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Chubb’s Evan Greenberg ‘bullish on long-term opportunity’ for Asia
CEO said group remains committed to building franchises across the region, despite flat Q4 commercial results.
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Howden names Aon’s Natalie Worthington as senior associate for tax, M&A in Asia
She joins following eight months at Aon, where she was a senior associate for tax liability for transaction solutions in Asia.
Howden names Aon’s Natalie Worthington as senior associate for tax, M&A in Asia
She joins following eight months at Aon, where she was a senior associate for tax liability for transaction solutions in Asia.
She joins following eight months at Aon, where she was a senior associate for tax liability for transaction solutions in Asia.
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Xiao Chen takes up new role of head of strategy, chief of staff at Axa XL for APAC and Europe
She returns from maternity leave to take up the Paris-based role.
Xiao Chen takes up new role of head of strategy, chief of staff at Axa XL for APAC and Europe
She returns from maternity leave to take up the Paris-based role.
She returns from maternity leave to take up the Paris-based role.
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Allianz Commercial hires AIG’s Anish Chandran as head of financial lines for Southeast Asia
He was most recently AIG's head of financial lines in Singapore.
Allianz Commercial hires AIG’s Anish Chandran as head of financial lines for Southeast Asia
He was most recently AIG's head of financial lines in Singapore.
He was most recently AIG's head of financial lines in Singapore.
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Malaysia’s Lonpac Insurance appoints Jacqueline Chan as head of marine
She joins from QBE, where she spent five years as the head of marine.
Malaysia’s Lonpac Insurance appoints Jacqueline Chan as head of marine
She joins from QBE, where she spent five years as the head of marine.
She joins from QBE, where she spent five years as the head of marine.
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Zurich hires Blain Waterford as head of travel for ANZ
He joins Zurich from AIG in Singapore.
Zurich hires Blain Waterford as head of travel for ANZ
He joins Zurich from AIG in Singapore.
He joins Zurich from AIG in Singapore.
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ARPC declares cyclone event as Tropical Cyclone Mitchell tracks along Western Australia coast
Mitchell has been lowered to category 2 intensity as of 5:00pm Australian Western Standard Time (AWST) on Sunday, with sustained winds near the centre of 110km/h and wind gusts of 155 km/h.
ARPC declares cyclone event as Tropical Cyclone Mitchell tracks along Western Australia coast
Mitchell has been lowered to category 2 intensity as of 5:00pm Australian Western Standard Time (AWST) on Sunday, with sustained winds near the centre of 110km/h and wind gusts of 155 km/h.
Mitchell has been lowered to category 2 intensity as of 5:00pm Australian Western Standard Time (AWST) on Sunday, with sustained winds near the centre of 110km/h and wind gusts of 155 km/h.
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Full Capacity: ElementaRe: Approaches to solving the protection gap
This week's newsletter discusses an Aviso's Lockton raid, a new MGA in Australia, a Zurich-Beazley update, Marsh's insurance rates, Asia's facultative cover and Australia's approach to a broken insurance market.
Full Capacity: ElementaRe: Approaches to solving the protection gap
This week's newsletter discusses an Aviso's Lockton raid, a new MGA in Australia, a Zurich-Beazley update, Marsh's insurance rates, Asia's facultative cover and Australia's approach to a broken insurance market.
This week's newsletter discusses an Aviso's Lockton raid, a new MGA in Australia, a Zurich-Beazley update, Marsh's insurance rates, Asia's facultative cover and Australia's approach to a broken insurance market.
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Zambian reinsurer Klapton Re secures approval to write reinsurance business in China
Established in 2020 and operational since April 2021, Klapton Re provides facultative and treaty reinsurance services across Africa, Asia, and the United States.
Zambian reinsurer Klapton Re secures approval to write reinsurance business in China
Established in 2020 and operational since April 2021, Klapton Re provides facultative and treaty reinsurance services across Africa, Asia, and the United States.
Established in 2020 and operational since April 2021, Klapton Re provides facultative and treaty reinsurance services across Africa, Asia, and the United States.
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Gallagher Re, Aviso Specialty, Delta Insurance, Marsh, Peak Re: 18 APAC insurance people moves of the week
Aon, Howden, Gallagher, Liberty, Mitsui Sumitomo Insurance, Chubb, bolttech, Crawford, Markel Insurance, Willis, Tokio Marine Management Australasia, Arch Insurance, HDI Global, Swiss Re, Simon Global and ASIC also made personnel changes over the last week.
Gallagher Re, Aviso Specialty, Delta Insurance, Marsh, Peak Re: 18 APAC insurance people moves of the week
Aon, Howden, Gallagher, Liberty, Mitsui Sumitomo Insurance, Chubb, bolttech, Crawford, Markel Insurance, Willis, Tokio Marine Management Australasia, Arch Insurance, HDI Global, Swiss Re, Simon Global and ASIC also made personnel changes over the last week.
Aon, Howden, Gallagher, Liberty, Mitsui Sumitomo Insurance, Chubb, bolttech, Crawford, Markel Insurance, Willis, Tokio Marine Management Australasia, Arch Insurance, HDI Global, Swiss Re, Simon Global and ASIC also made personnel changes over the last week.
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Swiss Re appoints Isabel Rawlence as senior client manager for public sector solutions in ANZ
She was most recently underwriting manager at the Australian Reinsurance Pool Corporation.
