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Risks are not new, but data centre demand to test Asian insurers’ mettle as capacity tightens
Soaring AI-driven construction across Asia Pacific is straining insurance capacity as fires, earthquake risks, and multi-billion-dollar price tags challenge underwriters.
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Steadfast receives takeover offer
Australian broker's shares entered trading halt pending 'a potential control transaction', according to a stock exchange filing.
Steadfast receives takeover offer
Australian broker's shares entered trading halt pending 'a potential control transaction', according to a stock exchange filing.
Australian broker's shares entered trading halt pending 'a potential control transaction', according to a stock exchange filing.
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Helia Group taps Mark Senkevics as CEO, managing director
Senkevics was most recently CEO for underwriting agencies at Steadfast Group.
Helia Group taps Mark Senkevics as CEO, managing director
Senkevics was most recently CEO for underwriting agencies at Steadfast Group.
Senkevics was most recently CEO for underwriting agencies at Steadfast Group.
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IAG warns New Zealand’s ‘piecemeal’ approach to natural hazards is unsustainable
Insurer has identified 42 gaps in the current nat cat resilience effort and proposed a 15-year roadmap to strengthen the country's risk reduction strategy.
IAG warns New Zealand’s ‘piecemeal’ approach to natural hazards is unsustainable
Insurer has identified 42 gaps in the current nat cat resilience effort and proposed a 15-year roadmap to strengthen the country's risk reduction strategy.
Insurer has identified 42 gaps in the current nat cat resilience effort and proposed a 15-year roadmap to strengthen the country's risk reduction strategy.
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Saudi Re taps Ruchi Jain to lead Gift City operations
Appointment comes after the reinsurer received regulatory approval to establish a presence in India’s special economic zone in January.
Saudi Re taps Ruchi Jain to lead Gift City operations
Appointment comes after the reinsurer received regulatory approval to establish a presence in India’s special economic zone in January.
Appointment comes after the reinsurer received regulatory approval to establish a presence in India’s special economic zone in January.
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Chinese regulator fines Taiping’s mainland non-life unit over compliance lapses
Regulator flags inappropriate reserving, internal control gaps, data misreporting; seven individuals also penalised.
Chinese regulator fines Taiping’s mainland non-life unit over compliance lapses
Regulator flags inappropriate reserving, internal control gaps, data misreporting; seven individuals also penalised.
Regulator flags inappropriate reserving, internal control gaps, data misreporting; seven individuals also penalised.
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State Bank of India confirms listing plans for general insurance arm: reports
State-owned lender is planning to IPO SBI General Insurance and SBI Mutual Fund, chairman says.
State Bank of India confirms listing plans for general insurance arm: reports
State-owned lender is planning to IPO SBI General Insurance and SBI Mutual Fund, chairman says.
State-owned lender is planning to IPO SBI General Insurance and SBI Mutual Fund, chairman says.
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Australian AR network Sphere Insurance Group enters liquidation, ASIC filing shows
Queensland-based independent authorised representative network was founded in 2015.
Australian AR network Sphere Insurance Group enters liquidation, ASIC filing shows
Queensland-based independent authorised representative network was founded in 2015.
Queensland-based independent authorised representative network was founded in 2015.
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Chubb Australia appoints trio to manage key distribution relationships with Envest, Steadfast, Austbrokers
The insurer has promoted Mark Roberts, Annelisa Richardson and Brendan Behm to newly established national relationship manager roles.
Chubb Australia appoints trio to manage key distribution relationships with Envest, Steadfast, Austbrokers
The insurer has promoted Mark Roberts, Annelisa Richardson and Brendan Behm to newly established national relationship manager roles.
The insurer has promoted Mark Roberts, Annelisa Richardson and Brendan Behm to newly established national relationship manager roles.
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IGI secures Gift City license as part of global expansion
The specialty (re)insurer expects to begin operations later this year.
IGI secures Gift City license as part of global expansion
The specialty (re)insurer expects to begin operations later this year.
The specialty (re)insurer expects to begin operations later this year.
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Aleksandra Kaczmarek returns to Coface as Asia Pacific head of sales
Singapore-based Kaczmarek joins from AIG, where she was head of multinational trade credit for APAC.
Aleksandra Kaczmarek returns to Coface as Asia Pacific head of sales
Singapore-based Kaczmarek joins from AIG, where she was head of multinational trade credit for APAC.
Singapore-based Kaczmarek joins from AIG, where she was head of multinational trade credit for APAC.
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Markel promotes Jenny Choi to head of casualty for greater China
Choi joined Markel in July 2024 as senior underwriter, international casualty, bringing 18 years’ experience across aviation, casualty and reinsurance.
Markel promotes Jenny Choi to head of casualty for greater China
Choi joined Markel in July 2024 as senior underwriter, international casualty, bringing 18 years’ experience across aviation, casualty and reinsurance.
Choi joined Markel in July 2024 as senior underwriter, international casualty, bringing 18 years’ experience across aviation, casualty and reinsurance.
