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‘In a more global fashion’: MSIG Specialty Marine targets Asia P&I growth, Singapore underwriting launch
CEO Tom Oostra tells InsuranceAsia News' Between The Lines podcast that the region is getting stronger and stronger and is becoming a more important part of the global market despite a range of challenges facing the marine industry.
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Lloyd’s carriers launch Asia cyber pool
New consortium backed by Antares, Munich Re Specialty, Newline and Tokio Marine Kiln offers up to US$20m XoL capacity.
Lloyd’s carriers launch Asia cyber pool
New consortium backed by Antares, Munich Re Specialty, Newline and Tokio Marine Kiln offers up to US$20m XoL capacity.
New consortium backed by Antares, Munich Re Specialty, Newline and Tokio Marine Kiln offers up to US$20m XoL capacity.
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Delta Australia ropes in BHSI’s David Augustyniak to lead cyber, PI underwriting
Brisbane-based Augustyniak has two decades of experience across underwriting, broking, and portfolio leadership.
Delta Australia ropes in BHSI’s David Augustyniak to lead cyber, PI underwriting
Brisbane-based Augustyniak has two decades of experience across underwriting, broking, and portfolio leadership.
Brisbane-based Augustyniak has two decades of experience across underwriting, broking, and portfolio leadership.
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South Korea flood motor claims rise to US$22m: report
At least 17 people died in floods and landslides caused by the torrential rain, which started last week and intensified over the weekend.
South Korea flood motor claims rise to US$22m: report
At least 17 people died in floods and landslides caused by the torrential rain, which started last week and intensified over the weekend.
At least 17 people died in floods and landslides caused by the torrential rain, which started last week and intensified over the weekend.
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Search for new IRDAI head hits roadblock: report
Top candidates for the role of chairman of the Insurance Regulatory and Development Authority of India (IRDAI) are reported to be unwilling to relocate to Hyderabad.
Search for new IRDAI head hits roadblock: report
Top candidates for the role of chairman of the Insurance Regulatory and Development Authority of India (IRDAI) are reported to be unwilling to relocate to Hyderabad.
Top candidates for the role of chairman of the Insurance Regulatory and Development Authority of India (IRDAI) are reported to be unwilling to relocate to Hyderabad.
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Indian startup Kiwi General Insurance appoints Saurav Jaiswal as CEO
General insurer was founded by private equity firm WestBridge Capital and former Tata AIG CEO Neelesh Garg.
Indian startup Kiwi General Insurance appoints Saurav Jaiswal as CEO
General insurer was founded by private equity firm WestBridge Capital and former Tata AIG CEO Neelesh Garg.
General insurer was founded by private equity firm WestBridge Capital and former Tata AIG CEO Neelesh Garg.
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Australia’s cyclone pool lowering rates in high-risk areas, yet insurance availability unchanged: ACCC
Competition regulator's insurance monitoring report says the pool is having an impact on the premiums of policyholders who live in areas with higher cyclone risk.
Australia’s cyclone pool lowering rates in high-risk areas, yet insurance availability unchanged: ACCC
Competition regulator's insurance monitoring report says the pool is having an impact on the premiums of policyholders who live in areas with higher cyclone risk.
Competition regulator's insurance monitoring report says the pool is having an impact on the premiums of policyholders who live in areas with higher cyclone risk.
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PVI Insurance’s H1 FY25 pre-tax profit tops US$25.8m, representing 41% increase
Original insurance premium revenue for the first half of the year exceeded US$305.8m.
PVI Insurance’s H1 FY25 pre-tax profit tops US$25.8m, representing 41% increase
Original insurance premium revenue for the first half of the year exceeded US$305.8m.
Original insurance premium revenue for the first half of the year exceeded US$305.8m.
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Vietnamese (re)insurers brace for Typhoon Wipha, Hong Kong facing US$255m bill
Heavy rainfall and strong winds are expected across northern Vietnam, posing risks of flooding and damage, particularly in coastal areas.
Vietnamese (re)insurers brace for Typhoon Wipha, Hong Kong facing US$255m bill
Heavy rainfall and strong winds are expected across northern Vietnam, posing risks of flooding and damage, particularly in coastal areas.
Heavy rainfall and strong winds are expected across northern Vietnam, posing risks of flooding and damage, particularly in coastal areas.
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Wenqiao Li returns to Allianz, joins commercial arm as head of distribution management
Hong Kong-based Li joins from Descartes Underwriting.
Wenqiao Li returns to Allianz, joins commercial arm as head of distribution management
Hong Kong-based Li joins from Descartes Underwriting.
Hong Kong-based Li joins from Descartes Underwriting.
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Victor Insurance Australia appoints QBE veteran Dave Burnage as head of programs
Burnage will be responsible for driving underwriting portfolio, expanding program partnerships, and overseeing underwriting strategy at the Marsh-backed MGA.
Victor Insurance Australia appoints QBE veteran Dave Burnage as head of programs
Burnage will be responsible for driving underwriting portfolio, expanding program partnerships, and overseeing underwriting strategy at the Marsh-backed MGA.
Burnage will be responsible for driving underwriting portfolio, expanding program partnerships, and overseeing underwriting strategy at the Marsh-backed MGA.
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Zurich’s David Wang joins Starr Insurance as APAC head of financial lines
Wang spent almost 15 years in a variety of financial lines underwriting roles with Zurich.
