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Has the market learned its lesson? Questions remain over P&C reserve adequacy as ratings continue to deteriorate
A quarter-century after Independent Insurance’s collapse, P&C reserve adequacy is back in focus as rates fall and capital questions mount.
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360 Underwriting Solutions hires Ben Church as general manager for commercial classes
Sydney-based Church joins from Allianz, where he spent over 13 years across a range of senior distribution roles, most recently as general manager of distribution.
360 Underwriting Solutions hires Ben Church as general manager for commercial classes
Sydney-based Church joins from Allianz, where he spent over 13 years across a range of senior distribution roles, most recently as general manager of distribution.
Sydney-based Church joins from Allianz, where he spent over 13 years across a range of senior distribution roles, most recently as general manager of distribution.
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Generali Central Insurance appoints Prem Sivadas as chief commercial officer
Mumbai-based Sivadas will lead the corporate sales function, with a focus on strengthening broker partnerships and expanding corporate portfolios, including Generali Corporate and Commercial.
Generali Central Insurance appoints Prem Sivadas as chief commercial officer
Mumbai-based Sivadas will lead the corporate sales function, with a focus on strengthening broker partnerships and expanding corporate portfolios, including Generali Corporate and Commercial.
Mumbai-based Sivadas will lead the corporate sales function, with a focus on strengthening broker partnerships and expanding corporate portfolios, including Generali Corporate and Commercial.
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Moody’s keeps stable reinsurance outlook as strong capital, discipline offset softer prices and rising risks
Record profits posted by the reinsurance sector expected to moderate in 2027 as the global market softening continues, according to Moody's.
Moody’s keeps stable reinsurance outlook as strong capital, discipline offset softer prices and rising risks
Record profits posted by the reinsurance sector expected to moderate in 2027 as the global market softening continues, according to Moody's.
Record profits posted by the reinsurance sector expected to moderate in 2027 as the global market softening continues, according to Moody's.
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Anna Scott replaces Toni Ferrier as Marsh New Zealand CEO
Scott will retain her role as president of the newly-rebranded Marsh People and Investments in New Zealand.
Anna Scott replaces Toni Ferrier as Marsh New Zealand CEO
Scott will retain her role as president of the newly-rebranded Marsh People and Investments in New Zealand.
Scott will retain her role as president of the newly-rebranded Marsh People and Investments in New Zealand.
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Insurers to brace for US$171bn of annual property cat losses: Verisk
The increasing global insured average annual loss is driven by the ongoing global expansion in property and insured values, according to Verisk's 2026 Global Modeled Catastrophe Losses Report.
Insurers to brace for US$171bn of annual property cat losses: Verisk
The increasing global insured average annual loss is driven by the ongoing global expansion in property and insured values, according to Verisk's 2026 Global Modeled Catastrophe Losses Report.
The increasing global insured average annual loss is driven by the ongoing global expansion in property and insured values, according to Verisk's 2026 Global Modeled Catastrophe Losses Report.
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Seadrif triggers US$1.14m parametric payout for Laos floods
Insurer disburses US$1m to the government under its US$8m annual coverage and US$137,500 to the UN's World Food Programme under its US$1.1m policy.
Seadrif triggers US$1.14m parametric payout for Laos floods
Insurer disburses US$1m to the government under its US$8m annual coverage and US$137,500 to the UN's World Food Programme under its US$1.1m policy.
Insurer disburses US$1m to the government under its US$8m annual coverage and US$137,500 to the UN's World Food Programme under its US$1.1m policy.
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QBE completes sale of trade credit and surety business to Swiss Re CorSo
Two firms had struck a deal in February for the portfolio that is expected to generate annual revenues of approximately US$200m, according to Swiss Re.
QBE completes sale of trade credit and surety business to Swiss Re CorSo
Two firms had struck a deal in February for the portfolio that is expected to generate annual revenues of approximately US$200m, according to Swiss Re.
Two firms had struck a deal in February for the portfolio that is expected to generate annual revenues of approximately US$200m, according to Swiss Re.
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Reinsurers roar to near-record H1 returns as global reinsurance capital hits US$688bn
Gallagher Re’s composite index of leading global reinsurers delivered a 19.9% ROE in H1 2026, the second-highest half-year result in a decade.
Reinsurers roar to near-record H1 returns as global reinsurance capital hits US$688bn
Gallagher Re’s composite index of leading global reinsurers delivered a 19.9% ROE in H1 2026, the second-highest half-year result in a decade.
Gallagher Re’s composite index of leading global reinsurers delivered a 19.9% ROE in H1 2026, the second-highest half-year result in a decade.
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Adva Group launches Singapore reinsurance platform, led by veteran Jim Attwood
Adva Risk specialises in sophisticated, multi-year structured reinsurance solutions.
Adva Group launches Singapore reinsurance platform, led by veteran Jim Attwood
Adva Risk specialises in sophisticated, multi-year structured reinsurance solutions.
Adva Risk specialises in sophisticated, multi-year structured reinsurance solutions.
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Coface names 14-year veteran Antoine Pachoud head of commercial in Japan
He was most recently Coface Global Solutions (CGS) director for France and Western Europe, based in Paris.
Coface names 14-year veteran Antoine Pachoud head of commercial in Japan
He was most recently Coface Global Solutions (CGS) director for France and Western Europe, based in Paris.
He was most recently Coface Global Solutions (CGS) director for France and Western Europe, based in Paris.
