Country: Asia Pacific Page 1 / 16
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- January 3 2025
Hong Kong-based MGA Hawkes Bay Underwriting resumes status as Lloyd’s coverholder
Resumption will enhance marine capacity to US$10 million, chief operating officer and head of marine specialty Manson Ma says.
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- January 3 2025
APAC 1.1 renewal dynamics tilt towards buyers: Gallagher Re’s Mark O’Brien
Reinsurers looking to write more and cedents holding limits or buying less drove down prices, said the broker's regional head.
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- January 2 2025
1.1 property cat renewals see up to 15% rate reductions
Increased reinsurer appetite and reinsurance capacity, as well as muted demand from cedents, signal a return to a soft market in Asia.
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- December 23 2024
1.1: property cat, casualty rates softening, terms and conditions hold
The market is paying more attention to war risk as geopolitical risks and continuing conflicts weigh on carriers.
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- December 19 2024
Growing scale of risk highlights need for proactive resilience strategies: Zurich Risk Solutions
Global head Dirk De Nil says evolving risk landscape and pressure from geopolitical tensions, AI and climate change require carriers’ involvement from project inception to find solutions.
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- December 18 2024
Charles Taylor brings on Paul Martelli as director, onshore energy and mining
He rejoins the company from McLarens, where he was an executive senior adjuster for construction, engineering and property.
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- December 18 2024
Scor hires Amy Fu as APAC commercial head for SBS insurance arm
"Newly created global commercial team is now complete", says Scor Business Solutions (SBS) chief commercial officer Benjamin Auray.
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- December 18 2024
Higher retentions by reinsurers drive investment in granular data, modelling: Moody’s Michael Steel
While modellers have embraced AI, insurers remain cautious despite growing recognition of its benefits, says the general manager of the risk analytics provider.
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- December 18 2024
Hemant Nagpal to lead Gallagher Re Asia Pacific analytics team
Reinsurance broker also appoints Darren Murch as deputy head of analytics for the region.
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- December 17 2024
Asian economies brace for trade risks in 2025 as Trump tariffs loom: Zurich
Elevated uncertainty around tariffs and global trade could impact growth, with Asean, China and Hong Kong particularly vulnerable, according to a report by the insurer.
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- December 17 2024
Chubb elevates John Latter as claims lead for overseas general insurance
Latter will oversee the insurer's claims organisation in Europe, the Middle East, Asia Pacific, Latin America and the Far East.
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- December 17 2024
Energy transition needs pragmatism over good intentions, says WTW’s Au
The broker’s regional climate practice lead calls for a nuanced approach which recognises the realities of moving to net zero within realistic time frames.
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- December 16 2024
Delta Underwriting appoints Lucy Loh as Asia claims lead
Singapore-based Loh joins from Berkshire Hathaway Specialty Insurance and will help the MGA support its recent A&H expansion.
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- December 12 2024
MSIG Asia names Munich Re’s Alexander Liu as vice president for cyber and financial lines
Singapore-based Liu will report to Andrew Taylor, senior VP and head of cyber and financial lines.
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- December 12 2024
Crawford charts out renewable plans as they look to Asian hubs
The global loss adjuster is considering Sydney and Singapore for potential regional hubs, says global head of renewable energy Alan Tucker.
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- December 11 2024
Howden Specialty expands natural resources team with Miller hire
Singapore-based Dipati will service the broker’s APAC power & energy client base from an engineering and claims perspective.
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- December 9 2024
Miller powers up APAC energy team with Howden hire
The specilaist broker has hired Elizabeth McGonagle as head of power for the region based in Singapore.
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- December 9 2024
Starr Insurance appoints Gerald MacDonald as APAC CUO
Singapore-based MacDonald was earlier underwriter at Renaissance Re and Aspen Re.
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- December 6 2024
IFRS 17 readiness and implementation “not fit for purpose” for some APAC players
There are “specific pockets” where problems with IFRS 17 are still manifest in the Asia market, including aspects of reporting.
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- December 4 2024
Despite challenges, Asia Pacific non-life insurers to benefit from rate hikes, costs control: Fitch
The rating agency has assigned a neutral outlook for the Asia Pacific insurance sector.
