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Thai train collapse puts Dhipaya on the hook as lead insurer
Dhipaya covers 60% of the risk, with Bangkok Insurance and Intra Insurance each covering 20% for the high-speed rail construction project in northeast Thailand.
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Siddharth Verma joins Axa XL’s India underwriting team as assistant property underwriter
Mumbai-based Verma joins from Marsh India, where he had worked in the facultative reinsurance team for property and construction underwriting since February 2022.
Siddharth Verma joins Axa XL’s India underwriting team as assistant property underwriter
Mumbai-based Verma joins from Marsh India, where he had worked in the facultative reinsurance team for property and construction underwriting since February 2022.
Mumbai-based Verma joins from Marsh India, where he had worked in the facultative reinsurance team for property and construction underwriting since February 2022.
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Victoria bushfires destory 228 homes, 700 structures after burning area five times the size of Singapore
Insurers have received 2,201 insurance claims from the fires, which have been raging since last week, mostly in Victoria, but also in New South Wales.
Victoria bushfires destory 228 homes, 700 structures after burning area five times the size of Singapore
Insurers have received 2,201 insurance claims from the fires, which have been raging since last week, mostly in Victoria, but also in New South Wales.
Insurers have received 2,201 insurance claims from the fires, which have been raging since last week, mostly in Victoria, but also in New South Wales.
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Chubb Singapore hires BHSI’s Cherry Gao as head of major accounts and global broking
She joins Chubb after almost a decade at Berkshire Hathaway Specialty Insurance (BHSI).
Chubb Singapore hires BHSI’s Cherry Gao as head of major accounts and global broking
She joins Chubb after almost a decade at Berkshire Hathaway Specialty Insurance (BHSI).
She joins Chubb after almost a decade at Berkshire Hathaway Specialty Insurance (BHSI).
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Lockton takes majority stake in Malaysian joint venture
Lockton said the change reflects its commitment to Malaysia's 'important' market.
Lockton takes majority stake in Malaysian joint venture
Lockton said the change reflects its commitment to Malaysia's 'important' market.
Lockton said the change reflects its commitment to Malaysia's 'important' market.
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Kulshaan Singh returns to Aon as APAC enterprise client leader
He was most recently group chief human resources officer at Thai Union Group PCL in Bangkok.
Kulshaan Singh returns to Aon as APAC enterprise client leader
He was most recently group chief human resources officer at Thai Union Group PCL in Bangkok.
He was most recently group chief human resources officer at Thai Union Group PCL in Bangkok.
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Arch Insurance Australia adds Andrew Whitlock to casualty team
He has over a decade of experience in Australia and the UK.
Arch Insurance Australia adds Andrew Whitlock to casualty team
He has over a decade of experience in Australia and the UK.
He has over a decade of experience in Australia and the UK.
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Bridging Asia’s protection gap key focus for Verisk, but data issue remains
US-based data analytics and risk assessment firm has inland flood models for Japan, and has recently released flood models for Malaysia and Indonesia, with plans to introduce a hail model for Japan and flood models for New Zealand and Australia.
Bridging Asia’s protection gap key focus for Verisk, but data issue remains
US-based data analytics and risk assessment firm has inland flood models for Japan, and has recently released flood models for Malaysia and Indonesia, with plans to introduce a hail model for Japan and flood models for New Zealand and Australia.
US-based data analytics and risk assessment firm has inland flood models for Japan, and has recently released flood models for Malaysia and Indonesia, with plans to introduce a hail model for Japan and flood models for New Zealand and Australia.
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Cyber top APAC business risks in 2026 as AI surges to second place: Allianz Commercial
Both cyber and AI now rank as top five risks in every other region, and almost all the industry sectors analysed in the Allianz Risk Barometer report.
Cyber top APAC business risks in 2026 as AI surges to second place: Allianz Commercial
Both cyber and AI now rank as top five risks in every other region, and almost all the industry sectors analysed in the Allianz Risk Barometer report.
Both cyber and AI now rank as top five risks in every other region, and almost all the industry sectors analysed in the Allianz Risk Barometer report.
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Sompo strengthens actuarial teams in Southeast Asia with key appointments
Victor Fung has been appointed certifying actuary for Singapore, while Joyce Oo has been hired as appointed actuary in Malaysia.
Sompo strengthens actuarial teams in Southeast Asia with key appointments
Victor Fung has been appointed certifying actuary for Singapore, while Joyce Oo has been hired as appointed actuary in Malaysia.
Victor Fung has been appointed certifying actuary for Singapore, while Joyce Oo has been hired as appointed actuary in Malaysia.
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Sedgwick’s new Global Specialty platform ‘not just an expansion’
Global Specialty platform will be centred in London and led by the additions of Damian Ely as CEO and Kevin Hagan as COO, and will also include hubs in Asia, the Middle East, and the Americas.
Sedgwick’s new Global Specialty platform ‘not just an expansion’
Global Specialty platform will be centred in London and led by the additions of Damian Ely as CEO and Kevin Hagan as COO, and will also include hubs in Asia, the Middle East, and the Americas.
Global Specialty platform will be centred in London and led by the additions of Damian Ely as CEO and Kevin Hagan as COO, and will also include hubs in Asia, the Middle East, and the Americas.