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IFFCO Tokio promotes Tatsuya Fujimoto to managing director, CEO
Gurugram-based Tokio Marine veteran takes over from Subrato Mondal at the India JV, bringing more than two decades of experience across Japan, the US, Malaysia and India.
IFFCO Tokio promotes Tatsuya Fujimoto to managing director, CEO
Gurugram-based Tokio Marine veteran takes over from Subrato Mondal at the India JV, bringing more than two decades of experience across Japan, the US, Malaysia and India.
Gurugram-based Tokio Marine veteran takes over from Subrato Mondal at the India JV, bringing more than two decades of experience across Japan, the US, Malaysia and India.
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Australian cyber specialist Emergence launches US operations
Steadfast Underwriting Agencies’ MGA taps Keith Savino to lead the new operations.
Australian cyber specialist Emergence launches US operations
Steadfast Underwriting Agencies’ MGA taps Keith Savino to lead the new operations.
Steadfast Underwriting Agencies’ MGA taps Keith Savino to lead the new operations.
Popular posts:
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- International reinsurers to absorb most insured losses from Nepal flash floods: AM Best
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Nepal flash floods insured losses could top US$1bn, spilling into reinsurance
Major international and regional reinsurers, including Hannover Re, GIC Re, Saudi Re, and Kenya Re, face material exposures via direct and retrocession programs.
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Product recall market to swerve loss over Tesla’s China hidden door handle snafu
Over four million vehicles are affected in China’s biggest-ever car recall, which also includes vehicles from Chinese carmakers XPeng, Xiaomi and Geely.
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US$750bn APAC data centre build forces underwriting rethink: Willis
While capacity remains available, insurers are becoming more selective in assessing the risks, Lay See Ong, digital infrastructure industry leader for Asia at Willis, tells InsuranceAsia News' Between the Lines podcast.
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Typhoon Dolphin’s ‘salty’ cargo disruption bill only going one way as North Asian port congestion bites
With over 2.4m TEU of capacity stranded across Shanghai and Ningbo after three storms in five weeks, Otonomi CEO Yann Barbarroux says the compounding congestion is reshaping the risk calculus for cargo owners just as peak season approaches.
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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‘Good times’ for India’s reinsurance buyers despite rising El Nino climate risk: Edme’s Vinod Krishnan
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‘Ripe for real growth’: Lloyd’s insurer Aegis making Asia Pacific cyber moves
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‘Challenges are opportunities’: IUMI president-elect urges insurers to play a larger role in supporting maritime resilience
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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
M&A
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QBE completes sale of trade credit and surety business to Swiss Re CorSo
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Tokio Marine HCC International acquires UK commercial motor specialist Direct Commercial
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Tokio Marine identifies Suncorp as preferred takeover target: report
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Amwins, KKR, Dragoneer sign binding agreement to acquire Steadfast in US$5.5bn deal
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Oona targets Southeast Asia acquisitions, sets sight on Thailand, Vietnam
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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To stay relevant, insurers should engage caregivers earlier with solutions that combine protection, navigation support, and preventative planning.
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Asia's subsea industry is expanding and evolving rapidly, with the growing use of technology across the region changing the way risks are be assessed.
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360 Underwriting Solutions hires Ben Church as general manager for commercial classes
Sydney-based Church joins from Allianz, where he spent over 13 years across a range of senior distribution roles, most recently as general manager of distribution.
-
Generali Central Insurance appoints Prem Sivadas as chief commercial officer
Mumbai-based Sivadas will lead the corporate sales function, with a focus on strengthening broker partnerships and expanding corporate portfolios, including Generali Corporate and Commercial.
-
Anna Scott replaces Toni Ferrier as Marsh New Zealand CEO
Scott will retain her role as president of the newly-rebranded Marsh People and Investments in New Zealand.
-
Adva Group launches Singapore reinsurance platform, led by veteran Jim Attwood
Adva Risk specialises in sophisticated, multi-year structured reinsurance solutions.
-
Coface names 14-year veteran Antoine Pachoud head of commercial in Japan
He was most recently Coface Global Solutions (CGS) director for France and Western Europe, based in Paris.
-
IFFCO Tokio promotes Tatsuya Fujimoto to managing director, CEO
Gurugram-based Tokio Marine veteran takes over from Subrato Mondal at the India JV, bringing more than two decades of experience across Japan, the US, Malaysia and India.
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QBE Asia appoints internal leaders to strengthen wholesale markets business
Barry Robinson assumes newly created role head of portfolio solutions, while Melissa Anthony relocates to Singapore from Australia to lead the corporate liability unit.
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Great American Insurance boosts market development, marine capabilities
Insurer promotes Larry Kwok to head of the North Asia market (excluding South Korea), while Er Jun joins from Lockton as head of the marine major market division
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Chubb promotes Candy Huang to Southeast Asia financial lines head
She has been with Chubb in Singapore for over eight years.
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Corinne Biagioni joins Aviso Specialty as construction growth leader, clarifies SRG move
Biagioni confirms she 'never commenced employment' with Specialist Risk Group despite having announced her appointment as a partner and head of Australia construction in June.
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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 GWP growth stalls at US$1.2bn in 2025, but underwriting gain soars 24%
Monetary Authority of Singapore filings show premium growth flatlined after a 17% jump the year before, even as it posted stronger underwriting gains and a 10% increase in net profit.
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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.
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