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Full capacity: APAC rates dive – a call for caution?
This week's newsletter discusses the impact of rate reduction in the region, Allianz's re-entry into the Indian market, APAC construction inurance market new Lloyd's cyber consortium in Singapore, Consilium's regional foray, and IRDAI's new chairman.
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IRDAI, Consilium, Kiwi General Insurance, Starr, UIB India: 10 APAC insurance people moves of the week
Lockton, Aon, Delta Australia, Allianz Commercial, Victor Insurance Australia, the Insurance Brokers Association of New Zealand, Allianz Partners, MS Amlin, Munich Re, Zurich Insurance, Miramar Underwriting Agency, and Steadfast Group also made personnel changes over the last week.
IRDAI, Consilium, Kiwi General Insurance, Starr, UIB India: 10 APAC insurance people moves of the week
Lockton, Aon, Delta Australia, Allianz Commercial, Victor Insurance Australia, the Insurance Brokers Association of New Zealand, Allianz Partners, MS Amlin, Munich Re, Zurich Insurance, Miramar Underwriting Agency, and Steadfast Group also made personnel changes over the last week.
Lockton, Aon, Delta Australia, Allianz Commercial, Victor Insurance Australia, the Insurance Brokers Association of New Zealand, Allianz Partners, MS Amlin, Munich Re, Zurich Insurance, Miramar Underwriting Agency, and Steadfast Group also made personnel changes over the last week.
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Wipha economic losses to run into ‘hundreds of millions’: Aon
Wipha passed through the Philippines, China, and Vietnam from July 18-24.
Wipha economic losses to run into ‘hundreds of millions’: Aon
Wipha passed through the Philippines, China, and Vietnam from July 18-24.
Wipha passed through the Philippines, China, and Vietnam from July 18-24.
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Steadfast CFO Stephen Humphrys to retire
Hannah Lee, the current group financial controller, will become acting chief financial officer.
Steadfast CFO Stephen Humphrys to retire
Hannah Lee, the current group financial controller, will become acting chief financial officer.
Hannah Lee, the current group financial controller, will become acting chief financial officer.
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Pricing, prudent underwriting to sustain Bao Viet Insurance’s strong performance: AM Best
AM Best assigns an insurer rating of B++ (good) with a stable outlook, driven by its very strong balance sheet, adequate operating performance and neutral business profile.
Pricing, prudent underwriting to sustain Bao Viet Insurance’s strong performance: AM Best
AM Best assigns an insurer rating of B++ (good) with a stable outlook, driven by its very strong balance sheet, adequate operating performance and neutral business profile.
AM Best assigns an insurer rating of B++ (good) with a stable outlook, driven by its very strong balance sheet, adequate operating performance and neutral business profile.
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India’s reinsurance market poised for massive growth, driven by infrastructure boom: Policybazaar
Co-founder and chief business officer Tarun Mathur tells InsuranceAsia News that the one-stop digital insurance platform is also eyeing business expansion in the Middle East and Southeast Asia.
India’s reinsurance market poised for massive growth, driven by infrastructure boom: Policybazaar
Co-founder and chief business officer Tarun Mathur tells InsuranceAsia News that the one-stop digital insurance platform is also eyeing business expansion in the Middle East and Southeast Asia.
Co-founder and chief business officer Tarun Mathur tells InsuranceAsia News that the one-stop digital insurance platform is also eyeing business expansion in the Middle East and Southeast Asia.
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India appoints former finance secretary Ajay Seth as IRDAI chairman
The all-important regulatory post has been lying vacant for over four months, after the tenure of the previous chairman Debasish Panda ended in March.
India appoints former finance secretary Ajay Seth as IRDAI chairman
The all-important regulatory post has been lying vacant for over four months, after the tenure of the previous chairman Debasish Panda ended in March.
The all-important regulatory post has been lying vacant for over four months, after the tenure of the previous chairman Debasish Panda ended in March.
