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‘Intense time ahead’ as reinsurers abandon multi-year tech projects amid sea of fast changing AI
Reinsurers are abandoning multi-year technology transformation projects in favour of rapid, app-based AI solutions, driven by boardroom pressure and the fear of falling behind peers.
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International programs ‘significant milestone’, specialty power HDI Global’s APAC division in H1 FY26
HDI Global's Australian division wrote more 230 international programs locally during H1 FY26, according to its APAC head.
International programs ‘significant milestone’, specialty power HDI Global’s APAC division in H1 FY26
HDI Global's Australian division wrote more 230 international programs locally during H1 FY26, according to its APAC head.
HDI Global's Australian division wrote more 230 international programs locally during H1 FY26, according to its APAC head.
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Australia’s Key Insurance Partners appoints Keith Riddle as managing director
Melbourne-based Riddle takes on the additional responsibility alongside his current role as managing director for broker Key Insurance Group.
Australia’s Key Insurance Partners appoints Keith Riddle as managing director
Melbourne-based Riddle takes on the additional responsibility alongside his current role as managing director for broker Key Insurance Group.
Melbourne-based Riddle takes on the additional responsibility alongside his current role as managing director for broker Key Insurance Group.
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Japan mulls state reinsurance for oil tankers as it braces for protracted Middle East turmoil
Government plans to introduce the new legislation during the autumn extraordinary session of the National Diet.
Japan mulls state reinsurance for oil tankers as it braces for protracted Middle East turmoil
Government plans to introduce the new legislation during the autumn extraordinary session of the National Diet.
Government plans to introduce the new legislation during the autumn extraordinary session of the National Diet.
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Cowbell taps Marsh’s Anh Tuan Pham as cyber team relationship manager
Melbourne-based Pham will look after broker relationships and market developments in Victoria, Tasmania, South Australia and Western Australia.
Cowbell taps Marsh’s Anh Tuan Pham as cyber team relationship manager
Melbourne-based Pham will look after broker relationships and market developments in Victoria, Tasmania, South Australia and Western Australia.
Melbourne-based Pham will look after broker relationships and market developments in Victoria, Tasmania, South Australia and Western Australia.
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Gallagher-owned Pen Underwriting promotes Paul Behm, Ev Synnott in leadership shake-up
Behm assumes the role of head of underwriting, while Synnott takes on a newly created position as head of operational strategy and transformation.
Gallagher-owned Pen Underwriting promotes Paul Behm, Ev Synnott in leadership shake-up
Behm assumes the role of head of underwriting, while Synnott takes on a newly created position as head of operational strategy and transformation.
Behm assumes the role of head of underwriting, while Synnott takes on a newly created position as head of operational strategy and transformation.
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Willis Re to acquire BMS Re’s US subsidiaries
Transaction establishes an operational presence in the US for Willis Re.
Willis Re to acquire BMS Re’s US subsidiaries
Transaction establishes an operational presence in the US for Willis Re.
Transaction establishes an operational presence in the US for Willis Re.
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Nat Re brings veteran executive Alexander Reyes out of retirement to take helm
Current CEO Allan Santos will retire on October 1 after nine years.
Nat Re brings veteran executive Alexander Reyes out of retirement to take helm
Current CEO Allan Santos will retire on October 1 after nine years.
Current CEO Allan Santos will retire on October 1 after nine years.
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Toa Re underwriting results soar 147% to US$234m in robust FY25 performance
Fuelled by a sharp underwriting improvement and strong profit growth at its key international units, the Japanese reinsurer's net profit jumped by 38% year-on-year to US$246m.
Toa Re underwriting results soar 147% to US$234m in robust FY25 performance
Fuelled by a sharp underwriting improvement and strong profit growth at its key international units, the Japanese reinsurer's net profit jumped by 38% year-on-year to US$246m.
Fuelled by a sharp underwriting improvement and strong profit growth at its key international units, the Japanese reinsurer's net profit jumped by 38% year-on-year to US$246m.
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Generali Central Insurance names Sandeep Rathi as head of underwriting
Mumbai-based Rathi joins from Kuwait Re, where he had been the regional underwriting manager for facultative since January.
Generali Central Insurance names Sandeep Rathi as head of underwriting
Mumbai-based Rathi joins from Kuwait Re, where he had been the regional underwriting manager for facultative since January.
Mumbai-based Rathi joins from Kuwait Re, where he had been the regional underwriting manager for facultative since January.
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Kumamoto earthquake claims top 40,000 as insured losses mounts: GIAJ
Businesses in the commercial and industrial sectors in Kumamoto have suffered losses totalling US$736.2 million following last month's deadly quake.
Kumamoto earthquake claims top 40,000 as insured losses mounts: GIAJ
Businesses in the commercial and industrial sectors in Kumamoto have suffered losses totalling US$736.2 million following last month's deadly quake.
Businesses in the commercial and industrial sectors in Kumamoto have suffered losses totalling US$736.2 million following last month's deadly quake.
