international expansion.
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Gareth Edwards joins Berkley Insurance Australia as head of claims
Sydney-based Edwards, who most recently worked at JLT Public Sector, has over two decades of experience in claims.
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Sompo appoints Linda Ng as head of property & multi-lines for Singapore
Ng joins from MSIG Asia, where she served as vice president for reinsurance and claims underwriting, and will report to Li Lian Soong, Sompo's head of property for APAC.
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QBE promotes Chris Killourhy to group CFO
Killourhy replaces Inder Singh, who resigned in August to join National Australia Bank.
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NorthStandard elevates Michael Hustler as head of Asia Pacific
Singapore-based Hustler succeeds David Roberts, who will leave the club in February 2026.
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AIG promotes Jenny Boyd to APAC head of client and broker engagement
Boyd will retain her existing responsibilities as head of multinational APAC, a role she assumed in March last year.
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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
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