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Swiss Re CorSo eyes data centres, ART, Japan as key pillars for Asian specialty push
Head of Asia Robert Hunziker tells InsuranceAsia News that strong results and a QBE deal have boosted confidence, but discipline and client focus remain key amid market cycles.
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Lloyd’s launches Chubb-backed marine war risk consortium for Strait of Hormuz
It will provide up to US$200m of capacity separately for hull and P&I risks, with an additional US$200m of dedicated cargo capacity.
Lloyd’s launches Chubb-backed marine war risk consortium for Strait of Hormuz
It will provide up to US$200m of capacity separately for hull and P&I risks, with an additional US$200m of dedicated cargo capacity.
It will provide up to US$200m of capacity separately for hull and P&I risks, with an additional US$200m of dedicated cargo capacity.
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GT Insurance taps Arron Mann as chief operating officer
He joins the partner agency of Allianz Broker Australia that specialises in the Australian transport sector having spent the last nine years at QBE Insurance.
GT Insurance taps Arron Mann as chief operating officer
He joins the partner agency of Allianz Broker Australia that specialises in the Australian transport sector having spent the last nine years at QBE Insurance.
He joins the partner agency of Allianz Broker Australia that specialises in the Australian transport sector having spent the last nine years at QBE Insurance.
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Sompo appoints Henry MacHale as CUO, head of strategy for its international market
Sompo’s international markets comprises 22 countries across four regions: the United Kingdom, Asia Pacific, Continental Europe including Turkey, and Brazil.
Sompo appoints Henry MacHale as CUO, head of strategy for its international market
Sompo’s international markets comprises 22 countries across four regions: the United Kingdom, Asia Pacific, Continental Europe including Turkey, and Brazil.
Sompo’s international markets comprises 22 countries across four regions: the United Kingdom, Asia Pacific, Continental Europe including Turkey, and Brazil.
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ARPC taps Cameron Hick as next CUO
He will work alongside current CUO Michael Pennell, who will commence leave on September 14 before retiring on November 27.
ARPC taps Cameron Hick as next CUO
He will work alongside current CUO Michael Pennell, who will commence leave on September 14 before retiring on November 27.
He will work alongside current CUO Michael Pennell, who will commence leave on September 14 before retiring on November 27.
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VIG Re, GIC Re, Tysers, Aon: 8 APAC insurance people moves of the week
Swiss Re, AIG, Liberty and Crawford also made personnel changes over the last week.
VIG Re, GIC Re, Tysers, Aon: 8 APAC insurance people moves of the week
Swiss Re, AIG, Liberty and Crawford also made personnel changes over the last week.
Swiss Re, AIG, Liberty and Crawford also made personnel changes over the last week.
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‘We need to stay relevant’: IUA director highlights communication as key to closing protection gap
Tom Hughes urges insurers and risk managers to deepen dialogue and move beyond traditional siloed products to close a widening protection gap driven by converging emerging risks.
‘We need to stay relevant’: IUA director highlights communication as key to closing protection gap
Tom Hughes urges insurers and risk managers to deepen dialogue and move beyond traditional siloed products to close a widening protection gap driven by converging emerging risks.
Tom Hughes urges insurers and risk managers to deepen dialogue and move beyond traditional siloed products to close a widening protection gap driven by converging emerging risks.
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LMA welcomes US-Iran deal, but warns of ‘long, complicated’ shipping recovery, as insurer urges caution
Lloyd’s Market Association (LMA) says certain practical steps are required, while Charlie Zheng, co-head of marine for greater China at Markel, says the threat environment will take time to normalise.
LMA welcomes US-Iran deal, but warns of ‘long, complicated’ shipping recovery, as insurer urges caution
Lloyd’s Market Association (LMA) says certain practical steps are required, while Charlie Zheng, co-head of marine for greater China at Markel, says the threat environment will take time to normalise.
Lloyd’s Market Association (LMA) says certain practical steps are required, while Charlie Zheng, co-head of marine for greater China at Markel, says the threat environment will take time to normalise.
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Asia’s renewable expansion increases risk complexity as insurance shifts to strategic role: WTW
Insurance is shifting from a transactional requirement to a strategic enabler as underwriters grow more selective amid climate volatility, supply chain disruption and evolving technologies.
Asia’s renewable expansion increases risk complexity as insurance shifts to strategic role: WTW
Insurance is shifting from a transactional requirement to a strategic enabler as underwriters grow more selective amid climate volatility, supply chain disruption and evolving technologies.
Insurance is shifting from a transactional requirement to a strategic enabler as underwriters grow more selective amid climate volatility, supply chain disruption and evolving technologies.
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Crawford appoints duo as loss adjusters in Singapore
Eileen Chew and Alice Lee have over a decade of experience in roles with loss adjusters.
Crawford appoints duo as loss adjusters in Singapore
Eileen Chew and Alice Lee have over a decade of experience in roles with loss adjusters.
Eileen Chew and Alice Lee have over a decade of experience in roles with loss adjusters.
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Dana Sun joins AIG as senior commercial property underwriter
She has over 15 years of experience in Singapore and South Korea's (re)insurance industry.
