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Rising cyber threats put the brakes on APAC’s softening insurance market
The dramatic softening of the cyber insurance market since 2023 is showing signs of decelerating, brokers and underwriters say.
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ICNZ calls for insurance levy to be replaced, says current system outdated, not fit-for-purpose
Chief executive Kris Faafoi says the Insurance Council of New Zealand (ICNZ) strongly supports a well-funded Fire and Emergency New Zealand, but believes it is time to modernise how the service is funded.
ICNZ calls for insurance levy to be replaced, says current system outdated, not fit-for-purpose
Chief executive Kris Faafoi says the Insurance Council of New Zealand (ICNZ) strongly supports a well-funded Fire and Emergency New Zealand, but believes it is time to modernise how the service is funded.
Chief executive Kris Faafoi says the Insurance Council of New Zealand (ICNZ) strongly supports a well-funded Fire and Emergency New Zealand, but believes it is time to modernise how the service is funded.
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Coface appoints Natthaphan Phanitchawong as head of commercial for Thailand
Bangkok-based Phanitchawong joins from AIG, where he spent 17 years as the head of the trade credit insurance department.
Coface appoints Natthaphan Phanitchawong as head of commercial for Thailand
Bangkok-based Phanitchawong joins from AIG, where he spent 17 years as the head of the trade credit insurance department.
Bangkok-based Phanitchawong joins from AIG, where he spent 17 years as the head of the trade credit insurance department.
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Evan Moore joins Lockton Australia as head of real estate
Sydney-based Moore joins from Zurich, where he led property, marine and technical lines for its general insurance business in Australia.
Evan Moore joins Lockton Australia as head of real estate
Sydney-based Moore joins from Zurich, where he led property, marine and technical lines for its general insurance business in Australia.
Sydney-based Moore joins from Zurich, where he led property, marine and technical lines for its general insurance business in Australia.
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Howden brings crop, livestock, parametric risk specialist Sonal Mishra to Singapore
She relocates from India to take up the senior vice president role within the reinsurance division.
Howden brings crop, livestock, parametric risk specialist Sonal Mishra to Singapore
She relocates from India to take up the senior vice president role within the reinsurance division.
She relocates from India to take up the senior vice president role within the reinsurance division.
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Asian power insurance softens on abundant capacity, Chinese market rates remain stable: Willis
International and regional insurers continue to deploy significant capacity, enabling many insureds to secure premium reductions, broader insurer participation and enhanced policy terms, according to Lyo Foo, head of power and natural resources for Asia.
Asian power insurance softens on abundant capacity, Chinese market rates remain stable: Willis
International and regional insurers continue to deploy significant capacity, enabling many insureds to secure premium reductions, broader insurer participation and enhanced policy terms, according to Lyo Foo, head of power and natural resources for Asia.
International and regional insurers continue to deploy significant capacity, enabling many insureds to secure premium reductions, broader insurer participation and enhanced policy terms, according to Lyo Foo, head of power and natural resources for Asia.
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Miller launches Malaysia operations with treaty, fac offering
Jo Garnett and Hui Sin Low are 'key talents already secured', with additional new hires joining in late 2026.
Miller launches Malaysia operations with treaty, fac offering
Jo Garnett and Hui Sin Low are 'key talents already secured', with additional new hires joining in late 2026.
Jo Garnett and Hui Sin Low are 'key talents already secured', with additional new hires joining in late 2026.
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Jack Morecroft joins Marsh as cyber managing principal in Australia
Melbourne-based Morecroft joins from Gallagher, where he had been since January 2022 in London and Melbourne.
Jack Morecroft joins Marsh as cyber managing principal in Australia
Melbourne-based Morecroft joins from Gallagher, where he had been since January 2022 in London and Melbourne.
Melbourne-based Morecroft joins from Gallagher, where he had been since January 2022 in London and Melbourne.
