Line of business: Financial Lines Page 1 / 10
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- April 25 2025
With boots on the ground in Australia, CFC eyes strong growth, upselling opportunities
Following the acquisition and rebranding of Solution Underwriting, the MGA's Australia managing director Anita Lane looks to the future and reflects on the softening commercial insurance market.
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- April 24 2025
Pacific rates suffer largest global fall at 8% in Q1, Marsh says
Finpro pricing fell by 10%, while property and cyber declined by 9% and 8%, respectively.
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- April 24 2025
Asia insurance rates down 3% in Q1 2025, fifth straight quarter of decline: Marsh
Property rates down 3%, while casualty placements saw a 2% decline, and finpro and cyber rates fell by 8%, according to the broker's Global Insurance Market Index.
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- April 15 2025
Emerging ‘silent AI’ risk on underwriters’ minds, poised to trigger finpro liability claims
As businesses increasingly integrate AI technologies, insurers face the challenge of unintentional coverage gaps, reminiscent of ‘silent cyber’.
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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 14 2025
Commercial rates harden in Taiwan, Japan while rest of Asia declines: Marsh
Composite insurance rates in Asia continued a downward trend, declining by 3% in the fourth quarter of 2024, marginally higher than the global average.
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- February 10 2025
Allianz Commercial taps Aon’s Josephine Tam to lead financial lines, cyber in Asia
Singapore-based Tam was most recently regional director for cyber solutions and financial institutions at Aon.
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- February 7 2025
Allianz Commercial promotes Horace Gon to deputy Hong Kong CEO
New role in addition to responsibility as head of financial lines for Hong Kong and greater China.
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- February 5 2025
Asia insurance rates decline 3% in Q4 2024, driven by cyber and finpro lines: Marsh
Cyber rates drop by 11%, while finpro falls 9%, both extending the previous quarterly declines in 2024, according to the latest Global Insurance Market Index by the broker.
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- February 5 2025
Pacific rates suffer largest drop in Q4 2024, driven by finpro, cyber and property lines: Marsh
Finpro premiums fell by 12%, while cyber and property declined by 8%, according to the Global Insurance Market Index.
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- January 22 2025
WTW hands Tushar Gupta expanded finex role in India
Mumbai-based Gupta will retain his current role as head of financial institutions for South-East Asia and India for the CRB business.
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- January 14 2025
Newline Asia appoints Andy Ang as senior underwriter for financial lines, liability
Kuala Lumpur-based Ang will report to Simon Moi, the carrier's chief underwriting officer for Asia.
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- January 8 2025
US-based The Hartford launches on Lloyd’s Singapore platform
Service company, to be led by Zhenghong Pan, will initially write financial lines and credit and political risks coverage through its Syndicate 1221.
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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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- December 17 2024
APAC finpro rates flat to 10% down in 2024: WTW
Asia Pacific saw 5-10% reductions for D&O and PI covers with crime staying flat and fund managers pricing flat or up to 10% down and cyber fluctuating within 5% in ANZ markets.
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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 9 2024
Pricing, deductibles and wordings under pressure in Australian financial lines market
The integration of cyber with financial institutions products hold up the rates because there aren't many markets offering this solution, says IQUW’s Tristram Prior.
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- November 27 2024
India’s Edme continues team buildout with ex-Coface CEO
Mumbai-based Bhavesh Patel joins the broker as executive director, corporate business of financial and credit specialty.
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- November 25 2024
Edme Insurance Brokers continues hiring spree with Vishwajeet Kadam appointment
Mumbai-based Kadam joins the firm from Marsh and will take the role of director-financial and credit specialty.
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- November 14 2024
Edme Insurance Brokers brings on board Nochiketa Dixit as managing director
Mumbai-based Dixit will manage retail, BFSI, IT/ITES, structured credit and affinity for the broker.