Swiss Re appoints Isabel Rawlence as senior client manager for public sector solutions in ANZ
She was most recently underwriting manager at the Australian Reinsurance Pool Corporation.
She was most recently underwriting manager at the Australian Reinsurance Pool Corporation.
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Mandarin Re increases paid-up share capital to US$23.5m
Increase reflects the Malaysian reinsurer's strong financial growth, it says.
Mandarin Re increases paid-up share capital to US$23.5m
Increase reflects the Malaysian reinsurer's strong financial growth, it says.
Increase reflects the Malaysian reinsurer's strong financial growth, it says.
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Arch Insurance Australia elevates Aisling Hegarty to head of PI
Melbourne-based Hegarty has nearly 13 years of experience in insurance, and was previously the southern region manager for PI since May 2022.
Arch Insurance Australia elevates Aisling Hegarty to head of PI
Melbourne-based Hegarty has nearly 13 years of experience in insurance, and was previously the southern region manager for PI since May 2022.
Melbourne-based Hegarty has nearly 13 years of experience in insurance, and was previously the southern region manager for PI since May 2022.
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Hannover Re grows APAC premiums 2% at 1.1 despite broadening market terms, pockets of weak pricing
While 1.4 renewals will likely similar momentum, market will be mindful of last year's acceleration in rate reduction, executive board member for P&C Sven Althoff tells InsuranceAsia News.
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Asset-intensive reinsurance to remain robust, continue APAC growth ‘by all measures’ in 2026
Japan is set to remain 'largest and most active market in the region', with Hong Kong, Singapore, Taiwan and South Korea all seen as having potential for growth, industry insiders tell InsuranceAsia News.
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Tech, demand drive parametric innovation in financial lines: Howden’s Deborah Thomasz
Regional senior manager for financial lines tells InsuranceAsia News there is room for innovation and differentiation within financial lines for (re)insurers in APAC.
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Fac demand in Asia set to remain robust amid hi-tech boom, growing local capacity
Insiders take the temperature of the regions property direct and facultative (D&F) market as semiconductors, battery energy storage systems (BESS) and data centres create demand that is expected to continue.
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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Chubb’s Evan Greenberg ‘bullish on long-term opportunity’ for Asia
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‘Hopeless’: observation-based models fall short as insurers comprehend modern flood risks
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Home, sweet home for Vietnam’s new reinsurer as AlphaRe eyes efficiency over top line
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Bridging Asia’s protection gap key focus for Verisk, but data issue remains
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‘Asia is our playground’: Asia Reinsurance Brokers seeks winning formula to extend roots
M&A
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Willis promotes Mareli Vermeulen to head of Asia M&A
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Beazley board gives in to Zurich’s sweetened US$11bn offer
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Nigel Fitzgerald, Grant Cairns’ new MGA Kaibridge goes live
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Danantara Indonesia mulls insurance holding company to consolidate state-owned carriers
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Filipino carriers FPG Insurance, Mercantile Insurance cleared to merge
ESG
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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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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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Vastly improving turnaround times and personalising service delivery, QBE Asia’s award-winning, end-to-end bundled claims solutions is a game-changer for the insurance industry.
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Howden names Aon’s Natalie Worthington as senior associate for tax, M&A in Asia
She joins following eight months at Aon, where she was a senior associate for tax liability for transaction solutions in Asia.
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Xiao Chen takes up new role of head of strategy, chief of staff at Axa XL for APAC and Europe
She returns from maternity leave to take up the Paris-based role.
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Allianz Commercial hires AIG’s Anish Chandran as head of financial lines for Southeast Asia
He was most recently AIG's head of financial lines in Singapore.
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Malaysia’s Lonpac Insurance appoints Jacqueline Chan as head of marine
She joins from QBE, where she spent five years as the head of marine.
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Zurich hires Blain Waterford as head of travel for ANZ
He joins Zurich from AIG in Singapore.
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Swiss Re appoints Isabel Rawlence as senior client manager for public sector solutions in ANZ
She was most recently underwriting manager at the Australian Reinsurance Pool Corporation.
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Arch Insurance Australia elevates Aisling Hegarty to head of PI
Melbourne-based Hegarty has nearly 13 years of experience in insurance, and was previously the southern region manager for PI since May 2022.
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Liberty taps Great Eastern’s Jimmy Tong to lead unified Singapore unit
He will start from April 27 and report to Matthew Jackson, president of Asia Pacific.
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Takanobu Saigo joins HDI Global Japan as head of claims
He has almost two decades of experience handling large and complex claims.
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Chubb Australia promotes Liam O’Sullivan to senior property underwriter
He has been with Chubb in Dublin and Sydney since November 2020.
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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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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.
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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.
Cyber insurance has a long way to go to reach next level, says WTW’s Carlos Grijalva, amid soaring demand in Asia
Carlos Grijalva, cyber leader for Hong Kong and greater China at WTW, talks to InsuranceAsia News about the development of the cyber market in Asia.
Building resilience, mitigating risk in APAC’s commercial property insurance market
Martin Au-Yeung, vice president and division underwriting manager at FM, talks to InsuranceAsia News.
AI: "With prudent oversight and strong guardrails, an augmented investment office can allow insurers to confidently ride the private credit boom without being undermined by the complexity they have embraced."
David Pan, Moody’s