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Cyclone Senyar a ‘wake-up call’ for Southeast Asia: Aon
The extraordinary storm caused US$5.4bn dollars of economic losses in Malaysia, Indonesia and Thailand and 1,406 deaths after making landfall twice in November.
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Steadfast tops AU$1bn in half-year revenue
The group’s EBITA grew 12.6% to US$208m, while fee and commission income rose 17% to US$640m.
Steadfast tops AU$1bn in half-year revenue
The group’s EBITA grew 12.6% to US$208m, while fee and commission income rose 17% to US$640m.
The group’s EBITA grew 12.6% to US$208m, while fee and commission income rose 17% to US$640m.
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Jason Hammond appointed CEO of Ansvar Insurance Australia
He replaces Melbourne-based Warren Hutcheon, who will retire after 12 years with the company.
Jason Hammond appointed CEO of Ansvar Insurance Australia
He replaces Melbourne-based Warren Hutcheon, who will retire after 12 years with the company.
He replaces Melbourne-based Warren Hutcheon, who will retire after 12 years with the company.
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Austbrokers Countrywide and Adroit merger to create ‘significant’ opportunity
Proposed merger between the two AUB Group brokers will strengthen the combined group’s presence across Melbourne, regional Victoria, and southeast Queensland.
Austbrokers Countrywide and Adroit merger to create ‘significant’ opportunity
Proposed merger between the two AUB Group brokers will strengthen the combined group’s presence across Melbourne, regional Victoria, and southeast Queensland.
Proposed merger between the two AUB Group brokers will strengthen the combined group’s presence across Melbourne, regional Victoria, and southeast Queensland.
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Marsh weighs sale of broker for high-net-worth individuals in Asia: report
Private Client Services, which operates under the Mercer subsidiary, provides financial risk management and life insurance services to more than 8,000 clients across roughly 50 markets.
Marsh weighs sale of broker for high-net-worth individuals in Asia: report
Private Client Services, which operates under the Mercer subsidiary, provides financial risk management and life insurance services to more than 8,000 clients across roughly 50 markets.
Private Client Services, which operates under the Mercer subsidiary, provides financial risk management and life insurance services to more than 8,000 clients across roughly 50 markets.
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Mandeep Borah rejoins Aon as executive vice president for transaction risk solutions in India
Mumbai-based Borah has nearly two decades of experience in M&A roles and was vice president of M&A in his first stint at Aon.
Mandeep Borah rejoins Aon as executive vice president for transaction risk solutions in India
Mumbai-based Borah has nearly two decades of experience in M&A roles and was vice president of M&A in his first stint at Aon.
Mumbai-based Borah has nearly two decades of experience in M&A roles and was vice president of M&A in his first stint at Aon.
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Cheryl Yi Min Poon joins Howden’s multinational client practice in Singapore
She joins Howden after over a decade at Marsh in Hong Kong.
Cheryl Yi Min Poon joins Howden’s multinational client practice in Singapore
She joins Howden after over a decade at Marsh in Hong Kong.
She joins Howden after over a decade at Marsh in Hong Kong.
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Isaac Fuente joins Lockton as head of Asia aviation
He has left Howden after almost four years in Singapore and London.
Isaac Fuente joins Lockton as head of Asia aviation
He has left Howden after almost four years in Singapore and London.
He has left Howden after almost four years in Singapore and London.
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AUB Group lifts net profit by 14% in H1 FY26 despite New Zealand softening
Australian insurance broker also confirmed the appointment of Nick Dryden as CFO.
AUB Group lifts net profit by 14% in H1 FY26 despite New Zealand softening
Australian insurance broker also confirmed the appointment of Nick Dryden as CFO.
Australian insurance broker also confirmed the appointment of Nick Dryden as CFO.
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Howden appoints Nobuyuki Akahane to lead new Japanese construction initiative
He will be based in London and support an expanded focus on Japanese‑led construction and infrastructure projects across global markets.
Howden appoints Nobuyuki Akahane to lead new Japanese construction initiative
He will be based in London and support an expanded focus on Japanese‑led construction and infrastructure projects across global markets.
He will be based in London and support an expanded focus on Japanese‑led construction and infrastructure projects across global markets.
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Gift City regulator plans insurance framework for cat bonds, captives: report
International Financial Services Centres Authority chairman Kalyanaraman Rajaraman also says that a proposal to create an Indian P&I club is under consideration by the Department of Financial Services.
Gift City regulator plans insurance framework for cat bonds, captives: report
International Financial Services Centres Authority chairman Kalyanaraman Rajaraman also says that a proposal to create an Indian P&I club is under consideration by the Department of Financial Services.
International Financial Services Centres Authority chairman Kalyanaraman Rajaraman also says that a proposal to create an Indian P&I club is under consideration by the Department of Financial Services.
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NorthStandard veteran David Roberts takes helm as Britannia’s Asia head
Singapore-based Roberts will have responsibility for the P&I club's regional hub offices in Asia and servicing members throughout the region.
