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Peak Re, Suncorp, Allianz Jio Re, Aon, Lockton: 15 APAC insurance people moves of the week
Sompo, Pacific Insurance, Berkley Insurance Asia, XS Global, Markel, Marsh, Willis, Howden, Ando, Talbot, Tower, Niyam Group and PICC also made personnel changes over the last week.
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CPIC’s P&C insurance division shows ‘marked improvement’
Combined ratio fell by 1.1% to 97.5% in FY25, while the division’s primary premium income was almost flat at US$29.6bn.
CPIC’s P&C insurance division shows ‘marked improvement’
Combined ratio fell by 1.1% to 97.5% in FY25, while the division’s primary premium income was almost flat at US$29.6bn.
Combined ratio fell by 1.1% to 97.5% in FY25, while the division’s primary premium income was almost flat at US$29.6bn.
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Opinion: Will Asia be the ultimate beneficiary of Donald Trump’s Gulf maritime reinsurance plan?
Chubb has outlined the structure of the US$20bn facility, but owners may instead opt to bypass the Strait of Hormuz altogether.
Opinion: Will Asia be the ultimate beneficiary of Donald Trump’s Gulf maritime reinsurance plan?
Chubb has outlined the structure of the US$20bn facility, but owners may instead opt to bypass the Strait of Hormuz altogether.
Chubb has outlined the structure of the US$20bn facility, but owners may instead opt to bypass the Strait of Hormuz altogether.
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PICC P&C’s FY25 underwriting profit zooms 119% to US$1.8bn, COR down to 97.5%
China's largest insurer reported premium income of US$80bn, while its net profit grew 25% to US$5.8bn.
PICC P&C’s FY25 underwriting profit zooms 119% to US$1.8bn, COR down to 97.5%
China's largest insurer reported premium income of US$80bn, while its net profit grew 25% to US$5.8bn.
China's largest insurer reported premium income of US$80bn, while its net profit grew 25% to US$5.8bn.
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Jeremy Robson named acting Suncorp CEO
Robson will fill in for CEO Steve Johnston, who is taking medical leave.
Jeremy Robson named acting Suncorp CEO
Robson will fill in for CEO Steve Johnston, who is taking medical leave.
Robson will fill in for CEO Steve Johnston, who is taking medical leave.
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Ping An P&C doubles FY25 underwriting profit to US$1.5bn, COR improves to 96.8%
Chinese carrier's insurance revenue rose by 3.3% year-on-year to US$49bn.
Ping An P&C doubles FY25 underwriting profit to US$1.5bn, COR improves to 96.8%
Chinese carrier's insurance revenue rose by 3.3% year-on-year to US$49bn.
Chinese carrier's insurance revenue rose by 3.3% year-on-year to US$49bn.
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Middle East turmoil could test Asian insurers’ resilience, S&P warns
Disruptions to supply chains and heightened geopolitical tensions are expected to fuel inflation, slow growth and increase financial-market volatility, eroding insurers’ capital buffers.
Middle East turmoil could test Asian insurers’ resilience, S&P warns
Disruptions to supply chains and heightened geopolitical tensions are expected to fuel inflation, slow growth and increase financial-market volatility, eroding insurers’ capital buffers.
Disruptions to supply chains and heightened geopolitical tensions are expected to fuel inflation, slow growth and increase financial-market volatility, eroding insurers’ capital buffers.
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Allianz Jio Re JV begins operation, appoints Sonia Rawal as CEO
Mumbai-headquartered reinsurance JV will underwrite in India, effective immediately, across all lines of business, life and non-life, treaty and facultative.
Allianz Jio Re JV begins operation, appoints Sonia Rawal as CEO
Mumbai-headquartered reinsurance JV will underwrite in India, effective immediately, across all lines of business, life and non-life, treaty and facultative.
Mumbai-headquartered reinsurance JV will underwrite in India, effective immediately, across all lines of business, life and non-life, treaty and facultative.
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China Taiping’s Hong Kong P&C COR hits 103.4% in FY25 after Wang Fuk Court fire
Fall in underwriting results comes after its exposure to November's fire, which killed 168 people.
China Taiping’s Hong Kong P&C COR hits 103.4% in FY25 after Wang Fuk Court fire
Fall in underwriting results comes after its exposure to November's fire, which killed 168 people.
Fall in underwriting results comes after its exposure to November's fire, which killed 168 people.
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Kiwi insurer Tower appoints Simon Hoole as interim CFO
He replaces Angus Shelton, who will commence a period of planned extended leave from May 1, having served as interim CFO since February 2025.
Kiwi insurer Tower appoints Simon Hoole as interim CFO
He replaces Angus Shelton, who will commence a period of planned extended leave from May 1, having served as interim CFO since February 2025.
He replaces Angus Shelton, who will commence a period of planned extended leave from May 1, having served as interim CFO since February 2025.
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Talbot hires Axa XL’s Grace Yeap as property underwriter
Singapore-based Yeap was most recently crisis management and special risks underwriter at Axa XL.
Talbot hires Axa XL’s Grace Yeap as property underwriter
Singapore-based Yeap was most recently crisis management and special risks underwriter at Axa XL.
Singapore-based Yeap was most recently crisis management and special risks underwriter at Axa XL.
