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Strait of Hormuz tanker collision highlights dark fleet dangers, but not seen as war event
Adalynn and Front Eagle collided on Tuesday in the Strait of Hormuz amid the ongoing tensions between Iran and Israel.
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ACCC launches public review of IAG-RACQ deal, focuses on personal lines
The competition watchdog is conducting market inquiries as part of its standard merger assessment process.
ACCC launches public review of IAG-RACQ deal, focuses on personal lines
The competition watchdog is conducting market inquiries as part of its standard merger assessment process.
The competition watchdog is conducting market inquiries as part of its standard merger assessment process.
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Allianz Trade promotes Helene Payen to Asia Pacific CFO
Payen will relocate from Spain to Singapore, succeeding Benoit Semelin who will become CFO for Northern Europe.
Allianz Trade promotes Helene Payen to Asia Pacific CFO
Payen will relocate from Spain to Singapore, succeeding Benoit Semelin who will become CFO for Northern Europe.
Payen will relocate from Spain to Singapore, succeeding Benoit Semelin who will become CFO for Northern Europe.
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WTW promotes Catherine Tait to New Zealand construction manager
Tait joined WTW in August as technical director for finex in New Zealand, having previously worked for the likes of Marsh, Willis and Aon.
WTW promotes Catherine Tait to New Zealand construction manager
Tait joined WTW in August as technical director for finex in New Zealand, having previously worked for the likes of Marsh, Willis and Aon.
Tait joined WTW in August as technical director for finex in New Zealand, having previously worked for the likes of Marsh, Willis and Aon.
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New Zealand ‘cannot afford’ to continue down current path as climate risks grow: IAG
IAG's 2025 climate change poll showed New Zealanders expect insurers to reflect the growing risk in the premiums of people who are exposed to natural hazards.
New Zealand ‘cannot afford’ to continue down current path as climate risks grow: IAG
IAG's 2025 climate change poll showed New Zealanders expect insurers to reflect the growing risk in the premiums of people who are exposed to natural hazards.
IAG's 2025 climate change poll showed New Zealanders expect insurers to reflect the growing risk in the premiums of people who are exposed to natural hazards.
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South Korean insurers’ K-ICS ratio falls below 200% for the first time, standing at 197.9%
The ratio for non-life insurers decreased by 3.4 percentage points to 207.6% at the end of March compared to 3 months earlier, while that of life insurance companies fell 12.7 percentage points to 190.7%.
South Korean insurers’ K-ICS ratio falls below 200% for the first time, standing at 197.9%
The ratio for non-life insurers decreased by 3.4 percentage points to 207.6% at the end of March compared to 3 months earlier, while that of life insurance companies fell 12.7 percentage points to 190.7%.
The ratio for non-life insurers decreased by 3.4 percentage points to 207.6% at the end of March compared to 3 months earlier, while that of life insurance companies fell 12.7 percentage points to 190.7%.
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Ex-Tropical Cyclone Alfred claims top 68,000, ARPC says, losses estimated at US$941m
Majority of claims received are for food spoilage and property damage due to severe winds, fallen trees, or water ingress in homes.
Ex-Tropical Cyclone Alfred claims top 68,000, ARPC says, losses estimated at US$941m
Majority of claims received are for food spoilage and property damage due to severe winds, fallen trees, or water ingress in homes.
Majority of claims received are for food spoilage and property damage due to severe winds, fallen trees, or water ingress in homes.
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Australia MGA Agile names Liz Geden as New Zealand head
Auckland-based Geden had joined from Delta Insurance in March.
Australia MGA Agile names Liz Geden as New Zealand head
Auckland-based Geden had joined from Delta Insurance in March.
Auckland-based Geden had joined from Delta Insurance in March.
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Exclusive: Zurich names Koji Okumura as senior property underwriter in Japan
Okumura earlier worked at Munich Re as an underwriter for almost 10 years, travelling between Japan and Hong Kong.
Exclusive: Zurich names Koji Okumura as senior property underwriter in Japan
Okumura earlier worked at Munich Re as an underwriter for almost 10 years, travelling between Japan and Hong Kong.
Okumura earlier worked at Munich Re as an underwriter for almost 10 years, travelling between Japan and Hong Kong.
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Exclusive: Marsh Japan hires WTW veteran Hirofumi ‘Luke’ Nakamura amid exodus, talent battle
Tokyo-based Nakamura joins Marsh as a senior vice president along with several other former WTW colleagues.
Exclusive: Marsh Japan hires WTW veteran Hirofumi ‘Luke’ Nakamura amid exodus, talent battle
Tokyo-based Nakamura joins Marsh as a senior vice president along with several other former WTW colleagues.
Tokyo-based Nakamura joins Marsh as a senior vice president along with several other former WTW colleagues.
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Gard appoints André Kroneberg as Asia business unit head amid major global restructuring
P&I club will form five market-facing syndicates, with Bjørnar Andresen and Christen Guddal taking on global responsibilities.
Gard appoints André Kroneberg as Asia business unit head amid major global restructuring
P&I club will form five market-facing syndicates, with Bjørnar Andresen and Christen Guddal taking on global responsibilities.
P&I club will form five market-facing syndicates, with Bjørnar Andresen and Christen Guddal taking on global responsibilities.
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AEI Insurance Broking to acquire AB Phillips, creating US$227m combined GWP within AUB Group
Merger followes recent acquisitions of Austbrokers Canberra and BusInsure and the buildout of the AEI Melbourne operation.
