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Economic losses from Thailand floods could reach up to US$1bn: Aon
While initial insured loss estimates are still unavailable, they are expected to be significantly lower, according to Aon's nat cat report .
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Marsh, Great Eastern, Allianz, SG Re, Markel: 15 APAC insurance people moves of the week
Berajaya Sompo, Aon, Chaucer, Coface, Protec General Insurance, AIG, Arch Insurance, Steamship Mutual, Envest and Frontier Global Underwriting also made personnel changes over the last week.
Marsh, Great Eastern, Allianz, SG Re, Markel: 15 APAC insurance people moves of the week
Berajaya Sompo, Aon, Chaucer, Coface, Protec General Insurance, AIG, Arch Insurance, Steamship Mutual, Envest and Frontier Global Underwriting also made personnel changes over the last week.
Berajaya Sompo, Aon, Chaucer, Coface, Protec General Insurance, AIG, Arch Insurance, Steamship Mutual, Envest and Frontier Global Underwriting also made personnel changes over the last week.
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Axa XL elevates Thomas Gotting to chief client, distribution officer for APAC and Europe
Gotting, who is based in Cologne, will lead Axa XL's client and distribution strategy across Europe, Asia and Australia.
Axa XL elevates Thomas Gotting to chief client, distribution officer for APAC and Europe
Gotting, who is based in Cologne, will lead Axa XL's client and distribution strategy across Europe, Asia and Australia.
Gotting, who is based in Cologne, will lead Axa XL's client and distribution strategy across Europe, Asia and Australia.
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Gallagher strikes deal to acquire Kiwi broker Albany Insurance Services
Albany is a specialised retail insurance broker which serves commercial and personal lines clients in the Auckland and Canterbury regions of New Zealand.
Gallagher strikes deal to acquire Kiwi broker Albany Insurance Services
Albany is a specialised retail insurance broker which serves commercial and personal lines clients in the Auckland and Canterbury regions of New Zealand.
Albany is a specialised retail insurance broker which serves commercial and personal lines clients in the Auckland and Canterbury regions of New Zealand.
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KDIC, OK Financial set to conclude negotiations over YeByeol Non-Life Insurance deal: reports
Final acquisition of the bridge insurer set up to wind down the troubled MG Non-Life Insurance is expected to be completed in 2027.
KDIC, OK Financial set to conclude negotiations over YeByeol Non-Life Insurance deal: reports
Final acquisition of the bridge insurer set up to wind down the troubled MG Non-Life Insurance is expected to be completed in 2027.
Final acquisition of the bridge insurer set up to wind down the troubled MG Non-Life Insurance is expected to be completed in 2027.
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Steamship promotes Peter Jones to underwriting director in Singapore
Prior to joining the P&I club as an underwriting manager a year ago, he worked for Thomas Miller and UK P&I for over 16 years in total.
Steamship promotes Peter Jones to underwriting director in Singapore
Prior to joining the P&I club as an underwriting manager a year ago, he worked for Thomas Miller and UK P&I for over 16 years in total.
Prior to joining the P&I club as an underwriting manager a year ago, he worked for Thomas Miller and UK P&I for over 16 years in total.
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Australian Reinsurance Pool Corporation proposes raising cyclone pool premiums by 2.9%
Increase would improve long-term premium adequacy from 95.1% to 97.9%, according to a draft 2026 pricing review.
Australian Reinsurance Pool Corporation proposes raising cyclone pool premiums by 2.9%
Increase would improve long-term premium adequacy from 95.1% to 97.9%, according to a draft 2026 pricing review.
Increase would improve long-term premium adequacy from 95.1% to 97.9%, according to a draft 2026 pricing review.
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Chaucer taps Victoria Tan as property direct, facultative underwriter
She has held senior leadership roles with Munich Re, AIG, Swiss Re and Chubb across Asia and the US.
Chaucer taps Victoria Tan as property direct, facultative underwriter
She has held senior leadership roles with Munich Re, AIG, Swiss Re and Chubb across Asia and the US.
She has held senior leadership roles with Munich Re, AIG, Swiss Re and Chubb across Asia and the US.
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Arch Insurance Australia promotes Andrew Whitlock to head of casualty
He joined Arch in January as casualty underwriting manager for the Northern region
Arch Insurance Australia promotes Andrew Whitlock to head of casualty
He joined Arch in January as casualty underwriting manager for the Northern region
He joined Arch in January as casualty underwriting manager for the Northern region
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Berajaya Sompo taps Sheyna Marie Janz as head of liability
She joined Berajaya Sompo from AIG Malaysia, where she had been head of financial lines underwriting since August 2020.
Berajaya Sompo taps Sheyna Marie Janz as head of liability
She joined Berajaya Sompo from AIG Malaysia, where she had been head of financial lines underwriting since August 2020.
She joined Berajaya Sompo from AIG Malaysia, where she had been head of financial lines underwriting since August 2020.
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Marsh Japan completes Eneos acquisition, Hiroyuki Hata to lead rebranded agency
Global broker completes acquisition of the inhouse insurance intermediary businesses of Japanese energy giant Eneos and renames it EMIS Insurance Services.
Marsh Japan completes Eneos acquisition, Hiroyuki Hata to lead rebranded agency
Global broker completes acquisition of the inhouse insurance intermediary businesses of Japanese energy giant Eneos and renames it EMIS Insurance Services.
