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Insurers brace for cyber ‘contagion’ as AI collapses attack window
Experts warn AI has cut the gap between vulnerability and exploit to as little as 20 seconds — and insurers lack the claims capacity for a systemic event.
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Investment boom drives Hong Kong non-life profitability despite Wang Fuk fire claims: AM Best
A&H remains the largest premium contributor in Hong Kong, representing 36.6% of the market GWP, followed by property damage at 26% and general liability, including employees’ compensation, at 17.2%.
Investment boom drives Hong Kong non-life profitability despite Wang Fuk fire claims: AM Best
A&H remains the largest premium contributor in Hong Kong, representing 36.6% of the market GWP, followed by property damage at 26% and general liability, including employees’ compensation, at 17.2%.
A&H remains the largest premium contributor in Hong Kong, representing 36.6% of the market GWP, followed by property damage at 26% and general liability, including employees’ compensation, at 17.2%.
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MSI Oceania hires Suncorp’s Kerryn Christie for new broker partnership role
She has been appointed as head of broker partnerships for Australia and New Zealand.
MSI Oceania hires Suncorp’s Kerryn Christie for new broker partnership role
She has been appointed as head of broker partnerships for Australia and New Zealand.
She has been appointed as head of broker partnerships for Australia and New Zealand.
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QBE elevates Nigel Hawtin to chief transformation and operations officer
Sydney-based Hawtin is currently general manager for property and liability claims at QBE Australia Pacific.
QBE elevates Nigel Hawtin to chief transformation and operations officer
Sydney-based Hawtin is currently general manager for property and liability claims at QBE Australia Pacific.
Sydney-based Hawtin is currently general manager for property and liability claims at QBE Australia Pacific.
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Howden appoints Sarah Pendred as partner for M&A insurance in Australia
Jesse Krause also joins from WTW as a senior associate within the M&A division.
Howden appoints Sarah Pendred as partner for M&A insurance in Australia
Jesse Krause also joins from WTW as a senior associate within the M&A division.
Jesse Krause also joins from WTW as a senior associate within the M&A division.
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Mandarin Re enters retakaful market with Labuan financial regulator approval
Kuala Lumpur-headquartered reinsurer will extend Shariah-compliant capital to carriers in Malaysia, Brunei, Pakistan, and the Middle East.
Mandarin Re enters retakaful market with Labuan financial regulator approval
Kuala Lumpur-headquartered reinsurer will extend Shariah-compliant capital to carriers in Malaysia, Brunei, Pakistan, and the Middle East.
Kuala Lumpur-headquartered reinsurer will extend Shariah-compliant capital to carriers in Malaysia, Brunei, Pakistan, and the Middle East.
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Aon, Blackstone launch Lloyd’s syndicate Cortina 1956 with QBE as managing agent
Expected to begin underwriting from January 1, Cortina will write 3% of eligible property catastrophe excess-of-loss treaties and 5% of all other eligible treaties arranged by Aon.
Aon, Blackstone launch Lloyd’s syndicate Cortina 1956 with QBE as managing agent
Expected to begin underwriting from January 1, Cortina will write 3% of eligible property catastrophe excess-of-loss treaties and 5% of all other eligible treaties arranged by Aon.
Expected to begin underwriting from January 1, Cortina will write 3% of eligible property catastrophe excess-of-loss treaties and 5% of all other eligible treaties arranged by Aon.
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Full Capacity: India’s commission caps could prove costly for brokers
This week's newsletter also discusses a new Lockton's Japan plans, Singapore data centre facility, Hong Kong's AIR framework review, and TFP APAC launch
Full Capacity: India’s commission caps could prove costly for brokers
This week's newsletter also discusses a new Lockton's Japan plans, Singapore data centre facility, Hong Kong's AIR framework review, and TFP APAC launch
This week's newsletter also discusses a new Lockton's Japan plans, Singapore data centre facility, Hong Kong's AIR framework review, and TFP APAC launch
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QBE, Allianz, Optio, Fidelis, Willis Re: 15 APAC insurance people moves of the week
AIG, Allianz Commercial, Tokio Marine Kiln, Liberty, Lockton, Chaucer, Chubb, Generali, BHSI, Lloyd’s Market Association, Aon and Howden also made personnel changes over the last week.
QBE, Allianz, Optio, Fidelis, Willis Re: 15 APAC insurance people moves of the week
AIG, Allianz Commercial, Tokio Marine Kiln, Liberty, Lockton, Chaucer, Chubb, Generali, BHSI, Lloyd’s Market Association, Aon and Howden also made personnel changes over the last week.
AIG, Allianz Commercial, Tokio Marine Kiln, Liberty, Lockton, Chaucer, Chubb, Generali, BHSI, Lloyd’s Market Association, Aon and Howden also made personnel changes over the last week.
