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Petronas faces potential US$5m hit from Malaysia pipeline explosion
National energy company’s captive, Energas, provides up to US$18m of cover, IAN understands.
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WTW’s James Wong joins Oneglobal as head of client services
Singapore-based Wong will lead insurance broker's general lines of business and establish risk advisory services.
WTW’s James Wong joins Oneglobal as head of client services
Singapore-based Wong will lead insurance broker's general lines of business and establish risk advisory services.
Singapore-based Wong will lead insurance broker's general lines of business and establish risk advisory services.
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Cyclone Alfred, north Queensland flood losses top US$751m
Insurers have received more than 105,000 claims following the two events at the start of 2025, according to the Insurance Council of Australia.
Cyclone Alfred, north Queensland flood losses top US$751m
Insurers have received more than 105,000 claims following the two events at the start of 2025, according to the Insurance Council of Australia.
Insurers have received more than 105,000 claims following the two events at the start of 2025, according to the Insurance Council of Australia.
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Allianz Commercial Australia promotes John Whealans to head of broker partnerships
Sydney-based Whealans has been with Allianz since 2020, most recently as a national relationship manager.
Allianz Commercial Australia promotes John Whealans to head of broker partnerships
Sydney-based Whealans has been with Allianz since 2020, most recently as a national relationship manager.
Sydney-based Whealans has been with Allianz since 2020, most recently as a national relationship manager.
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Australia MGA Agile hires Liz Geden as senior liability underwriter
Auckland-based Geden was previoulsy a casualty manager and team leader at Delta, where she had worked for over four years.
Australia MGA Agile hires Liz Geden as senior liability underwriter
Auckland-based Geden was previoulsy a casualty manager and team leader at Delta, where she had worked for over four years.
Auckland-based Geden was previoulsy a casualty manager and team leader at Delta, where she had worked for over four years.
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Gallagher expands in Australia with Tresidder acquisition
Tresidder provides property and casualty brokerage services to commercial and personal lines clients across Australia from offices in Victoria and Queensland.
Gallagher expands in Australia with Tresidder acquisition
Tresidder provides property and casualty brokerage services to commercial and personal lines clients across Australia from offices in Victoria and Queensland.
Tresidder provides property and casualty brokerage services to commercial and personal lines clients across Australia from offices in Victoria and Queensland.
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Allianz Commercial Asia hands Will Slade expanded role as head of portfolio solutions
Singapore-based Slade will assume the new position in addition to his current responsibility as key relationship manager.
Allianz Commercial Asia hands Will Slade expanded role as head of portfolio solutions
Singapore-based Slade will assume the new position in addition to his current responsibility as key relationship manager.
Singapore-based Slade will assume the new position in addition to his current responsibility as key relationship manager.
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Guy Carpenter promotes Stella Geng to head of distribution for APAC
Hong Kong-based Geng was most recently the reinsurance broker's head of climate solutions for Asia Pacific.
Guy Carpenter promotes Stella Geng to head of distribution for APAC
Hong Kong-based Geng was most recently the reinsurance broker's head of climate solutions for Asia Pacific.
Hong Kong-based Geng was most recently the reinsurance broker's head of climate solutions for Asia Pacific.
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Marsh India promotes Riddhiman Kundu
He has been with Marsh for over 10 years, having also worked for ICICI Lombard and ICICI Securities.
Marsh India promotes Riddhiman Kundu
He has been with Marsh for over 10 years, having also worked for ICICI Lombard and ICICI Securities.
He has been with Marsh for over 10 years, having also worked for ICICI Lombard and ICICI Securities.
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Gard appoints Akira Arii as senior adviser, Japanese branch representative
Appointment comes ahead of the retirement of Shuichi Yoshida, who has held the position since 2022.
Gard appoints Akira Arii as senior adviser, Japanese branch representative
Appointment comes ahead of the retirement of Shuichi Yoshida, who has held the position since 2022.
Appointment comes ahead of the retirement of Shuichi Yoshida, who has held the position since 2022.
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April 1 renewal sees healthy reductions in Japan, South Korea as outcomes exceed expectations: Aon
Risk-adjusted rate reductions in the mid-to-high single digits were typical, with double-digit reductions in some territories.
April 1 renewal sees healthy reductions in Japan, South Korea as outcomes exceed expectations: Aon
Risk-adjusted rate reductions in the mid-to-high single digits were typical, with double-digit reductions in some territories.
Risk-adjusted rate reductions in the mid-to-high single digits were typical, with double-digit reductions in some territories.
