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Sompo APAC’s consumer business targets sustainable expansion as regulators push market discipline
Division is strengthening its position in markets such as Thailand and China, expanding beyond motor into health, personal accident, and travel, while also scaling regional distribution partnerships, Bill Zhang, president of consumer lines for APAC, tells InsuranceAsia News.
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IAG reaches settlement with White Oak over Greensill claims
Financial terms were not disclosed, but the insurer says it is the last remaining proceeding in the Federal Court of Australia.
IAG reaches settlement with White Oak over Greensill claims
Financial terms were not disclosed, but the insurer says it is the last remaining proceeding in the Federal Court of Australia.
Financial terms were not disclosed, but the insurer says it is the last remaining proceeding in the Federal Court of Australia.
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APAC powers marine insurance growth amid soft market as China consolidates dominance: IUMI
APAC accounted for 30.8% of the US$42.6 billion global marine insurance market in 2025, according to International Union of Marine Insurance (IUMI) data.
APAC powers marine insurance growth amid soft market as China consolidates dominance: IUMI
APAC accounted for 30.8% of the US$42.6 billion global marine insurance market in 2025, according to International Union of Marine Insurance (IUMI) data.
APAC accounted for 30.8% of the US$42.6 billion global marine insurance market in 2025, according to International Union of Marine Insurance (IUMI) data.
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Baltimore Bridge claim, geopolitics set to push P&I reinsurance costs higher as Lockton forecasts 5% average increase for 2027
With large increases expected at the upcoming group reinsurance renewals, International Group of P&I Clubs will have to strike a balance between general increases and capital returns, Lockton says.
Baltimore Bridge claim, geopolitics set to push P&I reinsurance costs higher as Lockton forecasts 5% average increase for 2027
With large increases expected at the upcoming group reinsurance renewals, International Group of P&I Clubs will have to strike a balance between general increases and capital returns, Lockton says.
With large increases expected at the upcoming group reinsurance renewals, International Group of P&I Clubs will have to strike a balance between general increases and capital returns, Lockton says.
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FM to offer 10% premium offset on 2027 renewals following record-low losses
The US$855m resilience credit program supports clients' action on recommendations involving climate hazards and operational exposures.
FM to offer 10% premium offset on 2027 renewals following record-low losses
The US$855m resilience credit program supports clients' action on recommendations involving climate hazards and operational exposures.
The US$855m resilience credit program supports clients' action on recommendations involving climate hazards and operational exposures.
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Lockton expands in New Zealand with Wellington office, Marsh and WTW hires
Broker appoints Felix Ukaegbu as general manager of the new office and James Earwaker as client director for financial lines.
Lockton expands in New Zealand with Wellington office, Marsh and WTW hires
Broker appoints Felix Ukaegbu as general manager of the new office and James Earwaker as client director for financial lines.
Broker appoints Felix Ukaegbu as general manager of the new office and James Earwaker as client director for financial lines.
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Envest Agencies rebrands, hires Belinda Steedman as CEO
Business will become Orvia Australia and New Zealand as parent firm Ardonagh rebrands its global MGA businesses to Orvia Underwriting.
Envest Agencies rebrands, hires Belinda Steedman as CEO
Business will become Orvia Australia and New Zealand as parent firm Ardonagh rebrands its global MGA businesses to Orvia Underwriting.
Business will become Orvia Australia and New Zealand as parent firm Ardonagh rebrands its global MGA businesses to Orvia Underwriting.
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S&P revises Allianz Japan outlook to positive following group ratings revision
Ratings agency affirms its AA long-term issuer credit and financial strength ratings for AGCS Japan.
S&P revises Allianz Japan outlook to positive following group ratings revision
Ratings agency affirms its AA long-term issuer credit and financial strength ratings for AGCS Japan.
Ratings agency affirms its AA long-term issuer credit and financial strength ratings for AGCS Japan.
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Chaucer names Jay Bae as APAC lead underwriter for agriculture
Singapore-based Bae joins from Swiss Re, where he was most recently the head of agriculture for Southeast Asia, Australia, New Zealand, Japan and South Korea.
Chaucer names Jay Bae as APAC lead underwriter for agriculture
Singapore-based Bae joins from Swiss Re, where he was most recently the head of agriculture for Southeast Asia, Australia, New Zealand, Japan and South Korea.
