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APAC’s nascent cannabis insurance market navigates a divided region as insurers face steep learning curve
Australia remains the main market in the region and is projected to exceed US$33bn by 2033, although Thailand has backtracked on recent liberalisation.
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Indian marine pool issues first P&I policy
The policy, designed by New India Assurance, provides financial protection against third-party liabilities including crew and cargo liability, pollution liability, and wreck removal, with an indemnity limit of up to US$1.5 billion through the combined capacity of the pool.
Indian marine pool issues first P&I policy
The policy, designed by New India Assurance, provides financial protection against third-party liabilities including crew and cargo liability, pollution liability, and wreck removal, with an indemnity limit of up to US$1.5 billion through the combined capacity of the pool.
The policy, designed by New India Assurance, provides financial protection against third-party liabilities including crew and cargo liability, pollution liability, and wreck removal, with an indemnity limit of up to US$1.5 billion through the combined capacity of the pool.
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APAC faces ‘significant risks’ in H2 from arrival of super El Nino: Munich Re
Losses from natural catastrophes were below historic averages in Asia Pacific during the first half of 2026, according to Munich Re.
APAC faces ‘significant risks’ in H2 from arrival of super El Nino: Munich Re
Losses from natural catastrophes were below historic averages in Asia Pacific during the first half of 2026, according to Munich Re.
Losses from natural catastrophes were below historic averages in Asia Pacific during the first half of 2026, according to Munich Re.
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Samsung Fire & Marine underwrites US$20m virtual asset policy for Korean blockchain firm DSRV
The digit asset insurance protects custodial assets against losses from nat cats and theft via external intrusion.
Samsung Fire & Marine underwrites US$20m virtual asset policy for Korean blockchain firm DSRV
The digit asset insurance protects custodial assets against losses from nat cats and theft via external intrusion.
The digit asset insurance protects custodial assets against losses from nat cats and theft via external intrusion.
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M Pallonji Group-backed ProTec handed Indian general insurance licence
Aditya Sharma, former chief distribution officer at Bajaj Allianz General Insurance, has been appointed CEO.
M Pallonji Group-backed ProTec handed Indian general insurance licence
Aditya Sharma, former chief distribution officer at Bajaj Allianz General Insurance, has been appointed CEO.
Aditya Sharma, former chief distribution officer at Bajaj Allianz General Insurance, has been appointed CEO.
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Lockton rolls out global advisory practice for data centres
Practice will be co-led by James Nelson, based in the US, and Sam Baker, based in the UK.
Lockton rolls out global advisory practice for data centres
Practice will be co-led by James Nelson, based in the US, and Sam Baker, based in the UK.
Practice will be co-led by James Nelson, based in the US, and Sam Baker, based in the UK.
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Jane Mason finds sweet spot at Delta Insurance Australia as head of underwriting
Mason, who founded a gourmet chocolate company in India, joins the MGA from Probitas 1492 in Sydney.
Jane Mason finds sweet spot at Delta Insurance Australia as head of underwriting
Mason, who founded a gourmet chocolate company in India, joins the MGA from Probitas 1492 in Sydney.
Mason, who founded a gourmet chocolate company in India, joins the MGA from Probitas 1492 in Sydney.
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Aon taps Jessie Shi for Asia transaction solutions role
Shanghai-based qualified lawyer and certified public accountant joins as an associate director having previously held roles at Chinese law firm Jun He, PwC and Intel Corporation.
Aon taps Jessie Shi for Asia transaction solutions role
Shanghai-based qualified lawyer and certified public accountant joins as an associate director having previously held roles at Chinese law firm Jun He, PwC and Intel Corporation.
Shanghai-based qualified lawyer and certified public accountant joins as an associate director having previously held roles at Chinese law firm Jun He, PwC and Intel Corporation.
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Indian regulator finally approves Patanjali, DS Group acquisition of Magma General Insurance
Transaction, valued at US$470m, was originally announced in March last year.
Indian regulator finally approves Patanjali, DS Group acquisition of Magma General Insurance
Transaction, valued at US$470m, was originally announced in March last year.
Transaction, valued at US$470m, was originally announced in March last year.
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Seadrif taps Xinmei Zheng as chief operating officer
Singapore-based Zheng brings nearly two decades of experience in underwriting, structured risk solutions, portfolio management and business development, with expertise across Southeast Asia.
Seadrif taps Xinmei Zheng as chief operating officer
Singapore-based Zheng brings nearly two decades of experience in underwriting, structured risk solutions, portfolio management and business development, with expertise across Southeast Asia.
Singapore-based Zheng brings nearly two decades of experience in underwriting, structured risk solutions, portfolio management and business development, with expertise across Southeast Asia.
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Markel hires AIG’s Abbas Choker as Asia Pacific CFO
Based in Singapore, the seasoned executive will report to Asia Pacific managing director Sucheng Chang.
Markel hires AIG’s Abbas Choker as Asia Pacific CFO
Based in Singapore, the seasoned executive will report to Asia Pacific managing director Sucheng Chang.
Based in Singapore, the seasoned executive will report to Asia Pacific managing director Sucheng Chang.
