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Not blowout year, but M&A resiliency remains amid soft market, improving geopolitical outlook
Insurer appetite for M&A remained robust in the first half despite a volatile geopolitical backdrop, with three jumbo deals in Japan, Australia and the UK.
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Australia’s competition regulator probes Allianz-nib travel insurance tie-up
Australian Competition and Consumer Commission launches a phase one investigation into the US$34.66m transaction.
Australia’s competition regulator probes Allianz-nib travel insurance tie-up
Australian Competition and Consumer Commission launches a phase one investigation into the US$34.66m transaction.
Australian Competition and Consumer Commission launches a phase one investigation into the US$34.66m transaction.
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Niyam Group taps Ritesh Shah to drive India engineering, construction buildout
He joins after a long stint at Swiss Re in India.
Niyam Group taps Ritesh Shah to drive India engineering, construction buildout
He joins after a long stint at Swiss Re in India.
He joins after a long stint at Swiss Re in India.
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Aviso Specialty hires Kerin Rathgeber as trade credit head
Melbourne-based Rathgeber has more than 29 years of experience spanning trade credit, underwriting, broking, business development and strategic client advisory.
Aviso Specialty hires Kerin Rathgeber as trade credit head
Melbourne-based Rathgeber has more than 29 years of experience spanning trade credit, underwriting, broking, business development and strategic client advisory.
Melbourne-based Rathgeber has more than 29 years of experience spanning trade credit, underwriting, broking, business development and strategic client advisory.
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Willis appoints Gary McMullen as senior director for workplace risk
Brisbane-based McMullen joins from Aon following a previous stint at Willis Australasia.
Willis appoints Gary McMullen as senior director for workplace risk
Brisbane-based McMullen joins from Aon following a previous stint at Willis Australasia.
Brisbane-based McMullen joins from Aon following a previous stint at Willis Australasia.
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Mitsui Sumitomo-owned Time Machine makes pair of senior underwriting hires
W&I specialist Japanese MGA appoints Shuko Shikatani as an underwriter and CFO, while Sumiyo Yamamoto joins from AIG as an underwriter.
Mitsui Sumitomo-owned Time Machine makes pair of senior underwriting hires
W&I specialist Japanese MGA appoints Shuko Shikatani as an underwriter and CFO, while Sumiyo Yamamoto joins from AIG as an underwriter.
W&I specialist Japanese MGA appoints Shuko Shikatani as an underwriter and CFO, while Sumiyo Yamamoto joins from AIG as an underwriter.
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Marsh appoints Melody Carr as national head of technical claims advocacy for the Pacific
She was most recenlty head of finpro claims and head of technical at Marsh McLennan.
Marsh appoints Melody Carr as national head of technical claims advocacy for the Pacific
She was most recenlty head of finpro claims and head of technical at Marsh McLennan.
She was most recenlty head of finpro claims and head of technical at Marsh McLennan.
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Full Capacity: More room for softening after mid-year; Hub IPO could come in hot
This week's newsletter also discusses the Marsh lawsuit in Hong Kong, insurer M&A, Singapore's plan to allow PCCs and more.
Full Capacity: More room for softening after mid-year; Hub IPO could come in hot
This week's newsletter also discusses the Marsh lawsuit in Hong Kong, insurer M&A, Singapore's plan to allow PCCs and more.
This week's newsletter also discusses the Marsh lawsuit in Hong Kong, insurer M&A, Singapore's plan to allow PCCs and more.
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Austbrokers Countrywide, Adroit Insurance & Risk, Oneglobal, QBE, AIG: 14 APAC insurance people moves of the week
Coface, Lockton, Allianz Commercial, Markel, Marsh, Probitas Pacific, Delta, Tune Protect, EBM Insurance & Risk, Specialist Risk Group, McLarens, Berjaya Sompo Insurance, Canopius, Continuum, and the Great American Insurance Group also made personnel changes over the last week.
Austbrokers Countrywide, Adroit Insurance & Risk, Oneglobal, QBE, AIG: 14 APAC insurance people moves of the week
Coface, Lockton, Allianz Commercial, Markel, Marsh, Probitas Pacific, Delta, Tune Protect, EBM Insurance & Risk, Specialist Risk Group, McLarens, Berjaya Sompo Insurance, Canopius, Continuum, and the Great American Insurance Group also made personnel changes over the last week.
Coface, Lockton, Allianz Commercial, Markel, Marsh, Probitas Pacific, Delta, Tune Protect, EBM Insurance & Risk, Specialist Risk Group, McLarens, Berjaya Sompo Insurance, Canopius, Continuum, and the Great American Insurance Group also made personnel changes over the last week.
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Quartet set to vie for South Korean bridge insurer Yebyeol Non-Life: reports
Heungkuk Fire & Marine Insurance, OK Financial Group, JC Flowers, and Korea Investment Holdings are reported to have participated in the second main bid for the South Korean bridge insurer.
Quartet set to vie for South Korean bridge insurer Yebyeol Non-Life: reports
Heungkuk Fire & Marine Insurance, OK Financial Group, JC Flowers, and Korea Investment Holdings are reported to have participated in the second main bid for the South Korean bridge insurer.
Heungkuk Fire & Marine Insurance, OK Financial Group, JC Flowers, and Korea Investment Holdings are reported to have participated in the second main bid for the South Korean bridge insurer.
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Suncorp FY26 nat cat costs top US$1.5bn, exceeds allowance
Australian insurer expects GWP growth of approximately 2.7% for the finacial year ended June 30.
Suncorp FY26 nat cat costs top US$1.5bn, exceeds allowance
Australian insurer expects GWP growth of approximately 2.7% for the finacial year ended June 30.
