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Bajaj Finserv, Aviso Specialty, Swiss Re CorSo, Everest, Lockton: 13 APAC insurance people moves of the week
Mitsui Bussan Pana Harrison, Marsh, Axa XL, Great Eastern, HDI Global, Knightcorp, Ace Insurance Brokers and Howden Re also made personnel changes over the last week.
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Insurers to extend mandatory motor, employees’ compensation cover to Huanggang port area at no extra cost
Market agreement signed between the government and the industry ahead of the port's official opening next Monday.
Insurers to extend mandatory motor, employees’ compensation cover to Huanggang port area at no extra cost
Market agreement signed between the government and the industry ahead of the port's official opening next Monday.
Market agreement signed between the government and the industry ahead of the port's official opening next Monday.
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TT Club and UK P&I Club members vote to merge, creating Unified Transport Mutual
The combination is effective from February 20 next year and is expected to generate a 5% improvement in the merged entity’s COR.
TT Club and UK P&I Club members vote to merge, creating Unified Transport Mutual
The combination is effective from February 20 next year and is expected to generate a 5% improvement in the merged entity’s COR.
The combination is effective from February 20 next year and is expected to generate a 5% improvement in the merged entity’s COR.
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HDI Global Japan names Kei Kimura as general manager of distribution and marketing
Kimura joined the German insurer's Japan branch on October 1.
HDI Global Japan names Kei Kimura as general manager of distribution and marketing
Kimura joined the German insurer's Japan branch on October 1.
Kimura joined the German insurer's Japan branch on October 1.
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Howden Re hires Titus Wu as associate director for APAC facultative
Wu relocated to Singapore from Hong Kong, where he was most recently an associate director at Aon.
Howden Re hires Titus Wu as associate director for APAC facultative
Wu relocated to Singapore from Hong Kong, where he was most recently an associate director at Aon.
Wu relocated to Singapore from Hong Kong, where he was most recently an associate director at Aon.
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Thailand’s insured flood losses to date in 2026 at US$297–327m: OIC
Carriers escaped major losses in the latest event because property policies now include flood sublimits that cap insurer liability and prevent runaway losses, says Crawford's Sompong Suriwong.
Thailand’s insured flood losses to date in 2026 at US$297–327m: OIC
Carriers escaped major losses in the latest event because property policies now include flood sublimits that cap insurer liability and prevent runaway losses, says Crawford's Sompong Suriwong.
Carriers escaped major losses in the latest event because property policies now include flood sublimits that cap insurer liability and prevent runaway losses, says Crawford's Sompong Suriwong.
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Tuvalu becomes 13th member of PCRIC, securing cyclone coverage
Work is also already underway to develop a tailored drought insurance product for Tuvalu, expected to be available in early 2027.
Tuvalu becomes 13th member of PCRIC, securing cyclone coverage
Work is also already underway to develop a tailored drought insurance product for Tuvalu, expected to be available in early 2027.
Work is also already underway to develop a tailored drought insurance product for Tuvalu, expected to be available in early 2027.
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Specialty MGA hires David Higgins to lead global bloodstock expansion
MNK Group's new portfolio will have a global remit, with a particular focus on opportunities in Australasia, the US, the UK, and Europe.
Specialty MGA hires David Higgins to lead global bloodstock expansion
MNK Group's new portfolio will have a global remit, with a particular focus on opportunities in Australasia, the US, the UK, and Europe.
MNK Group's new portfolio will have a global remit, with a particular focus on opportunities in Australasia, the US, the UK, and Europe.
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Business interruption claim severity up more than 30% a year: Allianz Commercial
While volume of claims remained stable, value has increased sharply in recent years due to geopolitical tensions and increasing cyber and technological risk.
Business interruption claim severity up more than 30% a year: Allianz Commercial
While volume of claims remained stable, value has increased sharply in recent years due to geopolitical tensions and increasing cyber and technological risk.
While volume of claims remained stable, value has increased sharply in recent years due to geopolitical tensions and increasing cyber and technological risk.
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APAC data centre expansion concentrates risk across construction, power, operations and cyber: Howden
Insurers and brokers are increasingly providing integrated programs addressing both construction and operational phases, with delay in start-up cover responding only to delays caused by an underlying insured physical loss event.
APAC data centre expansion concentrates risk across construction, power, operations and cyber: Howden
Insurers and brokers are increasingly providing integrated programs addressing both construction and operational phases, with delay in start-up cover responding only to delays caused by an underlying insured physical loss event.
Insurers and brokers are increasingly providing integrated programs addressing both construction and operational phases, with delay in start-up cover responding only to delays caused by an underlying insured physical loss event.
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AM Best maintains stable outlook for Indonesia non-life sector
Robust economic growth and capital strengthening measures are supportive of the industry's profitability, according to AM Best.
AM Best maintains stable outlook for Indonesia non-life sector
Robust economic growth and capital strengthening measures are supportive of the industry's profitability, according to AM Best.
Robust economic growth and capital strengthening measures are supportive of the industry's profitability, according to AM Best.
