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Full Capacity: Steering through escalating Middle East conflict
This week's newsletter discusses an BHSI's leadership change, QBE's takeover in India, Hong Kong's new captive, Zurich sealing the Beazley deal and insurance during Middle East escalations.
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BHSI, Howden, Lockton, Starr, Marsh: 16 APAC insurance people moves of the week
Ergo Insurance, Aon, Beazley, Markel Insurance, QBE, Swiss Re CorSo, Raheja QBE, Market Lane, Swiss Re, CFC, Chubb, Liberty and Sompo also made personnel changes over the last week.
BHSI, Howden, Lockton, Starr, Marsh: 16 APAC insurance people moves of the week
Ergo Insurance, Aon, Beazley, Markel Insurance, QBE, Swiss Re CorSo, Raheja QBE, Market Lane, Swiss Re, CFC, Chubb, Liberty and Sompo also made personnel changes over the last week.
Ergo Insurance, Aon, Beazley, Markel Insurance, QBE, Swiss Re CorSo, Raheja QBE, Market Lane, Swiss Re, CFC, Chubb, Liberty and Sompo also made personnel changes over the last week.
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Ardonagh-backed Cornerstone Risk acquires Australia’s Cav Insure
Cav Insure was founded in 2015 in Stanthorpe, Queensland by Josh and Cara Cavallaro.
Ardonagh-backed Cornerstone Risk acquires Australia’s Cav Insure
Cav Insure was founded in 2015 in Stanthorpe, Queensland by Josh and Cara Cavallaro.
Cav Insure was founded in 2015 in Stanthorpe, Queensland by Josh and Cara Cavallaro.
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Aon appoints Markus Poh as director of transaction solutions for Asia
He joins from Singaporean law firm Rajah & Tann, where he had been a corporate lawyer since May 2022.
Aon appoints Markus Poh as director of transaction solutions for Asia
He joins from Singaporean law firm Rajah & Tann, where he had been a corporate lawyer since May 2022.
He joins from Singaporean law firm Rajah & Tann, where he had been a corporate lawyer since May 2022.
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Marsh names Tim Atkins head of Insurance Consulting Group for Pacific region
Sydney-based Atkins has led the Marsh McLennan Agency over the last six years.
Marsh names Tim Atkins head of Insurance Consulting Group for Pacific region
Sydney-based Atkins has led the Marsh McLennan Agency over the last six years.
Sydney-based Atkins has led the Marsh McLennan Agency over the last six years.
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QBE hires Zurich’s Chai Guan Lim as head of distribution in Malaysia
Kuala Lumpur-based Lim was most recently chief agency officer of Zurich Malaysia.
QBE hires Zurich’s Chai Guan Lim as head of distribution in Malaysia
Kuala Lumpur-based Lim was most recently chief agency officer of Zurich Malaysia.
Kuala Lumpur-based Lim was most recently chief agency officer of Zurich Malaysia.
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‘No longer optional’: parametric climate cover gains urgency as Asia Pacific faces accelerating volatility
Speaking on InsuranceAsia News’ Between the Lines podcast, CelsiusPro CEO Mark Rueegg says rapidly rising climate extremes and widening protection gaps are driving demand for scalable parametric solutions.
‘No longer optional’: parametric climate cover gains urgency as Asia Pacific faces accelerating volatility
Speaking on InsuranceAsia News’ Between the Lines podcast, CelsiusPro CEO Mark Rueegg says rapidly rising climate extremes and widening protection gaps are driving demand for scalable parametric solutions.
Speaking on InsuranceAsia News’ Between the Lines podcast, CelsiusPro CEO Mark Rueegg says rapidly rising climate extremes and widening protection gaps are driving demand for scalable parametric solutions.
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War cover for Gulf and Red Sea available on single-voyage basis amid fluid risks: IUMI
In the current fast-paced situation, insurers will regularly re-examine their ability and willingness to provide that provide cover.
War cover for Gulf and Red Sea available on single-voyage basis amid fluid risks: IUMI
In the current fast-paced situation, insurers will regularly re-examine their ability and willingness to provide that provide cover.
In the current fast-paced situation, insurers will regularly re-examine their ability and willingness to provide that provide cover.
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Aon hands George Attard additional role as global head of analytics for reinsurance solutions
Former APAC CEO of reinsurance solutions will take on this new role along with his current chief strategy officer role.
Aon hands George Attard additional role as global head of analytics for reinsurance solutions
Former APAC CEO of reinsurance solutions will take on this new role along with his current chief strategy officer role.
Former APAC CEO of reinsurance solutions will take on this new role along with his current chief strategy officer role.
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Cyber tail, property cat blended structures cut reinsurance costs: Gallagher Re
Shared limit structures can lead to materially lower pricing, through lower capital requirements and diversification benefits.
Cyber tail, property cat blended structures cut reinsurance costs: Gallagher Re
Shared limit structures can lead to materially lower pricing, through lower capital requirements and diversification benefits.
Shared limit structures can lead to materially lower pricing, through lower capital requirements and diversification benefits.
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Mitsui Sumitomo completes acquisition of 15% stake in WR Berkley
Japanese insurance group acquired the shares on the secondary market from public shareholders, and no shares were sold by the WR Berkley Corporation or the Berkley family.
