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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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Marsh Risk bolsters Asia marine team with trio appointment
Michael Walls, marine, cargo and logistics leader for Asia, confirms the appointments of Deborah Errappa, James Gargrave joining and Haroun Shadid.
Marsh Risk bolsters Asia marine team with trio appointment
Michael Walls, marine, cargo and logistics leader for Asia, confirms the appointments of Deborah Errappa, James Gargrave joining and Haroun Shadid.
Michael Walls, marine, cargo and logistics leader for Asia, confirms the appointments of Deborah Errappa, James Gargrave joining and Haroun Shadid.
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Aon appoints Joe Liang as executive chairman of reinsurance for greater China
He will be based in Hong Kong and report to Rupert Moore, CEO of Asia Pacific for reinsurance.
Aon appoints Joe Liang as executive chairman of reinsurance for greater China
He will be based in Hong Kong and report to Rupert Moore, CEO of Asia Pacific for reinsurance.
He will be based in Hong Kong and report to Rupert Moore, CEO of Asia Pacific for reinsurance.
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Wang Fuk Court insurance rights to shift to administrator under government buyout: reports
Hop On Management Company would assume control of fire-hit estate’s all-risks policy as homeowners move to sell titles to the government.
Wang Fuk Court insurance rights to shift to administrator under government buyout: reports
Hop On Management Company would assume control of fire-hit estate’s all-risks policy as homeowners move to sell titles to the government.
Hop On Management Company would assume control of fire-hit estate’s all-risks policy as homeowners move to sell titles to the government.
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Aon expands data centre lifecycle progam to US$5bn
It is the third time this year that the program has expanded amid booming demand for sophisticated coverage of digital infrastructure assets.
Aon expands data centre lifecycle progam to US$5bn
It is the third time this year that the program has expanded amid booming demand for sophisticated coverage of digital infrastructure assets.
It is the third time this year that the program has expanded amid booming demand for sophisticated coverage of digital infrastructure assets.
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Marsh expands US$2.7bn data centre construction insurance facility to Asia
Addition of Asian projects to Nimbus follows expansion into Australia and New Zealand in January.
Marsh expands US$2.7bn data centre construction insurance facility to Asia
Addition of Asian projects to Nimbus follows expansion into Australia and New Zealand in January.
Addition of Asian projects to Nimbus follows expansion into Australia and New Zealand in January.
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Marsh Thailand promotes Warakan Suwannaard to country sales leader
Bangkok-based Suwannaard will drive growth across the broker's product lines.
Marsh Thailand promotes Warakan Suwannaard to country sales leader
Bangkok-based Suwannaard will drive growth across the broker's product lines.
Bangkok-based Suwannaard will drive growth across the broker's product lines.
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Gallagher Re hires Sisouda Dayre as operations director for APAC
Singapore-based Dayre was most recently regional head of health operations for APAC at Allianz Partners.
Gallagher Re hires Sisouda Dayre as operations director for APAC
Singapore-based Dayre was most recently regional head of health operations for APAC at Allianz Partners.
Singapore-based Dayre was most recently regional head of health operations for APAC at Allianz Partners.
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Full Capacity: Earth is losing its ‘albedo’
This week's newsletter also discusses a nat cat update, MSIG's leadership change, M&A updates, and H1 for insurer nat cat losses.
Full Capacity: Earth is losing its ‘albedo’
This week's newsletter also discusses a nat cat update, MSIG's leadership change, M&A updates, and H1 for insurer nat cat losses.
This week's newsletter also discusses a nat cat update, MSIG's leadership change, M&A updates, and H1 for insurer nat cat losses.
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Allianz Jio Re wrote US$27.6m GWP in its first full quarter
JV between Allianz and India's Jio Financial Services was launched in March ahead of the 1.4 treaty renewals.
Allianz Jio Re wrote US$27.6m GWP in its first full quarter
JV between Allianz and India's Jio Financial Services was launched in March ahead of the 1.4 treaty renewals.
JV between Allianz and India's Jio Financial Services was launched in March ahead of the 1.4 treaty renewals.
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MSIG, Aon, Allianz Commercial, Willis, QBE: 20 APAC insurance people moves of the week
Swiss Re CorSo, PartnerRe, NZI, Emergence Insurance, Sompo, AIG, Lockton, Starr, OneDegree, CFC, Markel, Marsh, AUB Group, Howden, Hollard Insurance and Guy Carpenter also made personnel changes over the last week.
MSIG, Aon, Allianz Commercial, Willis, QBE: 20 APAC insurance people moves of the week
Swiss Re CorSo, PartnerRe, NZI, Emergence Insurance, Sompo, AIG, Lockton, Starr, OneDegree, CFC, Markel, Marsh, AUB Group, Howden, Hollard Insurance and Guy Carpenter also made personnel changes over the last week.
