-
‘No protection’: 9 out of 10 farmers affected by NSW flood are uninsured
Insurers have received 7,383 claims related to floods as of Friday, according to the Insurance Council of Australia, although farmers are unable to obtain flood cover, according to an insurance adviser in one of the hardest-hit towns.
-
-
Zurich names Suncorp’s Morris Garsin as head of claims excellence for ANZ
Sydney-based Garsin will assume the role in August.
Zurich names Suncorp’s Morris Garsin as head of claims excellence for ANZ
Sydney-based Garsin will assume the role in August.
Sydney-based Garsin will assume the role in August.
-
Howden bolsters Asia marine practice with Markel hire
Zita Fok joins the broker in Hong Kong as divisional director for marine, cargo and logistics.
Howden bolsters Asia marine practice with Markel hire
Zita Fok joins the broker in Hong Kong as divisional director for marine, cargo and logistics.
Zita Fok joins the broker in Hong Kong as divisional director for marine, cargo and logistics.
-
Swiss Re CorSo, Gallagher Re, Aon, Beazley, Sompo: 9 APAC insurance people moves of the week
Berkley Insurance Asia, Lead Insurance Services, Cornerstone Risk Group and Howden also made personnel changes over the last week.
Swiss Re CorSo, Gallagher Re, Aon, Beazley, Sompo: 9 APAC insurance people moves of the week
Berkley Insurance Asia, Lead Insurance Services, Cornerstone Risk Group and Howden also made personnel changes over the last week.
Berkley Insurance Asia, Lead Insurance Services, Cornerstone Risk Group and Howden also made personnel changes over the last week.
-
Typhoons predicted to match 30-year average, but more intense hurricane season likely: Munich Re
In Northwest Pacific, an initial study estimates 25 named cyclones, 16 typhoons and nine severe typhoons in the highest 3–5 category in 2025.
Typhoons predicted to match 30-year average, but more intense hurricane season likely: Munich Re
In Northwest Pacific, an initial study estimates 25 named cyclones, 16 typhoons and nine severe typhoons in the highest 3–5 category in 2025.
In Northwest Pacific, an initial study estimates 25 named cyclones, 16 typhoons and nine severe typhoons in the highest 3–5 category in 2025.
-
‘Recovery doesn’t happen overnight’: NSW floods claims top 7,000
Claims related to the Mid North Coast and Hunter Regions floods have risen to 7,014 on Thursday, up from 6,109 on Wednesday.
‘Recovery doesn’t happen overnight’: NSW floods claims top 7,000
Claims related to the Mid North Coast and Hunter Regions floods have risen to 7,014 on Thursday, up from 6,109 on Wednesday.
Claims related to the Mid North Coast and Hunter Regions floods have risen to 7,014 on Thursday, up from 6,109 on Wednesday.
-
Exclusive: Swiss Re CorSo reshuffles APAC leadership as China CEO, Southeast Asia head depart
China CEO Jeffrey Pan will depart by the end of the year, while Singapore-based Didier Bélot will leave the company by the end of August.
Exclusive: Swiss Re CorSo reshuffles APAC leadership as China CEO, Southeast Asia head depart
China CEO Jeffrey Pan will depart by the end of the year, while Singapore-based Didier Bélot will leave the company by the end of August.
China CEO Jeffrey Pan will depart by the end of the year, while Singapore-based Didier Bélot will leave the company by the end of August.
-
Berkley Insurance Asia hires AIG’s Vivian Chow as commercial PI lead
Chow will join the specialty (re)insurer in Hong Kong, as first reported by IAN, and will manage a newly established commercial professional liability practice.
Berkley Insurance Asia hires AIG’s Vivian Chow as commercial PI lead
Chow will join the specialty (re)insurer in Hong Kong, as first reported by IAN, and will manage a newly established commercial professional liability practice.
Chow will join the specialty (re)insurer in Hong Kong, as first reported by IAN, and will manage a newly established commercial professional liability practice.
-
Asian Re to sustain sound underwriting profitability, rating upgraded: AM Best
AM Best upgrades the reinsurer's insurer rating to B++ (good) from B+ (good), while also revises its outlook to stable from positive.
Asian Re to sustain sound underwriting profitability, rating upgraded: AM Best
AM Best upgrades the reinsurer's insurer rating to B++ (good) from B+ (good), while also revises its outlook to stable from positive.
AM Best upgrades the reinsurer's insurer rating to B++ (good) from B+ (good), while also revises its outlook to stable from positive.
-
Tokio Marine sets up green unit amid push for decarbonised society
Tokio Marine GX will build on the existing work of GCube, Tokio Marine's renewable energy-focused MGA.
Tokio Marine sets up green unit amid push for decarbonised society
Tokio Marine GX will build on the existing work of GCube, Tokio Marine's renewable energy-focused MGA.
Tokio Marine GX will build on the existing work of GCube, Tokio Marine's renewable energy-focused MGA.
-
NSW floods claims jump 20%, clean up and recovery expected to be long-term
Insurers have received more than 6,000 claims relating to the Mid North Coast and Hunter region floods as of Wednesday, according to the Insurance Council of Australia.
NSW floods claims jump 20%, clean up and recovery expected to be long-term
Insurers have received more than 6,000 claims relating to the Mid North Coast and Hunter region floods as of Wednesday, according to the Insurance Council of Australia.
Insurers have received more than 6,000 claims relating to the Mid North Coast and Hunter region floods as of Wednesday, according to the Insurance Council of Australia.
