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Property cat rates ease to pre-hard market levels even as Middle East turmoil tests specialty lines: Howden Re
April renewals see orderly completion with Japan cat XoL programs seeing up to 20% risk-adjusted reductions.
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China Re’s P&C net profit drops marginally to US$740m as revenue stays flat
Domestic P&C COR deteriorated to 95.98% as reinsurance service performance fell by half to US$109m.
China Re’s P&C net profit drops marginally to US$740m as revenue stays flat
Domestic P&C COR deteriorated to 95.98% as reinsurance service performance fell by half to US$109m.
Domestic P&C COR deteriorated to 95.98% as reinsurance service performance fell by half to US$109m.
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Specialty MGA hires HDI veteran Uwe Sievers to drive Japan expansion
As director business development, he will report to MNK Group chairman Manoj Kumar.
Specialty MGA hires HDI veteran Uwe Sievers to drive Japan expansion
As director business development, he will report to MNK Group chairman Manoj Kumar.
As director business development, he will report to MNK Group chairman Manoj Kumar.
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Kensuke Hirai succeeds Ken Unoki as MSIG Singapore’s MD
Unoki is taking up a role at MSIG's head office in Japan.
Kensuke Hirai succeeds Ken Unoki as MSIG Singapore’s MD
Unoki is taking up a role at MSIG's head office in Japan.
Unoki is taking up a role at MSIG's head office in Japan.
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David Brumpton returns to Marsh, Jonathon Fox takes on expanded APAC role
Brumpton joins Marsh Pacific as head of client services. while Fox takes on the expanded role of Asia Pacific claims leader for Marsh Risk.
David Brumpton returns to Marsh, Jonathon Fox takes on expanded APAC role
Brumpton joins Marsh Pacific as head of client services. while Fox takes on the expanded role of Asia Pacific claims leader for Marsh Risk.
Brumpton joins Marsh Pacific as head of client services. while Fox takes on the expanded role of Asia Pacific claims leader for Marsh Risk.
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‘The onus is on all of us’: Hong Kong’s ILS market needs buy in from local investors, Peak Re says
Awareness of the asset class and its benefits is low among locally based funds in Hong Kong, head of third-party capital Iain Reynolds tells InsuranceAsia News.
‘The onus is on all of us’: Hong Kong’s ILS market needs buy in from local investors, Peak Re says
Awareness of the asset class and its benefits is low among locally based funds in Hong Kong, head of third-party capital Iain Reynolds tells InsuranceAsia News.
Awareness of the asset class and its benefits is low among locally based funds in Hong Kong, head of third-party capital Iain Reynolds tells InsuranceAsia News.
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Indian regulator approves shift to new financial reporting for insurers from Wednesday
Amendments represent a significant step towards modernising the financial reporting framework of the insurance sector in India, the Insurance Regulatory and Development Authority of India says.
Indian regulator approves shift to new financial reporting for insurers from Wednesday
Amendments represent a significant step towards modernising the financial reporting framework of the insurance sector in India, the Insurance Regulatory and Development Authority of India says.
Amendments represent a significant step towards modernising the financial reporting framework of the insurance sector in India, the Insurance Regulatory and Development Authority of India says.
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JC Flowers acquires controlling stake in India’s Niyam Group
American PE firm is also lead investor in the group's newly established Lloyd’s carrier, Niyam Syndicate 2047, which is set to commence underwriting from Wednesday.
JC Flowers acquires controlling stake in India’s Niyam Group
American PE firm is also lead investor in the group's newly established Lloyd’s carrier, Niyam Syndicate 2047, which is set to commence underwriting from Wednesday.
American PE firm is also lead investor in the group's newly established Lloyd’s carrier, Niyam Syndicate 2047, which is set to commence underwriting from Wednesday.
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QBE hands Mandy Chan expanded role as head of operational power generation, ESG for Asia
Singapore-based Chan, who is currently Asia senior engineering underwriter, will continue to lead QBE's operational power generation portfolio and regional ESG initiatives.
QBE hands Mandy Chan expanded role as head of operational power generation, ESG for Asia
Singapore-based Chan, who is currently Asia senior engineering underwriter, will continue to lead QBE's operational power generation portfolio and regional ESG initiatives.
Singapore-based Chan, who is currently Asia senior engineering underwriter, will continue to lead QBE's operational power generation portfolio and regional ESG initiatives.
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Peak Re grows FY25 underwriting result 12.7% to US$163m, GWP up 25%
Hong Kong carrier's reinsurance revenue grew 33% to US$1.5bn, while GWP stood at US$2bn, according to the annual results of parent company Fosun International.
Peak Re grows FY25 underwriting result 12.7% to US$163m, GWP up 25%
Hong Kong carrier's reinsurance revenue grew 33% to US$1.5bn, while GWP stood at US$2bn, according to the annual results of parent company Fosun International.
Hong Kong carrier's reinsurance revenue grew 33% to US$1.5bn, while GWP stood at US$2bn, according to the annual results of parent company Fosun International.
