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China-Taiwan woes put pressure on marine (re)insurance market
Lack of data for accumulation risks and unavailability of a maximum loss scenario are real concerns for the shipping sector, says IUMI president Frédéric Denèfle.
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Canopius continues Australia expansion with two senior hires
Lucy Lumb joins the firm as underwriter, property coverholder and delegated authority, while Trisha Urquhart joins as underwriter - accident and health.
Lucy Lumb joins the firm as underwriter, property coverholder and delegated authority, while Trisha Urquhart joins as underwriter - accident and health.
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Bolttech raises US$50m from LeapFrog in extended Series B round
The Singapore-based insurtech will use the proceeds to fund its global growth strategy, with a focus on emerging markets.
The Singapore-based insurtech will use the proceeds to fund its global growth strategy, with a focus on emerging markets.
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Former CEO, CFO at New Zealand’s collapsed insurer CBL cleared of fraud charges
There were 11 cases brought by the country's Serious Fraud Office relating to transactions made by CEO Paul Harris and CFO Carden Mulholland in the run-up to the failure of the credit insurer.
There were 11 cases brought by the country's Serious Fraud Office relating to transactions made by CEO Paul Harris and CFO Carden Mulholland in the run-up to the failure of the credit insurer.
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Typhoon Nanmadol’s final loss count is US$850m: Perils
The storm hit the Japanese islands of Kyushu and Shikoku and the western and central regions of Japan’s main island of Honshu in September last year.
The storm hit the Japanese islands of Kyushu and Shikoku and the western and central regions of Japan’s main island of Honshu in September last year.
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Miller rolls out APAC treaty team with Lockton Re raid
Bruce Ford and Pei Nee Goi join team leader Richard Broad in Singapore, while Jo Garnett and Hui Sin Low join in Malaysia.
Bruce Ford and Pei Nee Goi join team leader Richard Broad in Singapore, while Jo Garnett and Hui Sin Low join in Malaysia.
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Steadfast’s Insurance Brands adds Peacock Insurance to its fold
The New South Wales-based brokerage specialises in heavy transport, earthmoving insurance and marine and logistics coverage.
The New South Wales-based brokerage specialises in heavy transport, earthmoving insurance and marine and logistics coverage.
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Sedgwick New Zealand strengthens business development team to expand local base
Hamish Blair (pictured) has been promoted to head of business development and Shuzaha Houghton roped in as business development manager.
Hamish Blair (pictured) has been promoted to head of business development and Shuzaha Houghton roped in as business development manager.
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Australia’s BoM declares El Niño and positive Indian Ocean Dipole as bushfires spark across three states
The combination, last seen in 2015, means warmer and drier conditions for at least the next three months increasing the risk of bushfires.
The combination, last seen in 2015, means warmer and drier conditions for at least the next three months increasing the risk of bushfires.
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Hong Kong’s drainage improvements allowed city to bounce back after historic rainstorm: Guy Carpenter
The broker notes a further five stormwater storage tanks are being planned in the SAR which saw 60 flooding and 75 landslide reports and 80 blocked roads.
The broker notes a further five stormwater storage tanks are being planned in the SAR which saw 60 flooding and 75 landslide reports and 80 blocked roads.
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Arch Australia hires Joe Bone as PI product and distribution manager
Based in Sydney, the former BHSI exec will report to Anthony Hinde, underwriting manager, professional indemnity.
Based in Sydney, the former BHSI exec will report to Anthony Hinde, underwriting manager, professional indemnity.
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CIB’s chairman Alex Yip eyes GBA opportunities for Hong Kong’s specialty market
Since transitioning away from being a self-regulatory body, the Confederation of Insurance Brokers is focusing on redeveloping the city as a ‘key hub’ for the Asian (re)insurance sector.
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What explains Singapore’s quiet broker M&A market?
While there has been some activity around the fringes over the last 12 months, organic growth appears more attractive.
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Fast-changing renewable tech throws up underwriting challenges
In Asia Pacific, offshore wind and projects involving highly flammable gases like hydrogen are the hardest to secure coverage for as carriers choose to err on the side of caution given a lack of data.
Spotlight
M&A
ESG
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Extreme heat, typhoon ‘most concerning’ climate hazards for APAC: MSCI
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Opinion: Hong Kong’s insurance players should step up risk mitigation for clients and the city
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Lloyd’s Lab’s 11th cohort has focus on APAC climate, cyber and sustainability
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Gallagher hires Australia head of climate and sustainability from Marsh
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WTW, Axa Climate roll out Asia’s first 4-peril parametric cover
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Embedded insurance is more than just a tick in the box, it calls for a hands-on approach involving thoughtful consideration of customer value.
