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China targets global cedents with Shanghai reinsurance hub
The international board, launched on June 8, rolls out incentives for international (re)insurers to tap the country's capital.
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Guy Carpenter eyes growing APAC MGA sector with Steve Warwick
The broker's APAC CEO Tony Gallagher says the regional program market has seen tremendous growth in recent years.
The broker's APAC CEO Tony Gallagher says the regional program market has seen tremendous growth in recent years.
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Tokio Marine Indonesia’s 2022 COR at 84%: AM Best
The credit rating agency has affirmed an A- (excellent) rating with a stable outlook for the Indonesian carrier.
The credit rating agency has affirmed an A- (excellent) rating with a stable outlook for the Indonesian carrier.
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Hyundai Marine to benefit from transition to IFRS 17: AM Best
The carrier was facing 'considerable pressure' on its capital position in FY 2022 due to valuation losses, which can now be reduced.
The carrier was facing 'considerable pressure' on its capital position in FY 2022 due to valuation losses, which can now be reduced.
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BHSI promotes Dimitry Zilberud to head of marine – retail, Australasia and US
Zilberud was most recently Berkshire Hathaway Specialty Insurance's head of marine, Australasia.
Zilberud was most recently Berkshire Hathaway Specialty Insurance's head of marine, Australasia.
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Beazley, Markel and Newline launch Asia D&O pool
The Lloyd's pool will have US$30m capacity per risk and a single contact for claim management.
The Lloyd's pool will have US$30m capacity per risk and a single contact for claim management.
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Gallagher Australia recruits Richard Malton to bolster mining capabilities
Brisbane-based Malton joins from Marsh and is a mining sector specialist.
Brisbane-based Malton joins from Marsh and is a mining sector specialist.
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GIC Re set to appoint Ramaswamy Narayanan as chairman
The government will also appoint United India Insurance general manager Rajeswari Singh as chairman and managing director of National Insurance.
The government will also appoint United India Insurance general manager Rajeswari Singh as chairman and managing director of National Insurance.
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Sri Lankan insurers’ profits to be hit by inflation, currency devaluation: Fitch
Underwriting profit for P&C insurers to be squeezed by rising motor spare-part costs, while sparse foreign-currency liquidity is hampering firms.
Underwriting profit for P&C insurers to be squeezed by rising motor spare-part costs, while sparse foreign-currency liquidity is hampering firms.
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Dual targets cyber growth in Australia and New Zealand with Marsh hire
Melbourne-based Samuel Rogers becomes the MGA's first head of cyber for the countries and reports to Damien Coates, Asia Pacific CEO.
Melbourne-based Samuel Rogers becomes the MGA's first head of cyber for the countries and reports to Damien Coates, Asia Pacific CEO.
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QBE joins New Zealand EQC to expand cat insurance programme
The carrier will be the ninth insurer to partner with the earthquake commission when it starts on July 3.
The carrier will be the ninth insurer to partner with the earthquake commission when it starts on July 3.
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Looming El Niño raises risk of secondary perils across APAC
Carriers look to innovate as countries across the region fear dry conditions, drought, forest fires and flash floods with (re)insurers on high alert.
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Asian carriers on the hook from ‘hundreds of millions’ of Guam typhoon claims
Tokio Marine, MS&AD, DB and Chung Kuo among hit as Typhoon Mawar caused extensive property damage, but high deductibles could help keep losses down.
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Despite the buzz, Korean insurance M&A slow to take off
A consolidated market, low valuations and lack of sizeable targets make dealmaking hard in the north Asian country.
Spotlight
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Financial lines remain key to BMS Asia growth plans
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Swiss Re CorSo sees growth in APAC through ‘bespoke offerings’
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Axa XL looks to tap into Asia corporate mindset shift
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PI specialist ITIC targets Hong Kong and Singapore for regional expansion
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JB Boda eyeing parametrics, ILS to strengthen India’s nat cat capabilities
M&A
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Tokio Marine Indonesia’s 2022 COR at 84%: AM Best
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Target Insurance to raise US$680m through its UAE arm Himalayas Insurance
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Despite the buzz, Korean insurance M&A slow to take off
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China’s SDIC to sell its 20% stake in Jintai Insurance: report
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Axa Korea in sale talks with Kyobo Life, Kakao Insurance: report
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Climate reporting as a mere checkbox exercise may not yield meaningful information if companies fail to manage their risks.
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Reforms and accounting changes in the region are forcing life insurers to optimise their capital position and improve shareholder returns.
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Asia’s insurance market needs to embrace digital and data capabilities to improve client satisfaction.
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Innovation and expertise are key to (re)insuring the country’s ambitious transition-to-renewables story.
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The region's art scene has come roaring back after the pandemic.
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Guy Carpenter eyes growing APAC MGA sector with Steve Warwick
The broker's APAC CEO Tony Gallagher says the regional program market has seen tremendous growth in recent years.
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BHSI promotes Dimitry Zilberud to head of marine – retail, Australasia and US
Zilberud was most recently Berkshire Hathaway Specialty Insurance's head of marine, Australasia.
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Gallagher Australia recruits Richard Malton to bolster mining capabilities
Brisbane-based Malton joins from Marsh and is a mining sector specialist.
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GIC Re set to appoint Ramaswamy Narayanan as chairman
The government will also appoint United India Insurance general manager Rajeswari Singh as chairman and managing director of National Insurance.
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Dual targets cyber growth in Australia and New Zealand with Marsh hire
Melbourne-based Samuel Rogers becomes the MGA's first head of cyber for the countries and reports to Damien Coates, Asia Pacific CEO.
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Neil Dempsey joins 360 Underwriting Australia as head of property, mid market
Sydney-based Dempsey joins from a rival MGA and will work with Jonathan Moss, executive director, mid-market property.
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Guy Carpenter hires ex-Scor CEO to head EMEA, India and global capital solutions
London-based Laurent Rousseau will report to the reinsurance broker's president and CEO Dean Klisura.
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Axa rejigs leadership team, Gordon Watson becomes Asia non-exec chairman
With the reshuffle, Japan and Greater China will report to George Stansfield, group deputy CEO, while South-East Asia and India will be overseen by Hassan El-Shabrawish, CEO of international markets.
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Jerald Leung joins The Hartford as financial lines senior underwriter
Hong Kong-based Leung joins specialty arm Navigators from Starr Insurance, and will report to Ethan Tay, APAC head of financial lines.
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Arch Insurance appoints Lucy Wood as northern region manager for A&H
Sydney-based Wood will manage the portfolio and the underwriting team for the region, including New South Wales, the Australian Capital Territory and Queensland.
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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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Cautious Asian business leaders worry about business risks and aspire to greater resilience
Lucien Mounier, Head of Asia Pacific, Beazley
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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.
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APAC nat cat damage 43% below average for H1
Flooding in Australia/China and an earthquake in Japan accounted for nearly half of these losses.
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Asian cat losses up 145% since 2017
Models show that (re)insurers should expect even higher losses as exposures rise, according to data provider Verisk.
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Asia marine premium growth offset by higher claims
Vessel activity returns to pre-Covid levels, rates flatten and inflation pushes up cost of repairs.
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Asia P&C claims continue to outpace price rises
Competition and lack of affordability mean insurers may pass just 80% of claims' inflation to clients, says Fitch.
Emerging trends in a post-pandemic world
Andy Tsui, Allied World
Regulatory challenges and opportunities for insurers in 2023
Erik Bleekrode, KPMG
Making actuarial outsourcing work
Shamit Gupta, MillimanIndustry 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.
Why are take-up rates for environmental impairment liability insurance low in Asia?
Jui Lien Chung, AXA XL