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‘Not riskier, just different’: Lloyd’s Rachel Turk warns insurers to adapt or lose relevance
Chief of performance and strategy says the industry cannot keep relying on familiar lines — warning that a tech company with a 20-year-old innovation 'would be laughed off the stage' — and must find ways to say yes to new risks.
‘Not riskier, just different’: Lloyd’s Rachel Turk warns insurers to adapt or lose relevance
Chief of performance and strategy says the industry cannot keep relying on familiar lines — warning that a tech company with a 20-year-old innovation 'would be laughed off the stage' — and must find ways to say yes to new risks.
Chief of performance and strategy says the industry cannot keep relying on familiar lines — warning that a tech company with a 20-year-old innovation 'would be laughed off the stage' — and must find ways to say yes to new risks.
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Amiga Specialty grows commercial professional indemnity capacity to US$20m
Capacity increase is being facilitated by Amiga Specialty's existing partnership with Axa XL and new support from the Lloyd's market.
Amiga Specialty grows commercial professional indemnity capacity to US$20m
Capacity increase is being facilitated by Amiga Specialty's existing partnership with Axa XL and new support from the Lloyd's market.
Capacity increase is being facilitated by Amiga Specialty's existing partnership with Axa XL and new support from the Lloyd's market.
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AIG New Zealand hires Darrin Madgwick as head of client, broker engagement
Auckland-based Madgwick brings more than 30 years of insurance experience across Australia and New Zealand, spanning broking, underwriting, claims, business ownership and executive leadership.
AIG New Zealand hires Darrin Madgwick as head of client, broker engagement
Auckland-based Madgwick brings more than 30 years of insurance experience across Australia and New Zealand, spanning broking, underwriting, claims, business ownership and executive leadership.
Auckland-based Madgwick brings more than 30 years of insurance experience across Australia and New Zealand, spanning broking, underwriting, claims, business ownership and executive leadership.
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China pilots US$1bn foreign investment quota for reinsurers’ inward business
PICC P&C, Ping An P&C, China Re, and CPIC's property and casualty subsidiary will be the first batch of insurers to participate in the pilot programme.
China pilots US$1bn foreign investment quota for reinsurers’ inward business
PICC P&C, Ping An P&C, China Re, and CPIC's property and casualty subsidiary will be the first batch of insurers to participate in the pilot programme.
PICC P&C, Ping An P&C, China Re, and CPIC's property and casualty subsidiary will be the first batch of insurers to participate in the pilot programme.
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‘Not riskier, just different’: Lloyd’s Rachel Turk warns insurers to adapt or lose relevance
Chief of performance and strategy says the industry cannot keep relying on familiar lines — warning that a tech company with a 20-year-old innovation 'would be laughed off the stage' — and must find ways to say yes to new risks.
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SIRC 2026: 4,000 delegates, 5 themes — rates, structures, partnerships, interconnectedness, facultative
The InsuranceAsia News team brings you the big takeaways from this week's event at the Marina Bay Sands — and what they mean for the upcoming renewals.
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SIRC 2026: ‘A softer market doesn’t mean a less risky world’: Lloyd’s APMEA CEO
Structural risk is rising, says Emma Loynes, who expects pressure in some areas into 2027 and sees data centre and AI infrastructure dependencies as the next underwriting challenge.
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SIRC 2026: Swiss Re’s regional P&C head emphasises risk understanding, portfolio quality
Understanding trends that are shaping the risk of tomorrow, and ensuring structures and coverages match the risks being taken is key, Anna Ziswiler 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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SIRC 2026: Markel sees Southeast Asia as critical to international ambitions
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SIRC 2026: Unencumbered by legacy, Willis Re starts afresh in Asia
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Scor Business Solutions sets sights on profitable APAC build-out with specialty push
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Sompo APAC’s consumer business targets sustainable expansion as regulators push market discipline
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Gallagher Specialty eyes Hong Kong, South Korea, Thailand as it bids to be ‘market disruptor’
M&A
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Willis Re completes acquisition of BMS Re’s US subsidiaries
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Halliwell acquires New Zealand’s Maynard Marks to expand Asia Pacific presence
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Malaysian central bank extends RHB-Tokio Marine insurance merger deadline to February
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IAG confident RACI deal will be completed in 2027 despite opposition
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AUB Group to acquire Aon’s One Underwriting Australia
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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Full Capacity: India’s commission caps could prove costly for brokers
This week's newsletter also discusses a new Lockton's Japan plans, Singapore data centre facility, Hong Kong's AIR framework review, and TFP APAC launch
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SIRC 2026: 4,000 delegates, 5 themes — rates, structures, partnerships, interconnectedness, facultative
The InsuranceAsia News team brings you the big takeaways from this week's event at the Marina Bay Sands — and what they mean for the upcoming renewals.