Swiss Re CorSo, PartnerRe, NZI, Emergence Insurance, Sompo, AIG, Lockton, Starr, OneDegree, CFC, Markel, Marsh, AUB Group, Howden, Hollard Insurance and Guy Carpenter also made personnel changes over the last week.
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QBE promotes Angus Cheung to market lead for hull and liability in North Asia
Hong Kong-based Cheung will be responsible for its hull and liability portfolio across greater China, Vietnam and Japan.
QBE promotes Angus Cheung to market lead for hull and liability in North Asia
Hong Kong-based Cheung will be responsible for its hull and liability portfolio across greater China, Vietnam and Japan.
Hong Kong-based Cheung will be responsible for its hull and liability portfolio across greater China, Vietnam and Japan.
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Cyber insurance market nears ‘important crossroads’ as softening moderates: S&P
Market is experiencing elevated claims activity which is severely straining the margins of underwriters at current rates, according to a report from the American financial intelligence and analytics company.
Cyber insurance market nears ‘important crossroads’ as softening moderates: S&P
Market is experiencing elevated claims activity which is severely straining the margins of underwriters at current rates, according to a report from the American financial intelligence and analytics company.
Market is experiencing elevated claims activity which is severely straining the margins of underwriters at current rates, according to a report from the American financial intelligence and analytics company.
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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.
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Australia’s M&A rules becomes DNA of dealmaking as cross-border execution risk rises
Mandatory merger control regime, which came into force in January, has not led to a slowdown in M&A volumes, but transaction liability specialists and advisers say regulatory approval is now being considered much earlier in the process.
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Carriers navigating emerging drone, eVTOL risks with measured caution as China’s low-altitude economy takes off
APAC is set to become the fastest-growing region for drones and eVTOL, but insurers remain cautious amid regulatory fragmentation and limited loss data, Markel's Jenny Choi tells InsuranceAsia News.
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‘Game changer’ PCC regime sharpens Singapore’s regional risk hub appeal
Monetary Authority of Singapore’s proposed protected cell company (PCC) framework could streamline access to advanced risk management solutions, cutting the cost and governance burdens of traditional structures, market participants say.
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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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
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‘We’re in for the long haul’: Valueattics Re targets steady growth with domestic gains, regional moves
M&A
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Australia’s M&A rules becomes DNA of dealmaking as cross-border execution risk rises
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Marsh confirms full ownership of Thailand subsidiary, rebrands as Marsh Risk Thailand
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KKR joins Amwins–Dragoneer consortium in US$5.4bn Steadfast bid
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OK Financial named preferred bidder for Yebyeol Non-Life
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IAG makes remedy offer to ACCC to secure US$970m RAC deal approval
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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Unlike acute illnesses, dementia creates a long tail of financial need and its impact extends well beyond patients.
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Sedgwick Asia says it is ready to meet the evolving challenges of Asia’s dynamic insurance markets.
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Marsh Risk bolsters Asia marine team with trio appointment
Michael Walls, marine, cargo and logistics leader for Asia, confirms the appointments of Deborah Errappa, James Gargrave joining and Haroun Shadid.
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Aon appoints Joe Liang as executive chairman of reinsurance for greater China
He will be based in Hong Kong and report to Rupert Moore, CEO of Asia Pacific for reinsurance.
-
Marsh Thailand promotes Warakan Suwannaard to country sales leader
Bangkok-based Suwannaard will drive growth across the broker's product lines.
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Gallagher Re hires Sisouda Dayre as operations director for APAC
Singapore-based Dayre was most recently regional head of health operations for APAC at Allianz Partners.
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QBE promotes Angus Cheung to market lead for hull and liability in North Asia
Hong Kong-based Cheung will be responsible for its hull and liability portfolio across greater China, Vietnam and Japan.
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PartnerRe appoints Ankur Gupta as India CEO
Mumbai-based Gupta joins from Munich Re, having last held the position of head of client management for India since July 2019.
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Allianz Commercial elevates Jenny Wilhelm to Singapore MD, Will Slade to regional distribution head
In the newly created regional role, Wilhelm will be responsible for the insurer's strategic growth and performance across Singapore, Asean and Sri Lanka.
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Hollard Insurance promotes Tony Martiniello to head of distribution
Sydney-based Martiniello will be responsible for driving existing portfolio growth and building new partnerships across Australia and New Zealand.
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Markel strengthens greater China marine capabilities with Shanghai risk engineer hire
Shanghai-based Vincent Wang brings more than 16 years of experience across marine operations, surveying and engineering consultancy.
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AIG elevates Anouk Sireude to Pacific head of marine
She has been with AIG in Australia for two years.
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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.
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.
‘We have to be robust, stable through this cycle’: Swiss Re CorSo’s Robert Hunziker
Robert Hunziker, Asia head at Swiss Re CorSo, sits down with InsuranceAsia News to discuss the progress the commercial insurer has made in the region since its reorganisation last year and its strategic priorities.
Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services