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Starr taps Patto To as regional A&H claims manager
Hong Kong-based To will focus on strengthening claims service across Hong Kong and Singapore.
Starr taps Patto To as regional A&H claims manager
Hong Kong-based To will focus on strengthening claims service across Hong Kong and Singapore.
Hong Kong-based To will focus on strengthening claims service across Hong Kong and Singapore.
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BMS Group appoints Anna Capone as national head of general claims for Australia
She joins from McLardy McShane Insurance Advisors, having also previously worked for KBI and Knightcorp Insurance Brokers.
BMS Group appoints Anna Capone as national head of general claims for Australia
She joins from McLardy McShane Insurance Advisors, having also previously worked for KBI and Knightcorp Insurance Brokers.
She joins from McLardy McShane Insurance Advisors, having also previously worked for KBI and Knightcorp Insurance Brokers.
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Allianz Commercial confirms Steve Williams as head of liability underwriting
He has been with Allianz for over 15 year and had stepped into the acting head of liability role in October.
Allianz Commercial confirms Steve Williams as head of liability underwriting
He has been with Allianz for over 15 year and had stepped into the acting head of liability role in October.
He has been with Allianz for over 15 year and had stepped into the acting head of liability role in October.
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ATC-owned motor MGA MB Insurance enters New Zealand market
Specialist underwriter will offer a dedicated motor product, backed by Lloyd's capacity.
ATC-owned motor MGA MB Insurance enters New Zealand market
Specialist underwriter will offer a dedicated motor product, backed by Lloyd's capacity.
Specialist underwriter will offer a dedicated motor product, backed by Lloyd's capacity.
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Zurich’s US$11bn Beazley acquisition to take effect on October 1 after regulatory approval
Deal remains subject to satisfaction of other conditions, including court approval and delivery of a copy of the court order to the registrar of companies.
Zurich’s US$11bn Beazley acquisition to take effect on October 1 after regulatory approval
Deal remains subject to satisfaction of other conditions, including court approval and delivery of a copy of the court order to the registrar of companies.
Deal remains subject to satisfaction of other conditions, including court approval and delivery of a copy of the court order to the registrar of companies.
Popular posts:
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Thailand’s (re)insurance market defies regional softening as cat losses reshape risk landscape
Earthquake in Myanmar in March 2025 and severe floods in November have reshaped Thailand's property catastrophe market.
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RVS 2026: Back to the reinsurance drawing board? 6 APAC takeaways from Monte Carlo
Record capital, falling property rates and a scramble for growth dominated this year’s Rendez-Vous de Septembre, in a market where overhaul of programs is very much on the agenda.
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As cyberattacks surge across Asia, call increases for insurance-led resilience
Education is the missing link as brokers and insurers must equip businesses with risk knowledge, not just policies, CyberCube's Jon Choi tells InsuranceAsia News.
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‘The buzz is back’: right time for Hong Kong to advance captives ambitions, Willis’ Steve Hutchinson says
Success of Hong Kong's captives regime will be underpinned by its ability to attract multinational corporations to the jurisdiction, the head of corporate risk and broking for Hong Kong and Macau told InsuranceAsia News.
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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Asia emerges as international programs hub as regional firms centralise risk management: HDI Global
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‘Good times’ for India’s reinsurance buyers despite rising El Nino climate risk: Edme’s Vinod Krishnan
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‘Ripe for real growth’: Lloyd’s insurer Aegis making Asia Pacific cyber moves
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‘Challenges are opportunities’: IUMI president-elect urges insurers to play a larger role in supporting maritime resilience
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Supply outstripping demand, but El Nino, Middle East headwinds could shift market: Guy Carpenter’s Tony Gallagher
M&A
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Ageas completes Etiqa sale, Dimitri Terryn confirms departure
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Singapore’s GIC takes 5% stake in Samsung Fire and Marine
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Tokio Marine HCC International completes Direct Commercial acquisition
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Maybank signs deal to acquire insurer Etiqa from Ageas by Friday
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MS&AD eyeing European reinsurance broking market entry: report
ESG
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Lloyd’s looks for new way to meet diversity challenge after scrapping Dive In festival after 12 years
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Swiss Re faces activist scrutiny for underwriting new LNG terminals, CEO defends ‘very robust’ ESG framework
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QBE hands Mandy Chan expanded role as head of operational power generation, ESG for Asia
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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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Asia's subsea industry is expanding and evolving rapidly, with the growing use of technology across the region changing the way risks are be assessed.
