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We’ve seen reinsurers’ appetite prevail at 1.7, Gallagher Re’s Roshan Perera says
New managing director and head of APAC tells InsuranceAsia News that while there seems to be some more room for rate reduction, cedents will certainly benefit from more options and flexibility in future renewals.
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Australia’s cyclone reinsurance pool only part of the answer, brokers association says
National Insurance Brokers Association (NIBA) responds to the release of the fifth and final insurance monitoring report by the Australian Competition and Consumer Commission (ACCC).
Australia’s cyclone reinsurance pool only part of the answer, brokers association says
National Insurance Brokers Association (NIBA) responds to the release of the fifth and final insurance monitoring report by the Australian Competition and Consumer Commission (ACCC).
National Insurance Brokers Association (NIBA) responds to the release of the fifth and final insurance monitoring report by the Australian Competition and Consumer Commission (ACCC).
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Coface taps Ivor Miric as head of debt collection sales for APAC
Based in Hong Kong, he is responsible for expanding the debt collection portfolio, having previously worked at Atradius Collections in Dubai.
Coface taps Ivor Miric as head of debt collection sales for APAC
Based in Hong Kong, he is responsible for expanding the debt collection portfolio, having previously worked at Atradius Collections in Dubai.
Based in Hong Kong, he is responsible for expanding the debt collection portfolio, having previously worked at Atradius Collections in Dubai.
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Reinsurance pools must be designed to ‘absorb volatility, not just price for it’: ARPC chief
Affordability and resilience must be addressed together, warning that focusing on one in isolation is unlikely to deliver sustainable outcomes, Australian Reinsurance Pool Corporation CEO Christopher Wallace says.
Reinsurance pools must be designed to ‘absorb volatility, not just price for it’: ARPC chief
Affordability and resilience must be addressed together, warning that focusing on one in isolation is unlikely to deliver sustainable outcomes, Australian Reinsurance Pool Corporation CEO Christopher Wallace says.
Affordability and resilience must be addressed together, warning that focusing on one in isolation is unlikely to deliver sustainable outcomes, Australian Reinsurance Pool Corporation CEO Christopher Wallace says.
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EBM Insurance & Risk hands Ryan Cameron, Ashton George expanded leadership roles
As part of a new national leadership structure, managing director of broking Peter McLachlan will be leaving EBM Group.
EBM Insurance & Risk hands Ryan Cameron, Ashton George expanded leadership roles
As part of a new national leadership structure, managing director of broking Peter McLachlan will be leaving EBM Group.
As part of a new national leadership structure, managing director of broking Peter McLachlan will be leaving EBM Group.
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Marsh appoints Sylvia Quang as cyber leader for Hong Kong, Macau
Ex-corporate lawyer was previoulsy head of claims advocacy for Hong Kong and Macau having joined the broker in July 2024.
Marsh appoints Sylvia Quang as cyber leader for Hong Kong, Macau
Ex-corporate lawyer was previoulsy head of claims advocacy for Hong Kong and Macau having joined the broker in July 2024.
Ex-corporate lawyer was previoulsy head of claims advocacy for Hong Kong and Macau having joined the broker in July 2024.
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QBE takes full control of Indian JV after regulatory approval, set to rebrand
Australian carrier buys Prism Johnson's 51% stake in Raheja QBE General Insurance for US$35.5m.
QBE takes full control of Indian JV after regulatory approval, set to rebrand
Australian carrier buys Prism Johnson's 51% stake in Raheja QBE General Insurance for US$35.5m.
Australian carrier buys Prism Johnson's 51% stake in Raheja QBE General Insurance for US$35.5m.
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QBE Asia elevates Evariste Yeung to Asia head of motor, A&H, householder
Hong Kong-based Yeung joined QBE in April 2024 and has since served as market lead for motor and A&H in the city, as well as Asia product head for motor.
QBE Asia elevates Evariste Yeung to Asia head of motor, A&H, householder
Hong Kong-based Yeung joined QBE in April 2024 and has since served as market lead for motor and A&H in the city, as well as Asia product head for motor.
Hong Kong-based Yeung joined QBE in April 2024 and has since served as market lead for motor and A&H in the city, as well as Asia product head for motor.
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Markel hires Sjoerd A. Blomsma for new marine risk engineering role
Based in Singapore for the newly created specialist role, he reports to Wanshi Lin.
Markel hires Sjoerd A. Blomsma for new marine risk engineering role
Based in Singapore for the newly created specialist role, he reports to Wanshi Lin.
Based in Singapore for the newly created specialist role, he reports to Wanshi Lin.
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Exclusive: Continuum hires Howden’s Andy Tam as Hong Kong general manager
Appointment, after almost seven years at Howden in Hong Kong, was confirmed by founder and director Rob Russell.
Exclusive: Continuum hires Howden’s Andy Tam as Hong Kong general manager
Appointment, after almost seven years at Howden in Hong Kong, was confirmed by founder and director Rob Russell.
Appointment, after almost seven years at Howden in Hong Kong, was confirmed by founder and director Rob Russell.
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Record reinsurance capital drives creative solutions at mid-year renewals: Aon
Australia and New Zealand cat XoL pricing down 15-20%, while pro-rata commissions were up 2-3%.
Record reinsurance capital drives creative solutions at mid-year renewals: Aon
Australia and New Zealand cat XoL pricing down 15-20%, while pro-rata commissions were up 2-3%.
