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Deadly China fireworks blast triggers US$878,000 work safety payout from Ping An P&C
President Xi Jinping orders an investigation after Monday's explosion at a fireworks manufacturing hub in south-central Hunan province kills at least 26 and injures 61.
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New Zealand faces ‘pockets of vulnerability’ from rising home insurance costs: RBNZ
Rising premiums due to increasing rebuild costs, climate change and better modelling and retreat of insurers from certain areas are likely to cause financial instability, central bank says.
New Zealand faces ‘pockets of vulnerability’ from rising home insurance costs: RBNZ
Rising premiums due to increasing rebuild costs, climate change and better modelling and retreat of insurers from certain areas are likely to cause financial instability, central bank says.
Rising premiums due to increasing rebuild costs, climate change and better modelling and retreat of insurers from certain areas are likely to cause financial instability, central bank says.
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AIG moves Igor Chichkan to Singapore as APAC financial lines underwriting manager
He relocates from the insurer's Dubai office, where he was head of financial lines for the UAE.
AIG moves Igor Chichkan to Singapore as APAC financial lines underwriting manager
He relocates from the insurer's Dubai office, where he was head of financial lines for the UAE.
He relocates from the insurer's Dubai office, where he was head of financial lines for the UAE.
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Sedgwick Australia appoints Simon Kay as CEO, Kimberley Daley as COO
Interim CEO Phil van Zyl will resume his focus on leading the New Zealand business.
Sedgwick Australia appoints Simon Kay as CEO, Kimberley Daley as COO
Interim CEO Phil van Zyl will resume his focus on leading the New Zealand business.
Interim CEO Phil van Zyl will resume his focus on leading the New Zealand business.
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Igloo charts next growth phase with international M&A, AI-native overhaul, category expansion
CEO Raunak Mehta tells InsuranceAsia News' Between the Lines podcast about the Southeast Asian insurtech's next phase of growth using a three‑pillar strategy.
Igloo charts next growth phase with international M&A, AI-native overhaul, category expansion
CEO Raunak Mehta tells InsuranceAsia News' Between the Lines podcast about the Southeast Asian insurtech's next phase of growth using a three‑pillar strategy.
CEO Raunak Mehta tells InsuranceAsia News' Between the Lines podcast about the Southeast Asian insurtech's next phase of growth using a three‑pillar strategy.
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Asia market softening continues in Q1 despite Iran conflict impacts: Aon
India led Asia’s Q1 softening with double-digit rate cuts across property, D&O and cyber, while Japan remained an outlier with rate increases, the broker said.
Asia market softening continues in Q1 despite Iran conflict impacts: Aon
India led Asia’s Q1 softening with double-digit rate cuts across property, D&O and cyber, while Japan remained an outlier with rate increases, the broker said.
India led Asia’s Q1 softening with double-digit rate cuts across property, D&O and cyber, while Japan remained an outlier with rate increases, the broker said.
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Global reinsurance capital climbs to US$648bn as 2025 profitability hits record highs: Gallagher Re
Reinsurers’ ROE is expected to moderate from 19.3% last year to 14-15% projected for the composite in 2026.
Global reinsurance capital climbs to US$648bn as 2025 profitability hits record highs: Gallagher Re
Reinsurers’ ROE is expected to moderate from 19.3% last year to 14-15% projected for the composite in 2026.
Reinsurers’ ROE is expected to moderate from 19.3% last year to 14-15% projected for the composite in 2026.
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Global insurers resilient under 1-in-250-year catastrophe stress, but capital gaps emerge: S&P
Top 50 insurers face roughly US$430bn in gross exposure under a severe cat scenario, which would result in an 8% capital loss on average, the rating agency said.
Global insurers resilient under 1-in-250-year catastrophe stress, but capital gaps emerge: S&P
Top 50 insurers face roughly US$430bn in gross exposure under a severe cat scenario, which would result in an 8% capital loss on average, the rating agency said.
Top 50 insurers face roughly US$430bn in gross exposure under a severe cat scenario, which would result in an 8% capital loss on average, the rating agency said.
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AIG Australia hires Marsh veteran Carrisa Chung as underwriter for commercial property
Perth-based Chung has been working at Marsh since 2006, most recently as divisional manager for client services for Local Government Insurance Scheme, a mutual protection scheme of West Australian government.
AIG Australia hires Marsh veteran Carrisa Chung as underwriter for commercial property
Perth-based Chung has been working at Marsh since 2006, most recently as divisional manager for client services for Local Government Insurance Scheme, a mutual protection scheme of West Australian government.
Perth-based Chung has been working at Marsh since 2006, most recently as divisional manager for client services for Local Government Insurance Scheme, a mutual protection scheme of West Australian government.
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AIG hires Brannigan Ong as head of reinsurance for A&H
Singapore-based Ong was most recently a senior A&H underwriter for Asia at Everest.
AIG hires Brannigan Ong as head of reinsurance for A&H
Singapore-based Ong was most recently a senior A&H underwriter for Asia at Everest.
Singapore-based Ong was most recently a senior A&H underwriter for Asia at Everest.
