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Exclusive: Lloyd’s secures Gift City reinsurance licence
Lloyd’s was awarded a licence by Gift City regulator, the International Financial Services Centre Authority on Tuesday, InsuranceAsia News can reveal.
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Hong Kong’s proposed RBC amendments credit positive, AM Best says
Adjustments could encourage domestic insurers with robust underwriting capabilities or strong parental backing to explore overseas growth opportunities.
Hong Kong’s proposed RBC amendments credit positive, AM Best says
Adjustments could encourage domestic insurers with robust underwriting capabilities or strong parental backing to explore overseas growth opportunities.
Adjustments could encourage domestic insurers with robust underwriting capabilities or strong parental backing to explore overseas growth opportunities.
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Aon’s Marcus Piristi joins Marsh as Pacific head of energy
Adelaide-based Piristi had spent nearly 13 years in global and corporate client roles at Aon.
Aon’s Marcus Piristi joins Marsh as Pacific head of energy
Adelaide-based Piristi had spent nearly 13 years in global and corporate client roles at Aon.
Adelaide-based Piristi had spent nearly 13 years in global and corporate client roles at Aon.
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Tropical Cyclone Narelle re-intensifies off WA coast, ARPC declares new event
Narelle2 was declared by the Australian Reinsurance Pool Corporation (ARPC) at 4:00am Australian Eastern Standard Time on Wednesday.
Tropical Cyclone Narelle re-intensifies off WA coast, ARPC declares new event
Narelle2 was declared by the Australian Reinsurance Pool Corporation (ARPC) at 4:00am Australian Eastern Standard Time on Wednesday.
Narelle2 was declared by the Australian Reinsurance Pool Corporation (ARPC) at 4:00am Australian Eastern Standard Time on Wednesday.
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China P&I Club posts record renewal for 2026 policy year
Vessels include MV Adora Magic City, China’s first domestically built large cruise ship.
China P&I Club posts record renewal for 2026 policy year
Vessels include MV Adora Magic City, China’s first domestically built large cruise ship.
Vessels include MV Adora Magic City, China’s first domestically built large cruise ship.
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Singapore’s domestic general GWP grows 8.4% to US$4.8bn
Despite a higher claim environment, domestic underwriting profit rose 32% year-on-year to US$226m in 2025.
Singapore’s domestic general GWP grows 8.4% to US$4.8bn
Despite a higher claim environment, domestic underwriting profit rose 32% year-on-year to US$226m in 2025.
Despite a higher claim environment, domestic underwriting profit rose 32% year-on-year to US$226m in 2025.
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Aon promotes ‘go‑to broker’ Anita Vivekananda to APAC MD of transaction solutions
Sydney-based Vivekananda has been with Aon for over a decade and was previously the Pacific head of transaction solutions.
Aon promotes ‘go‑to broker’ Anita Vivekananda to APAC MD of transaction solutions
Sydney-based Vivekananda has been with Aon for over a decade and was previously the Pacific head of transaction solutions.
Sydney-based Vivekananda has been with Aon for over a decade and was previously the Pacific head of transaction solutions.
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From bullion, collectible cars to wine and whiskey collections, Liberty launches fine art and specie offering in Asia
Offering has an underwriting capacity for up to US$250 million for fine art and general specie and up to US$30 million for cash-in-transit and jewellers block.
From bullion, collectible cars to wine and whiskey collections, Liberty launches fine art and specie offering in Asia
Offering has an underwriting capacity for up to US$250 million for fine art and general specie and up to US$30 million for cash-in-transit and jewellers block.
Offering has an underwriting capacity for up to US$250 million for fine art and general specie and up to US$30 million for cash-in-transit and jewellers block.
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Australia’s Pinnacle Underwriting approved as Lloyd’s coverholder
Specialty facultative reinsurance MGA says it represents 'a major strategic milestone for our business'.
Australia’s Pinnacle Underwriting approved as Lloyd’s coverholder
Specialty facultative reinsurance MGA says it represents 'a major strategic milestone for our business'.
