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Asia shipbuilding boom exposes new fault lines for insurers
A surge in newbuild orders is attracting fresh capacity and driving down rates, but concentrated Asian exposures, and increasingly complex risks tied to supply chains, alternative fuels and contractual delays are testing insurers’ appetite and accumulation controls.
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Mandarin Re increases paid-up capital to US$26m
Capital increase willl support the Labuan-based reinsuer's US$70m GWP target for 2026.
Mandarin Re increases paid-up capital to US$26m
Capital increase willl support the Labuan-based reinsuer's US$70m GWP target for 2026.
Capital increase willl support the Labuan-based reinsuer's US$70m GWP target for 2026.
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Jeong-Sook Kim joins UK P&I Club to steer South Korea presence
She is a qualified maritime lawyer who previously worked for Steamship Mutual for over a decade.
Jeong-Sook Kim joins UK P&I Club to steer South Korea presence
She is a qualified maritime lawyer who previously worked for Steamship Mutual for over a decade.
She is a qualified maritime lawyer who previously worked for Steamship Mutual for over a decade.
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Ian Clendenning to join Integra Technical Services as global head of mining
Veteran loss adjuster has over four decades of experience across Asia Pacific, Europe and the Middle East,
Ian Clendenning to join Integra Technical Services as global head of mining
Veteran loss adjuster has over four decades of experience across Asia Pacific, Europe and the Middle East,
Veteran loss adjuster has over four decades of experience across Asia Pacific, Europe and the Middle East,
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H1 2026 nat cat losses at US$42bn, 16% below 10-year trend: Swiss Re
Insurance picked up around 42% of first half economic losses, above the 30-year average of 33%, as damage was concentrated in highly insured markets.
H1 2026 nat cat losses at US$42bn, 16% below 10-year trend: Swiss Re
Insurance picked up around 42% of first half economic losses, above the 30-year average of 33%, as damage was concentrated in highly insured markets.
Insurance picked up around 42% of first half economic losses, above the 30-year average of 33%, as damage was concentrated in highly insured markets.
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Record capital, strong earnings put reinsurance underwriting discipline to the test: AM Best
Availability of alternative avenues for capital deployment potentially reduces pressure to compete aggressively within any single segment of the market.
Record capital, strong earnings put reinsurance underwriting discipline to the test: AM Best
Availability of alternative avenues for capital deployment potentially reduces pressure to compete aggressively within any single segment of the market.
Availability of alternative avenues for capital deployment potentially reduces pressure to compete aggressively within any single segment of the market.
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MS First Capital’s new Gift City branch commences reinsurance operations
CEO Vikas Shukla also confirms the appointment of S Venugopalan as the CFO of operations within India's special economic zone.
MS First Capital’s new Gift City branch commences reinsurance operations
CEO Vikas Shukla also confirms the appointment of S Venugopalan as the CFO of operations within India's special economic zone.
CEO Vikas Shukla also confirms the appointment of S Venugopalan as the CFO of operations within India's special economic zone.
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WTW names Jayne Bok as head of Hong Kong, Macau
She replaces Sean Deehan, who joined Aon as CEO of its Strategy and Technology Group for APAC in July.
WTW names Jayne Bok as head of Hong Kong, Macau
She replaces Sean Deehan, who joined Aon as CEO of its Strategy and Technology Group for APAC in July.
She replaces Sean Deehan, who joined Aon as CEO of its Strategy and Technology Group for APAC in July.
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Aviso Specialty hires Shane Aitken as financial lines manager
Sydney-based Aitken has 20 years of broking experience, most recently as a principal within Marsh Specialty's finpro team.
Aviso Specialty hires Shane Aitken as financial lines manager
Sydney-based Aitken has 20 years of broking experience, most recently as a principal within Marsh Specialty's finpro team.
Sydney-based Aitken has 20 years of broking experience, most recently as a principal within Marsh Specialty's finpro team.
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QIB Group names Alan Moran as chief broking officer
Peter Apolakiatis becomes Austcover's new general manager following Moran's promotion.
QIB Group names Alan Moran as chief broking officer
Peter Apolakiatis becomes Austcover's new general manager following Moran's promotion.
Peter Apolakiatis becomes Austcover's new general manager following Moran's promotion.
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Sompo appoints Dave Wong as property underwriter for Hong Kong, Macau, Taiwan
He will help drive the growth of Sompo's property and construction portfolio, strengthen the underwriting capabilities and deliver solutions for brokers and clients.