Singapore-based Bae joins from Swiss Re, where he was most recently the head of agriculture for Southeast Asia, Australia, New Zealand, Japan and South Korea.
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Halliwell acquires New Zealand’s Maynard Marks to expand Asia Pacific presence
Acquisition of one of New Zealand's leading property and building consultancies expands Halliwell APAC's existing suite of specialist services, supporting insurers, reinsurers, brokers, legal firms, property owners, and public sector organisations.
Halliwell acquires New Zealand’s Maynard Marks to expand Asia Pacific presence
Acquisition of one of New Zealand's leading property and building consultancies expands Halliwell APAC's existing suite of specialist services, supporting insurers, reinsurers, brokers, legal firms, property owners, and public sector organisations.
Acquisition of one of New Zealand's leading property and building consultancies expands Halliwell APAC's existing suite of specialist services, supporting insurers, reinsurers, brokers, legal firms, property owners, and public sector organisations.
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APAC insurers’ ability to reprice risks will help preserve profitability: Moody’s
Regulatory capital frameworks, enhanced risk selection, diversified portfolios, and advanced analytics will help insurers expand coverage while maintaining capital strength and balance sheet resilience, the rating agency said in a sectoral report.
APAC insurers’ ability to reprice risks will help preserve profitability: Moody’s
Regulatory capital frameworks, enhanced risk selection, diversified portfolios, and advanced analytics will help insurers expand coverage while maintaining capital strength and balance sheet resilience, the rating agency said in a sectoral report.
Regulatory capital frameworks, enhanced risk selection, diversified portfolios, and advanced analytics will help insurers expand coverage while maintaining capital strength and balance sheet resilience, the rating agency said in a sectoral report.
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Sompo taps Azra Amir as head of operations in Australia
She joins from Aon, having previously spent over 15 and a half years at Liberty Specialty Markets in Asia Pacific.
Sompo taps Azra Amir as head of operations in Australia
She joins from Aon, having previously spent over 15 and a half years at Liberty Specialty Markets in Asia Pacific.
She joins from Aon, having previously spent over 15 and a half years at Liberty Specialty Markets in Asia Pacific.
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Onshore captives, third-party capital primed for rapid growth in APAC: BlackRock
Insurers must think holistically about their balance sheets, assets, liabilities, and limited capital, about using more reinsurance to free up capacity for products they want to grow, the asset manager's global insurance strategist Mike Erickson tells IAN.
Onshore captives, third-party capital primed for rapid growth in APAC: BlackRock
Insurers must think holistically about their balance sheets, assets, liabilities, and limited capital, about using more reinsurance to free up capacity for products they want to grow, the asset manager's global insurance strategist Mike Erickson tells IAN.
Insurers must think holistically about their balance sheets, assets, liabilities, and limited capital, about using more reinsurance to free up capacity for products they want to grow, the asset manager's global insurance strategist Mike Erickson tells IAN.
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‘You can’t fix what you can’t see’: cyber insurers warn PHP2Shell website shutdowns highlight AI impact
Cyber insurers warn that the PHP2Shell shutdowns exposed a growing visibility gap as AI is now finding software flaws faster than clients can locate the systems running them.
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Alternative solutions go mainstream as energy transition reshapes insurance risk
Parametric design, basis risk, uninsured supply chains and the limits of catastrophe models were at the heart of the agenda at InsuranceAsia News' 2026 APAC Climate Risk & Insurance Summit in Singapore.
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Changing economics of insurance call for transparency, long-term view: Prudential’s Douglas Flint
Insurers must evolve from sellers of products into long-term 'life partners' for ageing populations, a shift that will require regulators, governments and educators to work together, says the insurer's chairman.
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‘Don’t carve it out’: insurers push back on blanket AI exclusions as adoption surges
Insurers are resisting blanket AI exclusions, warning they would create protection gaps as AI becomes embedded in everyday business operations.
