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West P&I confirms MV Ocean Winner coverage, while H&M claim could top US$25m
Panama-flagged cargo vessel went off the tracking systems and lost communication about 290 nautical miles off India's coast on Friday.
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Structural reforms key driver of Japanese reinsurance market softening: AM Best
Japan's insurers are better positioned to weather reinsurance market cycles following diversification and improved underwriting discipline, according to AM Best.
Structural reforms key driver of Japanese reinsurance market softening: AM Best
Japan's insurers are better positioned to weather reinsurance market cycles following diversification and improved underwriting discipline, according to AM Best.
Japan's insurers are better positioned to weather reinsurance market cycles following diversification and improved underwriting discipline, according to AM Best.
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Sompo appoints Winnie Chau as senior financial lines underwriter for Hong Kong, Macau, Taiwan
Hong Kong-based Chau brings over 14 years of underwriting experience in financial lines, including cyber and professional indemnity.
Sompo appoints Winnie Chau as senior financial lines underwriter for Hong Kong, Macau, Taiwan
Hong Kong-based Chau brings over 14 years of underwriting experience in financial lines, including cyber and professional indemnity.
Hong Kong-based Chau brings over 14 years of underwriting experience in financial lines, including cyber and professional indemnity.
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‘Buyer friendly’ reinsurance market to endure in APAC despite super El Nino: AM Best
Cedents in APAC have used the softening reinsurance market during recent renewals to enhance their protections and support their growth, according to AM Best.
‘Buyer friendly’ reinsurance market to endure in APAC despite super El Nino: AM Best
Cedents in APAC have used the softening reinsurance market during recent renewals to enhance their protections and support their growth, according to AM Best.
Cedents in APAC have used the softening reinsurance market during recent renewals to enhance their protections and support their growth, according to AM Best.
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Vietnam’s Asia Commercial Bank receives licence for new non-life insurance arm
ACB Insurance is licensed to operate for 99 years and provide non-life and health products.
Vietnam’s Asia Commercial Bank receives licence for new non-life insurance arm
ACB Insurance is licensed to operate for 99 years and provide non-life and health products.
ACB Insurance is licensed to operate for 99 years and provide non-life and health products.
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Tonga receives additional parametric drought payouts from PCRIC
Pacific Catastrophe Risk Insurance Company (PCRIC) makes a short-term preparedness payout for the island of 'Eua, as well as a rapid response payout for Tongatapu.
Tonga receives additional parametric drought payouts from PCRIC
Pacific Catastrophe Risk Insurance Company (PCRIC) makes a short-term preparedness payout for the island of 'Eua, as well as a rapid response payout for Tongatapu.
Pacific Catastrophe Risk Insurance Company (PCRIC) makes a short-term preparedness payout for the island of 'Eua, as well as a rapid response payout for Tongatapu.
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Strong Kanto earthquake sparks week-long warnings in Japan
The 5.9-magnitude earthquake struck eastern Japan, including the greater Tokyo area on Sunday morning.
Strong Kanto earthquake sparks week-long warnings in Japan
The 5.9-magnitude earthquake struck eastern Japan, including the greater Tokyo area on Sunday morning.
The 5.9-magnitude earthquake struck eastern Japan, including the greater Tokyo area on Sunday morning.
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ILS investment manager Fermat Capital Management expands in APAC with new Singapore hire
Nicholas Tan joins from UK asset manager Aberdeen Group.
ILS investment manager Fermat Capital Management expands in APAC with new Singapore hire
Nicholas Tan joins from UK asset manager Aberdeen Group.
Nicholas Tan joins from UK asset manager Aberdeen Group.
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Aon shifts Harrison Willing to Asia natural resources team
He has moved from Canada to Singapore to take up his new role.
Aon shifts Harrison Willing to Asia natural resources team
He has moved from Canada to Singapore to take up his new role.
He has moved from Canada to Singapore to take up his new role.
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Full Capacity: No end in sight for Middle East shipping woes
This week's newsletter also discusses IAN exclusives, the Steadfast deal, nat cat updates, Japan's reinsurance for crude oil and M&A updates.
