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Nat cat insured losses reach US$107bn, driven by LA wildfires and severe convective storms
With losses at US$89bn, the US is again the most affected market in 2025, Swiss Re Institute says.
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Everest’s Adam Clifford rejoins AIG as CEO for international commercial insurance
Clifford previously spent over seven years at AIG in casualty roles in London and Singapore.
Everest’s Adam Clifford rejoins AIG as CEO for international commercial insurance
Clifford previously spent over seven years at AIG in casualty roles in London and Singapore.
Clifford previously spent over seven years at AIG in casualty roles in London and Singapore.
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Malaysia’s non-life insurance remains well-positioned despite economic moderation: AM Best
Rating agency maintains its stable outlook on Malaysia's non-life insurance segment, citing supportive regulatory initiatives, among other factors.
Malaysia’s non-life insurance remains well-positioned despite economic moderation: AM Best
Rating agency maintains its stable outlook on Malaysia's non-life insurance segment, citing supportive regulatory initiatives, among other factors.
Rating agency maintains its stable outlook on Malaysia's non-life insurance segment, citing supportive regulatory initiatives, among other factors.
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Bondi Beach attack declared terrorism incident, Australia’s Terrorism Reinsurance Pool activated
Insurance Council of Australia also declares Sunday's incident as a 'significant event'.
Bondi Beach attack declared terrorism incident, Australia’s Terrorism Reinsurance Pool activated
Insurance Council of Australia also declares Sunday's incident as a 'significant event'.
Insurance Council of Australia also declares Sunday's incident as a 'significant event'.
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Markel appoints Pavi Siriharan as operations manager for Australia
Melbourne-based Siriharan was with Chubb for 17 years, most recently as commercial operations manager for Australia and New Zealand.
Markel appoints Pavi Siriharan as operations manager for Australia
Melbourne-based Siriharan was with Chubb for 17 years, most recently as commercial operations manager for Australia and New Zealand.
Melbourne-based Siriharan was with Chubb for 17 years, most recently as commercial operations manager for Australia and New Zealand.
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Andy Gunawan joins Dual New Zealand as commerial underwriter
Auckland-based Gunawan previoulsy spent over six and a half years with IAG.
Andy Gunawan joins Dual New Zealand as commerial underwriter
Auckland-based Gunawan previoulsy spent over six and a half years with IAG.
Auckland-based Gunawan previoulsy spent over six and a half years with IAG.
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XS Global launches APAC arm in Hong Kong, backed by Lloyd’s
XS Global Asia Pacific will led by APAC CEO and XS Global ExCom member Steven Barnett.
XS Global launches APAC arm in Hong Kong, backed by Lloyd’s
XS Global Asia Pacific will led by APAC CEO and XS Global ExCom member Steven Barnett.
XS Global Asia Pacific will led by APAC CEO and XS Global ExCom member Steven Barnett.
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Sheena Fraser joins Howden’s Asia carrier management team
Fraser has relocated to Singapore from Australia having held various underwriting roles at global insurers.
Sheena Fraser joins Howden’s Asia carrier management team
Fraser has relocated to Singapore from Australia having held various underwriting roles at global insurers.
Fraser has relocated to Singapore from Australia having held various underwriting roles at global insurers.
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Allianz Commercial Japan hires HDI’s Darren Livengood as claims leader
Tokyo-based Livengood was previously head of claims for Japan at HDI for over five years.
Allianz Commercial Japan hires HDI’s Darren Livengood as claims leader
Tokyo-based Livengood was previously head of claims for Japan at HDI for over five years.
Tokyo-based Livengood was previously head of claims for Japan at HDI for over five years.
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East Coast hailstorms to costs insurers US$736m: Perils
Figure covers property and motor hull lines of business collected from the majority of affected insurance firms for the hailstorms in Queensland, New South Wales and Victoria between October 26 and November 1.
East Coast hailstorms to costs insurers US$736m: Perils
Figure covers property and motor hull lines of business collected from the majority of affected insurance firms for the hailstorms in Queensland, New South Wales and Victoria between October 26 and November 1.
Figure covers property and motor hull lines of business collected from the majority of affected insurance firms for the hailstorms in Queensland, New South Wales and Victoria between October 26 and November 1.
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ARPC asks to be notified of potential terrorism pool claims from Bondi shooting
Government-backed terrorism pool will only take effect once the minister declares a terrorist incident.
ARPC asks to be notified of potential terrorism pool claims from Bondi shooting
Government-backed terrorism pool will only take effect once the minister declares a terrorist incident.
Government-backed terrorism pool will only take effect once the minister declares a terrorist incident.
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Starr International Insurance Thailand to benefit from stronger underwriting, business transformation: AM Best
AM Best upgrades rating to A (Excellent) with a stable outlook, citing improved operating performance, strongest‑level risk‑adjusted capitalisation and continued support from Starr Group.
Starr International Insurance Thailand to benefit from stronger underwriting, business transformation: AM Best
AM Best upgrades rating to A (Excellent) with a stable outlook, citing improved operating performance, strongest‑level risk‑adjusted capitalisation and continued support from Starr Group.
