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Lockton Asia CEO targets doubling revenue by 2030, bets on specialty lines and employee benefits
Tony Hardy tells InsuranceAsia News the world’s largest privately owned insurance brokerage has its sights set on greater China and Southeast Asia.
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Mapfre Re names Chaturbhuj Bansal as head of India branch
Bansal has over 16 years of experience in the insurance and reinsurance industry and will be based in the Spanish reinsurer's new Gift City branch.
Mapfre Re names Chaturbhuj Bansal as head of India branch
Bansal has over 16 years of experience in the insurance and reinsurance industry and will be based in the Spanish reinsurer's new Gift City branch.
Bansal has over 16 years of experience in the insurance and reinsurance industry and will be based in the Spanish reinsurer's new Gift City branch.
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Marsh hires Kazutoyo Kobayashi as senior vice president for credit specialities in Japan
Tokyo-based Kobayashi was most recently a client manager at Munich Re.
Marsh hires Kazutoyo Kobayashi as senior vice president for credit specialities in Japan
Tokyo-based Kobayashi was most recently a client manager at Munich Re.
Tokyo-based Kobayashi was most recently a client manager at Munich Re.
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Willis hires Chintan Aashwini in India to bolster Asia M&A practice
He has been appointed as a director in the broker's regional mergers and acquisitions team.
Willis hires Chintan Aashwini in India to bolster Asia M&A practice
He has been appointed as a director in the broker's regional mergers and acquisitions team.
He has been appointed as a director in the broker's regional mergers and acquisitions team.
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Toa Re makes changes to Japan, Singapore leadership
Japanese reinsurer appoints Masahiro Yamada as managing director for Japan, with Ryo Yokochi named as CEO of its Singapore Branch.
Toa Re makes changes to Japan, Singapore leadership
Japanese reinsurer appoints Masahiro Yamada as managing director for Japan, with Ryo Yokochi named as CEO of its Singapore Branch.
Japanese reinsurer appoints Masahiro Yamada as managing director for Japan, with Ryo Yokochi named as CEO of its Singapore Branch.
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Typhoon Jangmi batters Japan’s Okinawa and Kagoshima, heads for Kyushu
Tropical storm injures at least nine people and leaves over 48,000 homes without power as of Tuesday afternoon.
Typhoon Jangmi batters Japan’s Okinawa and Kagoshima, heads for Kyushu
Tropical storm injures at least nine people and leaves over 48,000 homes without power as of Tuesday afternoon.
Tropical storm injures at least nine people and leaves over 48,000 homes without power as of Tuesday afternoon.
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Aon adds Lockton duo to Thailand treaty reinsurance team
Chettanart Boonphayoong and Yawapa Thiamthom join in Bangkok as directors.
Aon adds Lockton duo to Thailand treaty reinsurance team
Chettanart Boonphayoong and Yawapa Thiamthom join in Bangkok as directors.
Chettanart Boonphayoong and Yawapa Thiamthom join in Bangkok as directors.
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Gallagher Australia hires Charlotte Jolly as faith specialty practice leader
Melbourne-based Jolly will play a key role in further developing Gallagher's offering and strengthening the support for faith-based organisations.
Gallagher Australia hires Charlotte Jolly as faith specialty practice leader
Melbourne-based Jolly will play a key role in further developing Gallagher's offering and strengthening the support for faith-based organisations.
Melbourne-based Jolly will play a key role in further developing Gallagher's offering and strengthening the support for faith-based organisations.
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Specialist Risk Group appoints Lee Zong Wen as principal for credit, political risk in Asia
Appointment follows launch of its London-based credit and political risk team led by John Lentaigne, Ed Nicholson and Matt Solley.
Specialist Risk Group appoints Lee Zong Wen as principal for credit, political risk in Asia
Appointment follows launch of its London-based credit and political risk team led by John Lentaigne, Ed Nicholson and Matt Solley.
Appointment follows launch of its London-based credit and political risk team led by John Lentaigne, Ed Nicholson and Matt Solley.
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Australian broker Knightcorp boosts leadership with double move
Andrew Dawson joins as head of enterprise and specialty, while Craig Anderson joins as corporate manager.
Australian broker Knightcorp boosts leadership with double move
Andrew Dawson joins as head of enterprise and specialty, while Craig Anderson joins as corporate manager.
Andrew Dawson joins as head of enterprise and specialty, while Craig Anderson joins as corporate manager.
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Marsh’s Frank Lampert returns to Aon as client director in Australia
Brisbane-based Lampert was most recently managing principal for risk management at Marsh Risk.
Marsh’s Frank Lampert returns to Aon as client director in Australia
Brisbane-based Lampert was most recently managing principal for risk management at Marsh Risk.
Brisbane-based Lampert was most recently managing principal for risk management at Marsh Risk.
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PSC Insurance Brokers New Zealand promotes Carol Cooper to head of personal lines
Auckland-based Cooper joined PSC in December 2022, most recently as team leader for personal lines.
PSC Insurance Brokers New Zealand promotes Carol Cooper to head of personal lines
Auckland-based Cooper joined PSC in December 2022, most recently as team leader for personal lines.
Auckland-based Cooper joined PSC in December 2022, most recently as team leader for personal lines.
