-
‘Valuable partners for insurers’: APAC’s thriving MGA market set for significant growth, Guy Carpenter’s Steve Warwick says
China, Japan and South Korea have longer-term potential alongside existing key regions as insurers increasingly show interest in this booming route to market.
-
-
Aon New Zealand appoints Adrienne Booth as executive director for transaction solutions
Booth returns to her native New Zealand having most recently been head of commercial law at Aon in the UK.
Aon New Zealand appoints Adrienne Booth as executive director for transaction solutions
Booth returns to her native New Zealand having most recently been head of commercial law at Aon in the UK.
Booth returns to her native New Zealand having most recently been head of commercial law at Aon in the UK.
-
Asia Pacific M&A rebound drives W&I adoption, claims: Aon
Notably, all 2024 tax notifications with the broker's Asia team involved Indian policies.
Asia Pacific M&A rebound drives W&I adoption, claims: Aon
Notably, all 2024 tax notifications with the broker's Asia team involved Indian policies.
Notably, all 2024 tax notifications with the broker's Asia team involved Indian policies.
-
Capital buffers, retrocession covers to sustain growth of Indonesia’s Maipark: Fitch
Credit rating agency upgraded Maipark’s rating to A+(idn), from A(idn), with a stable outlook.
Capital buffers, retrocession covers to sustain growth of Indonesia’s Maipark: Fitch
Credit rating agency upgraded Maipark’s rating to A+(idn), from A(idn), with a stable outlook.
Credit rating agency upgraded Maipark’s rating to A+(idn), from A(idn), with a stable outlook.
-
Sompo announces key APAC, Singapore hires
Insurer appoints Jin Sheng Ooi as head of accident and health pricing for Asia Pacific, and Jun Zhe Ng as chief consumer officer in Singapore.
Sompo announces key APAC, Singapore hires
Insurer appoints Jin Sheng Ooi as head of accident and health pricing for Asia Pacific, and Jun Zhe Ng as chief consumer officer in Singapore.
Insurer appoints Jin Sheng Ooi as head of accident and health pricing for Asia Pacific, and Jun Zhe Ng as chief consumer officer in Singapore.
-
Zurich hands Jim Qin expanded role as CEO for Hong Kong life and general insurance arms
Qin has been the CEO for the global insurer's Hong Kong general insurance business since 2021.
Zurich hands Jim Qin expanded role as CEO for Hong Kong life and general insurance arms
Qin has been the CEO for the global insurer's Hong Kong general insurance business since 2021.
Qin has been the CEO for the global insurer's Hong Kong general insurance business since 2021.
-
Emerging Asia ex-China to boost non-life premiums as global growth decelerates amid US tariff policy: Swiss Re
Global non-life premiums expected to grow 2.6% in real terms to US$4.8trn in 2025, according to the reinsurer's Sigma report.
Emerging Asia ex-China to boost non-life premiums as global growth decelerates amid US tariff policy: Swiss Re
Global non-life premiums expected to grow 2.6% in real terms to US$4.8trn in 2025, according to the reinsurer's Sigma report.
Global non-life premiums expected to grow 2.6% in real terms to US$4.8trn in 2025, according to the reinsurer's Sigma report.
-
Dual confirms new ANZ regional leadership line-up with dual promotions
Howden-owned MGA appoints Michael Ussher and Paula Sheppard-Jones as managing directors of Australia and New Zealand, respectively.
Dual confirms new ANZ regional leadership line-up with dual promotions
Howden-owned MGA appoints Michael Ussher and Paula Sheppard-Jones as managing directors of Australia and New Zealand, respectively.
Howden-owned MGA appoints Michael Ussher and Paula Sheppard-Jones as managing directors of Australia and New Zealand, respectively.
-
Mitsui Sumitomo to acquire Japanese W&I specialist MGA Time Machine
Japanese insurance group MSI will take a majority ownership of the MGA on August 1, and the remaining shares later to make it a 100% subsidiary.
Mitsui Sumitomo to acquire Japanese W&I specialist MGA Time Machine
Japanese insurance group MSI will take a majority ownership of the MGA on August 1, and the remaining shares later to make it a 100% subsidiary.
Japanese insurance group MSI will take a majority ownership of the MGA on August 1, and the remaining shares later to make it a 100% subsidiary.
-
Canopius recruits Gallagher Re’s Micia Yong as APAC head of property and specialty treaty
Yong will be based in Singapore and and report directly to APAC and MENA CEO Soon Keen Lee.
Canopius recruits Gallagher Re’s Micia Yong as APAC head of property and specialty treaty
Yong will be based in Singapore and and report directly to APAC and MENA CEO Soon Keen Lee.
Yong will be based in Singapore and and report directly to APAC and MENA CEO Soon Keen Lee.
-
Sedgwick appoints Muhammad Andriansyah as head of energy in Indonesia
Jakarta-based Andriansyah was most recently senior manager for energy and natural resources at Charles Taylor.
Sedgwick appoints Muhammad Andriansyah as head of energy in Indonesia
Jakarta-based Andriansyah was most recently senior manager for energy and natural resources at Charles Taylor.
