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Softening mining market tests insurers as ESG lines blur, capacity surges
Expanding capital, easing ESG positions and aggressive competition are reshaping Australian mining insurance, even as tailings storage facilities, water risks and climate volatility keep underwriting discipline under pressure
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Drone strike on Dubai airport puts 119 aircraft worth US$12bn at risk: Russell
Flight cancellations, some lasting till June, highlight that aviation sector is on the front line of the conflict in the Middle East, according to the specialty risk intelligence specialist.
Drone strike on Dubai airport puts 119 aircraft worth US$12bn at risk: Russell
Flight cancellations, some lasting till June, highlight that aviation sector is on the front line of the conflict in the Middle East, according to the specialty risk intelligence specialist.
Flight cancellations, some lasting till June, highlight that aviation sector is on the front line of the conflict in the Middle East, according to the specialty risk intelligence specialist.
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‘Biggest system in living memory’ edges towards Australia’s coast, ARPC declares event
Tropical Cyclone Narelle, which developed off flood-hit Queensland’s far north, is the eighth of Australia’s storm season.
‘Biggest system in living memory’ edges towards Australia’s coast, ARPC declares event
Tropical Cyclone Narelle, which developed off flood-hit Queensland’s far north, is the eighth of Australia’s storm season.
Tropical Cyclone Narelle, which developed off flood-hit Queensland’s far north, is the eighth of Australia’s storm season.
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India steps up efforts to create P&I club amid escalating Iran conflict: reports
Shipping ministry has held discussions with the Department of Financial Services on starting a homegrown club.
India steps up efforts to create P&I club amid escalating Iran conflict: reports
Shipping ministry has held discussions with the Department of Financial Services on starting a homegrown club.
Shipping ministry has held discussions with the Department of Financial Services on starting a homegrown club.
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Indonesia to launch national parametric products for coffee, cocoa farmers
Insurtech Blue Marble, state-owned insurer Asuransi Jasindo, and the InsuResilience Solutions Fund are co-funding the development and implementation, with support from the Ministry of Agriculture.
Indonesia to launch national parametric products for coffee, cocoa farmers
Insurtech Blue Marble, state-owned insurer Asuransi Jasindo, and the InsuResilience Solutions Fund are co-funding the development and implementation, with support from the Ministry of Agriculture.
Insurtech Blue Marble, state-owned insurer Asuransi Jasindo, and the InsuResilience Solutions Fund are co-funding the development and implementation, with support from the Ministry of Agriculture.
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Willis adds quartet to India aviation, aerospace team
Specialist brokers Nisha Solanki, Rushabh Thakkar, Shrutik Pitale and Ganesh Bangera have all joined from Aon.
Willis adds quartet to India aviation, aerospace team
Specialist brokers Nisha Solanki, Rushabh Thakkar, Shrutik Pitale and Ganesh Bangera have all joined from Aon.
Specialist brokers Nisha Solanki, Rushabh Thakkar, Shrutik Pitale and Ganesh Bangera have all joined from Aon.
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Sodalis acquires MGA startup Amiga Specialty for US$2.4m
Amiga, which received approval to underwrite in Hong Kong this month, will operate as BP Marsh-backed Sodalis’ platform to drive global expansion across specialty lines.
Sodalis acquires MGA startup Amiga Specialty for US$2.4m
Amiga, which received approval to underwrite in Hong Kong this month, will operate as BP Marsh-backed Sodalis’ platform to drive global expansion across specialty lines.
Amiga, which received approval to underwrite in Hong Kong this month, will operate as BP Marsh-backed Sodalis’ platform to drive global expansion across specialty lines.
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Legacy specialist RiverStone launches Australian unit led by Mark Fleiser, strikes Zurich LPT deal
The US$283m loss portfolio transfer deal with Zurich will primarily cover Australian legacy professional indemnity, general liability and workers’ compensation portfolios.
Legacy specialist RiverStone launches Australian unit led by Mark Fleiser, strikes Zurich LPT deal
The US$283m loss portfolio transfer deal with Zurich will primarily cover Australian legacy professional indemnity, general liability and workers’ compensation portfolios.
The US$283m loss portfolio transfer deal with Zurich will primarily cover Australian legacy professional indemnity, general liability and workers’ compensation portfolios.
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BPL sets up shop in Japan amid international expansion, names Kenichi Iwakura CEO
Credit and political risk insurance broker already has offices in London, Paris, New York, Singapore, Hong Kong, and Geneva.
BPL sets up shop in Japan amid international expansion, names Kenichi Iwakura CEO
Credit and political risk insurance broker already has offices in London, Paris, New York, Singapore, Hong Kong, and Geneva.
Credit and political risk insurance broker already has offices in London, Paris, New York, Singapore, Hong Kong, and Geneva.
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Lloyd’s, specialty carriers face heightened exposure to Iran conflict: Fitch
Impact on the global insurance industry will be manageable unless the scope and duration widens, according to the rating agency.
Lloyd’s, specialty carriers face heightened exposure to Iran conflict: Fitch
Impact on the global insurance industry will be manageable unless the scope and duration widens, according to the rating agency.
Impact on the global insurance industry will be manageable unless the scope and duration widens, according to the rating agency.
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Francis Lim joins Sompo as Singapore financial lines lead
He has over 24 years of experience in financial lines underwriting.
Francis Lim joins Sompo as Singapore financial lines lead
He has over 24 years of experience in financial lines underwriting.
He has over 24 years of experience in financial lines underwriting.