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GIC Re’s investment income makes up for lack of technical profits: AM Best
Rating agency has affirmed the financial strength rating of A- (excellent), the long-term issuer credit rating of “a-” (excellent) and the national scale rating of aaa.IN (exceptional) of GIC Re, all with stable outlook.
GIC Re’s investment income makes up for lack of technical profits: AM Best
Rating agency has affirmed the financial strength rating of A- (excellent), the long-term issuer credit rating of “a-” (excellent) and the national scale rating of aaa.IN (exceptional) of GIC Re, all with stable outlook.
Rating agency has affirmed the financial strength rating of A- (excellent), the long-term issuer credit rating of “a-” (excellent) and the national scale rating of aaa.IN (exceptional) of GIC Re, all with stable outlook.
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South Korea’s OK Financial signs deal to acquire Yebyeol Insurance from KDIC
KDIC will provide US$737m in financial support as part of the deal.
South Korea’s OK Financial signs deal to acquire Yebyeol Insurance from KDIC
KDIC will provide US$737m in financial support as part of the deal.
KDIC will provide US$737m in financial support as part of the deal.
Popular posts:
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Insurers urged to step up as risk managers confront ‘flock of black swans’
With companies demanding ever more from their risk managers, demand at the Ferma Forum was for insurance partners to deliver more than they currently do.
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‘We must challenge the status quo’: insurance cycle no longer fit for purpose, risk management chief warns
President Philippe Cotelle tells the Federation of European Risk Management Associations (Ferma) Forum 2026 in Rotterdam that insurers must change to remain relevant to global organisations.
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El Nino changes risk conversation as Australian insurers scrutinise bushfire, flood exposure
Industry sources say pricing and reinsurance are set with a longer-term view, with catastrophe models and scenario testing informing risk assessment rather than adjustments to individual climate cycles.
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As APAC risk transfer market opens up, Marsh Re eyes parametric wind, bushfire cover
Broker's Raincell flood solution for Australia signals broader parametric push, head of Catastrophe Advisory in Asia Pacific Jeremy Waite tells 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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‘Many don’t appreciate what can go wrong’: bloodstock insurance finds its footing in North Asia
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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
M&A
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TT Club and UK P&I Club members vote to merge, creating Unified Transport Mutual
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South Korea’s OK Financial signs deal to acquire Yebyeol Insurance from KDIC
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Exclusive: Meritz Korindo chief denies reports of stake sale by Meritz Fire & Marine
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IAG, RAC seek tribunal review of ACCC’s US$940m deal block
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Meritz moving to sell 51% stake in Indonesian JV: 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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Captive insurance has evolved from niche tool to strategic risk infrastructure in Asia, with connected claims data seen as key to unlocking its full value.
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Are insurers capturing full value from the asset class? BlackRock shares its perspective.
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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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Howden Re hires Titus Wu as associate director for APAC facultative
Wu relocated to Singapore from Hong Kong, where he was most recently an associate director at Aon.
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Specialty MGA hires David Higgins to lead global bloodstock expansion
MNK Group's new portfolio will have a global remit, with a particular focus on opportunities in Australasia, the US, the UK, and Europe.
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Marsh elevates Sonya Febbo to Australia head of authorised representatives for corporate, commercial
Melbourne-based Febbo previously spent over 15 years as managing director of XS Insurance, a corporate authorised representative of Marsh.
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Aviso Specialty hires Marsh veteran Eric Wojcik to stand up capital solutions group
Wojcik, who joins as head of capital and guarantee solutions, will start in his new role from March next year.
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Mitsui Bussan Pana Harrison appoints Alice Lim as head of general insurance
She replaces Lisa Marbon, who will continue in a senior capacity, focusing on strategic client relationships, business initiatives, and supporting the company.
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Lockton taps Kenichiro Miki as senior consultant for Japan business
He joins from Price Forbes where he was head of its Japan practice.
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Australian broker Knightcorp adds Justin Geldart as financial lines account director
Perth-based Geldart joins with nearly three decades of insurance experience, last holding the position of client manager at Gallagher since January 2024.
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Ace Insurance Brokers hires Shashin Kowshik as senior vice president
He was formerly with Aon for over a decade, having also worked for Bajaj Allianz General Insurance for almost 10 years in various underwriting roles.
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Adnan Bhat joins Swiss Re CorSo as APAC global network manager
He joins the international programs team after almost six years at Munich Re’s India P&C division in Mumbai.
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Axa XL promotes Paul Gardner to Asia underwriting manager for political risk, credit, bond
Based in Singapore, Gardner brings over 35 years of experience in structured finance and cross-border solutions spanning project finance, commodity finance, tax, leasing, export credit agencies, as well as advisory and workout solutions.
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Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services
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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.
Asia domiciled sidecars show ‘untapped potential’ for reinsurers: MS Amlin’s William Ho
William Ho, CEO of Asia Pacific at MS Amlin in Singapore, tells InsuranceAsia News about the Lloyd’s carrier's plans to expand its ILS program in 2027 and opportunities for third-party capital innovation in the region.
‘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.
Claims: "In a region as diverse as Asia, understanding how insurance is intended to respond in practice can be just as important as understanding what the policy covers."
Pavlos Spyropoulos, Tokio Marine Kiln