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China-Taiwan woes put pressure on marine (re)insurance market
Lack of data for accumulation risks and unavailability of a maximum loss scenario are real concerns for the shipping sector, says IUMI president Frédéric Denèfle.
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Canopius continues Australia expansion with two senior hires
Lucy Lumb joins the firm as underwriter, property coverholder and delegated authority, while Trisha Urquhart joins as underwriter - accident and health.
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Bolttech raises US$50m from LeapFrog in extended Series B round
The Singapore-based insurtech will use the proceeds to fund its global growth strategy, with a focus on emerging markets.
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Former CEO, CFO at New Zealand’s collapsed insurer CBL cleared of fraud charges
There were 11 cases brought by the country's Serious Fraud Office relating to transactions made by CEO Paul Harris and CFO Carden Mulholland in the run-up to the failure of the credit insurer.
There were 11 cases brought by the country's Serious Fraud Office relating to transactions made by CEO Paul Harris and CFO Carden Mulholland in the run-up to the failure of the credit insurer.
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Typhoon Nanmadol’s final loss count is US$850m: Perils
The storm hit the Japanese islands of Kyushu and Shikoku and the western and central regions of Japan’s main island of Honshu in September last year.
The storm hit the Japanese islands of Kyushu and Shikoku and the western and central regions of Japan’s main island of Honshu in September last year.
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Miller rolls out APAC treaty team with Lockton Re raid
Bruce Ford and Pei Nee Goi join team leader Richard Broad in Singapore, while Jo Garnett and Hui Sin Low join in Malaysia.
Bruce Ford and Pei Nee Goi join team leader Richard Broad in Singapore, while Jo Garnett and Hui Sin Low join in Malaysia.
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Steadfast’s Insurance Brands adds Peacock Insurance to its fold
The New South Wales-based brokerage specialises in heavy transport, earthmoving insurance and marine and logistics coverage.
The New South Wales-based brokerage specialises in heavy transport, earthmoving insurance and marine and logistics coverage.
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Sedgwick New Zealand strengthens business development team to expand local base
Hamish Blair (pictured) has been promoted to head of business development and Shuzaha Houghton roped in as business development manager.
Hamish Blair (pictured) has been promoted to head of business development and Shuzaha Houghton roped in as business development manager.
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Australia’s BoM declares El Niño and positive Indian Ocean Dipole as bushfires spark across three states
The combination, last seen in 2015, means warmer and drier conditions for at least the next three months increasing the risk of bushfires.
The combination, last seen in 2015, means warmer and drier conditions for at least the next three months increasing the risk of bushfires.
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Hong Kong’s drainage improvements allowed city to bounce back after historic rainstorm: Guy Carpenter
The broker notes a further five stormwater storage tanks are being planned in the SAR which saw 60 flooding and 75 landslide reports and 80 blocked roads.
The broker notes a further five stormwater storage tanks are being planned in the SAR which saw 60 flooding and 75 landslide reports and 80 blocked roads.
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Arch Australia hires Joe Bone as PI product and distribution manager
Based in Sydney, the former BHSI exec will report to Anthony Hinde, underwriting manager, professional indemnity.
Based in Sydney, the former BHSI exec will report to Anthony Hinde, underwriting manager, professional indemnity.
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CIB’s chairman Alex Yip eyes GBA opportunities for Hong Kong’s specialty market
Since transitioning away from being a self-regulatory body, the Confederation of Insurance Brokers is focusing on redeveloping the city as a ‘key hub’ for the Asian (re)insurance sector.
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What explains Singapore’s quiet broker M&A market?
While there has been some activity around the fringes over the last 12 months, organic growth appears more attractive.
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Fast-changing renewable tech throws up underwriting challenges
In Asia Pacific, offshore wind and projects involving highly flammable gases like hydrogen are the hardest to secure coverage for as carriers choose to err on the side of caution given a lack of data.
Spotlight
M&A
ESG
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Extreme heat, typhoon ‘most concerning’ climate hazards for APAC: MSCI
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Opinion: Hong Kong’s insurance players should step up risk mitigation for clients and the city
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Lloyd’s Lab’s 11th cohort has focus on APAC climate, cyber and sustainability
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Gallagher hires Australia head of climate and sustainability from Marsh
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WTW, Axa Climate roll out Asia’s first 4-peril parametric cover
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Embedded insurance is more than just a tick in the box, it calls for a hands-on approach involving thoughtful consideration of customer value.
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Multiple positive growth drivers underpin optimism about the insurance outlook of the region.
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While supply chain management is inherently complex, companies can take proactive measures to minimise risk exposures.

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