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Asia Pacific MGA market has ‘a lot of headroom’ for growth
GC Access' Steve Warwick highlights strong expansion potential, with MGAs generating new business through talent and technology.
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Steadfast-owned Miramar acquires Australian sports specialist MGA
Sports Underwriting Australia will join the MGA group as Miramar Sports, strengthening the group’s specialty capabilities.
Steadfast-owned Miramar acquires Australian sports specialist MGA
Sports Underwriting Australia will join the MGA group as Miramar Sports, strengthening the group’s specialty capabilities.
Sports Underwriting Australia will join the MGA group as Miramar Sports, strengthening the group’s specialty capabilities.
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Sompo hires Megan Yeung as senior casualty underwriter for Hong Kong, Macau, Taiwan
Most recently a casualty underwriter at Axa XL, Hong Kong-based Yeung is specialised in product and general liability.
Sompo hires Megan Yeung as senior casualty underwriter for Hong Kong, Macau, Taiwan
Most recently a casualty underwriter at Axa XL, Hong Kong-based Yeung is specialised in product and general liability.
Most recently a casualty underwriter at Axa XL, Hong Kong-based Yeung is specialised in product and general liability.
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Cyber insurer Cowbell taps Gerry Power as Australia general manager
Cyber insurer has been building out its business in Australia with the backing of Zurich Insurance.
Cyber insurer Cowbell taps Gerry Power as Australia general manager
Cyber insurer has been building out its business in Australia with the backing of Zurich Insurance.
Cyber insurer has been building out its business in Australia with the backing of Zurich Insurance.
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Donald Trump’s US$40bn Hormuz insurance scheme non-starter due to lack of US naval escorts: report
Scheme failed to launch because it did not meet required conditions and depended on a US naval escort that has not materialised, the Financial Times reported.
Donald Trump’s US$40bn Hormuz insurance scheme non-starter due to lack of US naval escorts: report
Scheme failed to launch because it did not meet required conditions and depended on a US naval escort that has not materialised, the Financial Times reported.
Scheme failed to launch because it did not meet required conditions and depended on a US naval escort that has not materialised, the Financial Times reported.
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Full Capacity: Softening market tests underwriting discipline
This week's newsletter also discusses M&A updates, Ardonagh's Asia expansion, Howden HK's leadership change, IAG's ambition and India's new marine pool.
Full Capacity: Softening market tests underwriting discipline
This week's newsletter also discusses M&A updates, Ardonagh's Asia expansion, Howden HK's leadership change, IAG's ambition and India's new marine pool.
This week's newsletter also discusses M&A updates, Ardonagh's Asia expansion, Howden HK's leadership change, IAG's ambition and India's new marine pool.
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Howden, Ardonagh, Antares, Swiss Re, Sedgwick: 12 APAC insurance people moves of the week
Sompo, Gallagher Re, Santam, Delta Insurance, RiskPoint, Envest and MSIG also made personnel changes over the last week.
Howden, Ardonagh, Antares, Swiss Re, Sedgwick: 12 APAC insurance people moves of the week
Sompo, Gallagher Re, Santam, Delta Insurance, RiskPoint, Envest and MSIG also made personnel changes over the last week.
Sompo, Gallagher Re, Santam, Delta Insurance, RiskPoint, Envest and MSIG also made personnel changes over the last week.
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Marsh to acquire Japanese energy giant Eneos’ insurance units
Transaction involving Eneos Insurance Service and the insurance division of Eneos Material Trading is expected to close in the third quarter of 2026.
Marsh to acquire Japanese energy giant Eneos’ insurance units
Transaction involving Eneos Insurance Service and the insurance division of Eneos Material Trading is expected to close in the third quarter of 2026.
Transaction involving Eneos Insurance Service and the insurance division of Eneos Material Trading is expected to close in the third quarter of 2026.
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Swiss Re Asia adds Daniel Neo to its board of directors
Neo, who was CEO formerly Asia Pacific at Sompo Holdings, will join the board on June 1.
Swiss Re Asia adds Daniel Neo to its board of directors
Neo, who was CEO formerly Asia Pacific at Sompo Holdings, will join the board on June 1.
Neo, who was CEO formerly Asia Pacific at Sompo Holdings, will join the board on June 1.
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‘Pivotal moment’: Lloyd’s chief says no need for subtlety in soft cycle fight
Chief of market performance Rachel Turk says Q1 renewals were 'brutal', and that portfolio management will be a clear focus for syndicates as the soften market bites.
‘Pivotal moment’: Lloyd’s chief says no need for subtlety in soft cycle fight
Chief of market performance Rachel Turk says Q1 renewals were 'brutal', and that portfolio management will be a clear focus for syndicates as the soften market bites.
Chief of market performance Rachel Turk says Q1 renewals were 'brutal', and that portfolio management will be a clear focus for syndicates as the soften market bites.
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Delta Insurance New Zealand hires Petr Dorofeev as tech, cyber product lead
He joins the MGA in Auckland from Suncorp.
Delta Insurance New Zealand hires Petr Dorofeev as tech, cyber product lead
He joins the MGA in Auckland from Suncorp.
He joins the MGA in Auckland from Suncorp.
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Santam taps Hemant Gulati to lead Gift City buildout
Appointment comes after the South African insurer received regulatory approval to establish a presence in India’s special economic zone in February.
Santam taps Hemant Gulati to lead Gift City buildout
Appointment comes after the South African insurer received regulatory approval to establish a presence in India’s special economic zone in February.