Sompo appoints Dave Wong as property underwriter for Hong Kong, Macau, Taiwan
He will help drive the growth of Sompo's property and construction portfolio, strengthen the underwriting capabilities and deliver solutions for brokers and clients.
He will help drive the growth of Sompo's property and construction portfolio, strengthen the underwriting capabilities and deliver solutions for brokers and clients.
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VietSure Insurance enters Vietnamese non-life market following regulatory approval
Ho Chi Minh City-headquartered insurer is co-founded by Ngo Quang Trung, former CEO of private retail bank BVBank.
VietSure Insurance enters Vietnamese non-life market following regulatory approval
Ho Chi Minh City-headquartered insurer is co-founded by Ngo Quang Trung, former CEO of private retail bank BVBank.
Ho Chi Minh City-headquartered insurer is co-founded by Ngo Quang Trung, former CEO of private retail bank BVBank.
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Swiss Re elevates Karen Tan to chief underwriting officer of L&H Re
Tan will continue to be based in Singapore and will relocate to Zurich in due course.
Swiss Re elevates Karen Tan to chief underwriting officer of L&H Re
Tan will continue to be based in Singapore and will relocate to Zurich in due course.
Tan will continue to be based in Singapore and will relocate to Zurich in due course.
Popular posts:
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India’s sovereign-backed maritime pool sets sail, but major loss and accumulation risks await
War-risk premium rates have dropped 35-40% since the Bharat Maritime Insurance Pool launched in May, but industry sources caution pricing sustainability depends on how the pool handles major loss and accumulation events.
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China’s new reality: rising nat cat risk, manufacturing concentration challenges insurance market
Marc Burban, founder and CEO of Asian Risks Management Services, tells InsuranceAsia News’ Between the Lines podcast that rising nat cat frequency and industrial clustering are forcing China's insurers to underwrite smarter.
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AI chip factory boom in Asia puts sustainable reinsurance capacity, nat cat exposure in spotlight
With AI accelerating demand, complex risks will increasingly require support of specialist facultative capacity, Peak Re CUO Philip Hough says.
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APAC insurers race to harness AI’s US$70bn promise, but data and regulatory hurdles persist
Implementing AI is a major operational and regulatory challenge for the industry, with massive rewards for the insurers that can get it right.
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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Malaysian Re parent to sell takaful business to Bank Rakyat in US$400m deal
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Maybank to take full control of insurer Etiqa from Ageas
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Steadfast bidders reconfirm intention to proceed, extend exclusivity period
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Tokio Marine invests in carbon credit specialist Kita
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Envest-owned Epsilon Underwriting acquires marine specialist RedSky Insurance
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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Jeong-Sook Kim joins UK P&I Club to steer South Korea presence
She is a qualified maritime lawyer who previously worked for Steamship Mutual for over a decade.
-
Ian Clendenning to join Integra Technical Services as global head of mining
Veteran loss adjuster has over four decades of experience across Asia Pacific, Europe and the Middle East,
-
WTW names Jayne Bok as head of Hong Kong, Macau
She replaces Sean Deehan, who joined Aon as CEO of its Strategy and Technology Group for APAC in July.
-
Aviso Specialty hires Shane Aitken as financial lines manager
Sydney-based Aitken has 20 years of broking experience, most recently as a principal within Marsh Specialty's finpro team.
-
QIB Group names Alan Moran as chief broking officer
Peter Apolakiatis becomes Austcover's new general manager following Moran's promotion.
-
Sompo appoints Dave Wong as property underwriter for Hong Kong, Macau, Taiwan
He will help drive the growth of Sompo's property and construction portfolio, strengthen the underwriting capabilities and deliver solutions for brokers and clients.
-
Swiss Re elevates Karen Tan to chief underwriting officer of L&H Re
Tan will continue to be based in Singapore and will relocate to Zurich in due course.
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Aon’s Kayo Montgomery relocates to Japan in regional strategic account role
Tokyo-based Montgomery has been named regional strategic account manager for Asia.
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Joe Keiper joins Edgewise Insurance Brokers as head of construction broking
He was prvioulsy with EBM Insurance & Risk as a client director for construction and marine.
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MSIG Thailand appoints Sirinpond Sukkarin as cyber insurance manager
Prior to joining MSIG, Bangkok-based Sukkarin managed cyber and financial risk insurance portfolios at Dhipaya Group.
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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