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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.
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Sompo names Daniel Lukas APAC head of personal lines
Singapore-based Lukas joins from Chubb, where he had spent over 11 years in analytics and personal lines roles in London and Singapore.
Sompo names Daniel Lukas APAC head of personal lines
Singapore-based Lukas joins from Chubb, where he had spent over 11 years in analytics and personal lines roles in London and Singapore.
Singapore-based Lukas joins from Chubb, where he had spent over 11 years in analytics and personal lines roles in London and Singapore.
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Data centres to add US$10bn premiums in 2026 amid looming protection gap: S&P
Rapid expansion of hyperscale data centres is outpacing the insurance industry’s capacity, leaving a significant portion of rising multi‑billion‑dollar risks uninsured, according to S&P Global Ratings.
Data centres to add US$10bn premiums in 2026 amid looming protection gap: S&P
Rapid expansion of hyperscale data centres is outpacing the insurance industry’s capacity, leaving a significant portion of rising multi‑billion‑dollar risks uninsured, according to S&P Global Ratings.
Rapid expansion of hyperscale data centres is outpacing the insurance industry’s capacity, leaving a significant portion of rising multi‑billion‑dollar risks uninsured, according to S&P Global Ratings.
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‘Very good partners’ Hong Kong, Bermuda can benefit from ILS market: IA
At a forum in Bermuda, Insurance Authority chief executive Clement Cheung tells a forum in Bermuda there are a lot of untapped resources in Asia.
‘Very good partners’ Hong Kong, Bermuda can benefit from ILS market: IA
At a forum in Bermuda, Insurance Authority chief executive Clement Cheung tells a forum in Bermuda there are a lot of untapped resources in Asia.
At a forum in Bermuda, Insurance Authority chief executive Clement Cheung tells a forum in Bermuda there are a lot of untapped resources in Asia.
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Korean Re weighs coverage for shippers rerouting around war-hit Strait of Hormuz
Some shippers are reportedly planning to send follow-up ships to offload cargo from vessels and then carry it via alternative routes.
Korean Re weighs coverage for shippers rerouting around war-hit Strait of Hormuz
Some shippers are reportedly planning to send follow-up ships to offload cargo from vessels and then carry it via alternative routes.
Some shippers are reportedly planning to send follow-up ships to offload cargo from vessels and then carry it via alternative routes.
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Coface elevates Agnes Chan to APAC head of partnerships
Kuala Lumpur-based Chan has been with Coface for over 10 years, most recently as country manager of Malaysia, Indonesia and the Philippines since October 2023.
Coface elevates Agnes Chan to APAC head of partnerships
Kuala Lumpur-based Chan has been with Coface for over 10 years, most recently as country manager of Malaysia, Indonesia and the Philippines since October 2023.
Kuala Lumpur-based Chan has been with Coface for over 10 years, most recently as country manager of Malaysia, Indonesia and the Philippines since October 2023.
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Berkley Re APAC hires Allianz Re’s Kenrick Law as head of underwriting
Most recently regional CEO and head of P&C client management at Allianz Re, Singapore-based Law will also be branch manager at Berkley Re APAC.
Berkley Re APAC hires Allianz Re’s Kenrick Law as head of underwriting
Most recently regional CEO and head of P&C client management at Allianz Re, Singapore-based Law will also be branch manager at Berkley Re APAC.
Most recently regional CEO and head of P&C client management at Allianz Re, Singapore-based Law will also be branch manager at Berkley Re APAC.
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Sompo names Olivia Clark as head of aviation for APAC
Singapore-based Clark joins from Everest, where she had been a senior aviation underwriter almost a year.
Sompo names Olivia Clark as head of aviation for APAC
Singapore-based Clark joins from Everest, where she had been a senior aviation underwriter almost a year.
Singapore-based Clark joins from Everest, where she had been a senior aviation underwriter almost a year.
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Specialist Risk Group appoints Halim Rosalan as Asia head of business
Singapore-based Rosalan will have oversight of business development, benefits solutions, corporate risk solutions, facultative reinsurance and claims.
Specialist Risk Group appoints Halim Rosalan as Asia head of business
Singapore-based Rosalan will have oversight of business development, benefits solutions, corporate risk solutions, facultative reinsurance and claims.
Singapore-based Rosalan will have oversight of business development, benefits solutions, corporate risk solutions, facultative reinsurance and claims.
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Rise of AI demands new approaches to cyber underwriting: CyberCube
Compressed attack timelines, identity-layer propagation and the rise of AI agents require immediate adjustments to underwriting, cat modelling and portfolio management, cyber risk analytics specialist says in its H1 2026 Global Threat Briefing report.
Rise of AI demands new approaches to cyber underwriting: CyberCube
Compressed attack timelines, identity-layer propagation and the rise of AI agents require immediate adjustments to underwriting, cat modelling and portfolio management, cyber risk analytics specialist says in its H1 2026 Global Threat Briefing report.
Compressed attack timelines, identity-layer propagation and the rise of AI agents require immediate adjustments to underwriting, cat modelling and portfolio management, cyber risk analytics specialist says in its H1 2026 Global Threat Briefing report.
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Victoria bushfire losses rise to US$570m: Perils
Bushfires unfolded between January 7-13, when a severe heatwave drove extreme fire conditions across southeastern Australia.