Mitsui Sumitomo completes acquisition of 15% stake in WR Berkley
Japanese insurance group acquired the shares on the secondary market from public shareholders, and no shares were sold by the WR Berkley Corporation or the Berkley family.
Japanese insurance group acquired the shares on the secondary market from public shareholders, and no shares were sold by the WR Berkley Corporation or the Berkley family.
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Australia’s competition watchdog reopens review of IAG-RAC deal
Australian Competition and Consumer Commission begins a new assessment after the insurer reapplied under updated merger laws.
Australia’s competition watchdog reopens review of IAG-RAC deal
Australian Competition and Consumer Commission begins a new assessment after the insurer reapplied under updated merger laws.
Australian Competition and Consumer Commission begins a new assessment after the insurer reapplied under updated merger laws.
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Stella Gilson returns to Sydney to lead CFC’s new tech, media push in Australia
She served as media and technology underwriter at CFC London for the past 12 years.
Stella Gilson returns to Sydney to lead CFC’s new tech, media push in Australia
She served as media and technology underwriter at CFC London for the past 12 years.
She served as media and technology underwriter at CFC London for the past 12 years.
Popular posts:
- QBE to take full control of Indian non-life JV Raheja QBE in US$35.5m deal
- War risk insurers cancel covers, raise prices for ships in Gulf and Strait of Hormuz: report
- Liberty confirms Cynthia Sze appointment to lead unified Hong Kong unit as duo depart
- Warning of 50% spike in marine war risk premiums as Iran conflict intensifies
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Legal precedent raises stakes for aviation war insurers as Iran conflict grounds fleets
Aviation war market faces a flurry of policy cancellations and reinstatements this week, with rates expected to surge by triple digits.
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Warning of 50% spike in marine war risk premiums as Iran conflict intensifies
With US$500bn in energy trade at a standstill, proportionality and caution are the watchwords for the marine market as it braces for a prolonged crisis.
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Cat’s well and truly out of the bag: Asia’s ILS market set for ‘active’ 2026
Other jurisdictions may follow Hong Kong and Singapore in establishing their own ILS regimes after a record-breaking year for catastrophe bond issuance globally last year.
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P&I clubs drop anchor on rate increases amid strong retentions
Gard, West P&I, The Swedish Club, NorthStandard, and Skuld reflect on the 2026 protection and indemnity (P&I) renewals season.
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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‘No longer optional’: parametric climate cover gains urgency as Asia Pacific faces accelerating volatility
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‘Big expectations’ as Gift City branch gives Mapfre Re vehicle to drive India, APAC growth: Javier Sánchez Cea
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‘Exciting and new’: Specialist Risk Group aims to put itself on the map in Australia, Southeast Asia
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Cyber on the mind for ‘next few years’ as Asian ransomware attacks more than double as digitalisation outpaces defences
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Chubb’s Evan Greenberg ‘bullish on long-term opportunity’ for Asia
M&A
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Ardonagh-backed Cornerstone Risk acquires Australia’s Cav Insure
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Mitsui Sumitomo completes acquisition of 15% stake in WR Berkley
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Australia’s competition watchdog reopens review of IAG-RAC deal
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Zurich, Beazley finalise terms on US$11bn deal to build specialty powerhouse
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QBE to take full control of Indian non-life JV Raheja QBE in US$35.5m deal
ESG
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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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Carbon specialist Kita expands into Australia
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Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’
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With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
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Aon appoints Markus Poh as director of transaction solutions for Asia
He joins from Singaporean law firm Rajah & Tann, where he had been a corporate lawyer since May 2022.
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Marsh names Tim Atkins head of Insurance Consulting Group for Pacific region
Sydney-based Atkins has led the Marsh McLennan Agency over the last six years.
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QBE hires Zurich’s Chai Guan Lim as head of distribution in Malaysia
Kuala Lumpur-based Lim was most recently chief agency officer of Zurich Malaysia.
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Aon hands George Attard additional role as global head of analytics for reinsurance solutions
Former APAC CEO of reinsurance solutions will take on this new role along with his current chief strategy officer role.
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Stella Gilson returns to Sydney to lead CFC’s new tech, media push in Australia
She served as media and technology underwriter at CFC London for the past 12 years.
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‘Accomplished leader’ Shambhavi Amin joins Raheja QBE as chief claims officer
She joins after 25 years at Reliance General Insurance.
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Market Lane taps Jo Mason as New Zealand MD
She previously served as CEO of NZbrokers for just under 10 years.
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Markel appoints Ravi Jain as business development, distribution lead for India
He will report to Markel India managing director Deepika Mathur.
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Swiss Re confirms veteran Tamas Bown to return to APAC as L&H business head
He will take over as head of the life and health reinsurance business in Asia Pacific, excluding China, from April 1, subject to regulatory approvals.
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Starr taps Danielle An as Singapore head of financial lines
An joins Starr after more than 15 years at Allianz.
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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.
1.1 renewals takeaways and 2026 market outlook with Gallagher Re’s Mark O’Brien
Mark O'Brien, head of Asia Pacific at Gallagher Re, talks to InsuranceAsia News about the 1.1 renewals and the outlook for the market in 2026.
Cyber insurance has a long way to go amid soaring demand in Asia: WTW’s Carlos Grijalva
Carlos Grijalva, cyber leader for Hong Kong and greater China at WTW, talks to InsuranceAsia News about the development of the cyber market in Asia.
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