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Aon bolsters Thailand operations with three appointments
Nicole Oversier rejoins Aon as Asia transaction solutions director, while Arisara Leekitratanapisan is appointed manager for Japan and Yuwaree Saensuk for health solutions.
Aon bolsters Thailand operations with three appointments
Nicole Oversier rejoins Aon as Asia transaction solutions director, while Arisara Leekitratanapisan is appointed manager for Japan and Yuwaree Saensuk for health solutions.
Nicole Oversier rejoins Aon as Asia transaction solutions director, while Arisara Leekitratanapisan is appointed manager for Japan and Yuwaree Saensuk for health solutions.
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Lockton appoints new Malaysia, India heads
Broker appoints Nicholas Lee as CEO of Lockton Sime in Malaysia, while Jay Sharma steps into the role of India CEO.
Lockton appoints new Malaysia, India heads
Broker appoints Nicholas Lee as CEO of Lockton Sime in Malaysia, while Jay Sharma steps into the role of India CEO.
Broker appoints Nicholas Lee as CEO of Lockton Sime in Malaysia, while Jay Sharma steps into the role of India CEO.
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Munich Re Retakaful appoints Kevin Rethual as CEO
He takes over from Serena Thio, who will transition into a senior advisory role before retiring from Munich Re at the end of 2026.
Munich Re Retakaful appoints Kevin Rethual as CEO
He takes over from Serena Thio, who will transition into a senior advisory role before retiring from Munich Re at the end of 2026.
He takes over from Serena Thio, who will transition into a senior advisory role before retiring from Munich Re at the end of 2026.
Popular posts:
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‘Insurance can play a significant role in removing uncertainty’: underwriters seek to unlock 2026 carbon credit market
Demand for carbon offsets is rising — but without insurance, analysts warn many credits may never reach the market.
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‘Catastrophic failure’ risk looms amid warning Shanghai floods could expand 80% by 2100
Study shows China's international financial hub requires layered defences, but also that the risk of a 'catastrophic failure' is real.
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Baltimore bridge loss reserve hits US$2.8bn, topping Costa Concordia; Q2 marine reserving at risk
US State of Maryland settles with MV Dali's owner and operator but not shipbuilder Hyundai, as the bridge collapse loss estimate rises to the largest marine insured loss ever.
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Japan’s space programme stumbles with back‑to‑back failures, but insurers remain grounded
Recent failures of Japan's Kairos and H3 rockets were reportedly uninsured and are not expected to materially impact space insurer profitability, although launch delays may have minor indirect effects.
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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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
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Fundamentals’ driving APAC’s asset-intensive reinsurance growth, with ample runway ahead: Aon
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‘We’re just getting started’: CyberCube bets on Asia’s cyber insurance gap as the ‘next big frontier’
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Hong Kong marine war risk pool seeks local capacity retention to wean off overseas markets, secure hub status
M&A
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Australia’s ATC acquires Frontier Global to expand financial lines, London market footprint
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Allianz, Jio sign binding deal for 50:50 India insurance JV
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Envest-backed Blue Zebra rebrands following merger of SGUA, Allstate, Point Insurance
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IAG’s RACI acquisition moves to phase two ACCC investigation
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Australia’s new merger control regime makes ‘positive start’, regulator says
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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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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A soft market presents organisations with opportunities to strengthen resilience, although the abundance of capacity is unlikely to persist.
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AIG moves Igor Chichkan to Singapore as APAC financial lines underwriting manager
He relocates from the insurer's Dubai office, where he was head of financial lines for the UAE.
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Sedgwick Australia appoints Simon Kay as CEO, Kimberley Daley as COO
Interim CEO Phil van Zyl will resume his focus on leading the New Zealand business.
-
AIG Australia hires Marsh veteran Carrisa Chung as underwriter for commercial property
Perth-based Chung has been working at Marsh since 2006, most recently as divisional manager for client services for Local Government Insurance Scheme, a mutual protection scheme of West Australian government.
-
AIG hires Brannigan Ong as head of reinsurance for A&H
Singapore-based Ong was most recently a senior A&H underwriter for Asia at Everest.
-
Aon bolsters Thailand operations with three appointments
Nicole Oversier rejoins Aon as Asia transaction solutions director, while Arisara Leekitratanapisan is appointed manager for Japan and Yuwaree Saensuk for health solutions.
-
Lockton appoints new Malaysia, India heads
Broker appoints Nicholas Lee as CEO of Lockton Sime in Malaysia, while Jay Sharma steps into the role of India CEO.
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Munich Re Retakaful appoints Kevin Rethual as CEO
He takes over from Serena Thio, who will transition into a senior advisory role before retiring from Munich Re at the end of 2026.
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Lockton Singapore promotes Adin Eng to head of corporate risks, overseeing P&C
He joined Lockton in July, having previously worked at MS First Capital and Oneglobal Broking.
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Zurich Malaysia names Wayne Leow as country head for commercial insurance
Kuala Lumpur-based Leow joins from Chubb, where he had been holding senior broking roles for nearly eight years.
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AIG elevates Hong Kong duo to casualty lead roles
Insurer promotes Evelyn Li to casualty corporate lead, and Carmen Ho to casualty major account lead.
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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 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.
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Australian underwriters incur 23% lower public liability claims in 2023
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
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