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Consilium secures Singapore broking licence, appoints Ben Compton as associate partner
Compton joins Singapore office leader Robert Drysdale, who joined the broker earlier this year.
Consilium secures Singapore broking licence, appoints Ben Compton as associate partner
Compton joins Singapore office leader Robert Drysdale, who joined the broker earlier this year.
Compton joins Singapore office leader Robert Drysdale, who joined the broker earlier this year.
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Howden appoints Maisie Ng as director of structured credit for North Asia
She joins from Santander Corporate & Investment Banking, where she had been the senior vice president for private debt mobilisation for Asia Pacific since January 2023.
Howden appoints Maisie Ng as director of structured credit for North Asia
She joins from Santander Corporate & Investment Banking, where she had been the senior vice president for private debt mobilisation for Asia Pacific since January 2023.
She joins from Santander Corporate & Investment Banking, where she had been the senior vice president for private debt mobilisation for Asia Pacific since January 2023.
Popular posts:
- Tokio Marine considering IAG, Suncorp in potential Australia deal: report
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- Allianz strikes US$2.1bn deal for HSBC Life Singapore
- Holed below the water line, Lloyd’s moral authority sinks as John Neal escapes sanctions after weak probe
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Residential losses from Japan earthquake could top 2016 Kumamoto claims, but commercial damages contained
Loss adjusters say seismic upgrades since 2016 have limited structural and business interruption exposure for industry, but the region’s semiconductor concentration could still drive claims.
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P&I clubs face painful renewals as soaring Baltimore bridge liability costs leave some with difficult decisions to make
Cost of the MV Dali's collision with the Francis Scott Key Bridge in Baltimore in March 2024 is threatening the limits of the International Group (IG) of P&I Club’s reinsurance program and its Hydra captive.
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‘I haven’t seen risk this high for years’: shipping industry veteran Tim Huxley on unprecedented pressures facing shipowners
Escalating hostilities are driving up shipping costs, but cover remains available as insurers price risks pragmatically, Mandarin Shipping chairman tells InsuranceAsia News' Between the Lines podcast.
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‘Climate risk is becoming structural’: El Nino amplifies APAC protection gap as insurers shift to climate-informed models
Low insurance penetration, correlated weather losses and supply-chain stress are turning APAC's agricultural protection gap into a growing portfolio risk, 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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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
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AI rollout, war impacts to drive specialty innovation in greater China: Markel’s Chelsea Jiang
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Hong Kong’s first virtual insurer eyes Malaysia-led Southeast Asia push after hitting ‘critical’ US$100m revenue milestone
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‘Forerunners in the unforeseeable’: Knightcorp challenges the status quo in Australia’s consolidated insurance market
M&A
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Tokio Marine considering IAG, Suncorp in potential Australia deal: report
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Australian competition regulator approves Allianz Partners’ nib travel portfolio acquisition
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Bain Capital in talks to acquire minority stake in India’s IndusInd General Insurance: report
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BNP Paribas Cardif to acquire Warburg Pincus’ 26% stake of IndiaFirst Life
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Shinhan Financial eyes non-life acquisition, confirms Lotte Non-Life interest
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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Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models.
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Unlike acute illnesses, dementia creates a long tail of financial need and its impact extends well beyond patients.
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Jane Mason finds sweet spot at Delta Insurance Australia as head of underwriting
Mason, who founded a gourmet chocolate company in India, joins the MGA from Probitas 1492 in Sydney.
-
Aon taps Jessie Shi for Asia transaction solutions role
Shanghai-based qualified lawyer and certified public accountant joins as an associate director having previously held roles at Chinese law firm Jun He, PwC and Intel Corporation.
-
Seadrif taps Xinmei Zheng as chief operating officer
Singapore-based Zheng brings nearly two decades of experience in underwriting, structured risk solutions, portfolio management and business development, with expertise across Southeast Asia.
-
Markel hires AIG’s Abbas Choker as Asia Pacific CFO
Based in Singapore, the seasoned executive will report to Asia Pacific managing director Sucheng Chang.
-
Consilium secures Singapore broking licence, appoints Ben Compton as associate partner
Compton joins Singapore office leader Robert Drysdale, who joined the broker earlier this year.
-
Howden appoints Maisie Ng as director of structured credit for North Asia
She joins from Santander Corporate & Investment Banking, where she had been the senior vice president for private debt mobilisation for Asia Pacific since January 2023.
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Swiss Re names Ben Savill as new Australia and New Zealand chief
He will join the Swiss reinsurer in Sydney from Guy Carpenter in October.
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QBE Asia names Kwang Hun Cho as senior property underwriter
Singapore-based Cho joins from Chubb, where he spent nearly nine years in underwriting roles in South Korea and Singapore.
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AIG’s Ying Ying Lee returns to Berjaya Sompo as head of marine, aviation
Kuala Lumpur-based Lee rejoins the insurer following 15 years at AIG, where she was head of department for specialty since April 2011 and APAC lead for marine liability since July 2020.
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Berkley Insurance Asia names Shivi Bhutani as liability lines underwriter in Gift City
Before joining Berkley, she worked as a liability underwriter at ICICI Lombard.
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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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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.
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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.
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