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Steadfast CEO Robert Kelly to retire, successor to be in place by August
Co-founder is set to remain on the board of the Australian broker after his retirement and transition to a non-executive director role.
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Howden appoints Nobuyuki Akahane to lead new Japanese construction initiative
Akahane will be based in London and will support the company’s expanded focus on Japanese‑led construction and infrastructure projects across global markets.
Howden appoints Nobuyuki Akahane to lead new Japanese construction initiative
Akahane will be based in London and will support the company’s expanded focus on Japanese‑led construction and infrastructure projects across global markets.
Akahane will be based in London and will support the company’s expanded focus on Japanese‑led construction and infrastructure projects across global markets.
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Gift City regulator plans insurance framework for cat bonds, captives: report
The International Financial Services Centres Authority chairman said that a proposal to create an Indian P&I club is under consideration by the Department of Financial Services.
Gift City regulator plans insurance framework for cat bonds, captives: report
The International Financial Services Centres Authority chairman said that a proposal to create an Indian P&I club is under consideration by the Department of Financial Services.
The International Financial Services Centres Authority chairman said that a proposal to create an Indian P&I club is under consideration by the Department of Financial Services.
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NorthStandard veteran David Roberts takes helm as Britannia’s Asia head
Singapore-based Roberts will have responsibility for the P&I club's regional hub offices in Asia and servicing members throughout the region.
NorthStandard veteran David Roberts takes helm as Britannia’s Asia head
Singapore-based Roberts will have responsibility for the P&I club's regional hub offices in Asia and servicing members throughout the region.
Singapore-based Roberts will have responsibility for the P&I club's regional hub offices in Asia and servicing members throughout the region.
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James Beedle named chair of Singapore Reinsurers’ Association
He succeeds Kenrick Law, who stepped down from his role of APAC CEO of Allianz Re in December.
James Beedle named chair of Singapore Reinsurers’ Association
He succeeds Kenrick Law, who stepped down from his role of APAC CEO of Allianz Re in December.
He succeeds Kenrick Law, who stepped down from his role of APAC CEO of Allianz Re in December.
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IAG’s Amanda Whiting takes on new group role
Whiting has returned to Australia after four years as CEO of IAG New Zealand.
IAG’s Amanda Whiting takes on new group role
Whiting has returned to Australia after four years as CEO of IAG New Zealand.
Whiting has returned to Australia after four years as CEO of IAG New Zealand.
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Everest elevates Tomi Latva-Kiskola to APAC chief executive for global wholesale and specialty
Singapore-based Latva-Kiskola has been with the carrier since 2024, serving as head of insurance for Asia.
Everest elevates Tomi Latva-Kiskola to APAC chief executive for global wholesale and specialty
Singapore-based Latva-Kiskola has been with the carrier since 2024, serving as head of insurance for Asia.
Singapore-based Latva-Kiskola has been with the carrier since 2024, serving as head of insurance for Asia.
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QBE appoints Chubb’s Carles Tondo as head of property for Asia
Tondo, who will report to South Asia CEO Stephen Geisler, will assume the portfolio from Brendan Dunlea.
QBE appoints Chubb’s Carles Tondo as head of property for Asia
Tondo, who will report to South Asia CEO Stephen Geisler, will assume the portfolio from Brendan Dunlea.
Tondo, who will report to South Asia CEO Stephen Geisler, will assume the portfolio from Brendan Dunlea.
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Naleena Moore to lead Axa XL’s Singapore marine cargo team
She has been with Axa XL in Singapore for over a decade.
Naleena Moore to lead Axa XL’s Singapore marine cargo team
She has been with Axa XL in Singapore for over a decade.
She has been with Axa XL in Singapore for over a decade.
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Steadfast-backed Galaxy Insurance secures Singaporean reinsurance broking licence
Singapore-based intermediary, licensed for direct broking since 2005, was acquired by Australia’s Steadfast in 2017.
Steadfast-backed Galaxy Insurance secures Singaporean reinsurance broking licence
Singapore-based intermediary, licensed for direct broking since 2005, was acquired by Australia’s Steadfast in 2017.
Singapore-based intermediary, licensed for direct broking since 2005, was acquired by Australia’s Steadfast in 2017.
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Rajesh Sinha named JB Boda’s APAC CEO
He previously held senior roles at Markel International and AIG.
Rajesh Sinha named JB Boda’s APAC CEO
He previously held senior roles at Markel International and AIG.
He previously held senior roles at Markel International and AIG.
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Full Capacity: APAC insurance M&A gains momentum
This week's newsletter discusses Swiss Re's acquisition of QBE's trade credit and surety arm, Sompo's clearance to acquire Aspen, two M&A deals, HDI's Southeast Asia focus, ARPC's terrorism retrocession program and APAC’s M&A growth.
Full Capacity: APAC insurance M&A gains momentum
This week's newsletter discusses Swiss Re's acquisition of QBE's trade credit and surety arm, Sompo's clearance to acquire Aspen, two M&A deals, HDI's Southeast Asia focus, ARPC's terrorism retrocession program and APAC’s M&A growth.