NorthStandard veteran David Roberts takes helm as Britannia’s Asia head
Singapore-based Roberts will have responsibility for the P&I club's regional hub offices in Asia and servicing members throughout the region.
Singapore-based Roberts will have responsibility for the P&I club's regional hub offices in Asia and servicing members throughout the region.
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Steadfast CEO Robert Kelly to retire, successor to be in place by August
Co-founder is set to remain on the board of the Australian broker after his retirement and transition to a non-executive director role.
Steadfast CEO Robert Kelly to retire, successor to be in place by August
Co-founder is set to remain on the board of the Australian broker after his retirement and transition to a non-executive director role.
Co-founder is set to remain on the board of the Australian broker after his retirement and transition to a non-executive director role.
Popular posts:
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The ultimate safety net: high risk confusion creating piracy cover concerns, CFC’s Alexander Beaton says
Incidents reported on vessels rose from 117 in 2024 to 137 in the 12 months to December, with the Singapore Strait reporting the highest number at 80.
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Asia’s cyber insurance market set for rapid growth after wake-up call, CyberCube says
Recent attacks on the likes of Asahi and Coupang has highlighted the significant protection gap in the region, director of cyber risk consulting Jon Choi tells InsuranceAsia News.
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Forget the noise, geopolitical tensions demand scenarios not predictions
Hoe-Yeong Loke, head of research at UK risk management association Airmic, tells InsuranceAsia News rare earth minerals and tensions around Taiwan are likely to remain pressing issues for Asia and the global supply chain.
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Does Zurich’s US$11bn Beazley deal signal the end of the Lloyd’s listing experiment? Survivors are now in the spotlight
Deal will leave only two Lloyd’s players – Hiscox and Lancashire – listed on the London Stock Exchange, with capital-rich Japanese insurers expected to be amongst those circling.
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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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
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‘Hopeless’: observation-based models fall short as insurers comprehend modern flood risks
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Home, sweet home for Vietnam’s new reinsurer as AlphaRe eyes efficiency over top line
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Bridging Asia’s protection gap key focus for Verisk, but data issue remains
M&A
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Marsh weighs sale of broker for high-net-worth individuals in Asia: report
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Sompo receives regulatory approvals for US$3.5bn Aspen acquisition
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Ardonagh-backed Cornerstone Risk acquires Australia’s Umbrella Insurance Services
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Ardonagh takes majority stake in Hong Kong’s Risk Management Insurance Brokerage
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Korea Investment shortlists 3 targets for insurance market entry: report
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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Vastly improving turnaround times and personalising service delivery, QBE Asia’s award-winning, end-to-end bundled claims solutions is a game-changer for the insurance industry.
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Jason Hammond appointed CEO of Ansvar Insurance Australia
He replaces Melbourne-based Warren Hutcheon, who will retire after 12 years with the company.
-
Mandeep Borah rejoins Aon as executive vice president for transaction risk solutions in India
Mumbai-based Borah has nearly two decades of experience in M&A roles and was vice president of M&A in his first stint at Aon.
-
Cheryl Yi Min Poon joins Howden’s multinational client practice in Singapore
She joins Howden after over a decade at Marsh in Hong Kong.
-
Isaac Fuente joins Lockton as head of Asia aviation
He has left Howden after almost four years in Singapore and London.
-
Howden appoints Nobuyuki Akahane to lead new Japanese construction initiative
He will be based in London and support an expanded focus on Japanese‑led construction and infrastructure projects across global markets.
-
NorthStandard veteran David Roberts takes helm as Britannia’s Asia head
Singapore-based Roberts will have responsibility for the P&I club's regional hub offices in Asia and servicing members throughout the region.
-
Steadfast CEO Robert Kelly to retire, successor to be in place by August
Co-founder is set to remain on the board of the Australian broker after his retirement and transition to a non-executive director role.
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James Beedle named chair of Singapore Reinsurers’ Association
He succeeds Kenrick Law, who stepped down from his role of APAC CEO of Allianz Re in December.
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IAG’s Amanda Whiting takes on new group role
Whiting has returned to Australia after four years as CEO of IAG New Zealand.
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Everest elevates Tomi Latva-Kiskola to APAC chief executive for global wholesale and specialty
Singapore-based Latva-Kiskola has been with the carrier since 2024, serving as head of insurance for Asia.
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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.
Cyber insurance has a long way to go to reach next level, says WTW’s Carlos Grijalva, amid soaring demand in Asia
Carlos Grijalva, cyber leader for Hong Kong and greater China at WTW, talks to InsuranceAsia News about the development of the cyber market in Asia.
Building resilience, mitigating risk in APAC’s commercial property insurance market
Martin Au-Yeung, vice president and division underwriting manager at FM, talks to InsuranceAsia News.
AI: "With prudent oversight and strong guardrails, an augmented investment office can allow insurers to confidently ride the private credit boom without being undermined by the complexity they have embraced."
David Pan, Moody’s