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Multiple positive growth drivers underpin optimism about the insurance outlook of the region.
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While supply chain management is inherently complex, companies can take proactive measures to minimise risk exposures.
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Canopius continues Australia expansion with two senior hires
Lucy Lumb joins the firm as underwriter, property coverholder and delegated authority, while Trisha Urquhart joins as underwriter - accident and health.
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Miller rolls out APAC treaty team with Lockton Re raid
Bruce Ford and Pei Nee Goi join team leader Richard Broad in Singapore, while Jo Garnett and Hui Sin Low join in Malaysia.
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Sedgwick New Zealand strengthens business development team to expand local base
Hamish Blair (pictured) has been promoted to head of business development and Shuzaha Houghton roped in as business development manager.
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Arch Australia hires Joe Bone as PI product and distribution manager
Based in Sydney, the former BHSI exec will report to Anthony Hinde, underwriting manager, professional indemnity.
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Aon names Cathryn Neo as Asia associate director, transaction solutions
Singapore-based Neo, a former legal practice partner, takes charge of the broker's litigation and contingent risks business in the region.
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AIG makes Matthew Pereira head of commercial property, Hong Kong, Macau and Taiwan
Pereira had joined AIG as a data analyst in London and has gained experience in underwriting, primarily property-related portfolio and nat cat risks.
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Charles Taylor takes Sedgwick’s Alan Page as executive adjuster, construction & engineering
Brisbane-based Page was previously head of engineering and resources for Sedgwick.
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Miller taps Lockton’s Richard Broad as head of treaty reinsurance APAC
Singapore-based Broad's appointment follows a recent leadership rejig at the specialist broker that saw Nigel Cross named head of facultative reinsurance in the region.
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Lockton names Piers Hughes Asia head of reinsurance
Hughes, who started in the role on September 13, will continue to be based in Singapore and report to Warren Merritt, regional CEO - Asia Pacific.
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Markel to expand in Australia with three new offices
The specialty insurer will be headquartered in Melbourne and headed by Axa XL's Rory Morison, who will start on September 27.
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Why are take-up rates for environmental impairment liability insurance low in Asia?
Jui Lien Chung, AXA XL
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How to build more inclusive insurance markets
Melissa Leitner, Swiss Re
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Fine art: An asset unlike any other
Sylvie Gleises, AXA XL
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Six tech trends shaping the market in 2023
David Lynch, bolttech
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Confronting inflation to avoid playing catch up at renewals
Mark Senkevics, Swiss Re
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Tracking Asia’s volatile marine market
Jonathan Holmes, AXA XL
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Loss adjusting 2.0 – what does the future hold for this venerable profession?
Chris Panes, McLarens
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Chinese P&C carriers focus on agri, liability offerings in acceleration away from motor
Improved underwriting results, new products and a push from the government are driving growth, but an uncertain economic outlook has seen carriers rush to pare credit surety exposures.
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China reopening to drive non-life growth as APAC nat cat protection gap widens
Swiss Re is forecasting emerging Asia to see non-life growth of over 6.5% in 2023 with global P&C premiums set to cross US$4tn this year.
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Hong Kong and China P&C players’ underwriting margins squeezed
Carriers are under pressure as reinsurance costs rise, however, at 10% coverage for the top 15 Chinese insurers, there is plenty of room to grow.
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Fubon hamstrung by US$620m reinsurance recoveries for Covid claims
Hannover Re is among the reinsurers with the most exposure and a resolution could be months away, IAN understands.
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Singapore and Hong Kong see underwriting profit, GWP bounce back
While faster premium growth saw the Lion City extend its lead over the regional rival, the SAR insurers' underwriting profits more than doubled in 2022.
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Underwriting gains spur Australian carriers stung by investment losses
Rate increases helped non-life underwriting profit grow 69.4% in 2022 despite higher claims.
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Asian economic, BI and cyber worries on the rise in 2023
Higher-than-expected inflation and financial market volatility are among the biggest concerns for insureds in the region.
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APAC to drive non-life GWP growth and profitability until 2024
East Asia will perform particularly well despite worsening macroeconomic challenges, says Swiss Re economist.
How Japanese non-lifers are coping with more frequent nat cat risk
Teruki Morinaga, Director, Insurance, Fitch Ratings Japan
Emerging trends in a post-pandemic world
Andy Tsui, Allied World
Regulatory challenges and opportunities for insurers in 2023
Erik Bleekrode, KPMGIndustry insights and in-depth analysis
Our reports take deep dives into a variety of themes with comments from leading practitioners, data and proprietary analytics. Keep on top of the latest market trends and discover opportunities with our reports.
APAC aviation recovery brings risks over replacing and repairing older aircraft
Andy Pickford, McLarens