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Peak-loss scenarios could drive insured nat cat losses to US$300bn in 2026: Swiss Re
If losses return to normal long-term levels, insured losses from natural catastrophes may top US$148bn this year, compared with US$102bn last year, according to Swiss Re Institute’s Sigma report.
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Swiss Re appoints Dinesh Kumar as senior casualty treaty underwriter
Singapore-based Kumar joins Swiss Re from Munich Re, where he spent six years.
Swiss Re appoints Dinesh Kumar as senior casualty treaty underwriter
Singapore-based Kumar joins Swiss Re from Munich Re, where he spent six years.
Singapore-based Kumar joins Swiss Re from Munich Re, where he spent six years.
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Sompo’s overseas profit to exceed 50% of total in FY26: Fitch
Insurer's relevant probable maximum losses from the Iran conflict will be limited, the rating agency said.
Sompo’s overseas profit to exceed 50% of total in FY26: Fitch
Insurer's relevant probable maximum losses from the Iran conflict will be limited, the rating agency said.
Insurer's relevant probable maximum losses from the Iran conflict will be limited, the rating agency said.
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Lloyd’s GWP grows 4.3% to GBP57.9bn in FY25
Lloyd's market was boosted by 'strong underwriting performance, disciplined growth, and resilient investment returns' in FY25, according to CEO Patrick Tiernan.
Lloyd’s GWP grows 4.3% to GBP57.9bn in FY25
Lloyd's market was boosted by 'strong underwriting performance, disciplined growth, and resilient investment returns' in FY25, according to CEO Patrick Tiernan.
Lloyd's market was boosted by 'strong underwriting performance, disciplined growth, and resilient investment returns' in FY25, according to CEO Patrick Tiernan.
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Price Forbes expands Lectio follow facility to APAC property, energy risks
Lectio can now follow approved leads in Singapore and Dubai, although business will continue to be written on a London slip.
Price Forbes expands Lectio follow facility to APAC property, energy risks
Lectio can now follow approved leads in Singapore and Dubai, although business will continue to be written on a London slip.
Lectio can now follow approved leads in Singapore and Dubai, although business will continue to be written on a London slip.
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Chinese insurer Sunshine grows GWP 17.4% to US$21.9bn in FY25
Hong Kong-listed Sunshine says it made 'steady and solid' progress, recording a net profit of US$918m.
Chinese insurer Sunshine grows GWP 17.4% to US$21.9bn in FY25
Hong Kong-listed Sunshine says it made 'steady and solid' progress, recording a net profit of US$918m.
Hong Kong-listed Sunshine says it made 'steady and solid' progress, recording a net profit of US$918m.
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QBE launches transaction liability practice in Asia with Reuben Lee appointment
Singapore-based Lee, who joins from Willis, will focus on growth and risk management in the M&A insurance space.
QBE launches transaction liability practice in Asia with Reuben Lee appointment
Singapore-based Lee, who joins from Willis, will focus on growth and risk management in the M&A insurance space.
Singapore-based Lee, who joins from Willis, will focus on growth and risk management in the M&A insurance space.
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Teresa Pollard named interim Delta Insurance Group CEO
She replaces Kent Chaplin, who is stepping down after seven years in charge of the MGA.
Teresa Pollard named interim Delta Insurance Group CEO
She replaces Kent Chaplin, who is stepping down after seven years in charge of the MGA.
She replaces Kent Chaplin, who is stepping down after seven years in charge of the MGA.
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Strait of Hormuz hull, cargo headline rates jump 400%+ as war risk pricing remains ‘highly volatile’
Large operators with strong commercial leverage and effective broker support can reduce premiums substantially through mechanisms such as no-claims bonuses, brokers and underwriters told InsuranceAsia News.
Strait of Hormuz hull, cargo headline rates jump 400%+ as war risk pricing remains ‘highly volatile’
Large operators with strong commercial leverage and effective broker support can reduce premiums substantially through mechanisms such as no-claims bonuses, brokers and underwriters told InsuranceAsia News.
Large operators with strong commercial leverage and effective broker support can reduce premiums substantially through mechanisms such as no-claims bonuses, brokers and underwriters told InsuranceAsia News.
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Drone strike on Dubai airport puts 119 aircraft worth US$12bn at risk: Russell
Flight cancellations, some lasting till June, highlight that aviation sector is on the front line of the conflict in the Middle East, according to the specialty risk intelligence specialist.
Drone strike on Dubai airport puts 119 aircraft worth US$12bn at risk: Russell
Flight cancellations, some lasting till June, highlight that aviation sector is on the front line of the conflict in the Middle East, according to the specialty risk intelligence specialist.
Flight cancellations, some lasting till June, highlight that aviation sector is on the front line of the conflict in the Middle East, according to the specialty risk intelligence specialist.
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‘Biggest system in living memory’ edges towards Australia’s coast, ARPC declares event
Tropical Cyclone Narelle, which developed off flood-hit Queensland’s far north, is the eighth of Australia’s storm season.
