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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.
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Aon Malaysia hires Generali’s Janice Wong as senior vice president for corporate
Wong was most recently head of broking at Generali Malaysia, where she worked for over 25 years, starting as an assistant general manager.
Aon Malaysia hires Generali’s Janice Wong as senior vice president for corporate
Wong was most recently head of broking at Generali Malaysia, where she worked for over 25 years, starting as an assistant general manager.
Wong was most recently head of broking at Generali Malaysia, where she worked for over 25 years, starting as an assistant general manager.
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Starr appoints Vivian Xiao Wei as China head of financial lines
Shanghai-based Xiao has 17 years of underwriting experience, with a strong background in financial lines.
Starr appoints Vivian Xiao Wei as China head of financial lines
Shanghai-based Xiao has 17 years of underwriting experience, with a strong background in financial lines.
Shanghai-based Xiao has 17 years of underwriting experience, with a strong background in financial lines.
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Gallagher strengthens India liability, claims teams with four senior hires
The broker has appointed Mayank Sharma as national head of liability, Sunny Goel as strategic business leader for liability and renewable energy, Jyoti Krishnan as chief legal officer and national head of liability and specialty claims, and Nadeem Mokashi as head of P&C claims.
Gallagher strengthens India liability, claims teams with four senior hires
The broker has appointed Mayank Sharma as national head of liability, Sunny Goel as strategic business leader for liability and renewable energy, Jyoti Krishnan as chief legal officer and national head of liability and specialty claims, and Nadeem Mokashi as head of P&C claims.
The broker has appointed Mayank Sharma as national head of liability, Sunny Goel as strategic business leader for liability and renewable energy, Jyoti Krishnan as chief legal officer and national head of liability and specialty claims, and Nadeem Mokashi as head of P&C claims.
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West P&I strengthens Korean presence with new consultancy agreement
WIK Marine Consultant's director S. R. Kim has been appointed as West P&I’s representative in South Korea.
West P&I strengthens Korean presence with new consultancy agreement
WIK Marine Consultant's director S. R. Kim has been appointed as West P&I’s representative in South Korea.
WIK Marine Consultant's director S. R. Kim has been appointed as West P&I’s representative in South Korea.
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Lockton expands APAC transaction liability practice with senior hire
The broker has appointed Robert Whitworth as senior vice president for its Asia Pacific transaction liability practice in Singapore.
Lockton expands APAC transaction liability practice with senior hire
The broker has appointed Robert Whitworth as senior vice president for its Asia Pacific transaction liability practice in Singapore.
The broker has appointed Robert Whitworth as senior vice president for its Asia Pacific transaction liability practice in Singapore.
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Hong Kong challenges global markets with lower marine war-risk premiums amid Middle East tensions
The Hong Kong marine war risk pool, offering up to US$130m limit per policy, now covers 10 mainland Chinese ships sailing in the Gulf, the Hong Kong Insurance Authority said.
Hong Kong challenges global markets with lower marine war-risk premiums amid Middle East tensions
The Hong Kong marine war risk pool, offering up to US$130m limit per policy, now covers 10 mainland Chinese ships sailing in the Gulf, the Hong Kong Insurance Authority said.
The Hong Kong marine war risk pool, offering up to US$130m limit per policy, now covers 10 mainland Chinese ships sailing in the Gulf, the Hong Kong Insurance Authority said.
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Steadfast acquires food and beverage specialist broker Victual
The deal also includes Victual's MGA business @ Risk Underwriting, which specialises in product recall solutions for the sector.
Steadfast acquires food and beverage specialist broker Victual
The deal also includes Victual's MGA business @ Risk Underwriting, which specialises in product recall solutions for the sector.
The deal also includes Victual's MGA business @ Risk Underwriting, which specialises in product recall solutions for the sector.
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Nick Studer to succeed Martin South as Marsh Risk CEO
South, who previously served as the broker's CEO for Asia Pacific, will step into an enterprise-wide role as chief client officer.
Nick Studer to succeed Martin South as Marsh Risk CEO
South, who previously served as the broker's CEO for Asia Pacific, will step into an enterprise-wide role as chief client officer.
South, who previously served as the broker's CEO for Asia Pacific, will step into an enterprise-wide role as chief client officer.
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ICA calls for a review of Australia’s liability laws
Outdated liability laws are pushing up premiums for small businesses, according to the ICA.
ICA calls for a review of Australia’s liability laws
Outdated liability laws are pushing up premiums for small businesses, according to the ICA.
Outdated liability laws are pushing up premiums for small businesses, according to the ICA.
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Canopius’ APAC premiums climb 22% to US$461m, COR drops to 81.2%
Samsung-backed Lloyd's carrier hails strong engineering and Australian casualty lines growth.
Canopius’ APAC premiums climb 22% to US$461m, COR drops to 81.2%
Samsung-backed Lloyd's carrier hails strong engineering and Australian casualty lines growth.
