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Hong Kong extends pilot ILS grant scheme to 2028
Financial secretary Paul Chan Mo-po announced various moves for the industry in Wednesday's budget speech also including a three-year extension of the programme to enhance talent training for the insurance sector.
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UK government sanctions Maritime Mutual New Zealand over alleged Russia links
The UK said there were 'reasonable grounds to suspect' MMIA had benefited from or supported the Russian government by operating in a strategic industry.
UK government sanctions Maritime Mutual New Zealand over alleged Russia links
The UK said there were 'reasonable grounds to suspect' MMIA had benefited from or supported the Russian government by operating in a strategic industry.
The UK said there were 'reasonable grounds to suspect' MMIA had benefited from or supported the Russian government by operating in a strategic industry.
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Haris Michaels to lead HDI Global’s Southeast Asia energy business
He will step into the role following Mark Mackay's promotion to global head of energy and power.
Haris Michaels to lead HDI Global’s Southeast Asia energy business
He will step into the role following Mark Mackay's promotion to global head of energy and power.
He will step into the role following Mark Mackay's promotion to global head of energy and power.
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Gallagher Australia confirms Marsh veteran Alex Lumby as CEO
He succeeds Sarah Lyons, who has relocated to the UK as the CEO of the broker’s London-based specialty division.
Gallagher Australia confirms Marsh veteran Alex Lumby as CEO
He succeeds Sarah Lyons, who has relocated to the UK as the CEO of the broker’s London-based specialty division.
He succeeds Sarah Lyons, who has relocated to the UK as the CEO of the broker’s London-based specialty division.
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Allied World promotes Ben Schindler to assistant vice president
He is based in Sydney and has been with Allied World for more than five years.
Allied World promotes Ben Schindler to assistant vice president
He is based in Sydney and has been with Allied World for more than five years.
He is based in Sydney and has been with Allied World for more than five years.
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Zurich Cover‑More boost Asia team with double promotion
Jon Ford named head of Asia, with Tricia Lim appointed head of commercial operations and delivery in the region.
Zurich Cover‑More boost Asia team with double promotion
Jon Ford named head of Asia, with Tricia Lim appointed head of commercial operations and delivery in the region.
Jon Ford named head of Asia, with Tricia Lim appointed head of commercial operations and delivery in the region.
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Marsh appoints ex-Steadfast executive Noelene Palmer as Pacific COO
Sydney-based Palmer left the Australian broker in November after her role was made redundant.
Marsh appoints ex-Steadfast executive Noelene Palmer as Pacific COO
Sydney-based Palmer left the Australian broker in November after her role was made redundant.
Sydney-based Palmer left the Australian broker in November after her role was made redundant.
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Sompo completes US$3.5bn Aspen acquisition
Aspen will transition to trading under the Sompo brand, with executive chairman and group CEO Mark Cloutier acting in an advisory role.
Sompo completes US$3.5bn Aspen acquisition
Aspen will transition to trading under the Sompo brand, with executive chairman and group CEO Mark Cloutier acting in an advisory role.
Aspen will transition to trading under the Sompo brand, with executive chairman and group CEO Mark Cloutier acting in an advisory role.
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Steadfast tops AU$1bn in half-year revenue as profits surge
The group’s EBITA grew 12.6% to US$208m, while fee and commission income rose 17% to US$640m.
Steadfast tops AU$1bn in half-year revenue as profits surge
The group’s EBITA grew 12.6% to US$208m, while fee and commission income rose 17% to US$640m.
The group’s EBITA grew 12.6% to US$208m, while fee and commission income rose 17% to US$640m.
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Jason Hammond appointed CEO of Ansvar Insurance Australia
He replaces Melbourne-based Warren Hutcheon, who will retire after 12 years with the company.
Jason Hammond appointed CEO of Ansvar Insurance Australia
He replaces Melbourne-based Warren Hutcheon, who will retire after 12 years with the company.
He replaces Melbourne-based Warren Hutcheon, who will retire after 12 years with the company.
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Austbrokers Countrywide and Adroit merger to create ‘significant’ opportunity
Proposed merger between the two AUB Group brokers will strengthen the combined group’s presence across Melbourne, regional Victoria, and southeast Queensland.
Austbrokers Countrywide and Adroit merger to create ‘significant’ opportunity
Proposed merger between the two AUB Group brokers will strengthen the combined group’s presence across Melbourne, regional Victoria, and southeast Queensland.
Proposed merger between the two AUB Group brokers will strengthen the combined group’s presence across Melbourne, regional Victoria, and southeast Queensland.
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Marsh weighs sale of broker for high-net-worth individuals in Asia: report
Private Client Services, which operates under the Mercer subsidiary, provides financial risk management and life insurance services to more than 8,000 clients across roughly 50 markets.