Global broker completes acquisition of the inhouse insurance intermediary businesses of Japanese energy giant Eneos and renames it EMIS Insurance Services.
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Bi Ying Ong to succeed Hicham Raissi as Allianz Singapore CEO
She has been promoted from her role as chief operating officer at the insurer.
Bi Ying Ong to succeed Hicham Raissi as Allianz Singapore CEO
She has been promoted from her role as chief operating officer at the insurer.
She has been promoted from her role as chief operating officer at the insurer.
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Great Eastern appoints Allianz’s Hicham Raissi as MD of general and group insurance
Raissi, who was formerly Allianz Singapore CEO, started in his new role on Thursday.
Great Eastern appoints Allianz’s Hicham Raissi as MD of general and group insurance
Raissi, who was formerly Allianz Singapore CEO, started in his new role on Thursday.
Raissi, who was formerly Allianz Singapore CEO, started in his new role on Thursday.
Popular posts:
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Marine war risk challenges require central solution as mounting losses expose claims gaps: Markel
Head of claims for Asia Bo Yu tells InsuranceAsia News that the 98 vessels that have been attacked in the Strait of Hormuz since February are driving calls for greater collaboration between hull insurers and P&I clubs.
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Thailand floods, Typhoon Dujuan test Asia’s flood cover and business interruption exposure
Loss adjusters tell InsuranceAsia News that extreme rainfall is emerging as a major loss driver across Asia, driving motor, property and business interruption claims.
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APAC accumulation risk adding up as insurance penetration grows, Perils’ Darryl Pidcock says
Flood and convective storms are among the underappreciated perils driving losses from India to Australia, with better loss data needed as urbanisation concentrates exposure.
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Cedents to focus on ‘right-sizing’ reinsurance programs as APAC market enters new phase
As the Asia Pacific reinsurance market heads into the 2027 renewal cycle, industry leaders are balancing a softening pricing environment against record capacity, emerging risks and a rapidly evolving risk landscape.
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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Asia emerges as international programs hub as regional firms centralise risk management: HDI Global
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‘Good times’ for India’s reinsurance buyers despite rising El Nino climate risk: Edme’s Vinod Krishnan
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‘Ripe for real growth’: Lloyd’s insurer Aegis making Asia Pacific cyber moves
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‘Challenges are opportunities’: IUMI president-elect urges insurers to play a larger role in supporting maritime resilience
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Supply outstripping demand, but El Nino, Middle East headwinds could shift market: Guy Carpenter’s Tony Gallagher
M&A
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Gallagher strikes deal to acquire Kiwi broker Albany Insurance Services
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KDIC, OK Financial set to conclude negotiations over YeByeol Non-Life Insurance deal: reports
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Marsh Japan completes Eneos acquisition, Hiroyuki Hata to lead rebranded agency
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Suncorp denies Tokio Marine takeover talks in stock market response
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Lotte Non-Life eyes mid-October open sale, awaits bidders: report
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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Captive insurance has evolved from niche tool to strategic risk infrastructure in Asia, with connected claims data seen as key to unlocking its full value.
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Are insurers capturing full value from the asset class? BlackRock shares its perspective.
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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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Axa XL elevates Thomas Gotting to chief client, distribution officer for APAC and Europe
Gotting, who is based in Cologne, will lead Axa XL's client and distribution strategy across Europe, Asia and Australia.
-
Steamship promotes Peter Jones to underwriting director in Singapore
Prior to joining the P&I club as an underwriting manager a year ago, he worked for Thomas Miller and UK P&I for over 16 years in total.
-
Chaucer taps Victoria Tan as property direct, facultative underwriter
She has held senior leadership roles with Munich Re, AIG, Swiss Re and Chubb across Asia and the US.
-
Arch Insurance Australia promotes Andrew Whitlock to head of casualty
He joined Arch in January as casualty underwriting manager for the Northern region
-
Berajaya Sompo taps Sheyna Marie Janz as head of liability
She joined Berajaya Sompo from AIG Malaysia, where she had been head of financial lines underwriting since August 2020.
-
Marsh Japan completes Eneos acquisition, Hiroyuki Hata to lead rebranded agency
Global broker completes acquisition of the inhouse insurance intermediary businesses of Japanese energy giant Eneos and renames it EMIS Insurance Services.
-
Bi Ying Ong to succeed Hicham Raissi as Allianz Singapore CEO
She has been promoted from her role as chief operating officer at the insurer.
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Great Eastern appoints Allianz’s Hicham Raissi as MD of general and group insurance
Raissi, who was formerly Allianz Singapore CEO, started in his new role on Thursday.
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Markel shifts Rob Jones to Singapore in APAC renewables push
He has relocated from the UK as sustainable energy and power underwrite.
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Aon bolsters Japan global solutions team with twin appointments
Naoki Kido named global head and Yuki Tanemura global chief commercial officer and head of North America for the broker's Japanese multinational client servicing team.
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Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services
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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.
‘Right time for Hong Kong to push captive ambition’: Willis’ Steve Hutchinson
Steve Hutchinson, head of corporate risk and broking for Hong Kong and Macau at Willis, tells InsuranceAsia News about the ongoing evolution of Hong Kong’s captives regime and how multinational corporations are adapting their risk management strategies.
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.
Infrastructure: "Data centres risk is following the same trajectory unless the gap between functional need and code is closed early. Given this gap, it is crucial that site and technology-specific safety analyses need to be undertaken."
Wayne Bretherton, Halliwell