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Canopius’ APAC premiums climb 22% to US$461m, COR drops to 81.2%
Samsung-backed Lloyd's carrier hails strong engineering and Australian casualty lines growth.
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Aon appoints ex-APAC CEO Anne Corona to lead North America
Corona succeeds Lori Goltermann, who will take over as vice chair of Aon.
Aon appoints ex-APAC CEO Anne Corona to lead North America
Corona succeeds Lori Goltermann, who will take over as vice chair of Aon.
Corona succeeds Lori Goltermann, who will take over as vice chair of Aon.
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Coface taps AIG’s Priscilla Ng as commercial director for Singapore
Ng will report to Grishma Kewada, Coface’s chief executive and country manager for Singapore.
Coface taps AIG’s Priscilla Ng as commercial director for Singapore
Ng will report to Grishma Kewada, Coface’s chief executive and country manager for Singapore.
Ng will report to Grishma Kewada, Coface’s chief executive and country manager for Singapore.
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Gallagher Australia appoints Marsh’s Johannes-Daniel Veldsman as chief commercial officer
Sydney-based Veldsman will have national responsibility for the majority of the broker's specialism teams, according to a company note seen by InsuranceAsia News.
Gallagher Australia appoints Marsh’s Johannes-Daniel Veldsman as chief commercial officer
Sydney-based Veldsman will have national responsibility for the majority of the broker's specialism teams, according to a company note seen by InsuranceAsia News.
Sydney-based Veldsman will have national responsibility for the majority of the broker's specialism teams, according to a company note seen by InsuranceAsia News.
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Willis’ Kelsie Makepeace takes up new role in Dubai
Makepeace has relocated from Hong Kong as placement strategy execution leader, DIFC, which covers the CEEMEA region.
Willis’ Kelsie Makepeace takes up new role in Dubai
Makepeace has relocated from Hong Kong as placement strategy execution leader, DIFC, which covers the CEEMEA region.
Makepeace has relocated from Hong Kong as placement strategy execution leader, DIFC, which covers the CEEMEA region.
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IRDAI clears Allianz Jio Re, Kiwi General to begin operations
The regulator granted certificates of registration to the two startups on Monday.
IRDAI clears Allianz Jio Re, Kiwi General to begin operations
The regulator granted certificates of registration to the two startups on Monday.
The regulator granted certificates of registration to the two startups on Monday.
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Lotte Non-Life faces capital plan review as JKL accelerates sale
Financial Services Commission directs South Korean carrier to submit a new capital improvement plan within two months, having rejected an earlier proposal.
Lotte Non-Life faces capital plan review as JKL accelerates sale
Financial Services Commission directs South Korean carrier to submit a new capital improvement plan within two months, having rejected an earlier proposal.
Financial Services Commission directs South Korean carrier to submit a new capital improvement plan within two months, having rejected an earlier proposal.
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Lockton taps Aon veteran Livy Dai as China CEO
He is based in Shanghai and will oversee Lockton's growth in mainland China.
Lockton taps Aon veteran Livy Dai as China CEO
He is based in Shanghai and will oversee Lockton's growth in mainland China.
He is based in Shanghai and will oversee Lockton's growth in mainland China.
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Stephen Ward to lead Steadfast’s newly formed Miramar Group
Steadfast has brought together seven MGAs under one entity led by CEO Ward.
Stephen Ward to lead Steadfast’s newly formed Miramar Group
Steadfast has brought together seven MGAs under one entity led by CEO Ward.
Steadfast has brought together seven MGAs under one entity led by CEO Ward.
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Generali appoints Sun Lei as Asia deputy regional officer
Hong Kong-based Sun joins the Italian insurance group after more than 21 years at Allianz in Europe and Asia.
Generali appoints Sun Lei as Asia deputy regional officer
Hong Kong-based Sun joins the Italian insurance group after more than 21 years at Allianz in Europe and Asia.
Hong Kong-based Sun joins the Italian insurance group after more than 21 years at Allianz in Europe and Asia.
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US DFC unveils US$20bn maritime reinsurance facility for Gulf trade
US International Development Finance Corporation, along with American insurers, will offer revolving cover with a focus on hull and machinery and cargo to start.
US DFC unveils US$20bn maritime reinsurance facility for Gulf trade
US International Development Finance Corporation, along with American insurers, will offer revolving cover with a focus on hull and machinery and cargo to start.
US International Development Finance Corporation, along with American insurers, will offer revolving cover with a focus on hull and machinery and cargo to start.
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Fitch downgrades Marein Re on weakened capital position, financial strain
Indonesian reinsurer's capital ratio sank to 163% and combined ratio climbed to 102% in 2025 on reserve top-ups.
Fitch downgrades Marein Re on weakened capital position, financial strain
Indonesian reinsurer's capital ratio sank to 163% and combined ratio climbed to 102% in 2025 on reserve top-ups.
Indonesian reinsurer's capital ratio sank to 163% and combined ratio climbed to 102% in 2025 on reserve top-ups.
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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.
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.
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.
Popular posts:
- ‘It’s your battle. It’s your career’: regional leaders ponder incomplete progress as International Women’s Day shines light on equality, diversity
- Stephen Ward to lead Steadfast’s newly formed Miramar Group
- QBE hires Zurich’s Chai Guan Lim as head of distribution in Malaysia
- BHSI, Howden, Lockton, Starr, Marsh: 16 APAC insurance people moves of the week
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P&I renewals on an even keel as lower claims, higher returns soften stance
Despite early fears of hardening conditions following a surge in pool claims, the 2026-27 renewals closed on a notably pragmatic tone prior to the outbreak of the war in Iran.
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‘It’s your battle. It’s your career’: regional leaders ponder incomplete progress as International Women’s Day shines light on equality, diversity
Zurich's Tulsi Naidu, Axa XL's Sylvie Gleise, WTW's Chiaki Tanaka, Coface's Grishma Kewada, Asia Insurance's Winnie Wong, and Howden's Shweta Swaroop spoke to InsuranceAsia News to mark International Women's Day.
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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.
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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IRDAI clears Allianz Jio Re, Kiwi General to begin operations
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Ardonagh-backed Cornerstone Risk acquires Australia’s Cav Insure
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Jio Financial pumps US$16m into Allianz Jio Reinsurance
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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
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 ex-APAC CEO Anne Corona to lead North America
Corona succeeds Lori Goltermann, who will take over as vice chair of Aon.
-
Coface taps AIG’s Priscilla Ng as commercial director for Singapore
Ng will report to Grishma Kewada, Coface’s chief executive and country manager for Singapore.
-
Gallagher Australia appoints Marsh’s Johannes-Daniel Veldsman as chief commercial officer
Sydney-based Veldsman will have national responsibility for the majority of the broker's specialism teams, according to a company note seen by InsuranceAsia News.
-
Willis’ Kelsie Makepeace takes up new role in Dubai
Makepeace has relocated from Hong Kong as placement strategy execution leader, DIFC, which covers the CEEMEA region.
-
Lockton taps Aon veteran Livy Dai as China CEO
He is based in Shanghai and will oversee Lockton's growth in mainland China.
-
Stephen Ward to lead Steadfast’s newly formed Miramar Group
Steadfast has brought together seven MGAs under one entity led by CEO Ward.
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Generali appoints Sun Lei as Asia deputy regional officer
Hong Kong-based Sun joins the Italian insurance group after more than 21 years at Allianz in Europe and Asia.
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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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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