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Gallagher Re’s Mark O’Brien joins MGA XS Global Asia Pacific
O'Brien, who had stepped down as APAC head of the reinsurance broker earlier this year, will write treaty reinsurance.
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Scope of war risk cover must be considered as claims expand beyond high-risk zones: London P&I Club
Senior underwriter Ben McKeith says not enough owners are considering long-term war risk cover plans as part of their management strategy, as claims have increased in non-high risk zones, such as the Mediterranean and Black Sea.
Scope of war risk cover must be considered as claims expand beyond high-risk zones: London P&I Club
Senior underwriter Ben McKeith says not enough owners are considering long-term war risk cover plans as part of their management strategy, as claims have increased in non-high risk zones, such as the Mediterranean and Black Sea.
Senior underwriter Ben McKeith says not enough owners are considering long-term war risk cover plans as part of their management strategy, as claims have increased in non-high risk zones, such as the Mediterranean and Black Sea.
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APAC Q1 cat losses stay muted at US$2bn, Australia events dominate: Aon
Global economic losses from natural disasters in Q1 reached US$37bn, well below the US$64bn average this century.
APAC Q1 cat losses stay muted at US$2bn, Australia events dominate: Aon
Global economic losses from natural disasters in Q1 reached US$37bn, well below the US$64bn average this century.
Global economic losses from natural disasters in Q1 reached US$37bn, well below the US$64bn average this century.
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IAG’s RACI acquisition moves to phase two ACCC investigation
Australian Competition and Consumer Commission (ACCC) says acquisition could 'substantially lessen' competition within Western Australia’s home and motor insurance market.
IAG’s RACI acquisition moves to phase two ACCC investigation
Australian Competition and Consumer Commission (ACCC) says acquisition could 'substantially lessen' competition within Western Australia’s home and motor insurance market.
Australian Competition and Consumer Commission (ACCC) says acquisition could 'substantially lessen' competition within Western Australia’s home and motor insurance market.
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Swiss Re appoints Devpriya Misra as APAC head of credit and surety reinsurance
He has been with Swiss Re since 2009.
Swiss Re appoints Devpriya Misra as APAC head of credit and surety reinsurance
He has been with Swiss Re since 2009.
He has been with Swiss Re since 2009.
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Opinion: Systemic risk is making an unwelcome return on the APAC radar
Systemic risk is making an unwelcome return on the APAC radar, as the Iran conflict threatens an energy-driven shock that Asia can ill afford, despite markets having quickly forgotten the lessons of 2008.
Opinion: Systemic risk is making an unwelcome return on the APAC radar
Systemic risk is making an unwelcome return on the APAC radar, as the Iran conflict threatens an energy-driven shock that Asia can ill afford, despite markets having quickly forgotten the lessons of 2008.
Systemic risk is making an unwelcome return on the APAC radar, as the Iran conflict threatens an energy-driven shock that Asia can ill afford, despite markets having quickly forgotten the lessons of 2008.
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Sompo taps Everest underwriters to drive Australia growth
Arthur Constantinou has been appointed head of energy and construction, Josh Luk head of financial lines, Matt O'Brien head of casualty and Andrew Lester head of property.
Sompo taps Everest underwriters to drive Australia growth
Arthur Constantinou has been appointed head of energy and construction, Josh Luk head of financial lines, Matt O'Brien head of casualty and Andrew Lester head of property.
Arthur Constantinou has been appointed head of energy and construction, Josh Luk head of financial lines, Matt O'Brien head of casualty and Andrew Lester head of property.
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Asia’s energy market stays soft with abundant capacity, benign losses: WTW
Although loss activity and macroeconomic volatility could slow softening in the near term, market lacks a clear catalyst for correction, broker says.
Asia’s energy market stays soft with abundant capacity, benign losses: WTW
Although loss activity and macroeconomic volatility could slow softening in the near term, market lacks a clear catalyst for correction, broker says.
Although loss activity and macroeconomic volatility could slow softening in the near term, market lacks a clear catalyst for correction, broker says.
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Hong Kong-based specialist broker Alea secures French intermediary licence
Healthcare and employee benefits broker also opens a Paris office.
Hong Kong-based specialist broker Alea secures French intermediary licence
Healthcare and employee benefits broker also opens a Paris office.
Healthcare and employee benefits broker also opens a Paris office.
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Australia’s Community Broker Network confirms leadership appointments
Firm promotes Elise Pedersen to general manager for subsidiaries and associates and appoints Ewan Thompson as general manager for partners.
Australia’s Community Broker Network confirms leadership appointments
Firm promotes Elise Pedersen to general manager for subsidiaries and associates and appoints Ewan Thompson as general manager for partners.
Firm promotes Elise Pedersen to general manager for subsidiaries and associates and appoints Ewan Thompson as general manager for partners.
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Aon Reinsurance Solutions hands Daniel England extended role as APAC head of casualty treaty
England, who will remain in Japan, retains his role as head of casualty and cyber treaty in Japan.
Aon Reinsurance Solutions hands Daniel England extended role as APAC head of casualty treaty
England, who will remain in Japan, retains his role as head of casualty and cyber treaty in Japan.