Dana Sun joins AIG as senior commercial property underwriter
She has over 15 years of experience in Singapore and South Korea's (re)insurance industry.
She has over 15 years of experience in Singapore and South Korea's (re)insurance industry.
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BirdsEyeView spies Australia as ‘competitive edge’ opportunity with new wildfire model after seven-figure funding
Seasonality of bushfires in Australia is shifting due to climate change, according to founder and CEO James Rendell.
BirdsEyeView spies Australia as ‘competitive edge’ opportunity with new wildfire model after seven-figure funding
Seasonality of bushfires in Australia is shifting due to climate change, according to founder and CEO James Rendell.
Seasonality of bushfires in Australia is shifting due to climate change, according to founder and CEO James Rendell.
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Underwriters far from returning to pre-war war risk pricing even as US-Iran deal looms, brokers say
Marine war rates are likely to remain around 1% for the next week or so, with a possible drop to the 0.8%–0.6% range in the subsequent week should there be genuine and sustained signs of de-escalation.
Underwriters far from returning to pre-war war risk pricing even as US-Iran deal looms, brokers say
Marine war rates are likely to remain around 1% for the next week or so, with a possible drop to the 0.8%–0.6% range in the subsequent week should there be genuine and sustained signs of de-escalation.
Marine war rates are likely to remain around 1% for the next week or so, with a possible drop to the 0.8%–0.6% range in the subsequent week should there be genuine and sustained signs of de-escalation.
Popular posts:
- Philippines quake claims expected to escalate, testing local claims management, loss adjusters say
- Markel accelerates Asia push in bid to rebalance global book, but ‘not before we are ready’
- Crawford appoints duo as loss adjusters in Singapore
- Strong demand drives ‘phenomenal’ growth of India’s new kid on the block
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Strong demand drives ‘phenomenal’ growth of India’s new kid on the block
Nascent surety market is seen as a huge opportunity for the (re)insurance industry, with conservative estimates indicating a potential expansion to nearly US$1bn by 2030.
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Asia’s protection gap remains stubbornly persistent as new exposures remain uninsured
Swiss Re Institute identifies economic growth as the main driver of rising exposure, with the protection gap broadly tracking nominal GDP growth.
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Philippines quake claims expected to escalate, testing local claims management, loss adjusters say
Region is still assessing widespread destruction after the 7.8 quake struck south of General Santos City last week, with loss adjusters warning that early loss estimates will climb as structural defects, foundation movement, hidden damage, and BI exposures emerge.
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Middle East conflict: world ‘in the foothills’ of prolonged war, insurers told
Richard Shirreff, former deputy supreme commander Europe for NATO, has told insurers to brace themselves and their clients for the Middle East conflict ‘lasting for years, not months’.
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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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
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Markel accelerates Asia push in bid to rebalance global book, but ‘not before we are ready’
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Cargo parametric insurer charts route to US$68bn protection gap with ‘new shiny object’
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Lockton Asia CEO targets doubling revenue by 2030, bets on specialty lines and employee benefits
M&A
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ACCC approves Zurich-Beazley deal, finds ‘unlikely’ threat to competition
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Steadfast draws US$5.4bn takeover bid from Amwins, Dragoneer
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Steadfast receives takeover offer
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Allianz Partners to acquire nib’s Australia, New Zealand travel portfolio
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Cyber specialist Emergence acquires renewal rights to Blue Zebra’s cyber portfolio
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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GT Insurance taps Arron Mann as chief operating officer
He joins the partner agency of Allianz Broker Australia that specialises in the Australian transport sector having spent the last nine years at QBE Insurance.
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Sompo appoints Henry MacHale as CUO, head of strategy for its international market
Sompo’s international markets comprises 22 countries across four regions: the United Kingdom, Asia Pacific, Continental Europe including Turkey, and Brazil.
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ARPC taps Cameron Hick as next CUO
He will work alongside current CUO Michael Pennell, who will commence leave on September 14 before retiring on November 27.
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Crawford appoints duo as loss adjusters in Singapore
Eileen Chew and Alice Lee have over a decade of experience in roles with loss adjusters.
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Dana Sun joins AIG as senior commercial property underwriter
She has over 15 years of experience in Singapore and South Korea's (re)insurance industry.
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India’s GIC Re appoints Hitesh Joshi as chairman, MD
He most recently served as interim chairman and MD, following the retirement of Ramaswamy Narayanan.
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Liberty Mutual hands Defne Turkes additional global president, MD role
Singapore-based Turkes will lead strategic growth across commercial insurance for Liberty International Insurance globally as well as retail markets in Asia.
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Tysers appoints William Furness-Smith as interim Singapore CEO
Permanent appointment as Babita Rai's successor is subject to approval from the Monetary Authority of Singapore.
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VIG Re names Wilfrid Goh as chief representative for APAC
Singapore-based Goh will lead the establishment of VIG Re’s presence in Singapore, effective from July 1, and will report to managing director Marc Haushofer.
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Swiss Re promotes Torben Swart to MD, head of technical & operational excellence for APAC ex-China
Hong Kong-based Swart most recently served as head of L&H reinsurance for Hong Kong and Taiwan.
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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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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.
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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.
‘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