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Asia insurance rates decline 5% in Q2, led by cyber: Marsh
Property insurance rates fell by 5%, while casualty insurance rates declined by 3% and cyber insurance rates decreased by 8%.
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John McLean rejoins QBE as senior claims officer
Sydney-based McLean previously spent nearly 12 years with QBE in claims officer roles between 2007 and 2019.
John McLean rejoins QBE as senior claims officer
Sydney-based McLean previously spent nearly 12 years with QBE in claims officer roles between 2007 and 2019.
Sydney-based McLean previously spent nearly 12 years with QBE in claims officer roles between 2007 and 2019.
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Australia motor body calls out IAG’s ‘fig leaf’ remedy, urges ACCC to block RAC Insurance acquisition
IAG made a remedy offer to the Australian Competition and Consumer Commission (ACCC) in July to secure approval for its US$970m acquisition of the Royal Automobile Club of Western Australia’s insurance business.
Australia motor body calls out IAG’s ‘fig leaf’ remedy, urges ACCC to block RAC Insurance acquisition
IAG made a remedy offer to the Australian Competition and Consumer Commission (ACCC) in July to secure approval for its US$970m acquisition of the Royal Automobile Club of Western Australia’s insurance business.
IAG made a remedy offer to the Australian Competition and Consumer Commission (ACCC) in July to secure approval for its US$970m acquisition of the Royal Automobile Club of Western Australia’s insurance business.
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Indonesia’s Asei downgraded to BB+ by Fitch on capital strain, loss pressures
Weak capitalisation, reserve adjustments and credit insurance risks weigh as insurer works on recovery plan.
Indonesia’s Asei downgraded to BB+ by Fitch on capital strain, loss pressures
Weak capitalisation, reserve adjustments and credit insurance risks weigh as insurer works on recovery plan.
Weak capitalisation, reserve adjustments and credit insurance risks weigh as insurer works on recovery plan.
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Pacific insurance rates drop 13% in Q2, led by property: Marsh
Region saw the steepest decline in rates globally for a second quarter running, according to Marsh’s Global Insurance Market Index.
Pacific insurance rates drop 13% in Q2, led by property: Marsh
Region saw the steepest decline in rates globally for a second quarter running, according to Marsh’s Global Insurance Market Index.
Region saw the steepest decline in rates globally for a second quarter running, according to Marsh’s Global Insurance Market Index.
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Australian gig economy specialist Protect Underwriting launches with Lloyd’s capacity
Sydney-headquartered MGA is backed by Lloyd's syndicate Apollo ibott 1971, with Pantheon Specialty as its London broking partner.
Australian gig economy specialist Protect Underwriting launches with Lloyd’s capacity
Sydney-headquartered MGA is backed by Lloyd's syndicate Apollo ibott 1971, with Pantheon Specialty as its London broking partner.
Sydney-headquartered MGA is backed by Lloyd's syndicate Apollo ibott 1971, with Pantheon Specialty as its London broking partner.
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AM Best maintains stable outlook for South Korea’s non-life insurance market
It is supported by sufficient capital resilience, recent regulatory actions, solid investment performance, and a strategic pivot among insurers toward profitability-focused measures.
AM Best maintains stable outlook for South Korea’s non-life insurance market
It is supported by sufficient capital resilience, recent regulatory actions, solid investment performance, and a strategic pivot among insurers toward profitability-focused measures.
It is supported by sufficient capital resilience, recent regulatory actions, solid investment performance, and a strategic pivot among insurers toward profitability-focused measures.
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Blackstone teams up with ex-HDFC Ergo CEO Anuj Tyagi for India general insurance venture
Blackstone will own 90% of Nxsure General Insurance, while Tyagi will hold a 10% stake, according to local media.
Blackstone teams up with ex-HDFC Ergo CEO Anuj Tyagi for India general insurance venture
Blackstone will own 90% of Nxsure General Insurance, while Tyagi will hold a 10% stake, according to local media.
Blackstone will own 90% of Nxsure General Insurance, while Tyagi will hold a 10% stake, according to local media.
