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30 years after Kobe earthquake, Japan seeks to improve data amid ‘megaquake’ warning
Space agency signs deal to estimate extent of damage to buildings caused by earthquakes using high-definition satellite images.
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Seoul Guarantee revives listing plan, files for up to US$155m IPO
The Korean surety and credit insurer plans to list in March and its parent KDIC will sell a 10% stake.
Seoul Guarantee revives listing plan, files for up to US$155m IPO
The Korean surety and credit insurer plans to list in March and its parent KDIC will sell a 10% stake.
The Korean surety and credit insurer plans to list in March and its parent KDIC will sell a 10% stake.
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Axa XL, Lockton, WTW, Tower: 10 APAC insurance people moves of the week
Aon, AIG, Price Forbes, MSIG Thailand, Crawford and Zurich Kotak also made personnel changes over the last week.
Axa XL, Lockton, WTW, Tower: 10 APAC insurance people moves of the week
Aon, AIG, Price Forbes, MSIG Thailand, Crawford and Zurich Kotak also made personnel changes over the last week.
Aon, AIG, Price Forbes, MSIG Thailand, Crawford and Zurich Kotak also made personnel changes over the last week.
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AIG names Mark Chen as head of marine for Taiwan
Appointment is in addition to his current portfolio as head of client and broker engagement.
AIG names Mark Chen as head of marine for Taiwan
Appointment is in addition to his current portfolio as head of client and broker engagement.
Appointment is in addition to his current portfolio as head of client and broker engagement.
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MSIG Asia and RiskPoint expand into renewable energy for APAC
The Monetary Authority of Singapore has approved RiskPoint as MSIG Singapore’s MGA for the line of business.
MSIG Asia and RiskPoint expand into renewable energy for APAC
The Monetary Authority of Singapore has approved RiskPoint as MSIG Singapore’s MGA for the line of business.
The Monetary Authority of Singapore has approved RiskPoint as MSIG Singapore’s MGA for the line of business.
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Aon launches India life and health reinsurance practice, appoints Renuka Nar as head
Broker also appoints Neha Shah as the practice’s chief actuary.
Aon launches India life and health reinsurance practice, appoints Renuka Nar as head
Broker also appoints Neha Shah as the practice’s chief actuary.
Broker also appoints Neha Shah as the practice’s chief actuary.
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Gard expands Japan product portfolio with marine & energy risks
The P&I club will offer hull and machinery, war risk and loss of hire covers as well as builders’ risk to shipyards and offshore wind risk.
Gard expands Japan product portfolio with marine & energy risks
The P&I club will offer hull and machinery, war risk and loss of hire covers as well as builders’ risk to shipyards and offshore wind risk.
The P&I club will offer hull and machinery, war risk and loss of hire covers as well as builders’ risk to shipyards and offshore wind risk.
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Zurich Kotak appoints Nimesh Jayanti Kanabar as CRO
Industry veteran joins firm from domestic peer Zuno General Insurance.
Zurich Kotak appoints Nimesh Jayanti Kanabar as CRO
Industry veteran joins firm from domestic peer Zuno General Insurance.
Industry veteran joins firm from domestic peer Zuno General Insurance.
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Tower names Paul Johnston as interim CEO
Johnston, who was most recently CFO for the New Zealand carrier, will succeed incumbent CEO Blair Turnbull effective from February 13.
Tower names Paul Johnston as interim CEO
Johnston, who was most recently CFO for the New Zealand carrier, will succeed incumbent CEO Blair Turnbull effective from February 13.
Johnston, who was most recently CFO for the New Zealand carrier, will succeed incumbent CEO Blair Turnbull effective from February 13.
Popular posts:
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With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
With environmental, social and governance (ESG) back in the spotlight in the first week of the new US presidency, market experts say clients are demanding liability cover amid an ever-changing regional landscape.
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With US$100bn losses now the norm, rising attachment points create new dynamic for cat programs
Scale of nat cat losses needed to turn the market continues to rise as structural changes in reinsurance programs bed in across Asia Pacific.