Australia and New Zealand cat XoL pricing down 15-20%, while pro-rata commissions were up 2-3%.
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Pricing is converging towards technical adequacy at 1.7, not overshooting it: Gallagher Re
Relatively late renewal saw market dynamics in Australia and New Zealand continuing to favour buyers with loss free cat layers recording up to 17.5% reduction, alongside improved commissions.
Pricing is converging towards technical adequacy at 1.7, not overshooting it: Gallagher Re
Relatively late renewal saw market dynamics in Australia and New Zealand continuing to favour buyers with loss free cat layers recording up to 17.5% reduction, alongside improved commissions.
Relatively late renewal saw market dynamics in Australia and New Zealand continuing to favour buyers with loss free cat layers recording up to 17.5% reduction, alongside improved commissions.
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Great American Insurance bolsters Singapore specialty underwriting team
Terence Yong handed expanded role as head of specialty lines for North Asia and Korea, and Asia cyber, while Ernest Heng joins from Willis to lead Southeast Asia specialty lines.
Great American Insurance bolsters Singapore specialty underwriting team
Terence Yong handed expanded role as head of specialty lines for North Asia and Korea, and Asia cyber, while Ernest Heng joins from Willis to lead Southeast Asia specialty lines.
Terence Yong handed expanded role as head of specialty lines for North Asia and Korea, and Asia cyber, while Ernest Heng joins from Willis to lead Southeast Asia specialty lines.
Popular posts:
- Marsh granted interim injunction in Hong Kong over executives’ move to Howden
- Late to the party Singapore started, Hong Kong has arrived in the MGA space
- Buyer-friendly renewals persist at 1.7 as soft market signs mount, but reinsurers signal pricing floor
- ‘Big shoes to fill’ as Michael Abdallah departs Liberty after 27 years, Marcus Thomas named CUO
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Australian ‘gatekeeper’ firms urged to review PI cover as sweeping regulatory changes come into effect
New money laundering and counterterrorism rules, which came into effect on Wednesday, will see strict penalties imposed.
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‘Sweet spot for global insurance’: regulatory confidence key to attracting global insurers to Asia
Senior executives from EY, FWD Group, HSBC, and Manulife told the FT Global Insurance Summit that proactive regional regulation and long-term commitment are turning Asia into the insurance industry's most compelling growth market.
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Buyer-friendly renewals persist at 1.7 as soft market signs mount, but reinsurers signal pricing floor
Rate reductions of 10–15% on loss-free business, with deeper cuts in some cases, as terms and conditions hold firm, industry insiders told InsuranceAsia News.
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Asia aviation insurers continue to push for rate hikes as historic claims, Russia exposure linger
Aviation insurers seek rate hikes amid stable quota share capacity, as quota share income faces pressure from internal retentions and competition.
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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‘We’re in for the long haul’: Valueattics Re targets steady growth with domestic gains, regional moves
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HDI Global leverages Asian HQ boom to open doors for international programs amid rising uncertainty
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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’
M&A
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QBE takes full control of Indian JV after regulatory approval, set to rebrand
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Igloo expands footprint with Eazy Digital acquisition
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Shinhan, Korea Investment submit letters of intent for Lotte Insurance: report
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PSC Insurance Brokers acquires transport specialist MA Insurance Brokers
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ACCC approves Zurich-Beazley deal, finds ‘unlikely’ threat to competition
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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Coface taps Ivor Miric as head of debt collection sales for APAC
Based in Hong Kong, he is responsible for expanding the debt collection portfolio, having previously worked at Atradius Collections in Dubai.
-
EBM Insurance & Risk hands Ryan Cameron, Ashton George expanded leadership roles
As part of a new national leadership structure, managing director of broking Peter McLachlan will be leaving EBM Group.
-
Marsh appoints Sylvia Quang as cyber leader for Hong Kong, Macau
Ex-corporate lawyer was previoulsy head of claims advocacy for Hong Kong and Macau having joined the broker in July 2024.
-
QBE Asia elevates Evariste Yeung to Asia head of motor, A&H, householder
Hong Kong-based Yeung joined QBE in April 2024 and has since served as market lead for motor and A&H in the city, as well as Asia product head for motor.
-
Markel hires Sjoerd A. Blomsma for new marine risk engineering role
Based in Singapore for the newly created specialist role, he reports to Wanshi Lin.
-
Great American Insurance bolsters Singapore specialty underwriting team
Terence Yong handed expanded role as head of specialty lines for North Asia and Korea, and Asia cyber, while Ernest Heng joins from Willis to lead Southeast Asia specialty lines.
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Tune Protect Malaysia appoints Louise Lee as CEO
Kuala Lumpur-based Lee was most recently head of consumer lines and digital at Chubb Malaysia.
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Aviva’s Probitas Pacific names Jill Stewart as Australia head
Former Willis executive to join Lloyd’s Syndicate 1492 succeeding Max Broodryk, who is leaving to explore new opportunities.
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Allianz Commercial elevates Awa Ketty-Camara to Asia head of multinational
Singapore-based Ketty-Camara will oversee the development and execution of the regional multinational strategy.
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Coface hires Vy Le as country manager for Vietnam
Le was most recently HSBC Vietnam's country head of sales for global trade and receivable finance.
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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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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.
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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.
‘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