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US$76bn APAC nat cat losses in 2025 as protection gap widens: Aon
Region is facing a convergence of climate risks that are no longer isolated or seasonal, says reinsurance solutions’ APAC CEO Rupert Moore.
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Chubb Malaysia hires Allanz Singapore’s Ariel Llugdar as head of motor claims
Kuala Lumpur-based Llugdar has more than 30 years of insurance experience, including 10 years at Liberty Singapore and almost 20 years at Argentinian insurer La Caja.
Chubb Malaysia hires Allanz Singapore’s Ariel Llugdar as head of motor claims
Kuala Lumpur-based Llugdar has more than 30 years of insurance experience, including 10 years at Liberty Singapore and almost 20 years at Argentinian insurer La Caja.
Kuala Lumpur-based Llugdar has more than 30 years of insurance experience, including 10 years at Liberty Singapore and almost 20 years at Argentinian insurer La Caja.
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Australian brokers Network Insurance House, Scott Winton confirm ‘strategic partnership’
Scott Winton CEO Avi Tatarka will become executive director, remaining on the board, as Network Insurance House CEO Andrew Broughton takes on the additional role of Scott Winton CEO.
Australian brokers Network Insurance House, Scott Winton confirm ‘strategic partnership’
Scott Winton CEO Avi Tatarka will become executive director, remaining on the board, as Network Insurance House CEO Andrew Broughton takes on the additional role of Scott Winton CEO.
Scott Winton CEO Avi Tatarka will become executive director, remaining on the board, as Network Insurance House CEO Andrew Broughton takes on the additional role of Scott Winton CEO.
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Tropical Cyclone Vaianu led to ‘slightly elevated’ claims, Tower says
Fiji's Ministry of Agriculture says Vaianu caused US$1.5m in non-salvageable damage and affected 13,769 agricultural households.
Tropical Cyclone Vaianu led to ‘slightly elevated’ claims, Tower says
Fiji's Ministry of Agriculture says Vaianu caused US$1.5m in non-salvageable damage and affected 13,769 agricultural households.
Fiji's Ministry of Agriculture says Vaianu caused US$1.5m in non-salvageable damage and affected 13,769 agricultural households.
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Newline Asia elevates trio of underwriters in Singapore
Lloyd’s specialty insurer promotes Cayden Lim to liability underwriter, with Songju Lee and Jayrius Lai elevated to financial lines underwriters.
Newline Asia elevates trio of underwriters in Singapore
Lloyd’s specialty insurer promotes Cayden Lim to liability underwriter, with Songju Lee and Jayrius Lai elevated to financial lines underwriters.
Lloyd’s specialty insurer promotes Cayden Lim to liability underwriter, with Songju Lee and Jayrius Lai elevated to financial lines underwriters.
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Envest-backed Blue Zebra rebrands following merger of SGUA, Allstate, Point Insurance
Rebrand follows the completion of a share sale transaction in February, formally creating one combined entity.
Envest-backed Blue Zebra rebrands following merger of SGUA, Allstate, Point Insurance
Rebrand follows the completion of a share sale transaction in February, formally creating one combined entity.
Rebrand follows the completion of a share sale transaction in February, formally creating one combined entity.
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India approves marine insurance pool with US$1.4bn sovereign backing
Bharat Maritime Insurance Pool will provide H&M, cargo, P&I, and war-risk cover for Indian-flagged or controlled vessels and voyages to or from India.
India approves marine insurance pool with US$1.4bn sovereign backing
Bharat Maritime Insurance Pool will provide H&M, cargo, P&I, and war-risk cover for Indian-flagged or controlled vessels and voyages to or from India.
Bharat Maritime Insurance Pool will provide H&M, cargo, P&I, and war-risk cover for Indian-flagged or controlled vessels and voyages to or from India.
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IRDAI retains 4% obligatory cession for FY27 renewals
Cession to state-owned GIC Re will apply to policies attaching in the current financial year, which ends on March 31, 2027.
IRDAI retains 4% obligatory cession for FY27 renewals
Cession to state-owned GIC Re will apply to policies attaching in the current financial year, which ends on March 31, 2027.
Cession to state-owned GIC Re will apply to policies attaching in the current financial year, which ends on March 31, 2027.
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Full Capacity: Cyber threats zero in on Asia Pacific
This week's newsletter discusses Mark O'Brien's new role at XS Global, Sompo's Australia expansion, India and South Korea's response to Iran conflict, data centres and Taiping's regional strategy.
Full Capacity: Cyber threats zero in on Asia Pacific
This week's newsletter discusses Mark O'Brien's new role at XS Global, Sompo's Australia expansion, India and South Korea's response to Iran conflict, data centres and Taiping's regional strategy.
This week's newsletter discusses Mark O'Brien's new role at XS Global, Sompo's Australia expansion, India and South Korea's response to Iran conflict, data centres and Taiping's regional strategy.
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XS Global, Sompo, Swiss Re, Marsh, Berkley Re: 14 APAC insurance people moves of the week
Rare Earth Insurance, Aon, Specialist Risk Group, Zurich, Coface, Starr, Tokio Marine Management Australasia, Community Broker Network and Agile Insurance Group also made personnel changes over the last week.
XS Global, Sompo, Swiss Re, Marsh, Berkley Re: 14 APAC insurance people moves of the week
Rare Earth Insurance, Aon, Specialist Risk Group, Zurich, Coface, Starr, Tokio Marine Management Australasia, Community Broker Network and Agile Insurance Group also made personnel changes over the last week.
