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Hannover Re grew premium by 18.8% during 1.4 renewals
German reinsurer reaffirmed its 2026 financial targets following a strong first quarter.
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Tokio Marine Newa’s capitalisation to strengthen on profit retention, shareholder injections: AM Best
The rating agency assigned an A (Excellent) financial strength rating with a stable outlook to the Taiwanese carrier.
Tokio Marine Newa’s capitalisation to strengthen on profit retention, shareholder injections: AM Best
The rating agency assigned an A (Excellent) financial strength rating with a stable outlook to the Taiwanese carrier.
The rating agency assigned an A (Excellent) financial strength rating with a stable outlook to the Taiwanese carrier.
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RiskPoint appoints Allen Ng as tax underwriter in Singapore
He brings has over 20 years of experience advising throughout APAC and emerging markets.
RiskPoint appoints Allen Ng as tax underwriter in Singapore
He brings has over 20 years of experience advising throughout APAC and emerging markets.
He brings has over 20 years of experience advising throughout APAC and emerging markets.
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vrs Adjusters takes next step in international growth with Malaysia tie-up
vrs Century partnership with Century Independent Loss Adjusters will strengthen the global loss adjuster's presence in Southeast Asia and internationally.
vrs Adjusters takes next step in international growth with Malaysia tie-up
vrs Century partnership with Century Independent Loss Adjusters will strengthen the global loss adjuster's presence in Southeast Asia and internationally.
vrs Century partnership with Century Independent Loss Adjusters will strengthen the global loss adjuster's presence in Southeast Asia and internationally.
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New Zealand’s Natural Hazard Commission receives almost 200 claims following April storms
Commission says 66% of claims were related to landslide damage, with 34% related to storm and flood damage.
New Zealand’s Natural Hazard Commission receives almost 200 claims following April storms
Commission says 66% of claims were related to landslide damage, with 34% related to storm and flood damage.
Commission says 66% of claims were related to landslide damage, with 34% related to storm and flood damage.
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Sompo confirms Kelvin Woo as chief distribution officer for Hong Kong, Macau and Taiwan
His appointment was first reported by InsuranceAsia News last month.
Sompo confirms Kelvin Woo as chief distribution officer for Hong Kong, Macau and Taiwan
His appointment was first reported by InsuranceAsia News last month.
His appointment was first reported by InsuranceAsia News last month.
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‘Expectation vs. experience is the opportunity’: Vietnam’s TCGIns doubles down on AI, health, SME insurance
Economic boom is fuelling demand for specialty lines, such as engineering, energy, infrastructure and cyber too, chairman Pranav Seth tells InsuranceAsia News.
‘Expectation vs. experience is the opportunity’: Vietnam’s TCGIns doubles down on AI, health, SME insurance
Economic boom is fuelling demand for specialty lines, such as engineering, energy, infrastructure and cyber too, chairman Pranav Seth tells InsuranceAsia News.
Economic boom is fuelling demand for specialty lines, such as engineering, energy, infrastructure and cyber too, chairman Pranav Seth tells InsuranceAsia News.
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Logistics giant DP World launches cargo war risk coverage for Middle East trade
End-to-end solution, backed by A-rated insurers, offers protection at a 'significantly more competitive' pricing than standard war risk premiums, the company said.
Logistics giant DP World launches cargo war risk coverage for Middle East trade
End-to-end solution, backed by A-rated insurers, offers protection at a 'significantly more competitive' pricing than standard war risk premiums, the company said.
End-to-end solution, backed by A-rated insurers, offers protection at a 'significantly more competitive' pricing than standard war risk premiums, the company said.
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MSIG Australia hires Doron Grossman as claims manager for partner distribution
Sydney-based Grossman brings over 40 years of insurance experience, including almost 18 years at QBE.
MSIG Australia hires Doron Grossman as claims manager for partner distribution
Sydney-based Grossman brings over 40 years of insurance experience, including almost 18 years at QBE.
Sydney-based Grossman brings over 40 years of insurance experience, including almost 18 years at QBE.
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Full Capacity: Cyber’s promise facing a confidence gap?
This week's newsletter also discusses an M&A update, Swiss Re's treaty volume, the global reinsurance market's growth and Asia insurance market softening.
Full Capacity: Cyber’s promise facing a confidence gap?
This week's newsletter also discusses an M&A update, Swiss Re's treaty volume, the global reinsurance market's growth and Asia insurance market softening.
This week's newsletter also discusses an M&A update, Swiss Re's treaty volume, the global reinsurance market's growth and Asia insurance market softening.
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Willis Re, Lockton, Sedgwick, Deutsche Rück, AIG: 15 APAC insurance people moves of the week
Zurich, Munich Re, Aon, MS Amlin, Howden, Oneglobal Broking, Swiss Re CorSo, Gallagher Re, Suncorp, Axa XL and Sompo also made personnel changes over the last week.
Willis Re, Lockton, Sedgwick, Deutsche Rück, AIG: 15 APAC insurance people moves of the week
Zurich, Munich Re, Aon, MS Amlin, Howden, Oneglobal Broking, Swiss Re CorSo, Gallagher Re, Suncorp, Axa XL and Sompo also made personnel changes over the last week.
Zurich, Munich Re, Aon, MS Amlin, Howden, Oneglobal Broking, Swiss Re CorSo, Gallagher Re, Suncorp, Axa XL and Sompo also made personnel changes over the last week.
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Aviso expands Western Australia business with Wray Insurance Services acquisition
Wray Insurance Services provides brokerage services for a broad range of industries including civil and construction, engineering, mining and surveying, and agriculture and forestry.
Aviso expands Western Australia business with Wray Insurance Services acquisition
Wray Insurance Services provides brokerage services for a broad range of industries including civil and construction, engineering, mining and surveying, and agriculture and forestry.