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Sompo names Soo Wai Har as CEO for Malaysia P&C arm
Kuala Lumpur-based Soo will take over the role from Tan Sek Kee, who will retire after nine years.
Sompo names Soo Wai Har as CEO for Malaysia P&C arm
Kuala Lumpur-based Soo will take over the role from Tan Sek Kee, who will retire after nine years.
Kuala Lumpur-based Soo will take over the role from Tan Sek Kee, who will retire after nine years.
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New Zealand’s Ando taps Mike Bodman as head of marine
He was previously based in Boston as AIG's vice president and east region manager.
New Zealand’s Ando taps Mike Bodman as head of marine
He was previously based in Boston as AIG's vice president and east region manager.
He was previously based in Boston as AIG's vice president and east region manager.
Popular posts:
- Swiss Re’s Victor Kuk to succeed Franz-Josef Hahn as Peak Re CEO
- Mosaic to close Singapore office, service Asia from Dubai
- ‘Exciting times’ for Indian market as capacity influx drives steep softening at 1.4 renewals
- ‘This isn’t Beirut, I’m staying put’: specialty (re)insurance market toughing it out in Dubai as economy suffers
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Philippine cedents ‘buying smartly’ as market softens, proportional capacity returns
Reinsurance brokers are witnessing up to 15-20% rate reduction on a risk-adjusted basis at 1.4 renewals, as nat cat losses were manageable and less severe than anticipated.
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‘Exciting times’ for Indian market as capacity influx drives steep softening at 1.4 renewals
Status as a magnet for global reinsurance capacity is driving significant rate reductions despite the ongoing conflict in the Middle East, according to brokers.
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‘This isn’t Beirut, I’m staying put’: specialty (re)insurance market toughing it out in Dubai as economy suffers
Expansion plans for Dubai International Financial Centre knocked back as regional war intensifies.
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Energy clients voice disquiet over change of cover for non-exposed Middle East territories
Global P&C insurer Chubb has outlined the structure and scope of the maritime insurance facility created in partnership with the US government, but attacks on oil and gas facilities have added to global tensions.
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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‘No longer optional’: parametric climate cover gains urgency as Asia Pacific faces accelerating volatility
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‘Big expectations’ as Gift City branch gives Mapfre Re vehicle to drive India, APAC growth: Javier Sánchez Cea
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‘Exciting and new’: Specialist Risk Group aims to put itself on the map in Australia, Southeast Asia
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Cyber on the mind for ‘next few years’ as Asian ransomware attacks more than double as digitalisation outpaces defences
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Chubb’s Evan Greenberg ‘bullish on long-term opportunity’ for Asia
M&A
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Australian broker Envest merges transport specialist MGAs
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Berkshire Hathaway to pick up 2.5% of Tokio Marine for US$1.8bn, agree quota share deal
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Sodalis acquires MGA startup Amiga Specialty for US$2.4m
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Legacy specialist RiverStone launches Australian unit led by Mark Fleiser, strikes Zurich LPT deal
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Warburg Pincus weighs sale of Oona Insurance after buyer interest: Bloomberg
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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Jeremy Robson named acting Suncorp CEO
Robson will fill in for CEO Steve Johnston, who is taking medical leave.
-
Allianz Jio Re JV begins operation, appoints Sonia Rawal as CEO
Mumbai-headquartered reinsurance JV will underwrite in India, effective immediately, across all lines of business, life and non-life, treaty and facultative.
-
Kiwi insurer Tower appoints Simon Hoole as interim CFO
He replaces Angus Shelton, who will commence a period of planned extended leave from May 1, having served as interim CFO since February 2025.
-
Talbot hires Axa XL’s Grace Yeap as property underwriter
Singapore-based Yeap was most recently crisis management and special risks underwriter at Axa XL.
-
Sompo names Soo Wai Har as CEO for Malaysia P&C arm
Kuala Lumpur-based Soo will take over the role from Tan Sek Kee, who will retire after nine years.
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New Zealand’s Ando taps Mike Bodman as head of marine
He was previously based in Boston as AIG's vice president and east region manager.
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Willis appoints Albert Andrew as finex leader for Southeast Asia
He was most recently WTW's finex facultative leader for the region.
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XS Global hires Daniel Abramson as head of construction underwriting for APAC
Abramson, who previously worked at AIG for 17 years, will be based in Hong Kong.
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Aon’s Marcus Piristi joins Marsh as Pacific head of energy
Adelaide-based Piristi had spent nearly 13 years in global and corporate client roles at Aon.
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Aon promotes ‘go‑to broker’ Anita Vivekananda to APAC MD of transaction solutions
Sydney-based Vivekananda has been with Aon for over a decade and was previously the Pacific head of transaction solutions.
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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.
Japanese non-life insurers to outperform life firms on fundamentals: Fitch’s Morinaga
Teruki Morinaga, director of insurance at Fitch Ratings in Tokyo, talks to InsuranceAsia News on the market forces shaping Japan's insurance sector.
Greater local investor participation in ILS needed: Peak Re’s Reynolds
Iain Reynolds, head of third party capital at Peak Re, talks to InsuranceAsia News about the development of Asia's insurance-linked securities market
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