Specialty facultative reinsurance MGA says it represents 'a major strategic milestone for our business'.
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Malaysia’s Pacific Insurance appoints Florence Chang as CEO
She was previously country head of brokers management and head of commercial insurance at Zurich Malaysia.
Malaysia’s Pacific Insurance appoints Florence Chang as CEO
She was previously country head of brokers management and head of commercial insurance at Zurich Malaysia.
She was previously country head of brokers management and head of commercial insurance at Zurich Malaysia.
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India-focused reinsurer Niyam secures Lloyd’s approval for Syndicate 2047
Former GIC Re chairman Devesh Srivastava has been appointed chairman as Niyam will begin underwriting from April 1.
India-focused reinsurer Niyam secures Lloyd’s approval for Syndicate 2047
Former GIC Re chairman Devesh Srivastava has been appointed chairman as Niyam will begin underwriting from April 1.
Former GIC Re chairman Devesh Srivastava has been appointed chairman as Niyam will begin underwriting from April 1.
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Mosaic to close Singapore office, service Asia from Dubai
Singapore CEO Benn Wilson will relocate to Dubai as part of the carrier's exit from the Lloyd's Asia platform.
Mosaic to close Singapore office, service Asia from Dubai
Singapore CEO Benn Wilson will relocate to Dubai as part of the carrier's exit from the Lloyd's Asia platform.
Singapore CEO Benn Wilson will relocate to Dubai as part of the carrier's exit from the Lloyd's Asia platform.
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Australian broker Envest merges transport specialist MGAs
Insuret and ATL will form a unified national platform dedicated to fleet and trucking insurance.
Australian broker Envest merges transport specialist MGAs
Insuret and ATL will form a unified national platform dedicated to fleet and trucking insurance.
Insuret and ATL will form a unified national platform dedicated to fleet and trucking insurance.
Popular posts:
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‘This isn’t Beirut, I’m staying put’: specialty (re)insurance market toughing it out in Dubai as economy suffers
Expansion plans for Dubai International Financial Centre knocked back as regional war intensifies.
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Energy clients voice disquiet over change of cover for non-exposed Middle East territories
Global P&C insurer Chubb has outlined the structure and scope of the maritime insurance facility created in partnership with the US government, but attacks on oil and gas facilities have added to global tensions.
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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.
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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Australian broker Envest merges transport specialist MGAs
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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
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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Aon’s Marcus Piristi joins Marsh as Pacific head of energy
Adelaide-based Piristi had spent nearly 13 years in global and corporate client roles at Aon.
-
Aon promotes ‘go‑to broker’ Anita Vivekananda to APAC MD of transaction solutions
Sydney-based Vivekananda has been with Aon for over a decade and was previously the Pacific head of transaction solutions.
-
Malaysia’s Pacific Insurance appoints Florence Chang as CEO
She was previously country head of brokers management and head of commercial insurance at Zurich Malaysia.
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India-focused reinsurer Niyam secures Lloyd’s approval for Syndicate 2047
Former GIC Re chairman Devesh Srivastava has been appointed chairman as Niyam will begin underwriting from April 1.
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Swiss Re’s Victor Kuk to succeed Franz-Josef Hahn as Peak Re CEO
Co-founder Hahn will assume the position of special adviser, continuing to provide strategic oversight until October 9.
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Zhang Daoming to become PICC president: report
He has been the temporary responsible officer of the People’s Insurance Company of China (PICC) since December following Yu Ze's resignation in December.
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Chubb’s Quinton Kotze to join Aon as head of cyber solutions for Australia
Sydney-based Kotze will join Aon in May following 13 years with the American insurer.
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Mark Kenyon joins Howden as partner for NZ broking
He brings more then three decades of experience in leadership, complex claims and advisory roles.
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Markel launches W&I offering in Asia with key hires in Hong Kong, India
Lloyd's carrier hires Aon's Siddick Khan as a senior W&I underwriter in Hong Kong and Shubhi Nigam as an underwriter in India.
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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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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