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Japan rates see ‘accelerated softening’ at April 1: Gallagher Re
Buyers benefited from record reinsurance capital achieving better renewal outcomes with risk-adjusted price reductions and coverage improvements.
Japan rates see ‘accelerated softening’ at April 1: Gallagher Re
Buyers benefited from record reinsurance capital achieving better renewal outcomes with risk-adjusted price reductions and coverage improvements.
Buyers benefited from record reinsurance capital achieving better renewal outcomes with risk-adjusted price reductions and coverage improvements.
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Howden India appoints Aon’s Saurabh Verma as chief business officer
He will be in charge of promoting regional growth and strengthening client connections.
Howden India appoints Aon’s Saurabh Verma as chief business officer
He will be in charge of promoting regional growth and strengthening client connections.
He will be in charge of promoting regional growth and strengthening client connections.
Popular posts:
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Buyers make hay at 1.4 as reinsurers seek growth armed with record-high capital
InsuranceAsia News examines key takeaways from the April 1 renewals commentaries by Aon, Gallagher Re and Howden Re.
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South Korea wildfire claims to ‘pour in’, Japan to see minimum insured losses
Some 48,000 hectares were burned in South Korea, with just over 1,000 hectares impacted in two Japanese prefectures.
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Time to shine a light on the dark fleet, with insurance cover – or the lack of – at the heart of the debate
Oil and gas exports are a key revenue source for Russia, but the sector has been subject to Western sanctions since 2014, leading to a surge in tankers that engage in activities to mask their location and identity.
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Amid abundant capacity, 1.4 renewals could see double-digit rate drop: Aon’s George Attard
APAC reinsurance solutions CEO tells IAN ahead of key renewals that a continuation of 1.1 dynamics has resulted in a favourable environment for buyers.
Spotlight
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With floods high on the list of perils in Asia, modeller gets its feet wet into China and Australia
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‘Narrower, deeper’: US specialty insurer not resting on its laurels with energy, marine, specialty plans for Asia
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Exclusive: London P&I Club to dock in Shanghai, sail on Asian wave amid difficult-to-navigate geopolitical storm
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Lights, camera, action: specialist MGA seeks to punch above its weight, prove good things come in small packages
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ILS specialist Twelve Securis eyes APAC after merger, with parametrics set to open doors
M&A
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Gallagher expands in Australia with Tresidder acquisition
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Bain Capital exits Tower investment via US$50m block deal
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Mitsui Sumitomo agrees to acquire 15% in WR Berkley for about US$3.8bn
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MS&AD to merge Mitsui Sumitomo and Aioi Nissay Dowa by April 2027
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Generali completes acquisition of China P&C business
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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Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
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Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
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Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
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WTW’s James Wong joins Oneglobal as head of client services
Singapore-based Wong will lead insurance broker's general lines of business and establish risk advisory services.
-
Allianz Commercial Australia promotes John Whealans to head of broker partnerships
Sydney-based Whealans has been with Allianz since 2020, most recently as a national relationship manager.
-
Australia MGA Agile hires Liz Geden as senior liability underwriter
Auckland-based Geden was previoulsy a casualty manager and team leader at Delta, where she had worked for over four years.
-
Allianz Commercial Asia hands Will Slade expanded role as head of portfolio solutions
Singapore-based Slade will assume the new position in addition to his current responsibility as key relationship manager.
-
Guy Carpenter promotes Stella Geng to head of distribution for APAC
Hong Kong-based Geng was most recently the reinsurance broker's head of climate solutions for Asia Pacific.
-
Marsh India promotes Riddhiman Kundu
He has been with Marsh for over 10 years, having also worked for ICICI Lombard and ICICI Securities.
-
Gard appoints Akira Arii as senior adviser, Japanese branch representative
Appointment comes ahead of the retirement of Shuichi Yoshida, who has held the position since 2022.
-
Howden India appoints Aon’s Saurabh Verma as chief business officer
He will be in charge of promoting regional growth and strengthening client connections.
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Chubb promotes senior Hong Kong trio
Patrick Wong assumes role of head of global client executive, with Queency Chau and Barry Yu also promoted.
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Korean broker Wise boosts reinsurance team with Drew Yoo appointment
He previously worked for HIS Korea for over three and a half years as a treaty broker.
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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.
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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.
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.
Trade credit: "Trade credit insurers work closely with clients to identify sectors or suppliers that may be at high risk due to tariffs. Trade credit insurance can help stabilise cash flows and provide financial resilience during global trade disruptions."
Nicholas Davies, Markel