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Coupang warehouse fire could trigger up to US$590m in insured losses: reports
Multi-day blaze at Korean e-commerce giant’s logistics hub this week puts DB Insurance and Meritz-led programs on the hook for potential large-scale claims
Coupang warehouse fire could trigger up to US$590m in insured losses: reports
Multi-day blaze at Korean e-commerce giant’s logistics hub this week puts DB Insurance and Meritz-led programs on the hook for potential large-scale claims
Multi-day blaze at Korean e-commerce giant’s logistics hub this week puts DB Insurance and Meritz-led programs on the hook for potential large-scale claims
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Historical loss experience becoming less reliable guide to future risk: Aon
Global Catastrophe Recap: First Half of 2026 report shows floods in China in May and June were the costliest nat cat event for Asia, with economic losses of about US$4.9bn.
Historical loss experience becoming less reliable guide to future risk: Aon
Global Catastrophe Recap: First Half of 2026 report shows floods in China in May and June were the costliest nat cat event for Asia, with economic losses of about US$4.9bn.
Global Catastrophe Recap: First Half of 2026 report shows floods in China in May and June were the costliest nat cat event for Asia, with economic losses of about US$4.9bn.
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John Neal’s conduct ‘fell significantly below standards’, Lloyd’s finds
UK insurance exchange had opened an investigation in November linked to Neal’s six-year stint as CEO.
John Neal’s conduct ‘fell significantly below standards’, Lloyd’s finds
UK insurance exchange had opened an investigation in November linked to Neal’s six-year stint as CEO.
UK insurance exchange had opened an investigation in November linked to Neal’s six-year stint as CEO.
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Price Forbes Singapore appoints Craig McCoig-Lees as head of casualty MGA
McCoig-Lees, who joins from Howden Re, will be responsible for expanding Price Forbes Re’s MGA proposition.
Price Forbes Singapore appoints Craig McCoig-Lees as head of casualty MGA
McCoig-Lees, who joins from Howden Re, will be responsible for expanding Price Forbes Re’s MGA proposition.
McCoig-Lees, who joins from Howden Re, will be responsible for expanding Price Forbes Re’s MGA proposition.
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APAC insurers face growing stress from nat cat loss triple threat: S&P Global
Rapid AI adoption and converging cybersecurity issues are also risks to sector stability and issuer credit quality.
APAC insurers face growing stress from nat cat loss triple threat: S&P Global
Rapid AI adoption and converging cybersecurity issues are also risks to sector stability and issuer credit quality.
Rapid AI adoption and converging cybersecurity issues are also risks to sector stability and issuer credit quality.
Popular posts:
- Marsh expands US$2.7bn data centre construction insurance facility to Asia
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- John Neal’s conduct ‘fell significantly below standards’, Lloyd’s finds
- APAC (re)insurers poised to seize AI chip opportunity – yet data gaps, cat risks, and a capacity squeeze loom
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‘Climate risk is becoming structural’: El Nino amplifies APAC protection gap as insurers shift to climate-informed models
Low insurance penetration, correlated weather losses and supply-chain stress are turning APAC's agricultural protection gap into a growing portfolio risk, industry insiders tell InsuranceAsia News.
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Trade credit insurance seen as vital shield as global cash collection cycle stalls at ‘high plateau’
As the global cash conversion cycle lingers near decade-high levels, trade credit insurance is becoming an essential tool for businesses navigating supplier insolvency, supply chain disruptions, and new-market expansion.
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‘Super’ El Nino threatens to leave under-insured Asia behind the curve: Munich Re’s Hitesh Kotak
Regional CEO tells InsuranceAsia News' Between the Lines podcast that Asia's 88% insurance gap is 'complacent', while he also discusses AI liability, data centre risks, and what is next after 1.7 renewals.
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APAC (re)insurers poised to seize AI chip opportunity – yet data gaps, cat risks, and a capacity squeeze loom
Surging AI-driven semiconductor investment across Asia brings billion-dollar opportunities – and major underwriting headaches.