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Specialty broker Consilium opens Singapore office, appoints Descartes’ Rob Drysdale as CEO
Cedent fac specilaist will initially focus on property, power and energy in the region.
Specialty broker Consilium opens Singapore office, appoints Descartes’ Rob Drysdale as CEO
Cedent fac specilaist will initially focus on property, power and energy in the region.
Cedent fac specilaist will initially focus on property, power and energy in the region.
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MS Amlin names Christiern Dart as CEO, Andrew Carrier moves to Mitsui Sumitomo group role
Dart, who joins from Brit, will start in January, with incumbent Carrier joining MSI as executive officer.
MS Amlin names Christiern Dart as CEO, Andrew Carrier moves to Mitsui Sumitomo group role
Dart, who joins from Brit, will start in January, with incumbent Carrier joining MSI as executive officer.
Dart, who joins from Brit, will start in January, with incumbent Carrier joining MSI as executive officer.
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Asia insurance rates drop 5% in Q2 2025, sixth straight quarter of decline: Marsh
Property rates down 5%, while casualty placements saw a 2% decline, and finpro and cyber rates fell by 7%, according to the broker's Global Insurance Market Index.
Asia insurance rates drop 5% in Q2 2025, sixth straight quarter of decline: Marsh
Property rates down 5%, while casualty placements saw a 2% decline, and finpro and cyber rates fell by 7%, according to the broker's Global Insurance Market Index.
Property rates down 5%, while casualty placements saw a 2% decline, and finpro and cyber rates fell by 7%, according to the broker's Global Insurance Market Index.
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Allianz Partners hires senior underwriter from Allied World
Hong Kong-based Juan Ibarra Santos has joined Allianz group's affinity and assistance business as a senior group underwriter.
Allianz Partners hires senior underwriter from Allied World
Hong Kong-based Juan Ibarra Santos has joined Allianz group's affinity and assistance business as a senior group underwriter.
Hong Kong-based Juan Ibarra Santos has joined Allianz group's affinity and assistance business as a senior group underwriter.
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Pacific rates continue to decline, falling 11% in Q2: Marsh
Property rates drop by 13%, casualty falls 5%, while finpro and cyber see drops of 10%.
Pacific rates continue to decline, falling 11% in Q2: Marsh
Property rates drop by 13%, casualty falls 5%, while finpro and cyber see drops of 10%.
Property rates drop by 13%, casualty falls 5%, while finpro and cyber see drops of 10%.
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New Zealand brokers’ association names new CEO
Katherine Wilson is currently head of advocacy at the Property Council of New Zealand.
New Zealand brokers’ association names new CEO
Katherine Wilson is currently head of advocacy at the Property Council of New Zealand.
Katherine Wilson is currently head of advocacy at the Property Council of New Zealand.
Popular posts:
- Indian startup Kiwi General Insurance appoints Saurav Jaiswal as CEO
- Specialty broker Consilium opens Singapore office, appoints Descartes’ Rob Drysdale as CEO
- Asia’s asset-intensive reinsurance outlook remains ‘bullish’: Gallagher Re’s Jeffrey Seow
- Vietnamese (re)insurers brace for Typhoon Wipha, Hong Kong facing US$255m bill
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Asia’s asset-intensive reinsurance outlook remains ‘bullish’: Gallagher Re’s Jeffrey Seow
Head of life and health in the region tells InsuranceAsia News that capital markets volatility will drive deal flow.
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Inflation, nat cats weigh on APAC construction, sparking underinsurance as regional infrastructure opportunities build
Insurers are enhancing risk modelling capabilities to keep pace with the rising frequency, while innovating on products to serve the evolving market.
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Australian cyclone season highlights changing landscape, challenges ahead
Ex-Tropical Cyclone Alfred, which caused US$843m in insured losses, was the most high-profile event of the 2024-25 cyclone season that recorded 12 windstorms.
