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Hong Kong posts strong gross premiums in 2025, but P&C underwriting profits hit by Wang Fuk Court
Underwriting profits in Hong Kong's onshore property damage business fell last year by 97.2% due to reserving and losses arising from the Wang Fuk Court tragedy in November.
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Gallagher Re, PartnerRe, Swiss Re, Willis: 9 APAC insurance people moves of the week
Newline, Aon, bolttech, PSC Insurance Brokers and Chubb also made personnel changes over the last week.
Gallagher Re, PartnerRe, Swiss Re, Willis: 9 APAC insurance people moves of the week
Newline, Aon, bolttech, PSC Insurance Brokers and Chubb also made personnel changes over the last week.
Newline, Aon, bolttech, PSC Insurance Brokers and Chubb also made personnel changes over the last week.
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Suncorp purchases US$1.7bn aggregate reinsurance cover, forecasts 3% GWP growth for FY26
Commencing on June 30, the five-year aggregate reinsurance agreement has an attachment point of US$1.3bn in FY27.
Suncorp purchases US$1.7bn aggregate reinsurance cover, forecasts 3% GWP growth for FY26
Commencing on June 30, the five-year aggregate reinsurance agreement has an attachment point of US$1.3bn in FY27.
Commencing on June 30, the five-year aggregate reinsurance agreement has an attachment point of US$1.3bn in FY27.
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With 85% of Lloyd’s business global, London seeks international access in the face of new regulatory regimes
From the UK to Asia Pacific, London's insurance market steps up its fight for a level playing field amid rapidly shifting regulatory regimes.
With 85% of Lloyd’s business global, London seeks international access in the face of new regulatory regimes
From the UK to Asia Pacific, London's insurance market steps up its fight for a level playing field amid rapidly shifting regulatory regimes.
From the UK to Asia Pacific, London's insurance market steps up its fight for a level playing field amid rapidly shifting regulatory regimes.
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Newline promotes Jack Rowsell to underwriter within Australia liability team
He has been with Newline for over nine years, having joined as an assistant underwriter in June 2016.
Newline promotes Jack Rowsell to underwriter within Australia liability team
He has been with Newline for over nine years, having joined as an assistant underwriter in June 2016.
He has been with Newline for over nine years, having joined as an assistant underwriter in June 2016.
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Willis appoints Scott Kirkwood as Pacific head of natural resources
Brisbane-based Kirkwood will strengthen Willis' mining business, while further expanding into adjacent segments, including power and renewable energy.
Willis appoints Scott Kirkwood as Pacific head of natural resources
Brisbane-based Kirkwood will strengthen Willis' mining business, while further expanding into adjacent segments, including power and renewable energy.
Brisbane-based Kirkwood will strengthen Willis' mining business, while further expanding into adjacent segments, including power and renewable energy.
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Fundamentals’ driving APAC’s asset-intensive reinsurance growth, with ample runway ahead: Aon
Pierre Vende, Aon’s co-head of Asia Pacific life and health reinsurance, tells InsuranceAsia News that while Japan is by far the biggest market, Hong Kong and South Korea are particularly ripe for the growth of asset-intensive reinsurance.
Fundamentals’ driving APAC’s asset-intensive reinsurance growth, with ample runway ahead: Aon
Pierre Vende, Aon’s co-head of Asia Pacific life and health reinsurance, tells InsuranceAsia News that while Japan is by far the biggest market, Hong Kong and South Korea are particularly ripe for the growth of asset-intensive reinsurance.
Pierre Vende, Aon’s co-head of Asia Pacific life and health reinsurance, tells InsuranceAsia News that while Japan is by far the biggest market, Hong Kong and South Korea are particularly ripe for the growth of asset-intensive reinsurance.
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PartnerRe hands APAC trio new leadership roles, with regional CEO James Beedle to retire
Reinsurer names Sasa Hu as APAC P&C CEO, David Xu as APAC P&C CUO, and John Mok as CEO for Partner Reinsurance Asia.
PartnerRe hands APAC trio new leadership roles, with regional CEO James Beedle to retire
Reinsurer names Sasa Hu as APAC P&C CEO, David Xu as APAC P&C CUO, and John Mok as CEO for Partner Reinsurance Asia.
Reinsurer names Sasa Hu as APAC P&C CEO, David Xu as APAC P&C CUO, and John Mok as CEO for Partner Reinsurance Asia.
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Seconded employees of Japanese insurers allegedly took Toyota data without permission: report
Acts by Tokio Marine & Nichido Fire, Mitsui Sumitomo and Aioi Nissay Dowa employees could breach privacy and competition laws, according to The Japan Times.
Seconded employees of Japanese insurers allegedly took Toyota data without permission: report
Acts by Tokio Marine & Nichido Fire, Mitsui Sumitomo and Aioi Nissay Dowa employees could breach privacy and competition laws, according to The Japan Times.
Acts by Tokio Marine & Nichido Fire, Mitsui Sumitomo and Aioi Nissay Dowa employees could breach privacy and competition laws, according to The Japan Times.
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Australia’s PSC Insurance Brokers appoints James Thornberry as head of trade credit and surety
Sydney-based Thornberry has more than 25 years of experience in credit insurance, banking and financial services.
