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Berkshire Hathaway to pick up 2.5% of Tokio Marine for US$1.8bn, agree quota share deal
Wide-ranging strategic partnership between National Indemnity Company (NICO) and Tokio Marine, will also include a strategic collaboration in M&A.
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ARPC declares end of ex-Tropical Cyclone Narelle after 162 hours
System brought up to 200mm of rain to some areas having made landfall in Far North Queensland on Friday.
ARPC declares end of ex-Tropical Cyclone Narelle after 162 hours
System brought up to 200mm of rain to some areas having made landfall in Far North Queensland on Friday.
System brought up to 200mm of rain to some areas having made landfall in Far North Queensland on Friday.
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Lockton appoints Glenn Preece as Pacific growth leader
Broker also taps Sare Ozkara as head of market strategy, engagement, and portfolio solutions.
Lockton appoints Glenn Preece as Pacific growth leader
Broker also taps Sare Ozkara as head of market strategy, engagement, and portfolio solutions.
Broker also taps Sare Ozkara as head of market strategy, engagement, and portfolio solutions.
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Willis partners with Circles for fine art facility with lower premium threshold
Offered across Hong Kong, Singapore and Thailand, it can cover art assets of up to US$230,000 for private collectors.
Willis partners with Circles for fine art facility with lower premium threshold
Offered across Hong Kong, Singapore and Thailand, it can cover art assets of up to US$230,000 for private collectors.
Offered across Hong Kong, Singapore and Thailand, it can cover art assets of up to US$230,000 for private collectors.
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Insurers prevail in Singapore’s top court over US$56m oil rig claim
ArgoGlobal, China Taiping, Great American, MS First Capital and QBE successfully appealed against a Singapore High Court decision in favour of OCBC Bank.
Insurers prevail in Singapore’s top court over US$56m oil rig claim
ArgoGlobal, China Taiping, Great American, MS First Capital and QBE successfully appealed against a Singapore High Court decision in favour of OCBC Bank.
ArgoGlobal, China Taiping, Great American, MS First Capital and QBE successfully appealed against a Singapore High Court decision in favour of OCBC Bank.
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Berkley Insurance Asia names Kenneth Cheong as new head of marine
He replaces Ju-An Lee, who is shifting to the newly created role of senior advisory and talent development leader.
Berkley Insurance Asia names Kenneth Cheong as new head of marine
He replaces Ju-An Lee, who is shifting to the newly created role of senior advisory and talent development leader.
He replaces Ju-An Lee, who is shifting to the newly created role of senior advisory and talent development leader.
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Ex-Tropical Cyclone Narelle tracks across Northern Territory, set to re-intensify off Kimberley coast
Heavy rain likely to cause significant and rapid river level rises across the Katherine River catchment, according to the Bureau of Meteorology.
Ex-Tropical Cyclone Narelle tracks across Northern Territory, set to re-intensify off Kimberley coast
Heavy rain likely to cause significant and rapid river level rises across the Katherine River catchment, according to the Bureau of Meteorology.
Heavy rain likely to cause significant and rapid river level rises across the Katherine River catchment, according to the Bureau of Meteorology.
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Chubb reveals plans for US$20bn Strait of Hormuz reinsurance coverage
Initiative is a public-private partnership between the International Development Finance Corporation, Chubb and other name-brand American insurance companies that will act as reinsurers.
Chubb reveals plans for US$20bn Strait of Hormuz reinsurance coverage
Initiative is a public-private partnership between the International Development Finance Corporation, Chubb and other name-brand American insurance companies that will act as reinsurers.
Initiative is a public-private partnership between the International Development Finance Corporation, Chubb and other name-brand American insurance companies that will act as reinsurers.
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Full Capacity: War risks spill over, M&A insurance’s scramble for talent
This week's newsletter discusses an alarming prediction from the Swiss Re Institute, the latest from the crisis in the Middle East, Lloyd's new strategy, and the competition for talent in Asia's M&A insurance market.
Full Capacity: War risks spill over, M&A insurance’s scramble for talent
This week's newsletter discusses an alarming prediction from the Swiss Re Institute, the latest from the crisis in the Middle East, Lloyd's new strategy, and the competition for talent in Asia's M&A insurance market.
This week's newsletter discusses an alarming prediction from the Swiss Re Institute, the latest from the crisis in the Middle East, Lloyd's new strategy, and the competition for talent in Asia's M&A insurance market.
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Howden, Aviso Specialty, Price Forbes, QBE, Delta: 13 APAC insurance people moves of the week
Sompo, Market Lane, QBE Re, HDI Global, Willis, BHSI, Swiss Re and BPL also made personnel changes over the last week.
Howden, Aviso Specialty, Price Forbes, QBE, Delta: 13 APAC insurance people moves of the week
Sompo, Market Lane, QBE Re, HDI Global, Willis, BHSI, Swiss Re and BPL also made personnel changes over the last week.
Sompo, Market Lane, QBE Re, HDI Global, Willis, BHSI, Swiss Re and BPL also made personnel changes over the last week.
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Hana Financial, Korea Investment, JC Flowers finish due diligence on Yebyeol Insurance ahead of main bid
Korea Deposit Insurance Corporation will review the management plans submitted by the three candidates before choosing a preferred negotiating party.
