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Full Capacity: Aon’s USI deal and AI-era ‘context advantage’ pitch
This week's newsletter also discusses M&A updates, Singapore's new MGA, a Lloyd's insurer's Asia plans and Descartes and GC&C's partnership renewal.
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Insurers finding ART increasingly attractive as rates continue to soften: Aon
It will be a more flexible marketplace for 2027, offering cedents additional savings with reductions projected in the 10% range.
Insurers finding ART increasingly attractive as rates continue to soften: Aon
It will be a more flexible marketplace for 2027, offering cedents additional savings with reductions projected in the 10% range.
It will be a more flexible marketplace for 2027, offering cedents additional savings with reductions projected in the 10% range.
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Marsh Re, Axa XL Re, IFFCO Tokio, Marsh, Zurich: 21 APAC insurance people moves of the week
Great American Insurance, Sompo, Chubb, Peak Re, Adva Group, Aon, Generali Central Insurance, Scor Business Solutions, Lockton, Aviso Specialty, QBE, Coface, Gallagher, AIG, Ageas Re and 360 Underwriting Solutions also made personnel changes over the last week.
Marsh Re, Axa XL Re, IFFCO Tokio, Marsh, Zurich: 21 APAC insurance people moves of the week
Great American Insurance, Sompo, Chubb, Peak Re, Adva Group, Aon, Generali Central Insurance, Scor Business Solutions, Lockton, Aviso Specialty, QBE, Coface, Gallagher, AIG, Ageas Re and 360 Underwriting Solutions also made personnel changes over the last week.
Great American Insurance, Sompo, Chubb, Peak Re, Adva Group, Aon, Generali Central Insurance, Scor Business Solutions, Lockton, Aviso Specialty, QBE, Coface, Gallagher, AIG, Ageas Re and 360 Underwriting Solutions also made personnel changes over the last week.
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Hana Financial weighs US$148m capital injection for insurance unit amid saturated domestic market: reports
If completed, Hana Insurance will have raised around US$370m in new capital within a year.
Hana Financial weighs US$148m capital injection for insurance unit amid saturated domestic market: reports
If completed, Hana Insurance will have raised around US$370m in new capital within a year.
If completed, Hana Insurance will have raised around US$370m in new capital within a year.
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Chubb names Samsung Fire veteran Il-Pyung Kim South Korea CEO
Outgoing CEO Janice Mo will step into the role of head of commercial P&C for South Korea.
Chubb names Samsung Fire veteran Il-Pyung Kim South Korea CEO
Outgoing CEO Janice Mo will step into the role of head of commercial P&C for South Korea.
Outgoing CEO Janice Mo will step into the role of head of commercial P&C for South Korea.
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‘We’ve never had a risk environment like this’: Lloyd’s CEO warns of heightened interconnected risks
Lloyd’s reports US$1.9bn in losses from the war with Iran, as Patrick Tiernan warns the global risk environment is unique in history, with cyber, trade, geopolitical and physical threats escalating.
‘We’ve never had a risk environment like this’: Lloyd’s CEO warns of heightened interconnected risks
Lloyd’s reports US$1.9bn in losses from the war with Iran, as Patrick Tiernan warns the global risk environment is unique in history, with cyber, trade, geopolitical and physical threats escalating.
Lloyd’s reports US$1.9bn in losses from the war with Iran, as Patrick Tiernan warns the global risk environment is unique in history, with cyber, trade, geopolitical and physical threats escalating.
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AM Best affirms Peak Re’s A- ratings, cites robust balance sheet and disciplined strategy
Reported capital and surplus grew by 17% to US$1.7bn in 2025, supported by a retention of underwriting and investment profits.
AM Best affirms Peak Re’s A- ratings, cites robust balance sheet and disciplined strategy
Reported capital and surplus grew by 17% to US$1.7bn in 2025, supported by a retention of underwriting and investment profits.
Reported capital and surplus grew by 17% to US$1.7bn in 2025, supported by a retention of underwriting and investment profits.
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Toa Re net profit reaches higest level on improved underwriting, lower catastrophe losses: AM Best
Ratings agency affirms a financial strength rating of A (excellent), and a the long-term issuer credit ratings of a+ (excellent), with a stable outlook.
Toa Re net profit reaches higest level on improved underwriting, lower catastrophe losses: AM Best
Ratings agency affirms a financial strength rating of A (excellent), and a the long-term issuer credit ratings of a+ (excellent), with a stable outlook.
Ratings agency affirms a financial strength rating of A (excellent), and a the long-term issuer credit ratings of a+ (excellent), with a stable outlook.
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AM Best downgrades Himalayan Re amid CEO arrest, fraud investigation
Rating agency downgrades Neaplese reinsurer's ratings to B (Fair) and places them under review with negative implications.
AM Best downgrades Himalayan Re amid CEO arrest, fraud investigation
Rating agency downgrades Neaplese reinsurer's ratings to B (Fair) and places them under review with negative implications.
Rating agency downgrades Neaplese reinsurer's ratings to B (Fair) and places them under review with negative implications.
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PARIMA’s Singapore conference to shine a light on ‘the new risk order’
Two-day event returns to Singapore, beginning with a one-day masterclass on October 14, followed by the conference on October 15.
PARIMA’s Singapore conference to shine a light on ‘the new risk order’
Two-day event returns to Singapore, beginning with a one-day masterclass on October 14, followed by the conference on October 15.