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Lockton confirms Sandra Lee as Asia chief growth officer for risk solutions
Former BMS Asia CEO joins with Sam Suen and Mandy Lai to establish emerging risks team.
Lockton confirms Sandra Lee as Asia chief growth officer for risk solutions
Former BMS Asia CEO joins with Sam Suen and Mandy Lai to establish emerging risks team.
Former BMS Asia CEO joins with Sam Suen and Mandy Lai to establish emerging risks team.
Popular posts:
- Munich Re strengthens cyber team with dual leadership appointments for APAC, Africa
- Strong 7.8 quake off southern Philippine causes widespread damage, fatalities
- Marsh hires Christopher Cheung in senior financial lines role
- Lockton, Marsh, Munich Re, QBE, Knightcorp: 24 APAC insurance people moves of the week
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APAC’s P&C market sitting up, taking note as AI hits banking jobs
Up to 200,000 jobs could be lost globally in the next three to five years in the banking sector as a result of the increasing utilisation of AI.
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‘The enthusiasm makes sense’: sidecars way to go as regional ILS regimes eye next frontier
Growing demand for establishment of a regulatory regime for sidecars to support the development of the region's nascent ILS market and enhance its role as a conduit for global capital.
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‘Don’t put all your eggs in one market’: London urged to look beyond US, Europe as Asia GWP slides
London's Asia GWP share has dropped to 6% in 2025, prompting urgent calls to pursue growth in new risks and untapped regions.
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‘There is no stopping it’: game changing AI set to outgrow cyber, presents opportunity for insurers
Losses are being covered by traditional policies as only a handful of players offer standalone AI-driven liability products, but with adoption surging and litigation rising, the standalone market could eventually outgrow cyber insurance, industry insiders tell InsuranceAsia News.
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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Cargo parametric insurer charts route to US$68bn protection gap with ‘new shiny object’
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Lockton Asia CEO targets doubling revenue by 2030, bets on specialty lines and employee benefits
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Exclusive: Victor Kuk draws up blueprint for a ‘truly global’ Peak Re
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Exclusive: Peak Re ready for next phase of growth, embrace new era: Franz-Josef Hahn
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‘Asia is an active strategic focus’: Fidelis aims to bulk up property treaty, specialty lines
M&A
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Steadfast receives takeover offer
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Allianz Partners to acquire nib’s Australia, New Zealand travel portfolio
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Cyber specialist Emergence acquires renewal rights to Blue Zebra’s cyber portfolio
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Mitsui Sumitomo, Aioi Nissay target US$1.75bn profit by FY30 after merger
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Kyobo Life enters race to acquire Yebyeol Non-Life: reports
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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Helia Group taps Mark Senkevics as CEO, managing director
Senkevics was most recently CEO for underwriting agencies at Steadfast Group.
-
Saudi Re taps Ruchi Jain to lead Gift City operations
Appointment comes after the reinsurer received regulatory approval to establish a presence in India’s special economic zone in January.
-
Chubb Australia appoints trio to manage key distribution relationships with Envest, Steadfast, Austbrokers
The insurer has promoted Mark Roberts, Annelisa Richardson and Brendan Behm to newly established national relationship manager roles.
-
Aleksandra Kaczmarek returns to Coface as Asia Pacific head of sales
Singapore-based Kaczmarek joins from AIG, where she was head of multinational trade credit for APAC.
-
Markel promotes Jenny Choi to head of casualty for greater China
Choi joined Markel in July 2024 as senior underwriter, international casualty, bringing 18 years’ experience across aviation, casualty and reinsurance.
-
Lockton confirms Sandra Lee as Asia chief growth officer for risk solutions
Former BMS Asia CEO joins with Sam Suen and Mandy Lai to establish emerging risks team.
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Chubb Malaysia taps Generali’s Gurudutt Joglekar as deputy country president
Kuala Lumpur-based Joglekar, who has worked across India, Hong Kong and Malaysia, will report to Malaysia country president Jon Longmore.
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Coastal Marine hires Eric Chan as APAC cargo underwriter
He brings a wealth of experience spanning nearly four decades in the insurance industry, and was most recently with Sompo Hong Kong.
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James Yau rejoins Coface in double leadership role
Trade credit insurer names Singapore-based Yau as head of commercial for Southeast Asia and head of mid-market for Asia.
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Lockton hires Marsh veteran AnnMarie Rodgers as national corporate head in Australia
Broker taps 30-year industry executive to drive upper middle market growth.
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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.
We don’t need to put a flag in every country and town: Lockton Asia’s Tony Hardy
Tony Hardy, CEO of Lockton Asia, discusses the US broker’s efforts to double its revenue in the region by 2030, and its recent deal to take majority ownership of its Malaysian joint venture.
Asia offers diversification amid global market softening: Miller’s Ron Whyte
Ron Whyte, head of Asia at Miller, talks to InsuranceAsia News about the broker’s ongoing expansion in Japan and South Korea, and the state of the reinsurance broking market in the region.
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