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Aon grows data centre lifecycle insurance program to US$2.5bn
Successful renewal reflects growing global demand for coverage of data centre related risks, according to Aon.
Aon grows data centre lifecycle insurance program to US$2.5bn
Successful renewal reflects growing global demand for coverage of data centre related risks, according to Aon.
Successful renewal reflects growing global demand for coverage of data centre related risks, according to Aon.
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Asia natural catastrophe losses in 2025 contained by region’s protection gap: Howden Re
Peak perils accounted for a notably small share of the overall losses in 2025 due to a quiet Atlantic hurricane season, the broker said in its nat cat snapshot.
Asia natural catastrophe losses in 2025 contained by region’s protection gap: Howden Re
Peak perils accounted for a notably small share of the overall losses in 2025 due to a quiet Atlantic hurricane season, the broker said in its nat cat snapshot.
Peak perils accounted for a notably small share of the overall losses in 2025 due to a quiet Atlantic hurricane season, the broker said in its nat cat snapshot.
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Non-peak perils show steady rise amid shifting climate patterns: Munich Re’s Tobias Grimm
Even as overall nat cat costs declined in 2025, reinsurer’s chief climate scientist tells InsuranceAsia News that climate change is intensifying risks in unexpected regions, underscoring the urgency of stronger resilience and preparedness measures worldwide.
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Demand for marine war cover ‘on the radar’ despite pricing pressure
China’s war games and Donald Trump’s recent move in Venezuela and comments on Greenland suggest an uptick in enquiries for specialty insurance will persist in Asia in 2026.
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‘A global problem’: Nicolas Maduro capture creates new dynamic for Asian geopolitical risks
Insurers have little real exposure to Venezuelan risks following the actions by the US, but it is not the case in other regions of the world, with Southeast Asia now a particular focus.
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Indonesia eager for ‘continuous cooperation’ with London to open the door for Islamic insurance growth
Delegation from Indonesia’s Ministry of Finance and its financial regulator, the Indonesian Financial Services Authority (OJK), was in London last month for a meeting headed by International Underwriting Association CEO Chris Jones and Islamic insurance experts.
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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Bridging Asia’s protection gap key focus for Verisk, but data issue remains
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‘Asia is our playground’: Asia Reinsurance Brokers seeks winning formula to extend roots
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Acord aims for ‘absolute sweet spot’ with Singapore roll out of digital messaging platform
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Hong Kong to ‘anchor’ Sun Life’s APAC growth push after fantastic 2025: Manjit Singh
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‘Enabling, not disrupting’: bolttech’s data-driven push to close the global protection gap
M&A
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Lockton takes majority stake in Malaysian joint venture
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Allianz nets US$2.45bn from sale of 23% of Bajaj JVs
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‘Exporter of capital’ Japan here to stay, set to ignite APAC M&A in 2026
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Hanwha General Insurance secures controlling stake in Indonesia’s Lippo General Insurance
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Go Digit General Insurance board approves holding company merger
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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Cybersecurity is no longer just an IT concern, but a governance issue that belongs on the boardroom agenda.
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Insurance industry needs to recalibrate, invest in innovation and strengthen systems, talent and data practices.
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Siddharth Verma joins Axa XL’s India underwriting team as assistant property underwriter
Mumbai-based Verma joins from Marsh India, where he had worked in the facultative reinsurance team for property and construction underwriting since February 2022.
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Chubb Singapore hires BHSI’s Cherry Gao as head of major accounts and global broking
She joins Chubb after almost a decade at Berkshire Hathaway Specialty Insurance (BHSI).
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Kulshaan Singh returns to Aon as APAC enterprise client leader
He was most recently group chief human resources officer at Thai Union Group PCL in Bangkok.
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Arch Insurance Australia adds Andrew Whitlock to casualty team
He has over a decade of experience in Australia and the UK.
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Sompo strengthens actuarial teams in Southeast Asia with key appointments
Victor Fung has been appointed certifying actuary for Singapore, while Joyce Oo has been hired as appointed actuary in Malaysia.
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Allianz Trade hires Aon’s Ghinna Maharanny as XoL underwriter
Singapore-based Maharanny was most recently an associate director for credit solutions, focusing on structured credit and political risk, at Aon.
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Marsh India promotes Mitul Shah to renewable energy leader
He was most recently the executive vice president within the renewable energy practice.
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AIG taps Liam Baughan as head of casualty Australia
Baughan has over 18 years of underwriting experience in Australia and the UK.
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Flora Mao joins Markel as senior casualty underwriter in Shanghai
Markel aims to become the largest Lloyd's syndicate on the Lloyd's China platform.
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Chaucer revamps Singapore leadership, appoints Guy Carpenter’s Les Loh as CEO
Loh succeeds Margaret To, who will transition to a consultancy role, while Axa XL Re's Dan Bryan will join the Lloyd's carrier as head of reinsurance for Asia Pacific.
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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.
Marine: "Post-pandemic machinery-related losses have become an even more significant issue. Mechanical failures can undermine vessel safety, operational integrity, regulatory compliance, reputation, and even financial stability."
Bo Yu, Markel