Two-day event returns to Singapore, beginning with a one-day masterclass on October 14, followed by the conference on October 15.
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Laurent Rousseau appointed Marsh Re’s head of international
London-based Rousseau will lead Marsh Re’s Asia, Pacific, Latin America and Caribbean regions in addition to Europe and IMEA, while also continuing to lead capital and advisory globally.
Laurent Rousseau appointed Marsh Re’s head of international
London-based Rousseau will lead Marsh Re’s Asia, Pacific, Latin America and Caribbean regions in addition to Europe and IMEA, while also continuing to lead capital and advisory globally.
London-based Rousseau will lead Marsh Re’s Asia, Pacific, Latin America and Caribbean regions in addition to Europe and IMEA, while also continuing to lead capital and advisory globally.
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Sompo names Hairolnizam Sapian as APAC partnership development, management head
Kuala Lumpur-based Sapian will be responsible for advancing Sompo Asia's consumer growth agenda through the development and management of strategic partnerships across the region.
Sompo names Hairolnizam Sapian as APAC partnership development, management head
Kuala Lumpur-based Sapian will be responsible for advancing Sompo Asia's consumer growth agenda through the development and management of strategic partnerships across the region.
Kuala Lumpur-based Sapian will be responsible for advancing Sompo Asia's consumer growth agenda through the development and management of strategic partnerships across the region.
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AIG Australia scores Mahfuzur Rahman as senior professional indemnity underwriter
Melbourne-based Rahman joins from Chubb, where he had been a senior underwriter for financial lines and major accounts for Australia and New Zealand since September 2025.
AIG Australia scores Mahfuzur Rahman as senior professional indemnity underwriter
Melbourne-based Rahman joins from Chubb, where he had been a senior underwriter for financial lines and major accounts for Australia and New Zealand since September 2025.
Melbourne-based Rahman joins from Chubb, where he had been a senior underwriter for financial lines and major accounts for Australia and New Zealand since September 2025.
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‘Rate reductions are the fuel, not the finish line’, Gallagher Re’s Lippmann says
Speaking ahead of Rendez-Vous de Septembre, which starts on Saturday in Monaco, the global head of property says buyers are benefitting from the strongest negotiating position in more than a decade.
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‘Asia is no exception’: record capital to fuel reinsurer M&A surge
Laurent Rousseau, CEO of global capital and advisory, Europe and India, Middle East and Africa at Marsh Re, says Northeast Asia could be a driver of consolidation, while Australia will play a big role.
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Has the market learned its lesson? Questions remain over P&C reserve adequacy as ratings continue to deteriorate
A quarter-century after Independent Insurance’s collapse, P&C reserve adequacy is back in focus as rates fall and capital questions mount.
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Nepal flash floods insured losses could top US$1bn, spilling into reinsurance
Major international and regional reinsurers, including Hannover Re, GIC Re, Saudi Re, and Kenya Re, face material exposures via direct and retrocession programs.
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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‘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
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BP Marsh homes in on ‘tremendous opportunities’ in APAC insurance distribution niche
M&A
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Samsung Fire & Marine prepares to take control of Canopius: report
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‘Asia is no exception’: record capital to fuel reinsurer M&A surge
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QBE completes sale of trade credit and surety business to Swiss Re CorSo
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Tokio Marine HCC International acquires UK commercial motor specialist Direct Commercial
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Tokio Marine identifies Suncorp as preferred takeover target: 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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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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Chubb names Samsung Fire veteran Il-Pyung Kim South Korea CEO
Outgoing CEO Janice Mo will step into the role of head of commercial P&C for South Korea.
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Laurent Rousseau appointed Marsh Re’s head of international
London-based Rousseau will lead Marsh Re’s Asia, Pacific, Latin America and Caribbean regions in addition to Europe and IMEA, while also continuing to lead capital and advisory globally.
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Sompo names Hairolnizam Sapian as APAC partnership development, management head
Kuala Lumpur-based Sapian will be responsible for advancing Sompo Asia's consumer growth agenda through the development and management of strategic partnerships across the region.
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AIG Australia scores Mahfuzur Rahman as senior professional indemnity underwriter
Melbourne-based Rahman joins from Chubb, where he had been a senior underwriter for financial lines and major accounts for Australia and New Zealand since September 2025.
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Brent Mullan returns from two-year travel, study break to join Gallagher New Zealand as head of marine
He joins the broker after a two year break, having last been a partner with Howden in New Zealand.
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Marsh Re appoints Andrew Hare as Japan CEO
He will assume the role from January 1, succeeding Jeremy Fox, who continues as chairman for Asia Pacific.
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Marsh promotes Rama Sentousa to Singapore COO
He was most recently COO of Marsh Risk Singapore,
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Axa XL Re taps ex-Scor CUO Augustin Gas as Asia head
Singapore-based Gas will oversee client and broker relationships across Asia and manage the carrier’s regional book.
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Peak Re hires Natt Wattanaumphaipong as global head of distribution, Sanjiv Agarwal as head of operations
Wattanaumphaipong joins from Great American Insurance in Singapore, while Agarwal moves after a decade at Swiss Re.
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Coface promotes Jason Tan to head of commercial for Malaysia
Kuala Lumpur-based Tan joined Coface almost six years ago, and was most recently managing commercial operations and marketing for Malaysia, Indonesia and the Philippines.
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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