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- March 3 2025
Australian MGA Solution Underwriting rebrands as CFC
London-headquartered specialty MGA plans to launch services in liability and tech, media and intellectual property over the coming months following its acquisition of the Australian specialist in April.
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- March 3 2025
Allianz Commercial appoints Rosa Ficarra as APAC ART head
Ficarra will relocate from London, and be responsible for new and renewal alternative risk transfer (ART) business in Asia and Australia.
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- February 27 2025
Hong Kong’s Nova Insurance H1 FY25 revenue up 8.3% to US$8.1m
Broker expects to record 'very substantial growth' in H2, as revenue from the purchase of Beijing Nova Insurance Services will be counted.
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- February 27 2025
Exclusive: Circles Group hands Julie Quach, Kenneth Tan expanded roles as Asia co-regional directors
Quach is in the process of being appointed Hong Kong responsible officer, while Tan has assumed the role of responsible officer for Singapore.
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- February 25 2025
West P&I, London P&I record strong renewal growth amid market challenges
West P&I achieves mutual tonnage increase to 110 million gross tonnes (GT), while London P&I records 12% rise to 49.3 million GT.
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- February 24 2025
Sompo reshuffles APAC commercial lines team in Singapore, Hong Kong
Kelly Koh, Victoria Soo and Szeto Ophelia will be 'instrumental in driving their respective lines of business across the region', according to the carrier.
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- February 24 2025
Munich Re names Hanh Nguyen head of treaty P&C underwriting for Southeast Asia, India
Nguyen has been deputy head since July, and will succeed Joachim Zagrosek on March 1.
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- February 21 2025
P&I clubs report tonnage growth during renewals despite industry turbulence
Gard, UK P&I and NorthStandard announced successful completion of the 2025 renewal after marine insurers worldwide saw a rise in the number of large claims.
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- February 21 2025
Market gains by large reinsurers drive consolidation in APAC: Guy Carpenter’s Tony Gallagher
Asia Pacific CEO anticipates more legacy deals aimed at eliminating underperforming blocks of business and facilitating strategic growth in the coming years.
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- February 20 2025
Australia set for increased summer rainfall, bushfire risks: Gallagher Re
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
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- February 19 2025
Tokio Marine Holdings promotes 2 vice president directors amid vast reshuffle
Senior managing directors Kenji Okada and Kichiichiro Yamamoto will take up their new roles as of April 1.
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- February 19 2025
P&I renewals ‘softer than anticipated’ despite claims, geopolitical pressures
Clubs are seeing moderate rate increases while terms and conditions remain stable, but expect strong growth driven by Asia.
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- February 17 2025
Envest to merge Aviso Broking into PSC Insurance Brokers
The newly expanded business, to be led by Benjamin Goodall, will service more than 50,000 clients and place US$584m GWP under the PSC Insurance Brokers brand.
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- February 17 2025
Vietnamese coffee farmers receive first-ever payout from Willis’ parametric policy
The risk transfer solution, backed by the Natural Disaster Fund and in partnership with Bao Minh Insurance, uses satellite data to measure rainfall levels in the country’s coffee-growing regions.
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- February 17 2025
GAIP appoints Min Hung Cheng as interim CEO following John Maroney departure
Singapore-based Cheng will assume the role from March 18 until a new CEO is appointed.
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- February 14 2025
Global Asia Insurance Partnership names Dickson Wong as director
With over 15 years of experience in the general insurance industry across Australia and Asia, Singapore-based Wong is a seasoned actuary specialising in risk and actuarial areas.
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- February 14 2025
Sompo’s domestic P&C falls 39% in adjusted profit to US$299m in Q3 FY24
Drop attributed to a rise in accident rates and unit repair costs in motor and the impact of increased company expenses due to upfront investment, offset by base profit improvement in fire.
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- February 14 2025
Insured losses from 2 of New Zealand’s most destructive nat cats top US$2.1bn: ICNZ
Auckland Anniversary Weekend floods and Cyclone Gabrielle in 2023 resulted in over 118,000 insurance claims.
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- February 13 2025
Hanwha denies reports of selling Carrot Insurance stake amid financial strains
Korean insurtech startup has been posting losses every year since its establishment in 2019.
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- February 13 2025
Howden India appoints Nagarajan Girishankar as reinsurance chair
Mumbai-based Girishankar has over 40 years of experience in the insurance broking industry.