Full Capacity: No end in sight for Middle East shipping woes
This week's newsletter also discusses IAN exclusives, the Steadfast deal, nat cat updates, Japan's reinsurance for crude oil and M&A updates.
This week's newsletter also discusses IAN exclusives, the Steadfast deal, nat cat updates, Japan's reinsurance for crude oil and M&A updates.
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Amwins, KKR, Dragoneer sign binding agreement to acquire Steadfast in US$5.5bn deal
Implementation scheme is targeted for December, after which Amwins Australasia will acquire Steadfast’s underwriting agency business segment.
Amwins, KKR, Dragoneer sign binding agreement to acquire Steadfast in US$5.5bn deal
Implementation scheme is targeted for December, after which Amwins Australasia will acquire Steadfast’s underwriting agency business segment.
Implementation scheme is targeted for December, after which Amwins Australasia will acquire Steadfast’s underwriting agency business segment.
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Aon, Zurich, Marsh, AIG, Allianz Trade: 18 APAC insurance people moves of the week
Nat Re, Oneglobal Broking, Pen Underwriting, Crawford, Berkley Re, Generali Central Insurance, Protec General Insurance, Niyam Group, Gallagher, Cowbell, QBE, HDI Global, Axa XL and Key Insurance Partners also made personnel changes over the last week.
Aon, Zurich, Marsh, AIG, Allianz Trade: 18 APAC insurance people moves of the week
Nat Re, Oneglobal Broking, Pen Underwriting, Crawford, Berkley Re, Generali Central Insurance, Protec General Insurance, Niyam Group, Gallagher, Cowbell, QBE, HDI Global, Axa XL and Key Insurance Partners also made personnel changes over the last week.
Nat Re, Oneglobal Broking, Pen Underwriting, Crawford, Berkley Re, Generali Central Insurance, Protec General Insurance, Niyam Group, Gallagher, Cowbell, QBE, HDI Global, Axa XL and Key Insurance Partners also made personnel changes over the last week.
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Exclusive: Zurich’s Hong Kong financial lines head David Chiu set to leave
He is believed to be heading for QBE Insurance, which has been without a financial lines leader in Hong Kong following Canon Liu's departure for Sompo in July.
Exclusive: Zurich’s Hong Kong financial lines head David Chiu set to leave
He is believed to be heading for QBE Insurance, which has been without a financial lines leader in Hong Kong following Canon Liu's departure for Sompo in July.
He is believed to be heading for QBE Insurance, which has been without a financial lines leader in Hong Kong following Canon Liu's departure for Sompo in July.
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Typhoon Dolphin’s ‘salty’ cargo disruption bill only going one way as North Asian port congestion bites
With over 2.4m TEU of capacity stranded across Shanghai and Ningbo after three storms in five weeks, Otonomi CEO Yann Barbarroux says the compounding congestion is reshaping the risk calculus for cargo owners just as peak season approaches.
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From Flores to Chiba, Asia’s nat cat spree exposes protection gap with insurers set to escape major losses
Indonesia, Japan, South Korea and China have been hit with earthquakes, downpours, floods and typhoons over the last week, with loss adjusters telling InsuranceAsia News that the human toll is severe but insured losses remain surprisingly contained due to low coverage in affected areas.
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‘Intense time ahead’ as reinsurers abandon multi-year tech projects amid sea of fast changing AI
Reinsurers are abandoning multi-year technology transformation projects in favour of rapid, app-based AI solutions, driven by boardroom pressure and the fear of falling behind peers.
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Vietnam’s new construction insurance rule shifts market from box-ticking to essential risk management
Insurers must shift their focus beyond pricing for sustainable growth in one of Southeast Asia’s most active construction markets, sources tell InsuranceAsia News.
