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Cargo crime crisis meets US$3bn Dali fallout as global marine insurance buckles under twin threats
Asia-centred cargo market faces organised criminal gangs armed with AI and record theft costs, while the Baltimore bridge casualty pushes P&I clubs toward overspill territory.
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Typhoon Dujuan losses to be close to August Chiba flood figures: Crawford
Loss adjuster Mamoru Tanouchi says flooding affected mostly the residential and agricultural areas in Chiba prefecture, with 10 people confirmed dead, and at least four missing as of Thursday afternoon.
Typhoon Dujuan losses to be close to August Chiba flood figures: Crawford
Loss adjuster Mamoru Tanouchi says flooding affected mostly the residential and agricultural areas in Chiba prefecture, with 10 people confirmed dead, and at least four missing as of Thursday afternoon.
Loss adjuster Mamoru Tanouchi says flooding affected mostly the residential and agricultural areas in Chiba prefecture, with 10 people confirmed dead, and at least four missing as of Thursday afternoon.
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Newly-launched Miller Malaysia appoints Vinnisha Chandrasegar as associate director for treaty
Kuala Lumpur-based Chandrasegar joins Miller from Guy Carpenter (now Marsh Re), where she worked for nearly two years as assistant vice president.
Newly-launched Miller Malaysia appoints Vinnisha Chandrasegar as associate director for treaty
Kuala Lumpur-based Chandrasegar joins Miller from Guy Carpenter (now Marsh Re), where she worked for nearly two years as assistant vice president.
Kuala Lumpur-based Chandrasegar joins Miller from Guy Carpenter (now Marsh Re), where she worked for nearly two years as assistant vice president.
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New IUMI president Sean Dalton sets course for diversity and inclusion, education, AI, sustainability
He was elected unopposed to replace Frédéric Denèfle during the annual conference in Rotterdam.
New IUMI president Sean Dalton sets course for diversity and inclusion, education, AI, sustainability
He was elected unopposed to replace Frédéric Denèfle during the annual conference in Rotterdam.
He was elected unopposed to replace Frédéric Denèfle during the annual conference in Rotterdam.
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Africa Specialty Risks eyes expansion following Vitruvian Partners strategic investment
Reinsurer has targeted expansion beyond Africa and the Middle East, including in India and Southeast Asia.
Africa Specialty Risks eyes expansion following Vitruvian Partners strategic investment
Reinsurer has targeted expansion beyond Africa and the Middle East, including in India and Southeast Asia.
Reinsurer has targeted expansion beyond Africa and the Middle East, including in India and Southeast Asia.
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Louise Austin makes ‘bittersweet’ move to Hannover Re as senior underwriter for Australian fac cas
Sydney-based Austin joins from Berkshire Hathaway Specialty Insurance, where she had been a senior commercial underwriter since September 2024.
Louise Austin makes ‘bittersweet’ move to Hannover Re as senior underwriter for Australian fac cas
Sydney-based Austin joins from Berkshire Hathaway Specialty Insurance, where she had been a senior commercial underwriter since September 2024.
Sydney-based Austin joins from Berkshire Hathaway Specialty Insurance, where she had been a senior commercial underwriter since September 2024.
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Chubb’s Darren Cook joins Delta Insurance Australia as a financial lines underwriting manager
He was most recently domain lead for digital partnerships having joined Chubb in November 2012 as an underwriting analyst.
Chubb’s Darren Cook joins Delta Insurance Australia as a financial lines underwriting manager
He was most recently domain lead for digital partnerships having joined Chubb in November 2012 as an underwriting analyst.
He was most recently domain lead for digital partnerships having joined Chubb in November 2012 as an underwriting analyst.
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AI benefits, risks to become relevant credit factors for (re)insurers: S&P Ratings
Survey suggests insurance industry will significantly increase AI-related expenditure over the next three years.
AI benefits, risks to become relevant credit factors for (re)insurers: S&P Ratings
Survey suggests insurance industry will significantly increase AI-related expenditure over the next three years.
Survey suggests insurance industry will significantly increase AI-related expenditure over the next three years.
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Sompo names Joe Wee as APAC construction underwriting head
Singapore-based Wee has over 26 years of experience as an engineering and construction specialist.
Sompo names Joe Wee as APAC construction underwriting head
Singapore-based Wee has over 26 years of experience as an engineering and construction specialist.
Singapore-based Wee has over 26 years of experience as an engineering and construction specialist.
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Indian regulator eases dividend distribution rules for foreign-owned brokers
Insurance Regulatory and Development Authority of India scraps the prior-approval regime for insurance intermediaries repatriating dividends to majority foreign shareholders, along with the cap on dividend payout ratios.
Indian regulator eases dividend distribution rules for foreign-owned brokers
Insurance Regulatory and Development Authority of India scraps the prior-approval regime for insurance intermediaries repatriating dividends to majority foreign shareholders, along with the cap on dividend payout ratios.