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Asian clients, suppliers facing choppy waters with cargo market braced to navigate intensifying geopolitical risks
Markel's Brook Styles and Wanshi Lin discuss the impact of the conflicts in the Middle East, plus the Russia–Ukraine war and the US tariff regime.
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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India’s reinsurance market poised for massive growth, driven by infrastructure boom: Policybazaar
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‘In a more global fashion’: MSIG Specialty Marine targets Asia P&I growth, Singapore underwriting launch
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PVI eyes Hanoi Re divestment plan as part of broader growth push
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Ageas eyes deeper Asia presence with three-pronged approach to tried and tested model
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New Australian MGA says collaboration key for D&O risks ‘no one else will touch’
M&A
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Allianz Commercial India branch will transfer to new Jio JV as fac desk
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Allianz ties up with Jio Financial for India reinsurance foray
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Howden India bolsters M&A team by hiring Marsh’s Saloni Bhandari as senior VP
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Ageas eyes deeper Asia presence with three-pronged approach to tried and tested model
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Mitsui Sumitomo to acquire Japanese W&I specialist MGA Time Machine
ESG
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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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Aon strengthens Asia natural resources team with senior hire
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The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
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Energy market presents unique risks, especially in a region which includes China and Japan as well as developing nations like Vietnam and the Philippines.
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Businesses are facing a complex transition to non-carbon energy sources amid a push to achieve net-zero emissions for the marine sector by 2050.
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Steadfast CFO Stephen Humphrys to retire
Hannah Lee, the current group financial controller, will become acting chief financial officer.
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India appoints former finance secretary Ajay Seth as IRDAI chairman
The all-important regulatory post has been lying vacant for over four months, after the tenure of the previous chairman Debasish Panda ended in March.
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Specialty broker Consilium opens Singapore office, appoints Descartes’ Rob Drysdale as CEO
Cedent fac specilaist will initially focus on property, power and energy in the region.
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MS Amlin names Christiern Dart as CEO, Andrew Carrier moves to Mitsui Sumitomo group role
Dart, who joins from Brit, will start in January, with incumbent Carrier joining MSI as executive officer.
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Allianz Partners hires senior underwriter from Allied World
Hong Kong-based Juan Ibarra Santos has joined Allianz group's affinity and assistance business as a senior group underwriter.
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New Zealand brokers’ association names new CEO
Katherine Wilson is currently head of advocacy at the Property Council of New Zealand.
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Munich Re CEO Joachim Wenning to retire, succeeded by CFO Christoph Jurecka
Wenning, who has been leading the reinsurer from 2017, will step down at the end of the year.
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Steadfast Group-owned Miramar ropes in AIG veteran Michael Mackenzie as head of underwriting technical services
Melbourne-based Mackenzie spent over nine years at AIG, having also worked for the likes of Allianz, Zurich, Chubb, and CGU.
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UIB India hires Sunil Sharma from Policybazaar as assistant vice president
Sharma’s appointment is to strengthen UIB’s India operations, with a focus on Delhi region.
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Lockton India continues transactional lines build out, appoints Pankti Doshi as VP
Mumbai-based Doshi was previously an assistant vice president at asset management group Blackstone.
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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.
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Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
Insurance broker market in Asia
Neelay Patel, Managing Director & Head of Growth, Asia at Aon
Construction market insurance trends in Asia
Vincent Banton, Head of Construction & Infrastructure, Asia at Aon
Managing health portfolios in South-East Asia
Dr Kumud Bordoloi, Head of A&H at Peak ReIndustry insights and in-depth analysis
Our reports take deep dives into a variety of themes with comments from leading practitioners, data and proprietary analytics. Keep on top of the latest market trends and discover opportunities with our reports.
Cybersecurity: ''For insurers, rather than treating certifications as sufficient proof of security, they should demand evidence of ongoing monitoring of their security posture''
Marc Krisjanous, SixBlocks Audit