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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Supply outstripping demand, but El Nino, Middle East headwinds could shift market: Guy Carpenter’s Tony Gallagher
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BP Marsh homes in on ‘tremendous opportunities’ in APAC insurance distribution niche
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AI rollout, war impacts to drive specialty innovation in greater China: Markel’s Chelsea Jiang
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Hong Kong’s first virtual insurer eyes Malaysia-led Southeast Asia push after hitting ‘critical’ US$100m revenue milestone
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‘Forerunners in the unforeseeable’: Knightcorp challenges the status quo in Australia’s consolidated insurance market
M&A
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Amwins, KKR, Dragoneer sign binding agreement to acquire Steadfast in US$5.5bn deal
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Oona targets Southeast Asia acquisitions, sets sight on Thailand, Vietnam
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Willis Re to acquire BMS Re’s US subsidiaries
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Vietnam’s sovereign wealth fund to maintain Bao Minh Insurance, VinaRe stakes as part of restructuring plan
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Amwins, Dragoneer, KKR enter ‘final stages’ of US$5.4bn Steadfast takeover
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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Asia's subsea industry is expanding and evolving rapidly, with the growing use of technology across the region changing the way risks are be assessed.
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Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models.
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Sompo appoints Winnie Chau as senior financial lines underwriter for Hong Kong, Macau, Taiwan
Hong Kong-based Chau brings over 14 years of underwriting experience in financial lines, including cyber and professional indemnity.
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Aon shifts Harrison Willing to Asia natural resources team
He has moved from Canada to Singapore to take up his new role.
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Exclusive: Zurich’s Hong Kong financial lines head David Chiu set to leave
He is believed to be heading for QBE Insurance, which has been without a financial lines leader in Hong Kong following Canon Liu's departure for Sompo in July.
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Marsh Risk New Zealand names Matthew Riddle as interim president ahead of Toni Ferrier departure
Marsh Pacific had confirmed Ferrier would be stepping down from her roles as Marsh New Zealand CEO and Marsh Risk New Zealand president in a LinkedIn post on Thursday.
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Exclusive: Aon hires Marsh’s Godelieve van Dooren as Southeast Asia CEO
Singapore-based van Dooren succeeds Andrew Minitt, who left Aon earlier this year for The Ardonagh Group.
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AIG taps Lisa Sun to lead mainland China, Hong Kong, Macau in expanded role
John Wu is also promoted to interim responsible person for AIG China.
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Niyam Group names Lovenish Kumar as director of operations
He previously worked at Axa XL for over 10 years, most recently as a reinsurance manager.
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Marsh New Zealand CEO Toni Ferrier to step down
Auckland-based Ferrier, who has held the position alongside the role of president for Marsh Risk New Zealand since January 2024, will leave the roles at the end of August.
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Oneglobal Broking appoints Fabien Goutoulli as Singapore CEO
He joins from French broker Diot-Siaci, where he spent the last 13 years in various senior roles in France and Singapore.
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Allianz Trade promotes Scott Munafo to China CEO
He has been with the trade credit insurer since 2015, and was most recently group head of broker management and partnerships based in Paris.
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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 GWP growth stalls at US$1.2bn in 2025, but underwriting gain soars 24%
Monetary Authority of Singapore filings show premium growth flatlined after a 17% jump the year before, even as it posted stronger underwriting gains and a 10% increase in net profit.
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US$100bn cat bond market ‘in reach’ as 2026 heads for record issuance: Gallagher Re
Strong demand from investors for new perils and for risk from underrepresented regions such as Asia Pacific, according to Jason Bolding, CEO of Gallagher Securities.
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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.
Supply outstripping demand, but headwinds could shift market: Guy Carpenter’s Tony Gallagher
Tony Gallagher, CEO of Asia Pacific at Guy Carpenter, speaks to InsuranceAsia News about the ongoing reinsurance market softening and the forces shaping loss activity and reinsurance buying in the region.
Marine market held its nerve through ‘strange and acute’ Middle East crisis: Markel’s Chelsea Jiang
Chelsea Jiang, managing director greater China at Markel International, discusses the Lloyd’s carrier’s ambitions in the region and how the marine insurance market responded to the crisis in the Strait of Hormuz.
Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services