This week's newsletter discusses Swiss Re's acquisition of QBE's trade credit and surety arm, Sompo's clearance to acquire Aspen, two M&A deals, HDI's Southeast Asia focus, ARPC's terrorism retrocession program and APAC’s M&A growth.
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Munich Re, QBE, Miller, Willis: 8 APAC insurance people moves of the week
Markel, Allied World, Gallagher, Lockton and Chaucer Group also made personnel changes over the last week.
Munich Re, QBE, Miller, Willis: 8 APAC insurance people moves of the week
Markel, Allied World, Gallagher, Lockton and Chaucer Group also made personnel changes over the last week.
Markel, Allied World, Gallagher, Lockton and Chaucer Group also made personnel changes over the last week.
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Asia’s cyber insurance market set for rapid growth after wake-up call, CyberCube says
Recent attacks on the likes of Asahi and Coupang has highlighted the significant protection gap in the region, director of cyber risk consulting Jon Choi tells InsuranceAsia News.
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Forget the noise, geopolitical tensions demand scenarios not predictions
Hoe-Yeong Loke, head of research at UK risk management association Airmic, tells InsuranceAsia News rare earth minerals and tensions around Taiwan are likely to remain pressing issues for Asia and the global supply chain.
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Does Zurich’s US$11bn Beazley deal signal the end of the Lloyd’s listing experiment? Survivors are now in the spotlight
Deal will leave only two Lloyd’s players – Hiscox and Lancashire – listed on the London Stock Exchange, with capital-rich Japanese insurers expected to be amongst those circling.
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Resilience’s the word: calls for strategic shift, and it’s no longer optional
Resilience has shifted from an operational buzzword to a strategic boardroom imperative, risk management organisation Airmic says.
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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Cyber on the mind for ‘next few years’ as Asian ransomware attacks more than double as digitalisation outpaces defences
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Chubb’s Evan Greenberg ‘bullish on long-term opportunity’ for Asia
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‘Hopeless’: observation-based models fall short as insurers comprehend modern flood risks
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Home, sweet home for Vietnam’s new reinsurer as AlphaRe eyes efficiency over top line
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Bridging Asia’s protection gap key focus for Verisk, but data issue remains
M&A
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Sompo receives regulatory approvals for US$3.5bn Aspen acquisition
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Ardonagh-backed Cornerstone Risk acquires Australia’s Umbrella Insurance Services
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Ardonagh takes majority stake in Hong Kong’s Risk Management Insurance Brokerage
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Korea Investment shortlists 3 targets for insurance market entry: report
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Does Zurich’s US$11bn Beazley deal signal the end of the Lloyd’s listing experiment? Survivors are now in the spotlight
ESG
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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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With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
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Vastly improving turnaround times and personalising service delivery, QBE Asia’s award-winning, end-to-end bundled claims solutions is a game-changer for the insurance industry.
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Howden appoints Nobuyuki Akahane to lead new Japanese construction initiative
Akahane will be based in London and will support the company’s expanded focus on Japanese‑led construction and infrastructure projects across global markets.
-
NorthStandard veteran David Roberts takes helm as Britannia’s Asia head
Singapore-based Roberts will have responsibility for the P&I club's regional hub offices in Asia and servicing members throughout the region.
-
Steadfast CEO Robert Kelly to retire, successor to be in place by August
Co-founder is set to remain on the board of the Australian broker after his retirement and transition to a non-executive director role.
-
James Beedle named chair of Singapore Reinsurers’ Association
He succeeds Kenrick Law, who stepped down from his role of APAC CEO of Allianz Re in December.
-
IAG’s Amanda Whiting takes on new group role
Whiting has returned to Australia after four years as CEO of IAG New Zealand.
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Everest elevates Tomi Latva-Kiskola to APAC chief executive for global wholesale and specialty
Singapore-based Latva-Kiskola has been with the carrier since 2024, serving as head of insurance for Asia.
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QBE appoints Chubb’s Carles Tondo as head of property for Asia
Tondo, who will report to South Asia CEO Stephen Geisler, will assume the portfolio from Brendan Dunlea.
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Naleena Moore to lead Axa XL’s Singapore marine cargo team
She has been with Axa XL in Singapore for over a decade.
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Rajesh Sinha named JB Boda’s APAC CEO
He previously held senior roles at Markel International and AIG.
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Gallagher appoints Jojo Su as senior broker for marine in Singapore
She joins from WTW, where she was a lead associate for large and complex risk and the risk management team since June 2024.
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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.
Cyber insurance has a long way to go to reach next level, says WTW’s Carlos Grijalva, amid soaring demand in Asia
Carlos Grijalva, cyber leader for Hong Kong and greater China at WTW, talks to InsuranceAsia News about the development of the cyber market in Asia.
Building resilience, mitigating risk in APAC’s commercial property insurance market
Martin Au-Yeung, vice president and division underwriting manager at FM, talks to InsuranceAsia News.
AI: "With prudent oversight and strong guardrails, an augmented investment office can allow insurers to confidently ride the private credit boom without being undermined by the complexity they have embraced."
David Pan, Moody’s