-
Markel Australia launches FI solutions, begins with expanded finpro cover for investment managers
Team will be co-led by senior underwriters Lan Pham, based in Melbourne, and Daisy Galvin, who has transferred to Sydney from London.
Markel Australia launches FI solutions, begins with expanded finpro cover for investment managers
Team will be co-led by senior underwriters Lan Pham, based in Melbourne, and Daisy Galvin, who has transferred to Sydney from London.
Team will be co-led by senior underwriters Lan Pham, based in Melbourne, and Daisy Galvin, who has transferred to Sydney from London.
-
Peak Re expands to North America with Bermuda subsidiary led by Gene Zhang
With a focus on underwriting casualty reinsurance, Peak Re North America 'is a significant step in our group’s global growth strategy', group CEO Franz-Josef Hahn says.
Peak Re expands to North America with Bermuda subsidiary led by Gene Zhang
With a focus on underwriting casualty reinsurance, Peak Re North America 'is a significant step in our group’s global growth strategy', group CEO Franz-Josef Hahn says.
With a focus on underwriting casualty reinsurance, Peak Re North America 'is a significant step in our group’s global growth strategy', group CEO Franz-Josef Hahn says.
Popular posts:
- AIG’s Grant Cairns to join Nigel Fitzgerald’s MGA as founding partner in Australia
- Swiss Re CorSo reshuffles APAC leadership as China CEO, Southeast Asia head depart
- Axa ‘among the first’ to utilise new Hong Kong re-domicile regime, to move Bermudan unit
- Asia warming to MGAs as regulators, capacity providers embrace niche underwriting: Qubit’s Helen Ye
-
Even as Trump’s tariffs are halted by US court ruling, trade credit insurers had avoided a ‘knee-jerk reaction’
Ian Leslie, managing director and UK head of trade credit at Marsh Specialty, says insurers had been taking a wait-and-see approach even before a federal court dealt a major blow to the new US administration.
-
With delays becoming the new norm for Asia’s cargo market, intensifying risk aggregation threatens capacity
Data shows port congestion issues have significantly worsened, forcing underwriters to rethink their strategies.
-
With Australia, India and China inundated by record floods, voices swell to rewrite the nat cat lexicon
Floods in Australia have been widely described as a one-in-500-year event, but such categorisations are now being seen as harmful to the insurance industry.
-
Time to bite the bullet on IFRS 17? Implementation issues still abound in Asia
Despite being formally introduced in several countries in 2023, a number of players in the Asian market continue to struggle with the adoption of new reporting standards, Aon's managing director and APAC head of finance consulting David Mbatha says.
Between The Lines
A fortnightly podcast that unpacks the pivotal stories and trends shaping the (re)insurance industry across Asia Pacific.
Spotlight
-
Asia warming to MGAs as regulators, capacity providers embrace niche underwriting: Qubit’s Helen Ye
-
Asia firmly in Markel’s sights as it seeks to ‘equip, empower’ amid global leadership shake up
-
Munich Re Specialty steps up diversification in Asia with cyber, specie build out
-
With boots on the ground in Australia, CFC eyes strong growth, upselling opportunities
-
‘Picky and choosy’ Asta owner Davies seeks to remain on the front foot, with Asia in its sights
M&A
ESG
-
‘You can’t do it as a hobby’: ESG must be a clear business model with easily measurable targets
-
Carbon specialist Kita expands into Australia
-
Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’
-
With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
-
Aon strengthens Asia natural resources team with senior hire
-
DeepSeek’s breakthrough in artificial intelligence (AI) has gained a considerable amount of investor attention, lifting sentiment towards Chinese assets. We believe China’s innovation ability is not limited to AI.
-
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.
-
Zurich names Suncorp’s Morris Garsin as head of claims excellence for ANZ
Sydney-based Garsin will assume the role in August.
-
Howden bolsters Asia marine practice with Markel hire
Zita Fok joins the broker in Hong Kong as divisional director for marine, cargo and logistics.
-
Exclusive: Swiss Re CorSo reshuffles APAC leadership as China CEO, Southeast Asia head depart
China CEO Jeffrey Pan will depart by the end of the year, while Singapore-based Didier Bélot will leave the company by the end of August.
-
Berkley Insurance Asia hires AIG’s Vivian Chow as commercial PI lead
Chow will join the specialty (re)insurer in Hong Kong, as first reported by IAN, and will manage a newly established commercial professional liability practice.
-
Aon promotes Mary-Catherine Hamill to head of construction in Australia
She has been with Aon for over nine and a half years, most recently as specialty solutions placement leader.
-
Gallagher Re taps Aon Re’s Chulmin Jang as Korea CEO
Jang succeeds Phil Won Jeong, who will become chairman of Gallagher Korea.
-
Sompo Asia Pacific appoints David Chau as senior vice president, head of project management office
Singapore-based Chau will be responsible for leading the new regional project management office and driving key strategic projects in the region.
-
Miller’s Japanese arm names Tokio Marine veteran Naoteru Akigami as CEO
Tokyo-based Akigami took over as head of Lead Insurance Services last month, succeeding Toru Suzuki, who now serves as executive chairman.
-
Beazley strengthens APAC team with double promotion
Singapore-based Kwang Hoon Song and Steven Hatton have been handed expanded marine and political, accident, and contingency risks roles by the specialty insurer.
-
Cornerstone Risk Group expands sport, entertainment team with director hire
Russell McCauley will lead the line for the Ardonagh Group-backed Australian insurance broker.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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''
Marc Krisjanous, SixBlocks Audit