Jakarta-based Andriansyah was most recently senior manager for energy and natural resources at Charles Taylor.
-
Great Eastern minority shareholders reject majority owner OCBC’s take-private offer
Shareholders have approved amendments to the constitution and bonus issue as a pathway to resume trading of the insurer's shares.
Great Eastern minority shareholders reject majority owner OCBC’s take-private offer
Shareholders have approved amendments to the constitution and bonus issue as a pathway to resume trading of the insurer's shares.
Shareholders have approved amendments to the constitution and bonus issue as a pathway to resume trading of the insurer's shares.
-
Howden expands Pacific footprint with acquisition of Kiwi broker Sherpa
Acquisition of the Christchurch-based broker will complement and strengthen Howden’s combined broking business in New Zealand.
Howden expands Pacific footprint with acquisition of Kiwi broker Sherpa
Acquisition of the Christchurch-based broker will complement and strengthen Howden’s combined broking business in New Zealand.
Acquisition of the Christchurch-based broker will complement and strengthen Howden’s combined broking business in New Zealand.
-
Reinsurance market grapples with geopolitical risks amid renewals shift
There is an acceleration in reinsurance rate reductions across the globe, but the question it raises is whether the softening will cool off, according to panellists at the reinsurance webinar co-hosted by IAN and Fitch Ratings last week.
-
Financial lines rate reduction should bottom out as potential large losses loom: Frontier Global’s Joel Pridmore
Sector faces significant challenges, including major litigation such as class actions, regulatory scrutiny of Australian superannuation funds, cyber events, greenwashing, and the risk of under-reserving.
-
Qantas cyber breach to create turbulence for insureds and insurers, but losses could fly under the radar
AIG-led cyber program placed by Marsh is unlikely to be significantly hit, industry sources told InsuranceAsia News.
-
Regional risk concerns for ‘fourth utility’ as data centres seek answers to perils threat
Threat of cyber attack or system failure has been a focus for risk management systems, but physical risks, such as natural disasters, power failures and physical security risks, are often less understood.
Between The Lines
A fortnightly podcast that unpacks the pivotal stories and trends shaping the (re)insurance industry across Asia Pacific.
Spotlight
-
New Australian MGA says collaboration key for D&O risks ‘no one else will touch’
-
‘Asia is core to our strategy’: Swedish Club out to ‘broaden footprint’, with China and India on the radar
-
Trade credit insurance in high demand amid uncertain times, but pricing anomaly emerges: Coface’s Hugh Burke
-
‘APAC players are very engaged in ILS’: Twelve Securis seeks to fill the gap as cat bonds peak interest
-
Putting Markel on the map: International president Andrew McMellin eyes US$500m APAC premiums written by 2030
M&A
-
Mitsui Sumitomo to acquire Japanese W&I specialist MGA Time Machine
-
Howden expands Pacific footprint with acquisition of Kiwi broker Sherpa
-
Ardonagh strengthens Asia footprint with majority stake in Hong Kong-based Apex
-
Howden acquires majority stake in Japanese retail broker Holos Holdings
-
South Korea’s DB Insurance leading the race for US insurer Fortegra: reports
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
-
Energy market presents unique risks, especially in a region which includes China and Japan as well as developing nations like Vietnam and the Philippines.
-
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.
-
Aon New Zealand appoints Adrienne Booth as executive director for transaction solutions
Booth returns to her native New Zealand having most recently been head of commercial law at Aon in the UK.
-
Sompo announces key APAC, Singapore hires
Insurer appoints Jin Sheng Ooi as head of accident and health pricing for Asia Pacific, and Jun Zhe Ng as chief consumer officer in Singapore.
-
Zurich hands Jim Qin expanded role as CEO for Hong Kong life and general insurance arms
Qin has been the CEO for the global insurer's Hong Kong general insurance business since 2021.
-
Dual confirms new ANZ regional leadership line-up with dual promotions
Howden-owned MGA appoints Michael Ussher and Paula Sheppard-Jones as managing directors of Australia and New Zealand, respectively.
-
Canopius recruits Gallagher Re’s Micia Yong as APAC head of property and specialty treaty
Yong will be based in Singapore and and report directly to APAC and MENA CEO Soon Keen Lee.
-
Sedgwick appoints Muhammad Andriansyah as head of energy in Indonesia
Jakarta-based Andriansyah was most recently senior manager for energy and natural resources at Charles Taylor.
-
MSIG Malaysia CEO Chua Seck Guan retires after 15 years at helm; Ang Yien Chia named successor
Chua will continue to serve in a senior advisory capacity, helping to maintain continuity across strategic initiatives and key stakeholder relationships.
-
Marsh Indonesia promotes Jason Mandera to president director following Douglas Ure’s departure
Jarkata-based Mandera, has been with broker for about 16 years, and was most recently head of specialty and placement.
-
Cambiaso Risso expands to Hong Kong, eyes Philippines entry
Italian marine broker's new office in the SAR will be led by Swedish Club's Lars Malm and service the greater China region.
-
Swedish Club appoints Julia Ju as chief executive of Hong Kong branch as Lars Malm departs
The P&I club has also appointed Jason Wu as regional director for underwriting in greater China.
-
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