Victoria bushfire losses rise to US$570m: Perils
Bushfires unfolded between January 7-13, when a severe heatwave drove extreme fire conditions across southeastern Australia.
Bushfires unfolded between January 7-13, when a severe heatwave drove extreme fire conditions across southeastern Australia.
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APAC insurers brace for indirect impact of Middle East conflict as volatility, supply-chain risks rise: S&P Global
Potential prolonged disruptions to energy supply can lead to compounding claims expenses in motor, property and commercial lines while increasing demand for political risk and business interruption coverage.
APAC insurers brace for indirect impact of Middle East conflict as volatility, supply-chain risks rise: S&P Global
Potential prolonged disruptions to energy supply can lead to compounding claims expenses in motor, property and commercial lines while increasing demand for political risk and business interruption coverage.
Potential prolonged disruptions to energy supply can lead to compounding claims expenses in motor, property and commercial lines while increasing demand for political risk and business interruption coverage.
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India firms up plans for GIC Re-led US$100m marine war risk pool
Bharat Marine Pool will be led by state-owned reinsurer GIC Re and New India Assurance.
India firms up plans for GIC Re-led US$100m marine war risk pool
Bharat Marine Pool will be led by state-owned reinsurer GIC Re and New India Assurance.
Bharat Marine Pool will be led by state-owned reinsurer GIC Re and New India Assurance.
Popular posts:
- Cyclone Vaianu batters New Zealand’s North Island
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- BHSI | D&O in Asia in 2026: navigating geopolitics, insolvencies, and digital crackdowns without breaking the bank
- As Blueprint Two heads off into the sunset, what next for Lloyd’s transformation?
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As Blueprint Two heads off into the sunset, what next for Lloyd’s transformation?
After US$600m spent and multiple delays over 30 years - and now a formal 'sunsetting' of its big-bang reform - industry insiders ponder what happens next with the market looking to move forward.
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Insurers face complex, fast-moving risk landscape as fragile ceasefire throws Strait of Hormuz into turmoil
Iran says vessels that attempt to transit the key waterway without permission 'will be destroyed' despite the US announcing a two-week ceasefire.
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Strait back to business? Ceasefire positive signal, but brokers expect gradual process for Hormuz rates, traffic
US President Donald Trump announces a two-week ceasefire between the US and Iran, if shipping is allowed to move through the crucial Strait of Hormuz, although brokers remain sceptical.
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Cleared for takeoff: war rates remain stable as airlines seek new routes
A month into the Iran conflict, the US has also doubled its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz to US$40bn.
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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‘Bigger than an industrial revolution’: Australian MGA Kaibridge eyes growth with AI-native platform
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‘A huge way to go in Asia’: region still land of opportunity, excitement, TMK Asia chief says
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‘No longer optional’: parametric climate cover gains urgency as Asia Pacific faces accelerating volatility
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‘Big expectations’ as Gift City branch gives Mapfre Re vehicle to drive India, APAC growth: Javier Sánchez Cea
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‘Exciting and new’: Specialist Risk Group aims to put itself on the map in Australia, Southeast Asia
M&A
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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
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Specialist risk adviser Continuum forms strategic partnership with Hong Kong-based broker Freed Capital
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McLardy McShane forms partnership with West Rock Insurance Brokers
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Steadfast moves to acquire Envest’s Resilium and PSC Connect AR networks
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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Sompo names Daniel Lukas APAC head of personal lines
Singapore-based Lukas joins from Chubb, where he had spent over 11 years in analytics and personal lines roles in London and Singapore.
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Coface elevates Agnes Chan to APAC head of partnerships
Kuala Lumpur-based Chan has been with Coface for over 10 years, most recently as country manager of Malaysia, Indonesia and the Philippines since October 2023.
-
Berkley Re APAC hires Allianz Re’s Kenrick Law as head of underwriting
Most recently regional CEO and head of P&C client management at Allianz Re, Singapore-based Law will also be branch manager at Berkley Re APAC.
-
Sompo names Olivia Clark as head of aviation for APAC
Singapore-based Clark joins from Everest, where she had been a senior aviation underwriter almost a year.
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Specialist Risk Group appoints Halim Rosalan as Asia head of business
Singapore-based Rosalan will have oversight of business development, benefits solutions, corporate risk solutions, facultative reinsurance and claims.
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Starr appoints Vichai Laotrakul as Thailand CEO
Bangkok-based Laotrakul brings over two decades of underwriting experience across multiple lines of business.
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Marsh names Heath Jose as strategic client director for Singapore
He joins the global broker from BMS, where he was a director.
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Ronnie Tong steps down as Swiss Re’s head of P&C facultative for Asia
Yusuke Matsumoto is set to take over on an interim basis as of Saturday.
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Allianz hires Bryce Hatton as head of motor fleet underwriting in Australia
Brisbane-based Hatton has over three decades of experience in insurance-related roles.
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HDI Global appoints Everest’s Diane Chong as senior underwriter for downstream energy
Singapore-based Chong has close to two decades of underwriting experience across downstream and upstream energy, power, construction and renewable energy.
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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.
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.
Japanese non-life insurers to outperform life firms on fundamentals: Fitch’s Morinaga
Teruki Morinaga, director of insurance at Fitch Ratings in Tokyo, talks to InsuranceAsia News on the market forces shaping Japan's insurance sector.
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