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While trade war threat looms for Asia, climate risk needs more than insurance: industry leaders
Marsh McLennan’s Carolina Klint says Asia is particularly exposed given its role in the world’s manufacture of goods.
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California fire losses for Japan’s big 3, Korea’s DB Insurance likely to top US$600m
Tokio Marine Holdings, MS&AD Insurance Group and Sompo Holdings could see claims of up to US$575m, according to media reports, while DB Insurance has estimated US$41m.
Spotlight
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Swiss Re CorSo bets on international programs, ART to differentiate: Ivan Gonzalez
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Renewable energy transition strategic focus in Asia, Charles Taylor says
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WRMS’ SecuRisk tackles data and distribution hurdles to enhance climate resilience
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Crawford charts out renewable plans as they look to Asian hubs
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Pricing, deductibles and wordings under pressure in Australian financial lines market
M&A
ESG
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With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
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Carbon projects a global opportunity for insurers, but grey area remains
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Energy transition needs pragmatism over good intentions, says WTW’s Au
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Asian carriers must expand on renewables as climate losses exceed fossil fuels GWP
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MS&AD reports 18% reduction in greenhouse gas emissions
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Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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AIG names Mark Chen as head of marine for Taiwan
Appointment is in addition to his current portfolio as head of client and broker engagement.
-
Aon launches India life and health reinsurance practice, appoints Renuka Nar as head
Broker also appoints Neha Shah as the practice’s chief actuary.
-
Zurich Kotak appoints Nimesh Jayanti Kanabar as CRO
Industry veteran joins firm from domestic peer Zuno General Insurance.
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Tower names Paul Johnston as interim CEO
Johnston, who was most recently CFO for the New Zealand carrier, will succeed incumbent CEO Blair Turnbull effective from February 13.
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India’s Zurich Kotak appoints Sutikshan Mishra as financial institutions group head
Mishra joins firm from health insurer Star Health and Allied Insurance, where he was business head for bancassurance sales and strategic alliances.
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WTW hands Tushar Gupta expanded finex role in India
Mumbai-based Gupta will retain his current role as head of financial institutions for South-East Asia and India for the CRB business.
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Exclusive: Axa XL Asia set for leadership change as Gilles Fromageot joins international markets team
Fromageot will head Morocco and the CIMA region for the insurer and will be based in Morocco, InsuranceAsia News (IAN) understands.
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Price Forbes Singapore adds energy specialism with senior Aon hire
Ardonagh Group-owned specialty broker appoints Alex Davies as director of power, downstream and renewables.
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Crawford Australia expands large, complex claims offering with new hire
Simon Davies joins from rival McLarens, and will assume the role of executive adjuster.
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Peeravut Sukho returns to MSIG Thailand as senior vice president for business development
Bangkok-based Sukho will lead the carrier's business development team for broker and bancassurance partners, direct, affinity and digital distribution channels.
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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.
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Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
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Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results
While overall GWP growth in both cities were similar, the Lion City's primary insurers saw significant growth in 2023 compared with peers in the SAR, data from the cities’ regulators show.
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Australian GI brokers see 22% growth in 2023
The GWP placed by the country's brokers with Lloyd’s underwriters in 2023 more than doubled to US$5.75bn, APRA data for last year shows.
Construction market insurance trends in Asia
Vincent Banton, Head of Construction & Infrastructure, Asia at Aon
Managing health portfolios in South-East Asia
Dr Kumud Bordoloi, Head of A&H at Peak Re
Empowering Women in Asia's Insurance Sector
Jacquelyn Goh, Senior Vice President, Country Head Singapore and Head of Asia Pacific Distribution at Allied WorldIndustry insights and in-depth analysis
Our reports take deep dives into a variety of themes with comments from leading practitioners, data and proprietary analytics. Keep on top of the latest market trends and discover opportunities with our reports.
2004 tsunami: "Memories of the tsunami are painful; they prompt us to reflect on the steps we have taken – and how far we must go – to build the region’s resilience to disasters of this scale in future."
Victor Kuk, Swiss Re