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Exclusive: BNP Paribas Cardif needs 4 years to exit Taiwan P&C market amid US$15m shortfall
Financial Supervisory Commission has recieved a business cessation application from the Taiwan Branch of Cardif-Assurances Risques Divers.
Exclusive: BNP Paribas Cardif needs 4 years to exit Taiwan P&C market amid US$15m shortfall
Financial Supervisory Commission has recieved a business cessation application from the Taiwan Branch of Cardif-Assurances Risques Divers.
Financial Supervisory Commission has recieved a business cessation application from the Taiwan Branch of Cardif-Assurances Risques Divers.
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Japan, Australia export insurers renew reciprocal reinsurance pact
Deal between Export Finance Australia and Nippon Export and Investment Insurance streamlines reinsurance operations and boosts support for exports to third countries and joint projects.
Japan, Australia export insurers renew reciprocal reinsurance pact
Deal between Export Finance Australia and Nippon Export and Investment Insurance streamlines reinsurance operations and boosts support for exports to third countries and joint projects.
Deal between Export Finance Australia and Nippon Export and Investment Insurance streamlines reinsurance operations and boosts support for exports to third countries and joint projects.
Popular posts:
- Drone strike on Dubai airport puts 119 aircraft worth US$12bn at risk: Russell
- Munich Re ships Sompo veteran Koki Shiomi as marine underwriter in Japan
- Warburg Pincus weighs sale of Oona Insurance after buyer interest: Bloomberg
- MS&AD elevates Clemens Philippi to chief strategy officer for international business
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Hong Kong’s drifted off course, but has time to right marine insurance strength with cargo focus: Philip Bilney
City has 'perhaps not done enough' compared to Singapore to continue to attract talent and improve its offering, executive chairman of +8 Partners tells InsuranceAsia News’ Between the Lines podcast.
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The million-dollar question: is a standalone AI cover needed to tackle rising silent risks?
As AI becomes deeply embedded across industries, Lockton’s cyber and technology head Carlo Ramadoro says insurers may need to develop a all-risks AI policy to address growing uncertainty around coverage.
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Questions mount over Trump’s touted US$20bn war facility for Gulf shipping
The extent of involvement from the international marine (re)insurance market is also unclear, given that the US agency said it will work ‘with preferred American insurance partners’.
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Captive momentum accelerates in Asia as firms look to close insurability gap
Despite a softening market, a growing number of companies are turning to captives to manage emerging exposures and fill gaps left by the traditional insurance market.
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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‘No longer optional’: parametric climate cover gains urgency as Asia Pacific faces accelerating volatility
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‘Big expectations’ as Gift City branch gives Mapfre Re vehicle to drive India, APAC growth: Javier Sánchez Cea
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‘Exciting and new’: Specialist Risk Group aims to put itself on the map in Australia, Southeast Asia
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Cyber on the mind for ‘next few years’ as Asian ransomware attacks more than double as digitalisation outpaces defences
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Chubb’s Evan Greenberg ‘bullish on long-term opportunity’ for Asia
M&A
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Sodalis acquires MGA startup Amiga Specialty for US$2.4m
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Legacy specialist RiverStone launches Australian unit led by Mark Fleiser, strikes Zurich LPT deal
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Warburg Pincus weighs sale of Oona Insurance after buyer interest: Bloomberg
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Steadfast acquires food and beverage specialist broker Victual
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IRDAI clears Allianz Jio Re, Kiwi General to begin operations
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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Willis adds quartet to India aviation, aerospace team
Specialist brokers Nisha Solanki, Rushabh Thakkar, Shrutik Pitale and Ganesh Bangera have all joined from Aon.
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BPL sets up shop in Japan amid international expansion, names Kenichi Iwakura CEO
Credit and political risk insurance broker already has offices in London, Paris, New York, Singapore, Hong Kong, and Geneva.
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Francis Lim joins Sompo as Singapore financial lines lead
He has over 24 years of experience in financial lines underwriting.
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Howden folds India business into Rohan Bhappu-led Asia division
Paul Redgate becomes chairman of Howden India as part of the broker’s global reorganisation.
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Price Forbes boosts newly formed treaty reinsurance team in Singapore
Goh Thian Leong, Mark Foster and Florence Lam Puoy Yin join with immediate effect.
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BHSI appoints Julian Baumbach as ANZ head of motor
He was most recently motor underwriting manager of New South Wales and Australian Capital Territory at Zurich Insurance.
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Market Lane revamps Australia leadership, underwriting teams to support ‘continued growth’
Managing director David Porteous named CEO, with Toby Salmon, Shane Golding and Matthew Porteous assuming managing director roles.
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Sompo taps Alice Sun as senior casualty underwriter in Hong Kong
She joins the casualty team in Hong Kong from Allianz Commercial.
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QBE Re takes Aspen’s Soichiro Tanaka as Southeast Asia head
Singapore-based Tanaka will report directly to Cindy Foo, head of treaty in Asia.
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Bruce Ford joins Price Forbes Re as chief commercial officer for Asia and head of MGA
Joining from Miller, Singapore-based Ford will spearhead the broker's MGA practice 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 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.
Development of Asia’s ILS market with Peak Re’s Iain Reynolds
Iain Reynolds, head of third party capital at Peak Re, talks to InsuranceAsia News about the development of Asia's ILS market
1.1 renewals takeaways and 2026 market outlook with Gallagher Re’s Mark O’Brien
Mark O'Brien, head of Asia Pacific at Gallagher Re, talks to InsuranceAsia News about the 1.1 renewals and the outlook for the market in 2026.
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