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Baltimore bridge loss reserve hits US$2.8bn, topping Costa Concordia; Q2 marine reserving at risk
US State of Maryland settles with MV Dali's owner and operator but not shipbuilder Hyundai, as the bridge collapse loss estimate rises to the largest marine insured loss ever.
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Exclusive: Kelvin Woo set to leave QBE for Sompo Hong Kong role
Hong Kong-based Woo, who was head of corporate underwriting for Hong Kong and Macau, will join the Japanese insurer in a distribution role next month, InsuranceAsia News understands.
Exclusive: Kelvin Woo set to leave QBE for Sompo Hong Kong role
Hong Kong-based Woo, who was head of corporate underwriting for Hong Kong and Macau, will join the Japanese insurer in a distribution role next month, InsuranceAsia News understands.
Hong Kong-based Woo, who was head of corporate underwriting for Hong Kong and Macau, will join the Japanese insurer in a distribution role next month, InsuranceAsia News understands.
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Howden appoints Kyle Chan as senior director for M&A in Asia
Hong Kong-based Chan was most recently a consultant lawyer for transactions with legal firm Linklaters.
Howden appoints Kyle Chan as senior director for M&A in Asia
Hong Kong-based Chan was most recently a consultant lawyer for transactions with legal firm Linklaters.
Hong Kong-based Chan was most recently a consultant lawyer for transactions with legal firm Linklaters.
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Aon names Suwipamon Tan as director of power team in Thailand
Bangkok-based Tan has over two decades of experience in insurance and reinsurance roles.
Aon names Suwipamon Tan as director of power team in Thailand
Bangkok-based Tan has over two decades of experience in insurance and reinsurance roles.
Bangkok-based Tan has over two decades of experience in insurance and reinsurance roles.
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SBI General Insurance taps Shrish Ramchandra Mahuli as chief business officer
Mahuli joins the Indian carrier from Reliance General Insurance, where he was president and head of agency and broking for motor, health and SME.
SBI General Insurance taps Shrish Ramchandra Mahuli as chief business officer
Mahuli joins the Indian carrier from Reliance General Insurance, where he was president and head of agency and broking for motor, health and SME.
Mahuli joins the Indian carrier from Reliance General Insurance, where he was president and head of agency and broking for motor, health and SME.
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Fusion Specialty bolsters APAC team with pair of M&A underwriters
Jason Yoon Lee and Nicholas Wright join the specialist MGA as M&A underwriters.
Fusion Specialty bolsters APAC team with pair of M&A underwriters
Jason Yoon Lee and Nicholas Wright join the specialist MGA as M&A underwriters.
Jason Yoon Lee and Nicholas Wright join the specialist MGA as M&A underwriters.
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Zurich hires Axa XL’s Marcus Seow as senior marine underwriter
He spent nearly 14 years at Axa XL as senior underwriter for marine cargo.
Zurich hires Axa XL’s Marcus Seow as senior marine underwriter
He spent nearly 14 years at Axa XL as senior underwriter for marine cargo.
He spent nearly 14 years at Axa XL as senior underwriter for marine cargo.
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MLX Risk Partners taps Mathew Dilley as head of operations
Dilley joins from Aon Benfield in Sydney, where he had been a facultative reinsurance broker since November 2011.
MLX Risk Partners taps Mathew Dilley as head of operations
Dilley joins from Aon Benfield in Sydney, where he had been a facultative reinsurance broker since November 2011.
Dilley joins from Aon Benfield in Sydney, where he had been a facultative reinsurance broker since November 2011.
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Kuwait Re launches Gift City operations
Branch establishes a permanent presence for the reinsurer in India, following over four decades of providing reinsurance solutions in the country.
Kuwait Re launches Gift City operations
Branch establishes a permanent presence for the reinsurer in India, following over four decades of providing reinsurance solutions in the country.
Branch establishes a permanent presence for the reinsurer in India, following over four decades of providing reinsurance solutions in the country.
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Aon promotes Lee Huang Ng to chairperson for Taiwan
Taipei-based Ng will continue in her role as broker's chief executive officer for the territory.
Aon promotes Lee Huang Ng to chairperson for Taiwan
Taipei-based Ng will continue in her role as broker's chief executive officer for the territory.
Taipei-based Ng will continue in her role as broker's chief executive officer for the territory.
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India’s Acko targets second-half IPO at up to US$2.5bn valuation: reports
Bengaluru-based general insurer, which is also backed by Munich Re Ventures, plans to raise about US$350m in an Indian stock exchange listing.
India’s Acko targets second-half IPO at up to US$2.5bn valuation: reports
Bengaluru-based general insurer, which is also backed by Munich Re Ventures, plans to raise about US$350m in an Indian stock exchange listing.
Bengaluru-based general insurer, which is also backed by Munich Re Ventures, plans to raise about US$350m in an Indian stock exchange listing.
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ICA calls on Australian government to establish US$21.6bn flood defence fund
The ICA has made four recommendations to safeguard those vulnerable to extreme flood risk in its submission to an Australian federal inquiry into local government funding.
ICA calls on Australian government to establish US$21.6bn flood defence fund
The ICA has made four recommendations to safeguard those vulnerable to extreme flood risk in its submission to an Australian federal inquiry into local government funding.