Rare Earth Insurance, Aon, Specialist Risk Group, Zurich, Coface, Starr, Tokio Marine Management Australasia, Community Broker Network and Agile Insurance Group also made personnel changes over the last week.
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Agile promotes Mark Hunt to group CUO in underwriting leadership shake-up
David Hughes succeeds Hunt as active underwriter for Syndicate 2427, while Mike Dalton takes on an additional role as head of underwriting for Australia.
Agile promotes Mark Hunt to group CUO in underwriting leadership shake-up
David Hughes succeeds Hunt as active underwriter for Syndicate 2427, while Mike Dalton takes on an additional role as head of underwriting for Australia.
David Hughes succeeds Hunt as active underwriter for Syndicate 2427, while Mike Dalton takes on an additional role as head of underwriting for Australia.
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Chubb eyes Indian return as 100% FDI reshapes market access: report
American insurer has been absent from India since 2007, when it exited its local joint venture with HDFC.
Chubb eyes Indian return as 100% FDI reshapes market access: report
American insurer has been absent from India since 2007, when it exited its local joint venture with HDFC.
American insurer has been absent from India since 2007, when it exited its local joint venture with HDFC.
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Gallagher Re’s Mark O’Brien joins MGA XS Global Asia Pacific
O'Brien, who had stepped down as APAC head of the reinsurance broker earlier this year, will write treaty reinsurance.
Gallagher Re’s Mark O’Brien joins MGA XS Global Asia Pacific
O'Brien, who had stepped down as APAC head of the reinsurance broker earlier this year, will write treaty reinsurance.
O'Brien, who had stepped down as APAC head of the reinsurance broker earlier this year, will write treaty reinsurance.
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Insurers must pair AI adoption with stronger cyber resilience, Hong Kong’s regulator warns
Insurance Authority's Tony Chan tells IAN's APAC Cyber Risk and Insurance Summit that Hong Kong's regulator is developing a new AI governance framework to bolster cyber resilience amid rising AI-driven threats.
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Cyber risks more than an IT issue for marine insurers, even as Strait of Hormuz rates remain ‘prohibitive’
Cyber risks have evolved from an IT issue into a physical threat for marine insurers, yet remain caught in a coverage gap as Strait of Hormuz rates stay 'prohibitive', Lockton's regional marine heads Sung Wook Han and Derek Shum tell InsuranceAsia News.
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APAC timber insurance market set for sustained growth, with mass timber projects to the fore
APAC's timber and lumber insurance market is set for 7.2% growth to 2030, driven by a US$63bn regional sector and a green building boom – but while insurers are increasing capacity, they are applying tighter guidelines.
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As Blueprint Two heads off into the sunset, what next for Lloyd’s transformation?
After US$600m spent and multiple delays over 30 years - and now a formal 'sunsetting' of its big-bang reform - industry insiders ponder what happens next with the market looking to move forward.
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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‘Essential to diversify’: Taiping Re looks beyond property cat as market softens, doubles down on Hong Kong, health
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‘Bigger than an industrial revolution’: Australian MGA Kaibridge eyes growth with AI-native platform
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‘A huge way to go in Asia’: region still land of opportunity, excitement, TMK Asia chief says
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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
M&A
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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
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JKL Partners to relaunch Lotte Non-life sale: report
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Specialist risk adviser Continuum forms strategic partnership with Hong Kong-based broker Freed Capital
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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A soft market presents organisations with opportunities to strengthen resilience, although the abundance of capacity is unlikely to persist.
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Chubb Malaysia hires Allanz Singapore’s Ariel Llugdar as head of motor claims
Kuala Lumpur-based Llugdar has more than 30 years of insurance experience, including 10 years at Liberty Singapore and almost 20 years at Argentinian insurer La Caja.
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Newline Asia elevates trio of underwriters in Singapore
Lloyd’s specialty insurer promotes Cayden Lim to liability underwriter, with Songju Lee and Jayrius Lai elevated to financial lines underwriters.
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Agile promotes Mark Hunt to group CUO in underwriting leadership shake-up
David Hughes succeeds Hunt as active underwriter for Syndicate 2427, while Mike Dalton takes on an additional role as head of underwriting for Australia.
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Gallagher Re’s Mark O’Brien joins MGA XS Global Asia Pacific
O'Brien, who had stepped down as APAC head of the reinsurance broker earlier this year, will write treaty reinsurance.
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Swiss Re appoints Devpriya Misra as APAC head of credit and surety reinsurance
He has been with Swiss Re since 2009.
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Sompo taps Everest underwriters to drive Australia growth
Arthur Constantinou has been appointed head of energy and construction, Josh Luk head of financial lines, Matt O'Brien head of casualty and Andrew Lester head of property.
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Australia’s Community Broker Network confirms leadership appointments
Firm promotes Elise Pedersen to general manager for subsidiaries and associates and appoints Ewan Thompson as general manager for partners.
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Aon Reinsurance Solutions hands Daniel England extended role as APAC head of casualty treaty
England, who will remain in Japan, retains his role as head of casualty and cyber treaty in Japan.
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Tokio Marine Management Australasia names new Japan business department head
Satoshi Asano replaces Naoto Ishizuka, who is heading back to Tokio Marine Group in Japan after four years in the role.
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Didier Bélot appointed Marsh Risk Asia’s head of industry
Singapore-based Belot was previously at Swiss Re Corporate Solution for 11 years, most recently as head of Southeast Asia between December 2017 and August.
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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.
Essential to diversify in a softer market cycle: Taiping Re’s Sheldon Yu
Sheldon Yu, Taiping Re CEO, talks to InsuranceAsia News about the outlook for the Asia Pacific reinsurance market in 2026.
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.
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