Wray Insurance Services provides brokerage services for a broad range of industries including civil and construction, engineering, mining and surveying, and agriculture and forestry.
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Hillhouse reaches deal to acquire Marsh-owned high-net-worth broker in Asia
Mercer Private Client Services, founded in 2003, offers wealth protection and integrated life insurance solutions to private wealth management clients.
Hillhouse reaches deal to acquire Marsh-owned high-net-worth broker in Asia
Mercer Private Client Services, founded in 2003, offers wealth protection and integrated life insurance solutions to private wealth management clients.
Mercer Private Client Services, founded in 2003, offers wealth protection and integrated life insurance solutions to private wealth management clients.
Popular posts:
- Hillhouse reaches deal to acquire Marsh-owned high-net-worth broker in Asia
- AIG elevates Hong Kong duo to casualty lead roles
- Zurich Malaysia names Wayne Leow as country head for commercial insurance
- HDI Global sees ‘substantial’ opportunity for Southeast Asia renewables, charts a new hope for the region’s energy future
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‘Insurance can play a significant role in removing uncertainty’: underwriters seek to unlock 2026 carbon credit market
Demand for carbon offsets is rising — but without insurance, analysts warn many credits may never reach the market.
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‘Catastrophic failure’ risk looms amid warning Shanghai floods could expand 80% by 2100
Study shows China's international financial hub requires layered defences, but also that the risk of a 'catastrophic failure' is real.
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Baltimore bridge loss reserve hits US$2.8bn, topping Costa Concordia; Q2 marine reserving at risk
US State of Maryland settles with MV Dali's owner and operator but not shipbuilder Hyundai, as the bridge collapse loss estimate rises to the largest marine insured loss ever.
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Japan’s space programme stumbles with back‑to‑back failures, but insurers remain grounded
Recent failures of Japan's Kairos and H3 rockets were reportedly uninsured and are not expected to materially impact space insurer profitability, although launch delays may have minor indirect effects.
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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‘Expectation vs. experience is the opportunity’: Vietnam’s TCGIns doubles down on AI, health, SME insurance
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Tokio Marine GX ‘treading carefully’ on Singapore entry as market softens, chairman says
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Igloo charts next growth phase with international M&A, AI-native overhaul, category expansion
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HDI Global sees ‘substantial’ opportunity for Southeast Asia renewables, charts a new hope for the region’s energy future
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Fundamentals’ driving APAC’s asset-intensive reinsurance growth, with ample runway ahead: Aon
M&A
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vrs Adjusters takes next step in international growth with Malaysia tie-up
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Aviso expands Western Australia business with Wray Insurance Services acquisition
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Hillhouse reaches deal to acquire Marsh-owned high-net-worth broker in Asia
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Australia’s ATC acquires Frontier Global to expand financial lines, London market footprint
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Allianz, Jio sign binding deal for 50:50 India insurance JV
ESG
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Lloyd’s looks for new way to meet diversity challenge after scrapping Dive In festival after 12 years
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Swiss Re faces activist scrutiny for underwriting new LNG terminals, CEO defends ‘very robust’ ESG framework
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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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PartnerRe | Understanding ageing in APAC: why perception, planning and protection don’t always align
Ageing is shaping finances, family dynamics and insurance needs of the caregiving ecosystem, but current product propositions and underwriting frameworks are not keeping pace with protection needs, finds PartnerRe survey.
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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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RiskPoint appoints Allen Ng as tax underwriter in Singapore
He brings has over 20 years of experience advising throughout APAC and emerging markets.
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Sompo confirms Kelvin Woo as chief distribution officer for Hong Kong, Macau and Taiwan
His appointment was first reported by InsuranceAsia News last month.
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MSIG Australia hires Doron Grossman as claims manager for partner distribution
Sydney-based Grossman brings over 40 years of insurance experience, including almost 18 years at QBE.
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MS Amlin appoints duo to senior Singapore claims roles
Joyceline Tay and Hung Wei Ng join the specialty (re)insurer as senior claims analysts.
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Howden Philippines hires Cyndi Villamor as chief client officer for corporate risk services
She returns to broking after over a decade at AIG.
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Kamran Shah joins Axa XL in Australia as senior cyber risk consultant
Hisprevious work includes manging cyber security operations for the 2022 Fifa World Cup in Qatar.
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Beatrice Morley to lead Sompo London reinsurance operation
Morley was formerly with Aspen for more than 15 years in London and Singapore before the (re)insurer was acquired by Sompo in February.
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Deutsche Rück unites Asia, Middle East and Latin America units into new division led by Tarik Aouad
Aouad will oversee portfolio management of the new international growth markets division with a focus on growth and cross-regional development.
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AIG hires Ivy Thoo as senior casualty underwriter
Singapore-based Thoo joins following five years in business development managerial roles at Allianz.
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AIG moves Igor Chichkan to Singapore as APAC financial lines underwriting manager
He relocates from the insurer's Dubai office, where he was head of financial lines for the UAE.
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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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Insurance seen as ‘genuine tipping point’ for Asia’s first major carbon capture, storage hubs
Consortium identifies India, Indonesia, Malaysia, and Australia as potential storage sites across the Asia Pacific, but insurers warn projects may not secure financing without long-term risk cover.
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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.
Overseeing energy transition in APAC: Tokio Marine GX’s Fraser McLachlan
Fraser McLachlan, Tokio Marine GX chairman, talks to InsuranceAsia News about overseeing energy transition in APAC.
Growth opportunity for renewables across the region substantial: HDI Global’s Haris Michaels
Haris Michaels, head of energy and power at HDI Global Singapore, talks to InsuranceAsia News about the evolution of Southeast Asia's energy insurance 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