The ICA has made four recommendations to safeguard those vulnerable to extreme flood risk in its submission to an Australian federal inquiry into local government funding.
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Swiss Re faces activist scrutiny for underwriting new LNG terminals, CEO defends ‘very robust’ ESG framework
Asia is a major importer of LNG, with over 120 terminals currently under development in the region, including in China, India, Vietnam and the Philippines.
Swiss Re faces activist scrutiny for underwriting new LNG terminals, CEO defends ‘very robust’ ESG framework
Asia is a major importer of LNG, with over 120 terminals currently under development in the region, including in China, India, Vietnam and the Philippines.
Asia is a major importer of LNG, with over 120 terminals currently under development in the region, including in China, India, Vietnam and the Philippines.
Popular posts:
- Swiss Re faces activist scrutiny for underwriting new LNG terminals, CEO defends ‘very robust’ ESG framework
- Japan on high alert for second earthquake after first brings tsunamis, minor damage, injuries
- Kelvin Woo set to leave QBE for Sompo Hong Kong role
- Hong Kong advances ILS frameworks, including sidecars, Bermuda ties: IA chief
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Japan’s space programme stumbles with back‑to‑back failures, but insurers remain grounded
Recent failures of Japan's Kairos and H3 rockets were reportedly uninsured and are not expected to materially impact space insurer profitability, although launch delays may have minor indirect effects.
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‘Not much more to give’: Asia’s D&O rate softening may moderate in 2026 amid geopolitical tensions, AI rollout
Brokers and underwriters warn that China, Singapore, and Hong Kong face the steepest D&O rate pressures, with geopolitics and AI risks intensifying concerns as a 2026 market turn looms.
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Hong Kong advances ILS frameworks, including sidecars, Bermuda ties: IA chief
Insurance Authority (IA) CEO Clement Cheung tells InsuranceAsia News that Hong Kong will create a regulatory framework 'in the near future', while chairman Stephen Yiu calls for a deeper catastrophe bond ecosystem to attract private capital.
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Insurers must pair AI adoption with stronger cyber resilience, Hong Kong’s regulator warns
Insurance Authority's Tony Chan tells IAN's APAC Cyber Risk and Insurance Summit that Hong Kong's regulator is developing a new AI governance framework to bolster cyber resilience amid rising AI-driven threats.
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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Fundamentals’ driving APAC’s asset-intensive reinsurance growth, with ample runway ahead: Aon
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‘We’re just getting started’: CyberCube bets on Asia’s cyber insurance gap as the ‘next big frontier’
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Hong Kong marine war risk pool seeks local capacity retention to wean off overseas markets, secure hub status
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‘Essential to diversify’: Taiping Re looks beyond property cat as market softens, doubles down on Hong Kong, health
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‘Bigger than an industrial revolution’: Australian MGA Kaibridge eyes growth with AI-native platform
M&A
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Allianz, Jio sign binding deal for 50:50 India insurance JV
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Envest-backed Blue Zebra rebrands following merger of SGUA, Allstate, Point Insurance
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IAG’s RACI acquisition moves to phase two ACCC investigation
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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
ESG
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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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Carbon specialist Kita expands into Australia
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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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Exclusive: Kelvin Woo set to leave QBE for Sompo Hong Kong role
Hong Kong-based Woo, who was head of corporate underwriting for Hong Kong and Macau, will join the Japanese insurer in a distribution role next month, InsuranceAsia News understands.
-
Howden appoints Kyle Chan as senior director for M&A in Asia
Hong Kong-based Chan was most recently a consultant lawyer for transactions with legal firm Linklaters.
-
Aon names Suwipamon Tan as director of power team in Thailand
Bangkok-based Tan has over two decades of experience in insurance and reinsurance roles.
-
SBI General Insurance taps Shrish Ramchandra Mahuli as chief business officer
Mahuli joins the Indian carrier from Reliance General Insurance, where he was president and head of agency and broking for motor, health and SME.
-
Fusion Specialty bolsters APAC team with pair of M&A underwriters
Jason Yoon Lee and Nicholas Wright join the specialist MGA as M&A underwriters.
-
Zurich hires Axa XL’s Marcus Seow as senior marine underwriter
He spent nearly 14 years at Axa XL as senior underwriter for marine cargo.
-
MLX Risk Partners taps Mathew Dilley as head of operations
Dilley joins from Aon Benfield in Sydney, where he had been a facultative reinsurance broker since November 2011.
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Aon promotes Lee Huang Ng to chairperson for Taiwan
Taipei-based Ng will continue in her role as broker's chief executive officer for the territory.
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+8 Partners elevates Taiwan veteran Wendy Kao to deputy chair
Taipei-based Kao will continue to serve in her role as Taiwan chief representative for Rare Earth Insurance Partners.
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Newline promotes Jack Rowsell to underwriter within Australia liability team
He has been with Newline for over nine years, having joined as an assistant underwriter in June 2016.
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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.
What’s driving APAC’s asset-intensive reinsurance market?
Pierre Vende, co-head of life and health reinsurance for Asia Pacific at Aon, talks to InsuranceAsia News about what is driving APAC's asset-intensive reinsurance market.
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.
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