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Global property catastrophe rates fall to minus 16% at 1.7 renewals: Guy Carpenter
Guy Carpenter says the competitive pricing environment 'continued to prevail' during the midyear renewals, which include Australia and New Zealand.
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Japan’s direct premiums grew 3.8% to US$66.1bn in FY25: GIAJ
Combined ratio of 31 insurance companies decreased by 3.8 percentage points compared to the previous financial year to 92.2%.
Japan’s direct premiums grew 3.8% to US$66.1bn in FY25: GIAJ
Combined ratio of 31 insurance companies decreased by 3.8 percentage points compared to the previous financial year to 92.2%.
Combined ratio of 31 insurance companies decreased by 3.8 percentage points compared to the previous financial year to 92.2%.
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Marsh New Zealand promotes Gabe Money to risk consulting leader
Auckland-based Money, who joined Marsh in February 2022, will lead the risk consulting team in delivering tailored risk management solutions.
Marsh New Zealand promotes Gabe Money to risk consulting leader
Auckland-based Money, who joined Marsh in February 2022, will lead the risk consulting team in delivering tailored risk management solutions.
Auckland-based Money, who joined Marsh in February 2022, will lead the risk consulting team in delivering tailored risk management solutions.
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QBE appoints Patrick Karlowski as COO for Asia
QBE has also appointed Hong Kong-based Florence Chan as head of data, analytics and AI for Asia, effective from July 13.
QBE appoints Patrick Karlowski as COO for Asia
QBE has also appointed Hong Kong-based Florence Chan as head of data, analytics and AI for Asia, effective from July 13.
QBE has also appointed Hong Kong-based Florence Chan as head of data, analytics and AI for Asia, effective from July 13.
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Hull war rates more than halve after US-Iran ceasefire: report
Premiums for vessels crossing the Strait of Hormuz more than halved from 5% to 2% of ship value in the past week.
Hull war rates more than halve after US-Iran ceasefire: report
Premiums for vessels crossing the Strait of Hormuz more than halved from 5% to 2% of ship value in the past week.
Premiums for vessels crossing the Strait of Hormuz more than halved from 5% to 2% of ship value in the past week.
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Shinhan, Korea Investment submit letters of intent for Lotte Insurance: report
Formal public auction for the private equity backed insurer is likely to be launched in August.
Shinhan, Korea Investment submit letters of intent for Lotte Insurance: report
Formal public auction for the private equity backed insurer is likely to be launched in August.
Formal public auction for the private equity backed insurer is likely to be launched in August.
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Full Capacity: Weighing anchor is easier said than done
This week's newsletter also discusses the Lloyd's marine war risk consortium, Lloyd's new India partner, an M&A update, marine disruptions in Hormuz and a 1.7 renewals update.
Full Capacity: Weighing anchor is easier said than done
This week's newsletter also discusses the Lloyd's marine war risk consortium, Lloyd's new India partner, an M&A update, marine disruptions in Hormuz and a 1.7 renewals update.
This week's newsletter also discusses the Lloyd's marine war risk consortium, Lloyd's new India partner, an M&A update, marine disruptions in Hormuz and a 1.7 renewals update.
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Liberty, Howden Re, Markel, HDI: 14 APAC insurance people moves of the week
Tower, Delta Insurance, Aon’s Reinsurance Solutions, Willis, GT Insurance, QBE, Howden, Gallagher Re, ARPC and Sompo also made personnel changes over the last week.
Liberty, Howden Re, Markel, HDI: 14 APAC insurance people moves of the week
Tower, Delta Insurance, Aon’s Reinsurance Solutions, Willis, GT Insurance, QBE, Howden, Gallagher Re, ARPC and Sompo also made personnel changes over the last week.
Tower, Delta Insurance, Aon’s Reinsurance Solutions, Willis, GT Insurance, QBE, Howden, Gallagher Re, ARPC and Sompo also made personnel changes over the last week.
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Singapore eyes alternative risk transfer solutions under new corporate structure
Deputy prime minister and Monetary Authority of Singapore chairman Gan Kim Yong says a protected cell company (PCC) 'makes it possible to structure different risks separately'.
Singapore eyes alternative risk transfer solutions under new corporate structure
Deputy prime minister and Monetary Authority of Singapore chairman Gan Kim Yong says a protected cell company (PCC) 'makes it possible to structure different risks separately'.
Deputy prime minister and Monetary Authority of Singapore chairman Gan Kim Yong says a protected cell company (PCC) 'makes it possible to structure different risks separately'.