AEI Insurance Broking to acquire AB Phillips, creating US$227m combined GWP within AUB Group
Merger followes recent acquisitions of Austbrokers Canberra and BusInsure and the buildout of the AEI Melbourne operation.
Merger followes recent acquisitions of Austbrokers Canberra and BusInsure and the buildout of the AEI Melbourne operation.
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Taiwan’s non-life insurance premiums surge 10.5% in 2024, driven by motor: AM Best
Non-life insurer’s total DWP rose 10.9% to NT$271bn, while net claims fell 13.8% to NT$100.6bn.
Taiwan’s non-life insurance premiums surge 10.5% in 2024, driven by motor: AM Best
Non-life insurer’s total DWP rose 10.9% to NT$271bn, while net claims fell 13.8% to NT$100.6bn.
Non-life insurer’s total DWP rose 10.9% to NT$271bn, while net claims fell 13.8% to NT$100.6bn.
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‘Surely, prices will go up’: Air India crash to push hull and liability rates, could impact product liability
Brokers and a lawyer tell InsuranceAsia News that last week's fatal crash in Ahmedabad will have a wide-ranging impact on the aviation industry, with total losses set to be as much as US$475m.
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‘Quite orderly’ 1.7 ANZ renewals seeing double-digit rate cuts amid plentiful capacity
Reinsurers, though, have little appetite to reduce first loss retention levels, sources told InsuranceAsia News.
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Asian and financial risks, cyber, silos on the agenda as insurers, risk managers face complex challenges
Geopolitical risks were at the heart of the agenda at the 2025 Airmic Conference in Liverpool, where risk managers from the UK, Ireland, and Europe gathered last week.
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Air India crash: Tata AIG leads program jointly placed by Gallagher and WTW
Boeing 787-8 Dreamliner crashed minutes after take-off from India’s Ahmedabad airport on Thursday afternoon with 242 people on board.
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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Putting Markel on the map: International president Andrew McMellin eyes US$500m APAC premiums written by 2030
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With ‘no natural home’ for emerging risks, Gallagher seeks to offer sanctuary amid new energy transition
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Asia warming to MGAs as regulators, capacity providers embrace niche underwriting: Qubit’s Helen Ye
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Asia firmly in Markel’s sights as it seeks to ‘equip, empower’ amid global leadership shake up
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Munich Re Specialty steps up diversification in Asia with cyber, specie build out
M&A
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ACCC launches public review of IAG-RACQ deal, focuses on personal lines
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AEI Insurance Broking to acquire AB Phillips, creating US$227m combined GWP within AUB Group
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Marsh Japan appoints Shohei Iida as vice president for private equity, M&A services
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Competition regulator greenlights Allianz Australia’s RAAI acquisition
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Samsung Fire & Marine to buy additional 21% stake in Canopius
ESG
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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 strengthens Asia natural resources team with senior hire
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DeepSeek’s breakthrough in artificial intelligence (AI) has gained a considerable amount of investor attention, lifting sentiment towards Chinese assets. We believe China’s innovation ability is not limited to AI.
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Businesses are facing a complex transition to non-carbon energy sources amid a push to achieve net-zero emissions for the marine sector by 2050.
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Allianz Trade promotes Helene Payen to Asia Pacific CFO
Payen will relocate from Spain to Singapore, succeeding Benoit Semelin who will become CFO for Northern Europe.
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WTW promotes Catherine Tait to New Zealand construction manager
Tait joined WTW in August as technical director for finex in New Zealand, having previously worked for the likes of Marsh, Willis and Aon.
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Exclusive: Zurich names Koji Okumura as senior property underwriter in Japan
Okumura earlier worked at Munich Re as an underwriter for almost 10 years, travelling between Japan and Hong Kong.
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Exclusive: Marsh Japan hires WTW veteran Hirofumi ‘Luke’ Nakamura amid exodus, talent battle
Tokyo-based Nakamura joins Marsh as a senior vice president along with several other former WTW colleagues.
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Gard appoints André Kroneberg as Asia business unit head amid major global restructuring
P&I club will form five market-facing syndicates, with Bjørnar Andresen and Christen Guddal taking on global responsibilities.
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Everest’s Himanshu Garg promoted to head of new business initiatives
Garg will retain his role as head of India, according to Asia Pacific CEO Kevin Bogardus.
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Marsh Japan appoints Shohei Iida as vice president for private equity, M&A services
Tokyo-based Iida was previoulsy a financial lines underwriter at Allianz Commercial and AIG.
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Mark Bossio appointed key account manager at Crawford Australia
Melbourne-based Bossio, who joins from Ethos Building and Restoration, previously worked for Zurich and AAMI.
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AIG appoints Philip Kwan as head of personal lines for Hong Kong and Macau
Hong Kong-based Kwan, who was most recently head of sales at Allianz Partners, brings almost 30 years of insurance experience to his new role.
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HDI Global reshuffles APAC engineering team
Haris Michaels will relocate from Sydney to Singapore, with Stevan Bonic taking over as engineering underwriting manager for Australasia.
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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.
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Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
Insurance broker market in Asia
Neelay Patel, Managing Director & Head of Growth, Asia at Aon
Construction market insurance trends in Asia
Vincent Banton, Head of Construction & Infrastructure, Asia at Aon
Managing health portfolios in South-East Asia
Dr Kumud Bordoloi, Head of A&H at Peak ReIndustry 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.
Cybersecurity: ''For insurers, rather than treating certifications as sufficient proof of security, they should demand evidence of ongoing monitoring of their security posture''
Marc Krisjanous, SixBlocks Audit