Appointment comes after the South African insurer received regulatory approval to establish a presence in India’s special economic zone in February.
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Jio, Allianz incorporate 50:50 general insurance JV in India
Jio Financial Services will invest US$518,000 for a 50% stake in Jio Allianz General Insurance.
Jio, Allianz incorporate 50:50 general insurance JV in India
Jio Financial Services will invest US$518,000 for a 50% stake in Jio Allianz General Insurance.
Jio Financial Services will invest US$518,000 for a 50% stake in Jio Allianz General Insurance.
Popular posts:
- Marsh to acquire Japanese energy giant Eneos’ insurance units
- Ardonagh continues to strengthen Asia leadership with Jason Anthony appointment
- Howden names Alaric Lee as Hong Kong CEO, replaces Singapore-bound Alfred Sham
- BESS’ ‘most favourable market conditions’, but fire and transformer risks keep APAC underwriters on edge
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‘Extremely unpredictable’: Marsh, Aon warn of critical risk, tighter terms for Strait of Hormuz transits
Escalating clashes in the key waterway have forced insurers to radically reduce deployment and recalibrate pricing in near real-time, industry insiders say.
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Soft market deepens dilemma at BIBA as brokers navigate rising risk, cyber demands
Themes of a softening market, growing cyber risk, and increasing complexity was the focus at the British Brokers' Association's (BIBA) annual conference in Manchester this week.
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Strait of Hormuz, US-China tensions to the fore as London market examines major geopolitical threats
UK political instability and challenges to the US dollar's dominance were also high on the agenda at the first Global Risk Summit in London this week.
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Once-in-a-lifetime opportunity: Asia’s data centre boom tests insurers
Strong regional capacity is supporting a surge in mid-sized developments, but as projects scale up, insurers face a growing protection gap and rising reliance on global capital, Aon’s Terence Williams says.
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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Tokio Marine open to more ILS deals ‘if there’s any room’, as Kizuna Re highlights strong earthquake demand
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‘Expectation vs. experience is the opportunity’: Vietnam’s TCGIns doubles down on AI, health, SME insurance
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Tokio Marine GX ‘treading carefully’ on Singapore entry as market softens, chairman says
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Igloo charts next growth phase with international M&A, AI-native overhaul, category expansion
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HDI Global sees ‘substantial’ opportunity for Southeast Asia renewables, charts a new hope for the region’s energy future
M&A
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Steadfast-owned Miramar acquires Australian sports specialist MGA
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Marsh to acquire Japanese energy giant Eneos’ insurance units
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Jio, Allianz incorporate 50:50 general insurance JV in India
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South Korea’s deposit insurance corporation launches re-bidding for Yebyeol Insurance
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Malaysia’s RHB reopens talks to sell insurance unit to Tokio Marine
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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Sedgwick Asia says it is ready to meet the evolving challenges of Asia’s dynamic insurance markets.
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PartnerRe | Understanding ageing in APAC: why perception, planning and protection don’t always align
Ageing is shaping finances, family dynamics and insurance needs of the caregiving ecosystem, but current product propositions and underwriting frameworks are not keeping pace with protection needs, finds PartnerRe survey.
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Sompo hires Megan Yeung as senior casualty underwriter for Hong Kong, Macau, Taiwan
Most recently a casualty underwriter at Axa XL, Hong Kong-based Yeung is specialised in product and general liability.
-
Cyber insurer Cowbell taps Gerry Power as Australia general manager
Cyber insurer has been building out its business in Australia with the backing of Zurich Insurance.
-
Swiss Re Asia adds Daniel Neo to its board of directors
Neo, who was CEO formerly Asia Pacific at Sompo Holdings, will join the board on June 1.
-
Delta Insurance New Zealand hires Petr Dorofeev as tech, cyber product lead
He joins the MGA in Auckland from Suncorp.
-
Santam taps Hemant Gulati to lead Gift City buildout
Appointment comes after the South African insurer received regulatory approval to establish a presence in India’s special economic zone in February.
-
Howden names Alaric Lee as Hong Kong CEO, replaces Singapore-bound Alfred Sham
Sham will relocate to Singapore to take on the role of chief strategy officer for Asia.
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Ardonagh continues to strengthen Asia leadership with Jason Anthony appointment
He will lead Ardonagh’s efforts to build a pan-Asian MGA at scale.
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Swiss Re confirms Yusuke Matsumoto as head of APAC facultative reinsurance
Tokyo-based Matsumoto had been interim head since Ronnie Tong stepped down in early April.
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Sompo hires Sarah Lee as multinational network manager for APAC
She will be based in Hong Kong and report to Lena Liu, Sompo's Asia Pacific multinational business unit head.
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Antares appoints Sri Ram Pappu as deputy Singapore CEO
He has been with the Lloyd's carrier since October 2018 as a senior energy and marine underwriter.
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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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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.
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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.
Overseeing energy transition in APAC: Tokio Marine GX’s Fraser McLachlan
Fraser McLachlan, Tokio Marine GX chairman, talks to InsuranceAsia News about overseeing energy transition in APAC.
Growth opportunity for renewables across the region substantial: HDI Global’s Haris Michaels
Haris Michaels, head of energy and power at HDI Global Singapore, talks to InsuranceAsia News about the evolution of Southeast Asia's energy insurance market.
Insurtech: "As the [AI] hype continues, so does the imperative for insurers, insurtechs and distributors to look beyond the noise to the underlying forces at play."
David Lynch, bolttech