Zurich’s David Wang joins Starr Insurance as APAC head of financial lines
Wang spent almost 15 years in a variety of financial lines underwriting roles with Zurich.
Wang spent almost 15 years in a variety of financial lines underwriting roles with Zurich.
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DB Insurance’s operating performance and capital remain strong despite unfavourable economy: AM Best
Rating agency has affirmed the financial strength rating of A+ (superior) and the long-term issuer credit rating of “aa-” (superior) of the South Korean insurer.
DB Insurance’s operating performance and capital remain strong despite unfavourable economy: AM Best
Rating agency has affirmed the financial strength rating of A+ (superior) and the long-term issuer credit rating of “aa-” (superior) of the South Korean insurer.
Rating agency has affirmed the financial strength rating of A+ (superior) and the long-term issuer credit rating of “aa-” (superior) of the South Korean insurer.
Popular posts:
- Aon promotes APAC veteran George Attard to global head of strategy for reinsurance in senior leadership rejig
- Ex-Lloyd’s CEO John Neal changes course, set to join AIG as president
- PVI eyes Hanoi Re divestment plan as part of broader growth push
- Tokyo flooding to bring minimal losses, but highlights growing need to adjust underwriting strategies, flood models
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Australian cyclone season highlights changing landscape, challenges ahead
Ex-Tropical Cyclone Alfred, which caused US$843m in insured losses, was the most high-profile event of the 2024-25 cyclone season that recorded 12 windstorms.
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Asian clients, suppliers facing choppy waters with cargo market braced to navigate intensifying geopolitical risks
Markel's Brook Styles and Wanshi Lin discuss the impact of the conflicts in the Middle East, plus the Russia–Ukraine war and the US tariff regime.
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Tokyo flooding to bring minimal losses, but highlights growing need to adjust underwriting strategies, flood models
While the event may not significantly impact (re)insurance pricing, loss adjusters told InsuranceAsia News that insurers need to respond to increasing attritional nat cat losses.
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Turbulence ahead for aviation market amid renewed warning over ‘downbursts’
Australian airlines face increasing danger as weather risks multiply across the east coast.
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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‘In a more global fashion’: MSIG Specialty Marine targets Asia P&I growth, Singapore underwriting launch
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PVI eyes Hanoi Re divestment plan as part of broader growth push
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Ageas eyes deeper Asia presence with three-pronged approach to tried and tested model
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New Australian MGA says collaboration key for D&O risks ‘no one else will touch’
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‘Asia is core to our strategy’: Swedish Club out to ‘broaden footprint’, with China and India on the radar
M&A
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Allianz ties up with Jio Financial for India reinsurance foray
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Ageas eyes deeper Asia presence with three-pronged approach to tried and tested model
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Mitsui Sumitomo to acquire Japanese W&I specialist MGA Time Machine
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Howden expands Pacific footprint with acquisition of Kiwi broker Sherpa
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Ardonagh strengthens Asia footprint with majority stake in Hong Kong-based Apex
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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The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
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Energy market presents unique risks, especially in a region which includes China and Japan as well as developing nations like Vietnam and the Philippines.
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Businesses are facing a complex transition to non-carbon energy sources amid a push to achieve net-zero emissions for the marine sector by 2050.
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Delta Australia ropes in BHSI’s David Augustyniak to lead cyber, PI underwriting
Brisbane-based Augustyniak has two decades of experience across underwriting, broking, and portfolio leadership.
-
Indian startup Kiwi General Insurance appoints Saurav Jaiswal as CEO
General insurer was founded by private equity firm WestBridge Capital and former Tata AIG CEO Neelesh Garg.
-
Wenqiao Li returns to Allianz, joins commercial arm as head of distribution management
Hong Kong-based Li joins from Descartes Underwriting.
-
Victor Insurance Australia appoints QBE veteran Dave Burnage as head of programs
Burnage will be responsible for driving underwriting portfolio, expanding program partnerships, and overseeing underwriting strategy at the Marsh-backed MGA.
-
Zurich’s David Wang joins Starr Insurance as APAC head of financial lines
Wang spent almost 15 years in a variety of financial lines underwriting roles with Zurich.
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Crawford confirms Tony Chapman as new head of global technical services for Asia
Appointment of Singapore-based Chapman confirms an earlier exclusive from InsuranceAsia News.
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Allianz Trade promotes Ivy Wanda Sthefvanie to Indonesia commercial manager
Sthefvanie has been with Allianz Trade for nearly seven years since July 2012, most recently as an account manager.
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Fusion Specialty names Robert Underhill as head of Americas
New York-based Underhill previously led the M&A transactional liability business across the US, Europe, Asia, and Australia for nine years at Berkshire Hathaway.
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Aon promotes APAC veteran George Attard to global head of strategy for reinsurance in senior leadership rejig
Broker also announced appointments of Alfonso Valera as CEO of international for reinsurance, responsible for UK, EMEA and APAC, and Tomas Novotny as chairman of international for reinsurance.
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Ex-Lloyd’s CEO John Neal changes course, set to join AIG as president
Lloyd's had confirmed Neal’s departure for Aon in January, after he had served as CEO of Lloyd’s since October 2018.
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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.
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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.
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.
Cybersecurity: ''For insurers, rather than treating certifications as sufficient proof of security, they should demand evidence of ongoing monitoring of their security posture''
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