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To stay relevant, insurers should engage caregivers earlier with solutions that combine protection, navigation support, and preventative planning.
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Asia's subsea industry is expanding and evolving rapidly, with the growing use of technology across the region changing the way risks are be assessed.
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Coface appoints Natthaphan Phanitchawong as head of commercial for Thailand
Bangkok-based Phanitchawong joins from AIG, where he spent 17 years as the head of the trade credit insurance department.
-
Evan Moore joins Lockton Australia as head of real estate
Sydney-based Moore joins from Zurich, where he led property, marine and technical lines for its general insurance business in Australia.
-
Howden brings crop, livestock, parametric risk specialist Sonal Mishra to Singapore
She relocates from India to take up the senior vice president role within the reinsurance division.
-
Jack Morecroft joins Marsh as cyber managing principal in Australia
Melbourne-based Morecroft joins from Gallagher, where he had been since January 2022 in London and Melbourne.
-
Starr taps Patto To as regional A&H claims manager
Hong Kong-based To will focus on strengthening claims service across Hong Kong and Singapore.
-
BMS Group appoints Anna Capone as national head of general claims for Australia
She joins from McLardy McShane Insurance Advisors, having also previously worked for KBI and Knightcorp Insurance Brokers.
-
Allianz Commercial confirms Steve Williams as head of liability underwriting
He has been with Allianz for over 15 year and had stepped into the acting head of liability role in October.
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Miller Japan hires Hiroaki Wakamatsu as business development, credit insurance specialist
He will work alongside Tokinori Kono, head of non-marine broking, across multiple lines of business, including credit, surety and political risk.
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Thailand’s TQR taps Tanasta Dhadasih as assistant vice president
She brings over 14 years of experience in the insurance industry, with strong expertise in financial lines, underwriting, corporate business, and client management.
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Labuan Re hires Chan Swee Chee as CUO
He brings over 28 years of experience in the (re)insurance industry, with extensive expertise in treaty and facultative reinsurance across Asia.
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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 GWP growth stalls at US$1.2bn in 2025, but underwriting gain soars 24%
Monetary Authority of Singapore filings show premium growth flatlined after a 17% jump the year before, even as it posted stronger underwriting gains and a 10% increase in net profit.
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US$100bn cat bond market ‘in reach’ as 2026 heads for record issuance: Gallagher Re
Strong demand from investors for new perils and for risk from underrepresented regions such as Asia Pacific, according to Jason Bolding, CEO of Gallagher Securities.
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Insurance seen as ‘genuine tipping point’ for Asia’s first major carbon capture, storage hubs
Consortium identifies India, Indonesia, Malaysia, and Australia as potential storage sites across the Asia Pacific, but insurers warn projects may not secure financing without long-term risk cover.
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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.
‘Right time for Hong Kong to push captive ambition’: Willis’ Steve Hutchinson
Steve Hutchinson, head of corporate risk and broking for Hong Kong and Macau at Willis, tells InsuranceAsia News about the ongoing evolution of Hong Kong’s captives regime and how multinational corporations are adapting their risk management strategies.
Supply outstripping demand, but headwinds could shift market: Guy Carpenter’s Tony Gallagher
Tony Gallagher, CEO of Asia Pacific at Guy Carpenter, speaks to InsuranceAsia News about the ongoing reinsurance market softening and the forces shaping loss activity and reinsurance buying in the region.
Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services