‘Biggest system in living memory’ edges towards Australia’s coast, ARPC declares event
Tropical Cyclone Narelle, which developed off flood-hit Queensland’s far north, is the eighth of Australia’s storm season.
Tropical Cyclone Narelle, which developed off flood-hit Queensland’s far north, is the eighth of Australia’s storm season.
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India steps up efforts to create P&I club amid escalating Iran conflict: reports
Shipping ministry has held discussions with the Department of Financial Services on starting a homegrown club.
India steps up efforts to create P&I club amid escalating Iran conflict: reports
Shipping ministry has held discussions with the Department of Financial Services on starting a homegrown club.
Shipping ministry has held discussions with the Department of Financial Services on starting a homegrown club.
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Indonesia to launch national parametric products for coffee, cocoa farmers
Insurtech Blue Marble, state-owned insurer Asuransi Jasindo, and the InsuResilience Solutions Fund are co-funding the development and implementation, with support from the Ministry of Agriculture.
Indonesia to launch national parametric products for coffee, cocoa farmers
Insurtech Blue Marble, state-owned insurer Asuransi Jasindo, and the InsuResilience Solutions Fund are co-funding the development and implementation, with support from the Ministry of Agriculture.
Insurtech Blue Marble, state-owned insurer Asuransi Jasindo, and the InsuResilience Solutions Fund are co-funding the development and implementation, with support from the Ministry of Agriculture.
Popular posts:
- Drone strike on Dubai airport puts 119 aircraft worth US$12bn at risk: Russell
- Munich Re ships Sompo veteran Koki Shiomi as marine underwriter in Japan
- Howden folds India business into Rohan Bhappu-led Asia division
- The million-dollar question: is a standalone AI cover needed to tackle rising silent risks?
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Insurers brace for fallout as Iran conflict ‘not a single-line issue’
Industry expects the ripple effects of the conflict to drive disruption-related losses, rather than physical damage.
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Softening mining market tests insurers as ESG lines blur, capacity surges
Expanding capital, easing ESG positions and aggressive competition are reshaping Australian mining insurance, even as tailings storage facilities, water risks and climate volatility keep underwriting discipline under pressure
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Hong Kong’s drifted off course, but has time to right marine insurance strength with cargo focus: Philip Bilney
City has 'perhaps not done enough' compared to Singapore to continue to attract talent and improve its offering, executive chairman of +8 Partners tells InsuranceAsia News’ Between the Lines podcast.
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The million-dollar question: is a standalone AI cover needed to tackle rising silent risks?
As AI becomes deeply embedded across industries, Lockton’s cyber and technology head Carlo Ramadoro says insurers may need to develop a all-risks AI policy to address growing uncertainty around coverage.
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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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
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Steadfast acquires food and beverage specialist broker Victual
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IRDAI clears Allianz Jio Re, Kiwi General to begin operations
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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Swiss Re appoints Dinesh Kumar as senior casualty treaty underwriter
Singapore-based Kumar joins Swiss Re from Munich Re, where he spent six years.
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QBE launches transaction liability practice in Asia with Reuben Lee appointment
Singapore-based Lee, who joins from Willis, will focus on growth and risk management in the M&A insurance space.
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Teresa Pollard named interim Delta Insurance Group CEO
She replaces Kent Chaplin, who is stepping down after seven years in charge of the MGA.
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Willis adds quartet to India aviation, aerospace team
Specialist brokers Nisha Solanki, Rushabh Thakkar, Shrutik Pitale and Ganesh Bangera have all joined from Aon.
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BPL sets up shop in Japan amid international expansion, names Kenichi Iwakura CEO
Credit and political risk insurance broker already has offices in London, Paris, New York, Singapore, Hong Kong, and Geneva.
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Francis Lim joins Sompo as Singapore financial lines lead
He has over 24 years of experience in financial lines underwriting.
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Howden folds India business into Rohan Bhappu-led Asia division
Paul Redgate becomes chairman of Howden India as part of the broker’s global reorganisation.
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Price Forbes boosts newly formed treaty reinsurance team in Singapore
Goh Thian Leong, Mark Foster and Florence Lam Puoy Yin join with immediate effect.
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BHSI appoints Julian Baumbach as ANZ head of motor
He was most recently motor underwriting manager of New South Wales and Australian Capital Territory at Zurich Insurance.
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Market Lane revamps Australia leadership, underwriting teams to support ‘continued growth’
Managing director David Porteous named CEO, with Toby Salmon, Shane Golding and Matthew Porteous assuming managing director roles.
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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.
Development of Asia’s ILS market with Peak Re’s Iain Reynolds
Iain Reynolds, head of third party capital at Peak Re, talks to InsuranceAsia News about the development of Asia's ILS market
1.1 renewals takeaways and 2026 market outlook with Gallagher Re’s Mark O’Brien
Mark O'Brien, head of Asia Pacific at Gallagher Re, talks to InsuranceAsia News about the 1.1 renewals and the outlook for the 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