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Taiping Indonesia completes first cross-border renminbi reinsurance deal
Deal involves four cross-border renminbi premium payments tied to a construction insurance policy for a nickel and cobalt project.
Taiping Indonesia completes first cross-border renminbi reinsurance deal
Deal involves four cross-border renminbi premium payments tied to a construction insurance policy for a nickel and cobalt project.
Deal involves four cross-border renminbi premium payments tied to a construction insurance policy for a nickel and cobalt project.
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Asia factory cyberattacks leaving billion-dollar assets underinsured, TMK says
Surge in cyberattacks targeting industrial control systems has exposed a critical insurance gap, leaving manufacturing firms vulnerable to uninsured physical damage and production stoppages despite holding large property policies, according to Tokio Marine Kiln.
Asia factory cyberattacks leaving billion-dollar assets underinsured, TMK says
Surge in cyberattacks targeting industrial control systems has exposed a critical insurance gap, leaving manufacturing firms vulnerable to uninsured physical damage and production stoppages despite holding large property policies, according to Tokio Marine Kiln.
Surge in cyberattacks targeting industrial control systems has exposed a critical insurance gap, leaving manufacturing firms vulnerable to uninsured physical damage and production stoppages despite holding large property policies, according to Tokio Marine Kiln.
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Aon’s Reinsurance Solutions names Chin Fong Teh as APAC chief of staff
Singapore-based Teh, who has two decades of experience in reinsurance operations, transformation and regional leadership, reports to Asia Pacific CEO Rupert Moore.
Aon’s Reinsurance Solutions names Chin Fong Teh as APAC chief of staff
Singapore-based Teh, who has two decades of experience in reinsurance operations, transformation and regional leadership, reports to Asia Pacific CEO Rupert Moore.
Singapore-based Teh, who has two decades of experience in reinsurance operations, transformation and regional leadership, reports to Asia Pacific CEO Rupert Moore.
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MS Amlin commits US$50m to Natural Disaster Fund to aid Global South
Lloyd’s global specialist (re)insurer joins the Global Parametrics-managed fund as a commercial capacity partner.
MS Amlin commits US$50m to Natural Disaster Fund to aid Global South
Lloyd’s global specialist (re)insurer joins the Global Parametrics-managed fund as a commercial capacity partner.
Lloyd’s global specialist (re)insurer joins the Global Parametrics-managed fund as a commercial capacity partner.
Popular posts:
- 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
- HDI Global leverages Asian HQ boom to open doors for international programs amid rising uncertainty
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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.
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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.
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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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’
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Cargo parametric insurer charts route to US$68bn protection gap with ‘new shiny object’
M&A
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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
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Steadfast draws US$5.4bn takeover bid from Amwins, Dragoneer
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Steadfast receives takeover offer
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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Marsh New Zealand promotes Gabe Money to risk consulting leader
Auckland-based Money, who joined Marsh in February 2022, will lead the risk consulting team in delivering tailored risk management solutions.
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QBE appoints Patrick Karlowski as COO for Asia
QBE has also appointed Hong Kong-based Florence Chan as head of data, analytics and AI for Asia, effective from July 13.
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Aon’s Reinsurance Solutions names Chin Fong Teh as APAC chief of staff
Singapore-based Teh, who has two decades of experience in reinsurance operations, transformation and regional leadership, reports to Asia Pacific CEO Rupert Moore.
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‘Big shoes to fill’ as Michael Abdallah departs Liberty after 27 years, Marcus Thomas named CUO
Chairman of Australia and chief underwriting officer for Asia Pacific will retire on September 30, with Hong Kong-based Thomas taking over as CUO in the region on July 1.
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HDI Global hires Amiel Poonan as property underwriter
He joins in Brisbane following broking stints at Barrack Broking and PSC Insurance Group.
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Markel taps Henry Ang as Singapore head of terrorism
Singapore-based Ang joins from Everest, where he led political violence and terrorism for Asia alongside a property underwriting role.
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Howden Re deepens China bench with trio of managing directors
Reinsurance broker appoints Houqin Zhu as head of China treaty, Mike Xin as Asia Pacific agriculture head and David Song as head of greater China retrocession.
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Howden names Supaporn Chanin as power, energy director in Thailand
She brings nearly three decades of experience in insurance and risk management.
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Piers Maunder retires from Australia reinsurance industry after 50-year career
He has been a senior adviser to Gallagher Re since 2023.
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Willis appoints Daniel Choi to lead finex in Malaysia
He has over 25 years of experience in the insurance industry, including with Jardine Lloyd Thompson, Allianz General Insurance, MSIG Insurance, and BIB Insurance Brokers.
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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