Samsung-backed Lloyd's carrier hails strong engineering and Australian casualty lines growth.
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Aon appoints ex-APAC CEO Anne Corona to lead North America
Corona succeeds Lori Goltermann, who will take over as vice chair of Aon.
Aon appoints ex-APAC CEO Anne Corona to lead North America
Corona succeeds Lori Goltermann, who will take over as vice chair of Aon.
Corona succeeds Lori Goltermann, who will take over as vice chair of Aon.
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Coface taps AIG’s Priscilla Ng as commercial director for Singapore
Ng will report to Grishma Kewada, Coface’s chief executive and country manager for Singapore.
Coface taps AIG’s Priscilla Ng as commercial director for Singapore
Ng will report to Grishma Kewada, Coface’s chief executive and country manager for Singapore.
Ng will report to Grishma Kewada, Coface’s chief executive and country manager for Singapore.
Popular posts:
- ‘It’s your battle. It’s your career’: regional leaders ponder incomplete progress as International Women’s Day shines light on equality, diversity
- Aon appoints ex-APAC CEO Anne Corona to lead North America
- Willis’ Kelsie Makepeace takes up new role in Dubai
- Stephen Ward to lead Steadfast’s newly formed Miramar Group
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P&I renewals on an even keel as lower claims, higher returns soften stance
Despite early fears of hardening conditions following a surge in pool claims, the 2026-27 renewals closed on a notably pragmatic tone prior to the outbreak of the war in Iran.
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‘It’s your battle. It’s your career’: regional leaders ponder incomplete progress as International Women’s Day shines light on equality, diversity
Zurich's Tulsi Naidu, Axa XL's Sylvie Gleise, WTW's Chiaki Tanaka, Coface's Grishma Kewada, Asia Insurance's Winnie Wong, and Howden's Shweta Swaroop spoke to InsuranceAsia News to mark International Women's Day.
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Legal precedent raises stakes for aviation war insurers as Iran conflict grounds fleets
Aviation war market faces a flurry of policy cancellations and reinstatements this week, with rates expected to surge by triple digits.
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Warning of 50% spike in marine war risk premiums as Iran conflict intensifies
With US$500bn in energy trade at a standstill, proportionality and caution are the watchwords for the marine market as it braces for a prolonged crisis.
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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Steadfast acquires food and beverage specialist broker Victual
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IRDAI clears Allianz Jio Re, Kiwi General to begin operations
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Ardonagh-backed Cornerstone Risk acquires Australia’s Cav Insure
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Jio Financial pumps US$16m into Allianz Jio Reinsurance
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Mitsui Sumitomo completes acquisition of 15% stake in WR Berkley
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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Aon Malaysia hires Generali’s Janice Wong as senior vice president for corporate
Wong was most recently head of broking at Generali Malaysia, where she worked for over 25 years, starting as an assistant general manager.
-
Starr appoints Vivian Xiao Wei as China head of financial lines
Shanghai-based Xiao has 17 years of underwriting experience, with a strong background in financial lines.
-
Gallagher strengthens India liability, claims teams with four senior hires
The broker has appointed Mayank Sharma as national head of liability, Sunny Goel as strategic business leader for liability and renewable energy, Jyoti Krishnan as chief legal officer and national head of liability and specialty claims, and Nadeem Mokashi as head of P&C claims.
-
West P&I strengthens Korean presence with new consultancy agreement
WIK Marine Consultant's director S. R. Kim has been appointed as West P&I’s representative in South Korea.
-
Lockton expands APAC transaction liability practice with senior hire
The broker has appointed Robert Whitworth as senior vice president for its Asia Pacific transaction liability practice in Singapore.
-
Nick Studer to succeed Martin South as Marsh Risk CEO
South, who previously served as the broker's CEO for Asia Pacific, will step into an enterprise-wide role as chief client officer.
-
Aon appoints ex-APAC CEO Anne Corona to lead North America
Corona succeeds Lori Goltermann, who will take over as vice chair of Aon.
-
Coface taps AIG’s Priscilla Ng as commercial director for Singapore
Ng will report to Grishma Kewada, Coface’s chief executive and country manager for Singapore.
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Gallagher Australia appoints Marsh’s Johannes-Daniel Veldsman as chief commercial officer
Sydney-based Veldsman will have national responsibility for the majority of the broker's specialism teams, according to a company note seen by InsuranceAsia News.
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Willis’ Kelsie Makepeace takes up new role in Dubai
Makepeace has relocated from Hong Kong as placement strategy execution leader, DIFC, which covers the CEEMEA region.
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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.
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.
Cyber insurance has a long way to go amid soaring demand in Asia: WTW’s Carlos Grijalva
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.
Reinsurance: The real test is what happens in the tail. That means looking beyond expected losses and asking harder questions: how much capital is exposed in a truly severe scenario?
Pavel Huerta, Swiss Re