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Kerry Thom joins Miramar Group as head of financial lines, tailored risk
Miramar Group was created in April by bundling a group of Steadfast-backed underwriting agencies.
Kerry Thom joins Miramar Group as head of financial lines, tailored risk
Miramar Group was created in April by bundling a group of Steadfast-backed underwriting agencies.
Miramar Group was created in April by bundling a group of Steadfast-backed underwriting agencies.
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‘Pronounced softening’ at Florida renewals bodes well for APAC insureds, but long-term risks are building
Double-digit price cuts at the June 1 Florida renewals point to near-term relief for APAC cedents, yet rising coastal exposure and inflation-driven construction costs warn that rating adequacy remains a longer-term challenge.
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Beyond the canvas: APAC fine art and specie insurance boom fuelled by rising risks, shifting wealth patterns
Industry insiders tell InsuranceAsia News that wealth accumulation, art-finance links, and softer pricing drive insurer interest, while geopolitical and transit risks reshape underwriting.
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Asia Pacific MGA market has ‘a lot of headroom’ for growth
GC Access' Steve Warwick highlights strong expansion potential, with MGAs generating new business through talent and technology.
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‘Extremely unpredictable’: Marsh, Aon warn of critical risk, tighter terms for Strait of Hormuz transits
Escalating clashes in the key waterway have forced insurers to radically reduce deployment and recalibrate pricing in near real-time, industry insiders say.
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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Lockton Asia CEO targets doubling revenue by 2030, bets on specialty lines and employee benefits
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Exclusive: Victor Kuk draws up blueprint for a ‘truly global’ Peak Re
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Exclusive: Peak Re ready for next phase of growth, embrace new era: Franz-Josef Hahn
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‘Asia is an active strategic focus’: Fidelis aims to bulk up property treaty, specialty lines
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‘We get Asia, we’re committed, we’re long term’: Miller charts selective growth in Japan, South Korea, and beyond
M&A
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Filipino carriers confirm merger as FPG Mercantile
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Tiptree, Warburg Pincus complete US$1.65bn Fortegra sale to DB Insurance
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Hyundai Marine & Fire Insurance to expand into Europe, Southeast Asia: report
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South Korea’s DB Insurance set to complete Fortegra acquisition
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Tokio Marine outlines capacity for over US$10bn in M&A following Berkshire deal
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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Sedgwick Asia says it is ready to meet the evolving challenges of Asia’s dynamic insurance markets.
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PartnerRe | Understanding ageing in APAC: why perception, planning and protection don’t always align
Ageing is shaping finances, family dynamics and insurance needs of the caregiving ecosystem, but current product propositions and underwriting frameworks are not keeping pace with protection needs, finds PartnerRe survey.
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Mapfre Re names Chaturbhuj Bansal as head of India branch
Bansal has over 16 years of experience in the insurance and reinsurance industry and will be based in the Spanish reinsurer's new Gift City branch.
-
Marsh hires Kazutoyo Kobayashi as senior vice president for credit specialities in Japan
Tokyo-based Kobayashi was most recently a client manager at Munich Re.
-
Willis hires Chintan Aashwini in India to bolster Asia M&A practice
He has been appointed as a director in the broker's regional mergers and acquisitions team.
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Toa Re makes changes to Japan, Singapore leadership
Japanese reinsurer appoints Masahiro Yamada as managing director for Japan, with Ryo Yokochi named as CEO of its Singapore Branch.
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Aon adds Lockton duo to Thailand treaty reinsurance team
Chettanart Boonphayoong and Yawapa Thiamthom join in Bangkok as directors.
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Gallagher Australia hires Charlotte Jolly as faith specialty practice leader
Melbourne-based Jolly will play a key role in further developing Gallagher's offering and strengthening the support for faith-based organisations.
-
Specialist Risk Group appoints Lee Zong Wen as principal for credit, political risk in Asia
Appointment follows launch of its London-based credit and political risk team led by John Lentaigne, Ed Nicholson and Matt Solley.
-
Australian broker Knightcorp boosts leadership with double move
Andrew Dawson joins as head of enterprise and specialty, while Craig Anderson joins as corporate manager.
-
Marsh’s Frank Lampert returns to Aon as client director in Australia
Brisbane-based Lampert was most recently managing principal for risk management at Marsh Risk.
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PSC Insurance Brokers New Zealand promotes Carol Cooper to head of personal lines
Auckland-based Cooper joined PSC in December 2022, most recently as team leader for personal lines.
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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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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.
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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.
We don’t need to put a flag in every country and town: Lockton Asia’s Tony Hardy
Tony Hardy, CEO of Lockton Asia, discusses the US broker’s efforts to double its revenue in the region by 2030, and its recent deal to take majority ownership of its Malaysian joint venture.
Asia offers diversification amid global market softening: Miller’s Ron Whyte
Ron Whyte, head of Asia at Miller, talks to InsuranceAsia News about the broker’s ongoing expansion in Japan and South Korea, and the state of the reinsurance broking market in the region.
Insurtech: "As the [AI] hype continues, so does the imperative for insurers, insurtechs and distributors to look beyond the noise to the underlying forces at play."
David Lynch, bolttech