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MSIG taps Masanori Ishibashi as Hong Kong deputy CEO
He takes over from Shujiro Suzuki, who will move to a new role within the MSIG group.
MSIG taps Masanori Ishibashi as Hong Kong deputy CEO
He takes over from Shujiro Suzuki, who will move to a new role within the MSIG group.
He takes over from Shujiro Suzuki, who will move to a new role within the MSIG group.
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Gallagher acquires Australia’s International Insurance Brokers
Acquisition is Gallagher's second in Australia this month.
Gallagher acquires Australia’s International Insurance Brokers
Acquisition is Gallagher's second in Australia this month.
Acquisition is Gallagher's second in Australia this month.
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Jio Financial Services targets 2026 entry into life, general insurance
Company expects to partner with Allianz to underwrite in India, according to local media.
Jio Financial Services targets 2026 entry into life, general insurance
Company expects to partner with Allianz to underwrite in India, according to local media.
Company expects to partner with Allianz to underwrite in India, according to local media.
Popular posts:
- ‘Exciting times’ for Indian market as capacity influx drives steep softening at 1.4 renewals
- Lloyd’s secures Gift City reinsurance licence
- Korean broker Simon Global launches Hong Kong-based MGA SXG Underwriting
- ‘This isn’t Beirut, I’m staying put’: specialty (re)insurance market toughing it out in Dubai as economy suffers
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Capital optimisation key for Japanese insurers as new solvency regime arrives
New economic value-based solvency regime will replace the existing solvency margin ratio with an economic solvency ratio on Tuesday.
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Iran conflict imposes ‘squeeze’ on Asian PVT covers
Iran conflict has sparked a hardening of political violence and terrorism (PVT) insurance rates in Asia and a spike in demand for coverage, according to brokers and underwriters.
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Philippine cedents ‘buying smartly’ as market softens, proportional capacity returns
Reinsurance brokers are witnessing up to 15-20% rate reduction on a risk-adjusted basis at 1.4 renewals, as nat cat losses were manageable and less severe than anticipated.
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‘Exciting times’ for Indian market as capacity influx drives steep softening at 1.4 renewals
Status as a magnet for global reinsurance capacity is driving significant rate reductions despite the ongoing conflict in the Middle East, according to brokers.
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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JC Flowers acquires controlling stake in India’s Niyam Group
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Gallagher acquires Australia’s International Insurance Brokers
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Australian broker Envest merges transport specialist MGAs
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Berkshire Hathaway to pick up 2.5% of Tokio Marine for US$1.8bn, agree quota share deal
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Sodalis acquires MGA startup Amiga Specialty for US$2.4m
ESG
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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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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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Kensuke Hirai succeeds Ken Unoki as MSIG Singapore’s MD
Unoki is taking up a role at MSIG's head office in Japan.
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David Brumpton returns to Marsh, Jonathon Fox takes on expanded APAC role
Brumpton joins Marsh Pacific as head of client services. while Fox takes on the expanded role of Asia Pacific claims leader for Marsh Risk.
-
QBE hands Mandy Chan expanded role as head of operational power generation, ESG for Asia
Singapore-based Chan, who is currently Asia senior engineering underwriter, will continue to lead QBE's operational power generation portfolio and regional ESG initiatives.
-
MSIG taps Masanori Ishibashi as Hong Kong deputy CEO
He takes over from Shujiro Suzuki, who will move to a new role within the MSIG group.
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Delta Insurance New Zealand promotes Dinesh Murali to managing director
He has been with the MGA for 12 years, most recently as chief underwriting officer.
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Sumit Aneja to lead Niyam Group’s new Gift City reinsurance branch
Niyam Group is the first insurance intermediary office from India’s first special economic zone to offer Lloyd’s of London capacity.
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Krishnamoorthy Rao returns to Generali to lead India P&C JV
He was formerly with Generali in India and Malaysia for over 16 years.
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Jeremy Robson named acting Suncorp CEO
Robson will fill in for CEO Steve Johnston, who is taking medical leave.
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Allianz Jio Re JV begins operation, appoints Sonia Rawal as CEO
Mumbai-headquartered reinsurance JV will underwrite in India, effective immediately, across all lines of business, life and non-life, treaty and facultative.
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Kiwi insurer Tower appoints Simon Hoole as interim CFO
He replaces Angus Shelton, who will commence a period of planned extended leave from May 1, having served as interim CFO since February 2025.
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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.
Japanese non-life insurers to outperform life firms on fundamentals: Fitch’s Morinaga
Teruki Morinaga, director of insurance at Fitch Ratings in Tokyo, talks to InsuranceAsia News on the market forces shaping Japan's insurance sector.
Greater local investor participation in ILS needed: Peak Re’s Reynolds
Iain Reynolds, head of third party capital at Peak Re, talks to InsuranceAsia News about the development of Asia's insurance-linked securities 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