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‘A lot of hunger to grow’: strong reinsurer results drive further softening in APAC, Howden Re’s Andy Souter says
Reinsurers face growing pressure to improve terms and offer innovative structures at 1.1 renewals amid intense competition, according to the broker’s APAC head tells InsuranceAsia News.
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Siew Choo Tan to succeed Ivan Chan as Helvetia Asia CEO
Chan, who held the role for the last nine years, will transition into the role of senior adviser 'for a defined period during the handover phase,' also effective from January 1.
Siew Choo Tan to succeed Ivan Chan as Helvetia Asia CEO
Chan, who held the role for the last nine years, will transition into the role of senior adviser 'for a defined period during the handover phase,' also effective from January 1.
Chan, who held the role for the last nine years, will transition into the role of senior adviser 'for a defined period during the handover phase,' also effective from January 1.
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Gallagher Australia hires John Mutton to lead affinity business
Mutton will start early 2027 and report to Alex Lumby, the broker’s Australia CEO.
Gallagher Australia hires John Mutton to lead affinity business
Mutton will start early 2027 and report to Alex Lumby, the broker’s Australia CEO.
Mutton will start early 2027 and report to Alex Lumby, the broker’s Australia CEO.
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Australia’s cyclone pool cuts up to 37% of home insurance premiums in high-risk areas
Premiums have continued to rise in lower-risk areas, consistent with broader movements in the home insurance market, according to the Australian Reinsurance Pool Corporation.
Australia’s cyclone pool cuts up to 37% of home insurance premiums in high-risk areas
Premiums have continued to rise in lower-risk areas, consistent with broader movements in the home insurance market, according to the Australian Reinsurance Pool Corporation.
Premiums have continued to rise in lower-risk areas, consistent with broader movements in the home insurance market, according to the Australian Reinsurance Pool Corporation.
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Cara Fitzpatrick joins HDI Global as senior claims adjuster
She previously held senior claims roles at Berkshire Hathaway Specialty Insurance, Axa XL and AIG.
Cara Fitzpatrick joins HDI Global as senior claims adjuster
She previously held senior claims roles at Berkshire Hathaway Specialty Insurance, Axa XL and AIG.
She previously held senior claims roles at Berkshire Hathaway Specialty Insurance, Axa XL and AIG.
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Ergo Insurance appoints Prasirt Rerkumnuaychok as chief distribution officer
Bangkok-based Rerkumnuaychok joins with more than 20 years of industry experience, including over five years at AIG Thailand as chief agency officer.
Ergo Insurance appoints Prasirt Rerkumnuaychok as chief distribution officer
Bangkok-based Rerkumnuaychok joins with more than 20 years of industry experience, including over five years at AIG Thailand as chief agency officer.
Bangkok-based Rerkumnuaychok joins with more than 20 years of industry experience, including over five years at AIG Thailand as chief agency officer.
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CyberCube adds Sompo Japan to growing APAC client base
The APAC region is at the heart of CyberCube's growth plans over the coming years.
CyberCube adds Sompo Japan to growing APAC client base
The APAC region is at the heart of CyberCube's growth plans over the coming years.
The APAC region is at the heart of CyberCube's growth plans over the coming years.
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‘Full-circle moment’ as Kathleen Warden returns to Chubb as head of ANZ P&C
She is a well known name in Australia's insurance industry, having previously served as CEO of AIG Australia.
‘Full-circle moment’ as Kathleen Warden returns to Chubb as head of ANZ P&C
She is a well known name in Australia's insurance industry, having previously served as CEO of AIG Australia.
She is a well known name in Australia's insurance industry, having previously served as CEO of AIG Australia.
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Exclusive: MG Geraghty hires Howden’s Phil Steel as head of business development
Steel, who starts his new role on Tuesday, was previously an associate director at Howden Hong Kong.
Exclusive: MG Geraghty hires Howden’s Phil Steel as head of business development
Steel, who starts his new role on Tuesday, was previously an associate director at Howden Hong Kong.
Steel, who starts his new role on Tuesday, was previously an associate director at Howden Hong Kong.
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Specialist Risk Group Australia adds Simon McMahon to credit, political risk team
Sydney-based McMahon joins as a partner from Aon, where he was part of the structured credit and surety solutions team.
Specialist Risk Group Australia adds Simon McMahon to credit, political risk team
Sydney-based McMahon joins as a partner from Aon, where he was part of the structured credit and surety solutions team.
Sydney-based McMahon joins as a partner from Aon, where he was part of the structured credit and surety solutions team.
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Marsh hires Sulav Saha as head of digital for Pacific region
He was previously with Aon for more than five years.
Marsh hires Sulav Saha as head of digital for Pacific region
He was previously with Aon for more than five years.
He was previously with Aon for more than five years.
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Tysers confirms William Furness-Smith as Singapore CEO
He has been confirmed as the permanent successor to Babita Rai following approval from the Monetary Authority of Singapore.
Tysers confirms William Furness-Smith as Singapore CEO
He has been confirmed as the permanent successor to Babita Rai following approval from the Monetary Authority of Singapore.
He has been confirmed as the permanent successor to Babita Rai following approval from the Monetary Authority of Singapore.
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Australian insurance brokers’ new 2027 code of practice doubles renewal notice, opens up fee disclosure
New code, which takes effect on January 1, has grown from 12 sections to 14.
