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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.
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Aon Indonesia taps Shinta Kusdya as head of sales for commercial risk
Jakarta-based Kusdya brings over 15 years of experience across insurance broking, general insurance, and financial lines.
Aon Indonesia taps Shinta Kusdya as head of sales for commercial risk
Jakarta-based Kusdya brings over 15 years of experience across insurance broking, general insurance, and financial lines.
Jakarta-based Kusdya brings over 15 years of experience across insurance broking, general insurance, and financial lines.
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Hong Kong broker Nova’s revenue rises 12% to US$20m as mainland expansion contributes
Hong Kong-listed FSE Lifestyle Services’ insurance arm's latest results include a full year of revenue from Beijing Nova Insurance Services, which it acquired in December 2024.
Hong Kong broker Nova’s revenue rises 12% to US$20m as mainland expansion contributes
Hong Kong-listed FSE Lifestyle Services’ insurance arm's latest results include a full year of revenue from Beijing Nova Insurance Services, which it acquired in December 2024.
Hong Kong-listed FSE Lifestyle Services’ insurance arm's latest results include a full year of revenue from Beijing Nova Insurance Services, which it acquired in December 2024.
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Igloo partners with Dana to launch Indonesian parametric rain protection
Southeast Asian insurtech and Indonesian e-wallet platform launch first parametric insurance product in their portfolio.
Igloo partners with Dana to launch Indonesian parametric rain protection
Southeast Asian insurtech and Indonesian e-wallet platform launch first parametric insurance product in their portfolio.
Southeast Asian insurtech and Indonesian e-wallet platform launch first parametric insurance product in their portfolio.
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Markel shifts Kevin Leung to managing director for Southeast Asia
He takes charge of unified operations in Singapore and Malaysia for the specialty insurer.
Markel shifts Kevin Leung to managing director for Southeast Asia
He takes charge of unified operations in Singapore and Malaysia for the specialty insurer.
He takes charge of unified operations in Singapore and Malaysia for the specialty insurer.
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Australian casino operator Crown sues RiverStone for US$16m in unpaid class action cover: reports
Casino operator is seeking to recover funds on an excess of loss policy after the insurer allegedly refused to make good on cover tied to a shareholder class action settlement.
Australian casino operator Crown sues RiverStone for US$16m in unpaid class action cover: reports
Casino operator is seeking to recover funds on an excess of loss policy after the insurer allegedly refused to make good on cover tied to a shareholder class action settlement.
Casino operator is seeking to recover funds on an excess of loss policy after the insurer allegedly refused to make good on cover tied to a shareholder class action settlement.
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Tokio Marine settles Credit Suisse Greensill suit after IAG deal
Japanese insurer did not disclose settlement terms, but says the deal would not materially impact FY26 results.
Tokio Marine settles Credit Suisse Greensill suit after IAG deal
Japanese insurer did not disclose settlement terms, but says the deal would not materially impact FY26 results.
Japanese insurer did not disclose settlement terms, but says the deal would not materially impact FY26 results.
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Aon bolsters Asia transaction solutions team with Minwoo Yoon as regional director
Singapore-based Yoon will be responsible for expanding the broker's tax liability insurance practice across the region.
Aon bolsters Asia transaction solutions team with Minwoo Yoon as regional director
Singapore-based Yoon will be responsible for expanding the broker's tax liability insurance practice across the region.
Singapore-based Yoon will be responsible for expanding the broker's tax liability insurance practice across the region.
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Envest taps Emma Osbourne as general manager of broker enablement
She has held various roles within the Envest network since 2017.
Envest taps Emma Osbourne as general manager of broker enablement
She has held various roles within the Envest network since 2017.
She has held various roles within the Envest network since 2017.
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Itochu doubles down on non-life insurance with investment in Aioi-owned US insurtech Moter
Move is latest step in the Japanese trading house's multi-year push into non-life insurance and insurance-related services across Japan, Asia and the US.
Itochu doubles down on non-life insurance with investment in Aioi-owned US insurtech Moter
Move is latest step in the Japanese trading house's multi-year push into non-life insurance and insurance-related services across Japan, Asia and the US.
Move is latest step in the Japanese trading house's multi-year push into non-life insurance and insurance-related services across Japan, Asia and the US.
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Gallagher promotes John Li to national practice leader covering APAC
Perth-based Li says the role will focus on driving growth in hard-to-place corporate and specialty risks across the Asia-Pacific (APAC) region.
