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Howden, Marsh, Gallagher Re, Price Forbes: 16 APAC insurance people moves of the week
Allianz Commercial, Sompo, Pinnacle Underwriting, Allianz Trade, QBE, Mapfre Re, Salt Marine Risks, Niyam Group, HDI Global, Berkley Insurance, Aon and Tower also made personnel changes over the last week.
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Hong Kong general insurance Q1 gross premiums up 12.5% to US$4.5bn: HKIA
Growth was driven mainly by onshore direct A&H business and offshore reinsurance property damage business, Hong Kong's Insurance Authority says.
Hong Kong general insurance Q1 gross premiums up 12.5% to US$4.5bn: HKIA
Growth was driven mainly by onshore direct A&H business and offshore reinsurance property damage business, Hong Kong's Insurance Authority says.
Growth was driven mainly by onshore direct A&H business and offshore reinsurance property damage business, Hong Kong's Insurance Authority says.
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Shinhan Financial eyes non-life acquisition, confirms Lotte Non-Life interest
CFO Jang Jeong-hun says the Korean financial services group is reviewing various assets in addition to Lotte Non-Life Insurance.
Shinhan Financial eyes non-life acquisition, confirms Lotte Non-Life interest
CFO Jang Jeong-hun says the Korean financial services group is reviewing various assets in addition to Lotte Non-Life Insurance.
CFO Jang Jeong-hun says the Korean financial services group is reviewing various assets in addition to Lotte Non-Life Insurance.
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Berkley Insurance Asia names Shivi Bhutani as liability lines underwriter in Gift City
Before joining Berkley, she worked as a liability underwriter at ICICI Lombard.
Berkley Insurance Asia names Shivi Bhutani as liability lines underwriter in Gift City
Before joining Berkley, she worked as a liability underwriter at ICICI Lombard.
Before joining Berkley, she worked as a liability underwriter at ICICI Lombard.
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HDI Global hires Byron Ernst as power and energy underwriter in Sydney
He was most recently an energy underwriter at QBE, having also worked for Chubb, Chase Underwriting and Strata Community Insurance.
HDI Global hires Byron Ernst as power and energy underwriter in Sydney
He was most recently an energy underwriter at QBE, having also worked for Chubb, Chase Underwriting and Strata Community Insurance.
He was most recently an energy underwriter at QBE, having also worked for Chubb, Chase Underwriting and Strata Community Insurance.
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Opinion: Gargantuan data centres present one of the greatest opportunities for premium income in a generation
Fire-prone, water-guzzling, and tornado-vulnerable, these city-sized new builds - with their vast power demands - highlight a step-change in risk.
Opinion: Gargantuan data centres present one of the greatest opportunities for premium income in a generation
Fire-prone, water-guzzling, and tornado-vulnerable, these city-sized new builds - with their vast power demands - highlight a step-change in risk.
Fire-prone, water-guzzling, and tornado-vulnerable, these city-sized new builds - with their vast power demands - highlight a step-change in risk.
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Allianz strikes US$2.1bn deal for HSBC Life Singapore
Insurer will also enter into a 15-year exclusive distribution partnership with HSBC Singapore.
Allianz strikes US$2.1bn deal for HSBC Life Singapore
Insurer will also enter into a 15-year exclusive distribution partnership with HSBC Singapore.
Insurer will also enter into a 15-year exclusive distribution partnership with HSBC Singapore.
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New LMA clause voids cover for ships paying Strait of Hormuz transit fees
Clause was developed in response to concerns about applicable sanctions and terrorism legislation.
New LMA clause voids cover for ships paying Strait of Hormuz transit fees
Clause was developed in response to concerns about applicable sanctions and terrorism legislation.
Clause was developed in response to concerns about applicable sanctions and terrorism legislation.
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John McLean rejoins QBE as senior claims officer
Sydney-based McLean previously spent nearly 12 years with QBE in claims officer roles between 2007 and 2019.
John McLean rejoins QBE as senior claims officer
Sydney-based McLean previously spent nearly 12 years with QBE in claims officer roles between 2007 and 2019.
Sydney-based McLean previously spent nearly 12 years with QBE in claims officer roles between 2007 and 2019.
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Australia motor body calls out IAG’s ‘fig leaf’ remedy, urges ACCC to block RAC acquisition
IAG made a remedy offer in July to secure approval for its US$970m acquisition of the Royal Automobile Club of Western Australia’s insurance business.
Australia motor body calls out IAG’s ‘fig leaf’ remedy, urges ACCC to block RAC acquisition
IAG made a remedy offer in July to secure approval for its US$970m acquisition of the Royal Automobile Club of Western Australia’s insurance business.
IAG made a remedy offer in July to secure approval for its US$970m acquisition of the Royal Automobile Club of Western Australia’s insurance business.
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Indonesia’s Asei downgraded to BB+ by Fitch on capital strain, loss pressures
Weak capitalisation, reserve adjustments and credit insurance risks weigh as insurer works on recovery plan.
Indonesia’s Asei downgraded to BB+ by Fitch on capital strain, loss pressures
Weak capitalisation, reserve adjustments and credit insurance risks weigh as insurer works on recovery plan.