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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Supply outstripping demand, but El Nino, Middle East headwinds could shift market: Guy Carpenter’s Tony Gallagher
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BP Marsh homes in on ‘tremendous opportunities’ in APAC insurance distribution niche
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AI rollout, war impacts to drive specialty innovation in greater China: Markel’s Chelsea Jiang
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Hong Kong’s first virtual insurer eyes Malaysia-led Southeast Asia push after hitting ‘critical’ US$100m revenue milestone
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‘Forerunners in the unforeseeable’: Knightcorp challenges the status quo in Australia’s consolidated insurance market
M&A
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Blackstone teams up with ex-HDFC Ergo CEO Anuj Tyagi for India general insurance venture
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Sompo to acquire Brazilian insurer Fator Seguradora
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Australia’s M&A rules becomes DNA of dealmaking as cross-border execution risk rises
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Marsh confirms full ownership of Thailand subsidiary, rebrands as Marsh Risk Thailand
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KKR joins Amwins–Dragoneer consortium in US$5.4bn Steadfast bid
ESG
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Lloyd’s looks for new way to meet diversity challenge after scrapping Dive In festival after 12 years
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Swiss Re faces activist scrutiny for underwriting new LNG terminals, CEO defends ‘very robust’ ESG framework
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QBE hands Mandy Chan expanded role as head of operational power generation, ESG for Asia
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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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Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models.
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Unlike acute illnesses, dementia creates a long tail of financial need and its impact extends well beyond patients.
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John McLean rejoins QBE as senior claims officer
Sydney-based McLean previously spent nearly 12 years with QBE in claims officer roles between 2007 and 2019.
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Price Forbes Singapore appoints Craig McCoig-Lees as head of casualty MGA
McCoig-Lees, who joins from Howden Re, will be responsible for expanding Price Forbes Re’s MGA proposition.
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Niyam Group names Prathemesh Apte as director of risk and compliance
He joins the India-focused reinsurance start-up from Bajaj General Insurance.
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Allianz Commercial names Davinder Panesar as ART business development, underwriting leader for APAC
He will relocate to Singapore from Allianz Commercial in London, where he currently underwrites global captive fronting transactions.
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Allianz Trade promotes Daf Owen to Asia Pacific role to accelerate surety growth
Owen will relocate from Brisbane to Hong Kong and report to Chris Markesteijn, regional head of surety and guarantees for Asia Pacific.
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Mapfre Re India appoints Supreeth TK as non-life treaty underwriter at Gift City
He was most recently assistant vice president, focusing on cat and non-cat treaty at Swiss Re.
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Howden names Elizabeth Antoine to lead new aviation practice in Australia
She has been appointed as a partner having most recently served as a client manager for Gallagher Aviation since January 2021.
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Pinnacle Underwriting taps James Kyte as casualty, financial lines head for ANZ
He joins the Australian fac specialist MGA from Hannover Re, where he was a senior underwriter for cyber and facultative casualty for Australasia.
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Howden bolsters Japan natural resources team with Junichiro Ito as new head
Tokyo-based Ito joins from GE Vernova, having previously spent over 17 years in underwriting roles with Tokio Marine across Singapore and Japan.
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Lloyd’s coverholder Salt hires Chris Dent as marine manager
Sydney-based Dent, who has more than 20 years of marine insurance experience, joins from QBE.
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W&I: "W&I is now being utilised with increasing frequency across a far broader range of deal sizes and geographies in the region. Coverage terms have broadened, retentions have fallen, and underwriting processes are being continually refined to become increasingly streamlined."
Keshaya Yap, Liberty Global Transaction Solutions
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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
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US$100bn cat bond market ‘in reach’ as 2026 heads for record issuance: Gallagher Re
Strong demand from investors for new perils and for risk from underrepresented regions such as Asia Pacific, according to Jason Bolding, CEO of Gallagher Securities.
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Insurance seen as ‘genuine tipping point’ for Asia’s first major carbon capture, storage hubs
Consortium identifies India, Indonesia, Malaysia, and Australia as potential storage sites across the Asia Pacific, but insurers warn projects may not secure financing without long-term risk cover.
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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.
Supply outstripping demand, but headwinds could shift market: Guy Carpenter’s Tony Gallagher
Tony Gallagher, CEO of Asia Pacific at Guy Carpenter, speaks to InsuranceAsia News about the ongoing reinsurance market softening and the forces shaping loss activity and reinsurance buying in the region.
Marine market held its nerve through ‘strange and acute’ Middle East crisis: Markel’s Chelsea Jiang
Chelsea Jiang, managing director greater China at Markel International, discusses the Lloyd’s carrier’s ambitions in the region and how the marine insurance market responded to the crisis in the Strait of Hormuz.
Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services