Australian insurer expects GWP growth of approximately 2.7% for the finacial year ended June 30.
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Lockton taps Alberto Ferriolo as Asia regional growth leader for marine, transportation
He joins from Miller in Singapore, and reports to Sung Wook Han, Lockton’s head of Asia marine and transportation.
Lockton taps Alberto Ferriolo as Asia regional growth leader for marine, transportation
He joins from Miller in Singapore, and reports to Sung Wook Han, Lockton’s head of Asia marine and transportation.
He joins from Miller in Singapore, and reports to Sung Wook Han, Lockton’s head of Asia marine and transportation.
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Darren Toll named Austbrokers Countrywide and Adroit Insurance & Risk businesses group CEO
Tim Considine transitions to a role as group executive chair following the merger between Austbrokers Countrywide and Adroit Insurance & Risk.
Darren Toll named Austbrokers Countrywide and Adroit Insurance & Risk businesses group CEO
Tim Considine transitions to a role as group executive chair following the merger between Austbrokers Countrywide and Adroit Insurance & Risk.
Tim Considine transitions to a role as group executive chair following the merger between Austbrokers Countrywide and Adroit Insurance & Risk.
Popular posts:
- Marsh granted interim injunction in Hong Kong over executives’ move to Howden
- We’ve seen reinsurers’ appetite prevail at 1.7, Gallagher Re’s Roshan Perera says
- Continuum hires Howden’s Andy Tam as Hong Kong general manager
- ‘Sweet spot for global insurance’: regulatory confidence key to attracting global insurers to Asia
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We’ve seen reinsurers’ appetite prevail at 1.7, Gallagher Re’s Roshan Perera says
New managing director and head of APAC tells InsuranceAsia News that while there seems to be some more room for rate reduction, cedents will certainly benefit from more options and flexibility in future renewals.
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Australian ‘gatekeeper’ firms urged to review PI cover as sweeping regulatory changes come into effect
New money laundering and counterterrorism rules, which came into effect on Wednesday, will see strict penalties imposed.
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‘Sweet spot for global insurance’: regulatory confidence key to attracting global insurers to Asia
Senior executives from EY, FWD Group, HSBC, and Manulife told the FT Global Insurance Summit that proactive regional regulation and long-term commitment are turning Asia into the insurance industry's most compelling growth market.
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Buyer-friendly renewals persist at 1.7 as soft market signs mount, but reinsurers signal pricing floor
Rate reductions of 10–15% on loss-free business, with deeper cuts in some cases, as terms and conditions hold firm, industry insiders told InsuranceAsia News.
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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‘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
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HDI Global leverages Asian HQ boom to open doors for international programs amid rising uncertainty
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Swiss Re CorSo eyes data centres, ART, Japan as key pillars for Asian specialty push
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BirdsEyeView spies Australia as ‘competitive edge’ opportunity with new wildfire model after seven-figure funding
M&A
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Australia’s competition regulator probes Allianz-nib travel insurance tie-up
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Not blowout year, but M&A resiliency remains amid soft market, improving geopolitical outlook
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Quartet set to vie for South Korean bridge insurer Yebyeol Non-Life: reports
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Australia’s Metrix Insurance Group acquires Coverscope Insurance Brokers
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QBE takes full control of Indian JV after regulatory approval, set to rebrand
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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Sedgwick Asia says it is ready to meet the evolving challenges of Asia’s dynamic insurance markets.
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Niyam Group taps Ritesh Shah to drive India engineering, construction buildout
He joins after a long stint at Swiss Re in India.
-
Aviso Specialty hires Kerin Rathgeber as trade credit head
Melbourne-based Rathgeber has more than 29 years of experience spanning trade credit, underwriting, broking, business development and strategic client advisory.
-
Willis appoints Gary McMullen as senior director for workplace risk
Brisbane-based McMullen joins from Aon following a previous stint at Willis Australasia.
-
Mitsui Sumitomo-owned Time Machine makes pair of senior underwriting hires
W&I specialist Japanese MGA appoints Shuko Shikatani as an underwriter and CFO, while Sumiyo Yamamoto joins from AIG as an underwriter.
-
Marsh appoints Melody Carr as national head of technical claims advocacy for the Pacific
She was most recenlty head of finpro claims and head of technical at Marsh McLennan.
-
Suncorp FY26 nat cat costs top US$1.5bn, exceeds allowance
Australian insurer expects GWP growth of approximately 2.7% for the finacial year ended June 30.
-
Lockton taps Alberto Ferriolo as Asia regional growth leader for marine, transportation
He joins from Miller in Singapore, and reports to Sung Wook Han, Lockton’s head of Asia marine and transportation.
-
Darren Toll named Austbrokers Countrywide and Adroit Insurance & Risk businesses group CEO
Tim Considine transitions to a role as group executive chair following the merger between Austbrokers Countrywide and Adroit Insurance & Risk.
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Delta appoints Brett Wainhouse as head of distribution
He has over 12 years experience at Zurich, and more than 28 years' experience across the corporate and commercial insurance markets of New Zealand, Australia and the UK.
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Suncorp renews FY27 cat program with higher top-end, 5-year aggregate cover
Carrier reports higher reinsurance costs due to aggregate cover, which is offset by capital efficiency gains, including reduction in excess capital and capital release.
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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.
‘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.
We don’t need to put a flag in every country and town: Lockton Asia’s Tony Hardy
Tony Hardy, CEO of Lockton Asia, discusses the US broker’s efforts to double its revenue in the region by 2030, and its recent deal to take majority ownership of its Malaysian joint venture.
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