Weak capitalisation, reserve adjustments and credit insurance risks weigh as insurer works on recovery plan.
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Asia insurance rates decline 5% in Q2, led by cyber: Marsh
Property insurance rates fell by 5%, while casualty insurance rates declined by 3% and cyber insurance rates decreased by 8%.
Asia insurance rates decline 5% in Q2, led by cyber: Marsh
Property insurance rates fell by 5%, while casualty insurance rates declined by 3% and cyber insurance rates decreased by 8%.
Property insurance rates fell by 5%, while casualty insurance rates declined by 3% and cyber insurance rates decreased by 8%.
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Pacific insurance rates drop 13% in Q2, led by property: Marsh
Region saw the steepest decline in rates globally for a second quarter running, according to Marsh’s Global Insurance Market Index.
Pacific insurance rates drop 13% in Q2, led by property: Marsh
Region saw the steepest decline in rates globally for a second quarter running, according to Marsh’s Global Insurance Market Index.
Region saw the steepest decline in rates globally for a second quarter running, according to Marsh’s Global Insurance Market Index.
Popular posts:
- Marsh expands US$2.7bn data centre construction insurance facility to Asia
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- John Neal’s conduct ‘fell significantly below standards’, Lloyd’s finds
- Coupang warehouse fire could trigger up to US$590m in insured losses: reports
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‘Climate risk is becoming structural’: El Nino amplifies APAC protection gap as insurers shift to climate-informed models
Low insurance penetration, correlated weather losses and supply-chain stress are turning APAC's agricultural protection gap into a growing portfolio risk, industry insiders tell InsuranceAsia News.
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Trade credit insurance seen as vital shield as global cash collection cycle stalls at ‘high plateau’
As the global cash conversion cycle lingers near decade-high levels, trade credit insurance is becoming an essential tool for businesses navigating supplier insolvency, supply chain disruptions, and new-market expansion.
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‘Super’ El Nino threatens to leave under-insured Asia behind the curve: Munich Re’s Hitesh Kotak
Regional CEO tells InsuranceAsia News' Between the Lines podcast that Asia's 88% insurance gap is 'complacent', while he also discusses AI liability, data centre risks, and what is next after 1.7 renewals.
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APAC (re)insurers poised to seize AI chip opportunity – yet data gaps, cat risks, and a capacity squeeze loom
Surging AI-driven semiconductor investment across Asia brings billion-dollar opportunities – and major underwriting headaches.
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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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
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AI rollout, war impacts to drive specialty innovation in greater China: Markel’s Chelsea Jiang
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Hong Kong’s first virtual insurer eyes Malaysia-led Southeast Asia push after hitting ‘critical’ US$100m revenue milestone
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‘Forerunners in the unforeseeable’: Knightcorp challenges the status quo in Australia’s consolidated insurance market
M&A
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Shinhan Financial eyes non-life acquisition, confirms Lotte Non-Life interest
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Allianz strikes US$2.1bn deal for HSBC Life Singapore
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Blackstone teams up with ex-HDFC Ergo CEO Anuj Tyagi for India general insurance venture
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Sompo to acquire Brazilian insurer Fator Seguradora
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Australia’s M&A rules becomes DNA of dealmaking as cross-border execution risk rises
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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Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models.
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Unlike acute illnesses, dementia creates a long tail of financial need and its impact extends well beyond patients.
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Berkley Insurance Asia names Shivi Bhutani as liability lines underwriter in Gift City
Before joining Berkley, she worked as a liability underwriter at ICICI Lombard.
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HDI Global hires Byron Ernst as power and energy underwriter in Sydney
He was most recently an energy underwriter at QBE, having also worked for Chubb, Chase Underwriting and Strata Community Insurance.
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John McLean rejoins QBE as senior claims officer
Sydney-based McLean previously spent nearly 12 years with QBE in claims officer roles between 2007 and 2019.
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Price Forbes Singapore appoints Craig McCoig-Lees as head of casualty MGA
McCoig-Lees, who joins from Howden Re, will be responsible for expanding Price Forbes Re’s MGA proposition.
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Niyam Group names Prathemesh Apte as director of risk and compliance
He joins the India-focused reinsurance start-up from Bajaj General Insurance.
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Allianz Commercial names Davinder Panesar as ART business development, underwriting leader for APAC
He will relocate to Singapore from Allianz Commercial in London, where he currently underwrites global captive fronting transactions.
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Allianz Trade promotes Daf Owen to Asia Pacific role to accelerate surety growth
Owen will relocate from Brisbane to Hong Kong and report to Chris Markesteijn, regional head of surety and guarantees for Asia Pacific.
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Mapfre Re India appoints Supreeth TK as non-life treaty underwriter at Gift City
He was most recently assistant vice president, focusing on cat and non-cat treaty at Swiss Re.
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Howden names Elizabeth Antoine to lead new aviation practice in Australia
She has been appointed as a partner having most recently served as a client manager for Gallagher Aviation since January 2021.
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Pinnacle Underwriting taps James Kyte as casualty, financial lines head for ANZ
He joins the Australian fac specialist MGA from Hannover Re, where he was a senior underwriter for cyber and facultative casualty for Australasia.
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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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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.
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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.
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