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Cowbell adds Ellen Brookes, Nia Pir to Australian arm
Zurich Insurance-backed cyber MGA has been expanding in the Australian market.
Cowbell adds Ellen Brookes, Nia Pir to Australian arm
Zurich Insurance-backed cyber MGA has been expanding in the Australian market.
Zurich Insurance-backed cyber MGA has been expanding in the Australian market.
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Berkley Re Asia taps Hena Choi as head of casualty
She joins the reinsurer in Singapore following almost two decades at Samsung Fire & Marine.
Berkley Re Asia taps Hena Choi as head of casualty
She joins the reinsurer in Singapore following almost two decades at Samsung Fire & Marine.
She joins the reinsurer in Singapore following almost two decades at Samsung Fire & Marine.
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Vietnam’s new construction insurance rule shifts market from box-ticking to essential risk management
Insurers must shift their focus beyond pricing for sustainable growth in one of Southeast Asia’s most active construction markets, sources tell InsuranceAsia News.
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Strait of Hormuz, Red Sea, Black Sea attacks force war underwriters to get ‘hands-on’ as market fragments
Underwriters are now pricing each voyage in real time - relying on intelligence, not just history, to navigate a fractured market shaped by proxy actors, terrorism, sanctions and cyber threats.
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Australia’s bird flu outbreak prompts livestock insurance warning for APAC farmers
Brokers say cover is often sub-limited to provide a proportion of the full limit, which allows insurers to limit their exposure.
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‘Major risk modifier’ El Nino forces energy insurance rethink
As events intensify across Asia Pacific, insurers are moving beyond conventional underwriting to address shifting risk profiles, from hydropower disruptions to supply chain vulnerabilities, industry sources told InsuranceAsia News.
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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Supply outstripping demand, but El Nino, Middle East headwinds could shift market: Guy Carpenter’s Tony Gallagher
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BP Marsh homes in on ‘tremendous opportunities’ in APAC insurance distribution niche
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AI rollout, war impacts to drive specialty innovation in greater China: Markel’s Chelsea Jiang
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Hong Kong’s first virtual insurer eyes Malaysia-led Southeast Asia push after hitting ‘critical’ US$100m revenue milestone
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‘Forerunners in the unforeseeable’: Knightcorp challenges the status quo in Australia’s consolidated insurance market
M&A
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Willis Re to acquire BMS Re’s US subsidiaries
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Vietnam’s sovereign wealth fund to maintain Bao Minh Insurance, VinaRe stakes as part of restructuring plan
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Amwins, Dragoneer, KKR enter ‘final stages’ of US$5.4bn Steadfast takeover
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Kyobo Life eyes Axa Korea takeover to re-enter non-life market: report
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Malaysian Re parent to sell takaful business to Bank Rakyat in US$400m deal
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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Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models.
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Australia’s Key Insurance Partners appoints Keith Riddle as managing director
Melbourne-based Riddle takes on the additional responsibility alongside his current role as managing director for broker Key Insurance Group.
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Cowbell taps Marsh’s Anh Tuan Pham as cyber team relationship manager
Melbourne-based Pham will look after broker relationships and market developments in Victoria, Tasmania, South Australia and Western Australia.
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Gallagher-owned Pen Underwriting promotes Paul Behm, Ev Synnott in leadership shake-up
Behm assumes the role of head of underwriting, while Synnott takes on a newly created position as head of operational strategy and transformation.
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Nat Re brings veteran executive Alexander Reyes out of retirement to take helm
Current CEO Allan Santos will retire on October 1 after nine years.
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Generali Central Insurance names Sandeep Rathi as head of underwriting
Mumbai-based Rathi joins from Kuwait Re, where he had been the regional underwriting manager for facultative since January.
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Cowbell adds Ellen Brookes, Nia Pir to Australian arm
Zurich Insurance-backed cyber MGA has been expanding in the Australian market.
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Berkley Re Asia taps Hena Choi as head of casualty
She joins the reinsurer in Singapore following almost two decades at Samsung Fire & Marine.
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Jackson Sim joins Marsh as Asia liability consulting leader
He joins the broker in Singapore from Liberty.
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HDI Global hires Rebecca Kong to lead North Asia distribution
She has over 20 years of general insurance experience, most recently leading distribution strategies and market initiatives at AIG China.
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Gallagher Australia taps Pakize Ceker as national faith claims manager
She formerly worked for Marsh, Catholic Church Insurance and IAG.
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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.
Supply outstripping demand, but headwinds could shift market: Guy Carpenter’s Tony Gallagher
Tony Gallagher, CEO of Asia Pacific at Guy Carpenter, speaks to InsuranceAsia News about the ongoing reinsurance market softening and the forces shaping loss activity and reinsurance buying in the region.
Marine market held its nerve through ‘strange and acute’ Middle East crisis: Markel’s Chelsea Jiang
Chelsea Jiang, managing director greater China at Markel International, discusses the Lloyd’s carrier’s ambitions in the region and how the marine insurance market responded to the crisis in the Strait of Hormuz.
Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services