Australia’s PSC Insurance Brokers appoints James Thornberry as head of trade credit and surety
Sydney-based Thornberry has more than 25 years of experience in credit insurance, banking and financial services.
Sydney-based Thornberry has more than 25 years of experience in credit insurance, banking and financial services.
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IAG NZ reports over 800 claims from heavy rain, flash flooding in Wellington
Cyclone Vaianu, which occurred less than a week before the new events, also resulted in more than 1,000 claims across home, contents, commercial, motor and boat policies
IAG NZ reports over 800 claims from heavy rain, flash flooding in Wellington
Cyclone Vaianu, which occurred less than a week before the new events, also resulted in more than 1,000 claims across home, contents, commercial, motor and boat policies
Cyclone Vaianu, which occurred less than a week before the new events, also resulted in more than 1,000 claims across home, contents, commercial, motor and boat policies
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Allianz, Jio sign binding deal for 50:50 India insurance JV
Jio Financial Services (JFSL) and Allianz are also working towards a separate binding agreement for life insurance business in India.
Allianz, Jio sign binding deal for 50:50 India insurance JV
Jio Financial Services (JFSL) and Allianz are also working towards a separate binding agreement for life insurance business in India.
Jio Financial Services (JFSL) and Allianz are also working towards a separate binding agreement for life insurance business in India.
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Pacific insurance rates drop 12% in Q1, extending soft market streak to 2 years: Marsh
Region saw the steepest decline in rates globally, according to Marsh’s Global Insurance Market Index.
Pacific insurance rates drop 12% in Q1, extending soft market streak to 2 years: Marsh
Region saw the steepest decline in rates globally, according to Marsh’s Global Insurance Market Index.
Region saw the steepest decline in rates globally, according to Marsh’s Global Insurance Market Index.
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Hong Kong advances ILS frameworks, including sidecars, Bermuda ties: IA chief
Insurance Authority (IA) CEO Clement Cheung tells InsuranceAsia News that Hong Kong will create a regulatory framework 'in the near future', while chairman Stephen Yiu calls for a deeper catastrophe bond ecosystem to attract private capital.
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Insurers must pair AI adoption with stronger cyber resilience, Hong Kong’s regulator warns
Insurance Authority's Tony Chan tells IAN's APAC Cyber Risk and Insurance Summit that Hong Kong's regulator is developing a new AI governance framework to bolster cyber resilience amid rising AI-driven threats.
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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.
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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Fundamentals’ driving APAC’s asset-intensive reinsurance growth, with ample runway ahead: Aon
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‘We’re just getting started’: CyberCube bets on Asia’s cyber insurance gap as the ‘next big frontier’
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Hong Kong marine war risk pool seeks local capacity retention to wean off overseas markets, secure hub status
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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
M&A
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Allianz, Jio sign binding deal for 50:50 India insurance JV
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Envest-backed Blue Zebra rebrands following merger of SGUA, Allstate, Point Insurance
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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
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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Newline promotes Jack Rowsell to underwriter within Australia liability team
He has been with Newline for over nine years, having joined as an assistant underwriter in June 2016.
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Willis appoints Scott Kirkwood as Pacific head of natural resources
Brisbane-based Kirkwood will strengthen Willis' mining business, while further expanding into adjacent segments, including power and renewable energy.
-
PartnerRe hands APAC trio new leadership roles, with regional CEO James Beedle to retire
Reinsurer names Sasa Hu as APAC P&C CEO, David Xu as APAC P&C CUO, and John Mok as CEO for Partner Reinsurance Asia.
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Australia’s PSC Insurance Brokers appoints James Thornberry as head of trade credit and surety
Sydney-based Thornberry has more than 25 years of experience in credit insurance, banking and financial services.
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Newline promotes Rebecca Smith to senior underwriter for Australia PI team
Sydney-based Smith, who has been with the specialty insurer as an underwriter since joining October 2024, will work under head of professional indemnity Nick Beswick.
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Exclusive: Carlos Grijalva to join Gallagher Re as APAC head of cyber
Grijalva, who has been head of Asia cyber sales at Willis since November, is due to join the reinsurance broker in Hong Kong in May.
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bolttech names Kohei Watanabe Japan GM, succeeds new head of business development Akiko Anzai
Japan is a strategically important market for bolttech, APAC CEO Philip Weiner says.
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Swiss Re taps Anna Ziswiler to lead P&C Re across Southeast Asia, India, Hong Kong, Taiwan, South Korea
Singapore-based Ziswiler will start in the role from May 1, reporting to P&C CEO Urs Baertschi.
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Aon New Zealand elevates Michael Twyman to specialty GM
He has been with Aon in New Zealand for over 12 years.
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Chubb Malaysia hires Allanz Singapore’s Ariel Llugdar as head of motor claims
Kuala Lumpur-based Llugdar has more than 30 years of insurance experience, including 10 years at Liberty Singapore and almost 20 years at Argentinian insurer La Caja.
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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.
What’s driving APAC’s asset-intensive reinsurance market?
Pierre Vende, co-head of life and health reinsurance for Asia Pacific at Aon, talks to InsuranceAsia News about what is driving APAC's asset-intensive reinsurance market.
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.
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