Marsh weighs sale of broker for high-net-worth individuals in Asia: report
Private Client Services, which operates under the Mercer subsidiary, provides financial risk management and life insurance services to more than 8,000 clients across roughly 50 markets.
Private Client Services, which operates under the Mercer subsidiary, provides financial risk management and life insurance services to more than 8,000 clients across roughly 50 markets.
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Cyclone Senyar a ‘wake-up call’ for Southeast Asia: Aon
The extraordinary storm caused US$5.4bn dollars of economic losses in Malaysia, Indonesia and Thailand and 1,406 deaths after making landfall twice in November.
Cyclone Senyar a ‘wake-up call’ for Southeast Asia: Aon
The extraordinary storm caused US$5.4bn dollars of economic losses in Malaysia, Indonesia and Thailand and 1,406 deaths after making landfall twice in November.
The extraordinary storm caused US$5.4bn dollars of economic losses in Malaysia, Indonesia and Thailand and 1,406 deaths after making landfall twice in November.
Popular posts:
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P&I clubs drop anchor on rate increases amid strong retentions
Gard, West P&I, The Swedish Club, NorthStandard, and Skuld reflect on the 2026 protection and indemnity (P&I) renewals season.
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The ultimate safety net: high risk confusion creating piracy cover concerns, CFC’s Alexander Beaton says
Incidents reported on vessels rose from 117 in 2024 to 137 in the 12 months to December, with the Singapore Strait reporting the highest number at 80.
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Asia’s cyber insurance market set for rapid growth after wake-up call, CyberCube says
Recent attacks on the likes of Asahi and Coupang has highlighted the significant protection gap in the region, director of cyber risk consulting Jon Choi tells InsuranceAsia News.
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Forget the noise, geopolitical tensions demand scenarios not predictions
Hoe-Yeong Loke, head of research at UK risk management association Airmic, tells InsuranceAsia News rare earth minerals and tensions around Taiwan are likely to remain pressing issues for Asia and the global supply chain.
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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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
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‘Hopeless’: observation-based models fall short as insurers comprehend modern flood risks
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Home, sweet home for Vietnam’s new reinsurer as AlphaRe eyes efficiency over top line
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Bridging Asia’s protection gap key focus for Verisk, but data issue remains
M&A
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Sompo completes US$3.5bn Aspen acquisition
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Marsh weighs sale of broker for high-net-worth individuals in Asia: report
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Sompo receives regulatory approvals for US$3.5bn Aspen acquisition
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Ardonagh-backed Cornerstone Risk acquires Australia’s Umbrella Insurance Services
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Ardonagh takes majority stake in Hong Kong’s Risk Management Insurance Brokerage
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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Vastly improving turnaround times and personalising service delivery, QBE Asia’s award-winning, end-to-end bundled claims solutions is a game-changer for the insurance industry.
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Haris Michaels to lead HDI Global’s Southeast Asia energy business
He will step into the role following Mark Mackay's promotion to global head of energy and power.
-
Gallagher Australia confirms Marsh veteran Alex Lumby as CEO
He succeeds Sarah Lyons, who has relocated to the UK as the CEO of the broker’s London-based specialty division.
-
Allied World promotes Ben Schindler to assistant vice president
He is based in Sydney and has been with Allied World for more than five years.
-
Zurich Cover‑More boost Asia team with double promotion
Jon Ford named head of Asia, with Tricia Lim appointed head of commercial operations and delivery in the region.
-
Marsh appoints ex-Steadfast executive Noelene Palmer as Pacific COO
Sydney-based Palmer left the Australian broker in November after her role was made redundant.
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Jason Hammond appointed CEO of Ansvar Insurance Australia
He replaces Melbourne-based Warren Hutcheon, who will retire after 12 years with the company.
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Mandeep Borah rejoins Aon as executive vice president for transaction risk solutions in India
Mumbai-based Borah has nearly two decades of experience in M&A roles and was vice president of M&A in his first stint at Aon.
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Cheryl Yi Min Poon joins Howden’s multinational client practice in Singapore
She joins Howden after over a decade at Marsh in Hong Kong.
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Isaac Fuente joins Lockton as head of Asia aviation
He has left Howden after almost four years in Singapore and London.
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Howden appoints Nobuyuki Akahane to lead new Japanese construction initiative
He will be based in London and support an expanded focus on Japanese‑led construction and infrastructure projects across global markets.
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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.
Cyber insurance has a long way to go to reach next level, says WTW’s Carlos Grijalva, amid soaring demand in Asia
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.
Building resilience, mitigating risk in APAC’s commercial property insurance market
Martin Au-Yeung, vice president and division underwriting manager at FM, talks to InsuranceAsia News.
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