Gallagher promotes John Li to national practice leader covering APAC
Perth-based Li says the role will focus on driving growth in hard-to-place corporate and specialty risks across the Asia-Pacific (APAC) region.
Perth-based Li says the role will focus on driving growth in hard-to-place corporate and specialty risks across the Asia-Pacific (APAC) region.
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India’s US$1.5bn marine risk pool surpasses 3,000 cargo war policies
Bharat Maritime Insurance Pool has also issued 92 hull war-risk policies and three protection and indemnity insurance policies since its creation in May.
India’s US$1.5bn marine risk pool surpasses 3,000 cargo war policies
Bharat Maritime Insurance Pool has also issued 92 hull war-risk policies and three protection and indemnity insurance policies since its creation in May.
Bharat Maritime Insurance Pool has also issued 92 hull war-risk policies and three protection and indemnity insurance policies since its creation in May.
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Bangkok declares flood disaster following two days of torrential rains
Scenes in Bangkok over the weekend evoked memories of the notorious 2011 floods.
Bangkok declares flood disaster following two days of torrential rains
Scenes in Bangkok over the weekend evoked memories of the notorious 2011 floods.
Scenes in Bangkok over the weekend evoked memories of the notorious 2011 floods.
Popular posts:
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Buyers returning to APAC property retro market, trend set to continue: Marsh Re
Substantial limit growth this year comes amidst a broader market underpinned by record levels of capital, head of global clients and global specialties Matthew Flynn says.
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IUMI 2026: 3 takeaways from Rotterdam as the marine market navigates the fog of war
Over 700 marine insurers headed to Rotterdam for the annual International Union of Marine Insurance (IUMI) conference, with war risk, cargo, sanctions and decarbonisation dominating four days of debate.
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Cargo crime crisis meets US$3bn Dali fallout as global marine insurance buckles under twin threats
Asia-centred cargo market faces organised criminal gangs armed with AI and record theft costs, while the Baltimore bridge casualty pushes P&I clubs toward overspill territory.
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Stricter rules, cross-border risks drive Asia financial lines growth: Lockton’s Frederic Boles
Head of professional executive and credit for Asia tells InsuranceAsia News' Between the Lines podcast that the region is a 'dynamic marketplace with a lot of opportunities'.
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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Itochu doubles down on non-life insurance with investment in Aioi-owned US insurtech Moter
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IAG to seek public benefits approval after competition watchdog halts RAC Insurance acquisition
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Ageas completes Etiqa sale, Dimitri Terryn confirms departure
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Singapore’s GIC takes 5% stake in Samsung Fire and Marine
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Tokio Marine HCC International completes Direct Commercial acquisition
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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Are insurers capturing full value from the asset class? BlackRock shares its perspective.
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To stay relevant, insurers should engage caregivers earlier with solutions that combine protection, navigation support, and preventative planning.
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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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Aon Indonesia taps Shinta Kusdya as head of sales for commercial risk
Jakarta-based Kusdya brings over 15 years of experience across insurance broking, general insurance, and financial lines.
-
Markel shifts Kevin Leung to managing director for Southeast Asia
He takes charge of unified operations in Singapore and Malaysia for the specialty insurer.
-
Aon bolsters Asia transaction solutions team with Minwoo Yoon as regional director
Singapore-based Yoon will be responsible for expanding the broker's tax liability insurance practice across the region.
-
Envest taps Emma Osbourne as general manager of broker enablement
She has held various roles within the Envest network since 2017.
-
Gallagher promotes John Li to national practice leader covering APAC
Perth-based Li says the role will focus on driving growth in hard-to-place corporate and specialty risks across the Asia-Pacific (APAC) region.
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Frontier Global Underwriting appoints Lindsay Smart as senior financial lines underwriter
She previously held roles at Scott Winton, Knightcorp Insurance Brokers and Aon.
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Income Insurance taps Manulife’s Khoo Kah Siang as CEO: report
Khoo, who was most recently CEO of Manulife Singapore, will assume his position in January.
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Chubb elevates Lulu Tsai to head of marine, specialty for Hong Kong
She has nearly two decades of experience, with expertise across cargo, freight forwarders liability, hull, and fine art and specie.
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Scor adds Clint Darling as construction underwriter in Australia
Sydney-based Darling most recently spent over nine years with Aon, where he has been a client manager since July 2017.
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Newly-launched Miller Malaysia appoints Vinnisha Chandrasegar as associate director for treaty
Kuala Lumpur-based Chandrasegar joins Miller from Guy Carpenter (now Marsh Re), where she worked for nearly two years as assistant vice president.
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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