AM Best upgrades rating to A (Excellent) with a stable outlook, citing improved operating performance, strongest‑level risk‑adjusted capitalisation and continued support from Starr Group.
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Helvetia snaps up Alex Lee as Asia claims manager
Singapore-based Lee joins from Mapletree, having also worked for Chubb and Marsh.
Helvetia snaps up Alex Lee as Asia claims manager
Singapore-based Lee joins from Mapletree, having also worked for Chubb and Marsh.
Singapore-based Lee joins from Mapletree, having also worked for Chubb and Marsh.
Popular posts:
- Chubb appoints Chris Colahan as head of APAC commercial property and casualty
- AIG hires Everest’s Scott Leney as APAC regional president, succeeding Chris Colahan
- Japan downgrades loss estimates from a potential Tokyo earthquake to US$530bn
- Descartes shakes things up with Japan earthquake launch, treaty parametric push to drive APAC growth
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‘Humming’ India to be priority for insurers in 2026 amid market reforms, GDP growth
Move to allow 100% foreign ownership of insurance companies, and rapid economic growth, will drive a wave of dealmaking.
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P&I clubs all at sea ahead of renewals as they seek to navigate new claims normal
International Group of P&I Clubs are eyeing premium increases ranging from 4-8% in February's renewals.
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Tighter solvency regimes, market disruptions driving Asian demand for structured solutions: Swiss Re’s Kaspar Mueller
Capital motivation, volatility protection and leveraging capital for growth are key motivations for cedent's seeking structured programs, the reinsuer's CUO for structured solutions says.
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Consolidation unlikely to slow amid shifting, costly regulatory landscape: Helvetia CEO Fabian Rupprecht
Data centres, natural catastrophes and robotics 'are real opportunities' for growth, he also tells 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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‘Enabling, not disrupting’: bolttech’s data-driven push to close the global protection gap
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Descartes shakes things up with Japan earthquake launch, treaty parametric push to drive APAC growth
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HDI Global eyes ‘one-stop shop’ with further hires, product launches in Southeast Asia
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Not resting on their laurels, people-powered Miller eyes seat at South Korea’s top table
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After Hong Kong and Singapore’s flying start, Malaysian Re mulls ILS market entry amid ‘early stage’ discussions
M&A
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‘Humming’ India to be priority for insurers in 2026 amid market reforms, GDP growth
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India’s cabinet approves 100% FDI for insurance companies
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ACCC opposes IAG’s deal for RAC Insurance
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Mitsui Sumitomo to get WR Berkley board seat after 12.5% stake acquisition
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Steadfast shares rise following report of Blackstone interest
ESG
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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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With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
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Cybersecurity is no longer just an IT concern, but a governance issue that belongs on the boardroom agenda.
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Insurance industry needs to recalibrate, invest in innovation and strengthen systems, talent and data practices.
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Everest’s Adam Clifford rejoins AIG as CEO for international commercial insurance
Clifford previously spent over seven years at AIG in casualty roles in London and Singapore.
-
Markel appoints Pavi Siriharan as operations manager for Australia
Melbourne-based Siriharan was with Chubb for 17 years, most recently as commercial operations manager for Australia and New Zealand.
-
Andy Gunawan joins Dual New Zealand as commerial underwriter
Auckland-based Gunawan previoulsy spent over six and a half years with IAG.
-
Sheena Fraser joins Howden’s Asia carrier management team
Fraser has relocated to Singapore from Australia having held various underwriting roles at global insurers.
-
Allianz Commercial Japan hires HDI’s Darren Livengood as claims leader
Tokyo-based Livengood was previously head of claims for Japan at HDI for over five years.
-
Helvetia snaps up Alex Lee as Asia claims manager
Singapore-based Lee joins from Mapletree, having also worked for Chubb and Marsh.
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Liberty Specialty Markets’ cyber lead Angela Messih confirms BHSI switch in 2026
Sydney-based Messih has been with Liberty Specialty Markets since May 2016, most recently as cyber lead and senior claims specialist for professional and financial risks.
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AIG hires Everest’s Scott Leney as APAC regional president, succeeding Chris Colahan
Leney will start in the new role from February 1, taking over from Colahan, who is joining Chubb.
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Chubb appoints Chris Colahan as head of APAC commercial property and casualty
Colahan will join Chubb in February from AIG, where he has been regional president for APAC since 2023.
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Cory Chow joins Sedgwick as managing director of Asia global specialty marine
Hong Kong-based Chow has over three decades of experience in marine loss adjusting with Charles Taylor.
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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.
Cyber insurance has a long way to go to reach next level, says WTW’s Carlos Grijalva, amid soaring demand in Asia
Carlos Grijalva, cyber leader for Hong Kong and greater China at WTW, talks to InsuranceAsia News about the development of the cyber market in Asia.
Building resilience, mitigating risk in APAC’s commercial property insurance market
Martin Au-Yeung, vice president and division underwriting manager at FM, talks to InsuranceAsia News.
Marine: "Post-pandemic machinery-related losses have become an even more significant issue. Mechanical failures can undermine vessel safety, operational integrity, regulatory compliance, reputation, and even financial stability."
Bo Yu, Markel