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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Sompo APAC’s consumer business targets sustainable expansion as regulators push market discipline
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Gallagher Specialty eyes Hong Kong, South Korea, Thailand as it bids to be ‘market disruptor’
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The Hartford targets APAC growth with Singapore energy launch in Q1 2027
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‘Many don’t appreciate what can go wrong’: bloodstock insurance finds its footing in North Asia
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Asia emerges as international programs hub as regional firms centralise risk management: HDI Global
M&A
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Halliwell acquires New Zealand’s Maynard Marks to expand Asia Pacific presence
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Malaysian central bank extends RHB-Tokio Marine insurance merger deadline to February
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IAG confident RACI deal will be completed in 2027 despite opposition
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AUB Group to acquire Aon’s One Underwriting Australia
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Japan’s MS&AD considering deal for Malaysian insurer LPI Capital: Bloomberg
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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BlackRock's Daniel Caderas and MSCI's Raman Aylur Subramanian explain why tactical asset allocation (TAA) and exchange-traded funds (ETF) have become essential as global markets fragment and static allocations lose their reliability.
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Maritime shipping faces growing geopolitical threats — missiles, drones, GPS interference, and cyber sabotage — requiring better intelligence, crew welfare, and resilience measures.
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Planning for future conditions from the outset can improve operational reliability, reduce potential disruption and protect long-term asset value.
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Captive insurance has evolved from niche tool to strategic risk infrastructure in Asia, with connected claims data seen as key to unlocking its full value.
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Lockton expands in New Zealand with Wellington office, Marsh and WTW hires
Broker appoints Felix Ukaegbu as general manager of the new office and James Earwaker as client director for financial lines.
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Envest Agencies rebrands, hires Belinda Steedman as CEO
Business will become Orvia Australia and New Zealand as parent firm Ardonagh rebrands its global MGA businesses to Orvia Underwriting.
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Chaucer names Jay Bae as APAC lead underwriter for agriculture
Singapore-based Bae joins from Swiss Re, where he was most recently the head of agriculture for Southeast Asia, Australia, New Zealand, Japan and South Korea.
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Sompo taps Azra Amir as head of operations in Australia
She joins from Aon, having previously spent over 15 and a half years at Liberty Specialty Markets in Asia Pacific.
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Beazley’s Stefan Bramwell relocates to Singapore for energy underwriter role
He has over 30 years of experience in the insurance industry, specifically energy and construction.
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Swiss Re’s APAC facultative reinsurance head Yusuke Matsumoto confirms Singapore relocation
He succeed Ronnie Tong in May having served as interim since April.
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Lloyd’s China unveils new leadership team as regulator approves appointments
Furen Shen has been confirmed as CEO, while Yuanbiao Sun has moved up to chairman, and Xiaolan Li has been appointed chief compliance officer.
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Marsh promotes Shawn Willis to lead newly-formed captive strategy
He has been with Marsh for over 25 years across two spells, either side of 11 years with broker Willis.
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Greg Solomon rejoins WTW as Hong Kong ICT market leader
He returns following a previous stint as head of life and health reinsurance in Hong Kong from 2014 to 2019.
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Bajaj General Insurance names Deepak Reddy as new CEO, managing director
He will replace Tapan Singhel, who has led Bajaj General Insurance since 2012.
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Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services
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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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Lloyd’s Asia GWP growth stalls at US$1.2bn in 2025, but underwriting gain soars 24%
Monetary Authority of Singapore filings show premium growth flatlined after a 17% jump the year before, even as it posted stronger underwriting gains and a 10% increase in net profit.
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US$100bn cat bond market ‘in reach’ as 2026 heads for record issuance: Gallagher Re
Strong demand from investors for new perils and for risk from underrepresented regions such as Asia Pacific, according to Jason Bolding, CEO of Gallagher Securities.
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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.
No change, but headwinds remain ahead of 1.1 renewals: Howden Re’s Andy Souter
Andy Souter, head of APAC at Howden Re, speaks to InsuranceAsia News about the broker’s expectations for the coming 1.1 renewals, and Howden Re’s growth ambitions in the region.
Asia domiciled sidecars show ‘untapped potential’ for reinsurers: MS Amlin’s William Ho
William Ho, CEO of Asia Pacific at MS Amlin in Singapore, tells InsuranceAsia News about the Lloyd’s carrier's plans to expand its ILS program in 2027 and opportunities for third-party capital innovation in the region.
Fire losses: "Having given evidence that played a key role in the court's assessment, I believe the court’s reasoning holds a clear lesson for insurers and claims professionals across the region: early evidence capture is critical in complex fire losses."
Anand Ghnavello, Halliwell