-
SIRC 2026: ‘A softer market doesn’t mean a less risky world’: Lloyd’s APMEA CEO
Structural risk is rising, says Emma Loynes, who expects pressure in some areas into 2027 and sees data centre and AI infrastructure dependencies as the next underwriting challenge.
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SIRC 2026: VIG Re will ‘trade through cycles’, stand by good clients in Asia expansion
Prague-based reinsurer’s APAC managing director Marc Haushofer says, ‘Asia is a good place to grow with caution’.
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SIRC 2026: ‘I don’t think that the market will turn anytime soon’: capital surplus continues to drive rate cuts ahead of 1.1 renewals: William Pang
Asia Reinsurance Brokers Group CEO believes the pace of reduction is decelerating and 'not as severe as in the past major renewals.'
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SIRC 2026: Capacity is plentiful, but softening is selective: Mandarin Re
Chief operating officer Mikhail Grishin warns clients not to underestimate the impact of climate change.
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SIRC 2026: Munich Re sees renewals move beyond price as risk complexity grows
Data centres are 'at the heart' of renewal talks as discussions shift from price to solutions, regional CEO Hitesh Kotak says.
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SIRC 2026: ‘How do we fill the gap?’ Markel’s Bo Yu on AI, young talent and independent judgement
Markel's Asia claims head warns that AI's convenience risks eroding independent judgement among younger staff, and explains how his teams are training to keep it.
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SIRC 2026: India, AI boom transform APAC’s credit and surety market: Peak Re
An abundance of capacity and historically low loss ratios are driving the softening of APAC’s credit and surety market, according to Kathleen Koh, managing director of credit and surety in Hong Kong.
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SIRC 2026: Axa XL targets fine art, niche lines to drive Asian specialty growth
More sophisticated cargo theft and softening rates are among the biggest pressures for regional marine markets, Todd Wilhelm, Asia head of specialty, says.
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BlackRock's Daniel Caderas and MSCI's Raman Aylur Subramanian explain why tactical asset allocation (TAA) and exchange-traded funds (ETF) have become essential as global markets fragment and static allocations lose their reliability.
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Maritime shipping faces growing geopolitical threats — missiles, drones, GPS interference, and cyber sabotage — requiring better intelligence, crew welfare, and resilience measures.
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Planning for future conditions from the outset can improve operational reliability, reduce potential disruption and protect long-term asset value.
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Captive insurance has evolved from niche tool to strategic risk infrastructure in Asia, with connected claims data seen as key to unlocking its full value.
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MSI Oceania hires Suncorp’s Kerryn Christie for new broker partnership role
She has been appointed as head of broker partnerships for Australia and New Zealand.
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QBE elevates Nigel Hawtin to chief transformation and operations officer
Sydney-based Hawtin is currently general manager for property and liability claims at QBE Australia Pacific.
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Howden appoints Sarah Pendred as partner for M&A insurance in Australia
Jesse Krause also joins from WTW as a senior associate within the M&A division.
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AIG New Zealand hires Darrin Madgwick as head of client, broker engagement
Auckland-based Madgwick brings more than 30 years of insurance experience across Australia and New Zealand, spanning broking, underwriting, claims, business ownership and executive leadership.
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Liberty Mutual appoints Scott West as head of war, terrorism in Singapore
He has been working at Liberty for over 10 years, most recently as senior underwriter for war and terrorism at Liberty Specialty Markets.
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Optio Group hires former Canopius executive Jamie Jeffers to lead APAC push
He takes over as managing director of Optio Asia in Singapore, effective immediately.
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Chaucer adds Jay Bae, Jessica Lee to Singapore underwriting platform
Bae appointed as lead underwriter for APAC agriculture, with Lee joining as class underwriter for reinsurance.
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Kevin Chin joins Willis Re’s growing Singapore team
He joins from Gallagher Re in Singapore having also previously spent six years with Aon in Singapore.
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Man Yin Lai becomes Chubb Malaysia’s CFO
She was previously Peak Re's reserving director in Hong Kong for the last two years.
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Aon taps Vivian Zhang to oversee APAC financial sponsors coverage
She previously worked for Gerson Lehrman Group and Bloomberg in Hong Kong.
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Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services
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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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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.
Reinsurers well positioned to expand earnings protection covers: Marsh Re’s Tony Gallagher
Cedents should look to rebalance their overall reinsurance protection and focus on retentions and limits purchased, Tony Gallagher, Asia Pacific CEO of Marsh Re, says.
No change, but headwinds remain ahead of 1.1 renewals: Howden Re’s Andy Souter
Andy Souter, head of APAC at Howden Re, speaks to InsuranceAsia News about the broker’s expectations for the coming 1.1 renewals, and Howden Re’s growth ambitions in the region.
Fire losses: "Having given evidence that played a key role in the court's assessment, I believe the court’s reasoning holds a clear lesson for insurers and claims professionals across the region: early evidence capture is critical in complex fire losses."
Anand Ghnavello, Halliwell