Hana Financial, Korea Investment, JC Flowers finish due diligence on Yebyeol Insurance ahead of main bid
Korea Deposit Insurance Corporation will review the management plans submitted by the three candidates before choosing a preferred negotiating party.
Korea Deposit Insurance Corporation will review the management plans submitted by the three candidates before choosing a preferred negotiating party.
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HDI Global adds senior underwriting trio to Singapore team
HDI Global has prioritised the growth of its energy, marine and property businesses in Southeast Asia.
HDI Global adds senior underwriting trio to Singapore team
HDI Global has prioritised the growth of its energy, marine and property businesses in Southeast Asia.
HDI Global has prioritised the growth of its energy, marine and property businesses in Southeast Asia.
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AM Best upgrades Hanoi Re’s long-term issuer credit rating to bbb+, affirms PVI Insurance’s a-
Hanoi Re and PVI Insurance are subsidiaries of PVI Holdings, which is partially owned by HDI Global SE.
AM Best upgrades Hanoi Re’s long-term issuer credit rating to bbb+, affirms PVI Insurance’s a-
Hanoi Re and PVI Insurance are subsidiaries of PVI Holdings, which is partially owned by HDI Global SE.
Hanoi Re and PVI Insurance are subsidiaries of PVI Holdings, which is partially owned by HDI Global SE.
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‘Promising’ outlook as Japan’s P&C insurers reap benefits from diversification
Japan's non-life carriers are profiting from share sales, higher investment income, light natural catastrophe losses, and diversification of their revenues abroad.
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Lloyd’s eyes Asia for capital, syndicates in new five-year plan
CEO Patrick Tiernan sharpens Lloyd’s strategy to be a ‘market of firsts’ as the marketplace looks internationally for capital, syndicates and next‑generation underwriting talent.
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Insurers brace for fallout as Iran conflict ‘not a single-line issue’
Industry expects the ripple effects of the conflict to drive disruption-related losses, rather than physical damage.
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Softening mining market tests insurers as ESG lines blur, capacity surges
Expanding capital, easing ESG positions and aggressive competition are reshaping Australian mining insurance, even as tailings storage facilities, water risks and climate volatility keep underwriting discipline under pressure
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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‘No longer optional’: parametric climate cover gains urgency as Asia Pacific faces accelerating volatility
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‘Big expectations’ as Gift City branch gives Mapfre Re vehicle to drive India, APAC growth: Javier Sánchez Cea
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‘Exciting and new’: Specialist Risk Group aims to put itself on the map in Australia, Southeast Asia
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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
M&A
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Berkshire Hathaway to pick up 2.5% of Tokio Marine for US$1.8bn, agree quota share deal
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Sodalis acquires MGA startup Amiga Specialty for US$2.4m
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Legacy specialist RiverStone launches Australian unit led by Mark Fleiser, strikes Zurich LPT deal
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Warburg Pincus weighs sale of Oona Insurance after buyer interest: Bloomberg
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Steadfast acquires food and beverage specialist broker Victual
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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Lockton appoints Glenn Preece as Pacific growth leader
Broker also taps Sare Ozkara as head of market strategy, engagement, and portfolio solutions.
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Berkley Insurance Asia names Kenneth Cheong as new head of marine
He replaces Ju-An Lee, who is shifting to the newly created role of senior advisory and talent development leader.
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HDI Global adds senior underwriting trio to Singapore team
HDI Global has prioritised the growth of its energy, marine and property businesses in Southeast Asia.
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Aviso Specialty appoints ex-Marsh Pacific president Josh Roach as CEO
Former Lockton CEO Paul Marsden has also been tapped as executive director of broking.
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Swiss Re appoints Dinesh Kumar as senior casualty treaty underwriter
Singapore-based Kumar joins Swiss Re from Munich Re, where he spent six years.
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QBE launches transaction liability practice in Asia with Reuben Lee appointment
Singapore-based Lee, who joins from Willis, will focus on growth and risk management in the M&A insurance space.
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Teresa Pollard named interim Delta Insurance Group CEO
She replaces Kent Chaplin, who is stepping down after seven years in charge of the MGA.
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Willis adds quartet to India aviation, aerospace team
Specialist brokers Nisha Solanki, Rushabh Thakkar, Shrutik Pitale and Ganesh Bangera have all joined from Aon.
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BPL sets up shop in Japan amid international expansion, names Kenichi Iwakura CEO
Credit and political risk insurance broker already has offices in London, Paris, New York, Singapore, Hong Kong, and Geneva.
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Francis Lim joins Sompo as Singapore financial lines lead
He has over 24 years of experience in financial lines underwriting.
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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.
Japanese non-life insurers to outperform life firms on fundamentals: Fitch’s Morinaga
Teruki Morinaga, director of insurance at Fitch Ratings in Tokyo, talks to InsuranceAsia News on the market forces shaping Japan's insurance sector.
Greater local investor participation in ILS needed: Peak Re’s Reynolds
Iain Reynolds, head of third party capital at Peak Re, talks to InsuranceAsia News about the development of Asia's insurance-linked securities 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