England, who will remain in Japan, retains his role as head of casualty and cyber treaty in Japan.
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Geopolitics, cyber threats, climate perils test Asian marine insurers: QBE
Marine insurers in Asia face rising risks from extreme weather, cyber threats, geopolitical tensions, and manpower shortages, according to a new QBE report.
Geopolitics, cyber threats, climate perils test Asian marine insurers: QBE
Marine insurers in Asia face rising risks from extreme weather, cyber threats, geopolitical tensions, and manpower shortages, according to a new QBE report.
Marine insurers in Asia face rising risks from extreme weather, cyber threats, geopolitical tensions, and manpower shortages, according to a new QBE report.
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Tokio Marine Management Australasia names new Japan business department head
Satoshi Asano replaces Naoto Ishizuka, who is heading back to Tokio Marine Group in Japan after four years in the role.
Tokio Marine Management Australasia names new Japan business department head
Satoshi Asano replaces Naoto Ishizuka, who is heading back to Tokio Marine Group in Japan after four years in the role.
Satoshi Asano replaces Naoto Ishizuka, who is heading back to Tokio Marine Group in Japan after four years in the role.
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Cyber risks more than an IT issue for marine insurers, even as Strait of Hormuz rates remain ‘prohibitive’
Cyber risks have evolved from an IT issue into a physical threat for marine insurers, yet remain caught in a coverage gap as Strait of Hormuz rates stay 'prohibitive', Lockton's regional marine heads Sung Wook Han and Derek Shum tell InsuranceAsia News.
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APAC timber insurance market set for sustained growth, with mass timber projects to the fore
APAC's timber and lumber insurance market is set for 7.2% growth to 2030, driven by a US$63bn regional sector and a green building boom – but while insurers are increasing capacity, they are applying tighter guidelines.
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As Blueprint Two heads off into the sunset, what next for Lloyd’s transformation?
After US$600m spent and multiple delays over 30 years - and now a formal 'sunsetting' of its big-bang reform - industry insiders ponder what happens next with the market looking to move forward.
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Insurers face complex, fast-moving risk landscape as fragile ceasefire throws Strait of Hormuz into turmoil
Iran says vessels that attempt to transit the key waterway without permission 'will be destroyed' despite the US announcing a two-week ceasefire.
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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‘Essential to diversify’: Taiping Re looks beyond property cat as market softens, doubles down on Hong Kong, health
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‘Bigger than an industrial revolution’: Australian MGA Kaibridge eyes growth with AI-native platform
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‘A huge way to go in Asia’: region still land of opportunity, excitement, TMK Asia chief says
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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
M&A
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IAG’s RACI acquisition moves to phase two ACCC investigation
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Australia’s new merger control regime makes ‘positive start’, regulator says
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JKL Partners to relaunch Lotte Non-life sale: report
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Specialist risk adviser Continuum forms strategic partnership with Hong Kong-based broker Freed Capital
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McLardy McShane forms partnership with West Rock Insurance Brokers
ESG
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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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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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A soft market presents organisations with opportunities to strengthen resilience, although the abundance of capacity is unlikely to persist.
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Gallagher Re’s Mark O’Brien joins MGA XS Global Asia Pacific
O'Brien, who had stepped down as APAC head of the reinsurance broker earlier this year, will write treaty reinsurance.
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Swiss Re appoints Devpriya Misra as APAC head of credit and surety reinsurance
He has been with Swiss Re since 2009.
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Sompo taps Everest underwriters to drive Australia growth
Arthur Constantinou has been appointed head of energy and construction, Josh Luk head of financial lines, Matt O'Brien head of casualty and Andrew Lester head of property.
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Australia’s Community Broker Network confirms leadership appointments
Firm promotes Elise Pedersen to general manager for subsidiaries and associates and appoints Ewan Thompson as general manager for partners.
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Aon Reinsurance Solutions hands Daniel England extended role as APAC head of casualty treaty
England, who will remain in Japan, retains his role as head of casualty and cyber treaty in Japan.
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Tokio Marine Management Australasia names new Japan business department head
Satoshi Asano replaces Naoto Ishizuka, who is heading back to Tokio Marine Group in Japan after four years in the role.
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Didier Bélot appointed Marsh Risk Asia’s head of industry
Singapore-based Belot was previously at Swiss Re Corporate Solution for 11 years, most recently as head of Southeast Asia between December 2017 and August.
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Digbijoy Shukla succeeds Roopa Malhotra as Zurich’s APAC head of digital
Malhotra takes on the role of chief growth and propositions officer at Zurich Japan.
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Rare Earth Insurance revamps leadership across Asia, Europe
Firm promote Wang Wei to APAC chairman, with Candace Chan leading Hong Kong and Taiwan as CEO, Mark Gu as China CEO, and Martin Ham as chief executive for the UK and Europe.
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Sompo bolsters Australia underwriting team in major expansion drive
Paul O’Neill will lead a newly expanded team of underwriters across its Sydney and Melbourne offices.
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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.
Essential to diversify in a softer market cycle: Taiping Re’s Sheldon Yu
Sheldon Yu, Taiping Re CEO, talks to InsuranceAsia News about the outlook for the Asia Pacific reinsurance market in 2026.
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.
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