Australian insurance brokers’ new 2027 code of practice doubles renewal notice, opens up fee disclosure
New code, which takes effect on January 1, has grown from 12 sections to 14.
New code, which takes effect on January 1, has grown from 12 sections to 14.
Popular posts:
- Gallagher Specialty eyes Hong Kong, South Korea, Thailand as it bids to be ‘market disruptor’
- Singapore-flagged container vessel sunk in Strait of Hormuz ‘matter for war risk underwriters’, West says
- Marsh to pay largest share of US$800m Credit Suisse Greensill settlement: FT
- Riyadh attacks test aviation insurers’ appetite for Middle East risk
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Riyadh attacks test aviation insurers’ appetite for Middle East risk
Insurers weigh continued support for aviation clients against escalating war risks after Houthi attacks on Riyadh's King Khalid International Airport destroy six aircraft and threaten Saudi airspace.
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‘Real step forward’ for Asian ILS as Hong Kong, Singapore eye PCCs
Arrival of protected cell companies (PCC) in Hong Kong and Singapore is set to drive the growth of third-party capital in the region, according to market sources.
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‘Sense of fatalism’ abounds over assessment of impact of conflict on supply chains
The market struggles to innovate on supply chain contingent business interruption and to quantify manufacturing network and financial contagion risk, Russell Group’s Suki Basi says.
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Insurers urged to step up as risk managers confront ‘flock of black swans’
With companies demanding ever more from their risk managers, demand at the Ferma Forum was for insurance partners to deliver more than they currently do.
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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Gallagher Specialty eyes Hong Kong, South Korea, Thailand as it bids to be ‘market disruptor’
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The Hartford targets APAC growth with Singapore energy launch in Q1 2027
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‘Many don’t appreciate what can go wrong’: bloodstock insurance finds its footing in North Asia
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Asia emerges as international programs hub as regional firms centralise risk management: HDI Global
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‘Good times’ for India’s reinsurance buyers despite rising El Nino climate risk: Edme’s Vinod Krishnan
M&A
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Japan’s MS&AD considering deal for Malaysian insurer LPI Capital: Bloomberg
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IAG offers to trade NRMA Western Australia renewal rights for RACI deal approval
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Shinhan Financial agrees US$516m deal for controlling stake in Lotte Insurance
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FWD to re-enter P&C with 25% stake in bolttech Hong Kong for US$21m
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Australia’s competition tribunal halts IAG-RACI appeal pending ACCC public benefit ruling
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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Planning for future conditions from the outset can improve operational reliability, reduce potential disruption and protect long-term asset value.
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Captive insurance has evolved from niche tool to strategic risk infrastructure in Asia, with connected claims data seen as key to unlocking its full value.
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Are insurers capturing full value from the asset class? BlackRock shares its perspective.
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Siew Choo Tan to succeed Ivan Chan as Helvetia Asia CEO
Chan, who held the role for the last nine years, will transition into the role of senior adviser 'for a defined period during the handover phase,' also effective from January 1.
-
Gallagher Australia hires John Mutton to lead affinity business
Mutton will start early 2027 and report to Alex Lumby, the broker’s Australia CEO.
-
Cara Fitzpatrick joins HDI Global as senior claims adjuster
She previously held senior claims roles at Berkshire Hathaway Specialty Insurance, Axa XL and AIG.
-
Ergo Insurance appoints Prasirt Rerkumnuaychok as chief distribution officer
Bangkok-based Rerkumnuaychok joins with more than 20 years of industry experience, including over five years at AIG Thailand as chief agency officer.
-
‘Full-circle moment’ as Kathleen Warden returns to Chubb as head of ANZ P&C
She is a well known name in Australia's insurance industry, having previously served as CEO of AIG Australia.
-
Specialist Risk Group Australia adds Simon McMahon to credit, political risk team
Sydney-based McMahon joins as a partner from Aon, where he was part of the structured credit and surety solutions team.
-
Marsh hires Sulav Saha as head of digital for Pacific region
He was previously with Aon for more than five years.
-
Tysers confirms William Furness-Smith as Singapore CEO
He has been confirmed as the permanent successor to Babita Rai following approval from the Monetary Authority of Singapore.
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Markel hires Ray Lei as greater China product proposition lead
She joins after more than a decade at Axa in Hong Kong.
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Kiwi broker Donaldson Brown promotes Jared Sun to head of financial lines
He has over 10 years of insurance experience, including four years with Donaldson Brown, where he was most recently a risk adviser for financial lines.
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Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services
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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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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.
No change, but headwinds remain ahead of 1.1 renewals: Howden Re’s Andy Souter
Andy Souter, head of APAC at Howden Re, speaks to InsuranceAsia News about the broker’s expectations for the coming 1.1 renewals, and Howden Re’s growth ambitions in the region.
Asia domiciled sidecars show ‘untapped potential’ for reinsurers: MS Amlin’s William Ho
William Ho, CEO of Asia Pacific at MS Amlin in Singapore, tells InsuranceAsia News about the Lloyd’s carrier's plans to expand its ILS program in 2027 and opportunities for third-party capital innovation in the region.
Fire losses: "Having given evidence that played a key role in the court's assessment, I believe the court’s reasoning holds a clear lesson for insurers and claims professionals across the region: early evidence capture is critical in complex fire losses."
Anand Ghnavello, Halliwell