Insurance Regulatory and Development Authority of India scraps the prior-approval regime for insurance intermediaries repatriating dividends to majority foreign shareholders, along with the cap on dividend payout ratios.
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Lockton appoints Arthur Wong as Pacific head of analytics
He joins Lockton following more than a decade at Marsh.
Lockton appoints Arthur Wong as Pacific head of analytics
He joins Lockton following more than a decade at Marsh.
He joins Lockton following more than a decade at Marsh.
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IAG to seek public benefits approval after competition watchdog halts RAC Insurance acquisition
Australian Competition and Consumer Commission says the deal would likely substantially lessen competition in the supply of motor, home and contents insurance in Western Australia, while IAG says it would create long-term benefits for members, customers and communities.
IAG to seek public benefits approval after competition watchdog halts RAC Insurance acquisition
Australian Competition and Consumer Commission says the deal would likely substantially lessen competition in the supply of motor, home and contents insurance in Western Australia, while IAG says it would create long-term benefits for members, customers and communities.
Australian Competition and Consumer Commission says the deal would likely substantially lessen competition in the supply of motor, home and contents insurance in Western Australia, while IAG says it would create long-term benefits for members, customers and communities.
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‘Calculated risk, not uninsurable’: marine insurers urged to stay the course amid Strait of Hormuz conflict
US Rear Admiral Matthew Kawas tells the opening day of the International Union of Marine Insurance (IUMI) annual conference in Rotterdam to 'let us handle the torpedoes', urging insurers to keep covering transits of the key waterway.
‘Calculated risk, not uninsurable’: marine insurers urged to stay the course amid Strait of Hormuz conflict
US Rear Admiral Matthew Kawas tells the opening day of the International Union of Marine Insurance (IUMI) annual conference in Rotterdam to 'let us handle the torpedoes', urging insurers to keep covering transits of the key waterway.
US Rear Admiral Matthew Kawas tells the opening day of the International Union of Marine Insurance (IUMI) annual conference in Rotterdam to 'let us handle the torpedoes', urging insurers to keep covering transits of the key waterway.
Popular posts:
- Typhoon Dujuan triggers record rainfall, landslides, flooding in Japan
- Canopius bolsters APAC leadership team with senior claims, underwriting appointments
- Envest taps former Marsh NZ chief Toni Ferrier to lead New Zealand broking
- QBE hires Shahrezal Wan as Singapore lead for motor, corporate underwriting solutions
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Stricter rules, cross-border risks drive Asia financial lines growth: Lockton’s Frederic Boles
Head of professional executive and credit for Asia tells InsuranceAsia News' Between the Lines podcast that the region is a 'dynamic marketplace with a lot of opportunities'.
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APAC decommissioning market enters transitional phase as ageing energy assets reach end of life
From Indonesia's 630 offshore platforms to Australia's US$45bn liability, insurers are assessing the growing wave of decommissioning activity as operators grapple with ageing energy infrastructure, industry sources told InsuranceAsia News.
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Asia reinsurance market ‘some way off’ diminished strength, Gallagher Re’s David Bangs says
Broker's head of APAC UK expects ample capacity and a buyer’s market to persist across the region, with reinsurers offering increasingly varied solutions.
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‘The highs are very high, the lows are very low’: New Zealand’s volatile, super-soft P&C market faces a turning point
After two years of double-digit rate cuts and a benign catastrophe experience, New Zealand's P&C market is showing signs of bottoming out, according to industry sources.
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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IAG to seek public benefits approval after competition watchdog halts RAC Insurance acquisition
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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
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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Are insurers capturing full value from the asset class? BlackRock shares its perspective.
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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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Newly-launched Miller Malaysia appoints Vinnisha Chandrasegar as associate director for treaty
Kuala Lumpur-based Chandrasegar joins Miller from Guy Carpenter (now Marsh Re), where she worked for nearly two years as assistant vice president.
-
New IUMI president Sean Dalton sets course for diversity and inclusion, education, AI, sustainability
He was elected unopposed to replace Frédéric Denèfle during the annual conference in Rotterdam.
-
Africa Specialty Risks eyes expansion following Vitruvian Partners strategic investment
Reinsurer has targeted expansion beyond Africa and the Middle East, including in India and Southeast Asia.
-
Louise Austin makes ‘bittersweet’ move to Hannover Re as senior underwriter for Australian fac cas
Sydney-based Austin joins from Berkshire Hathaway Specialty Insurance, where she had been a senior commercial underwriter since September 2024.
-
Chubb’s Darren Cook joins Delta Insurance Australia as a financial lines underwriting manager
He was most recently domain lead for digital partnerships having joined Chubb in November 2012 as an underwriting analyst.
-
Sompo names Joe Wee as APAC construction underwriting head
Singapore-based Wee has over 26 years of experience as an engineering and construction specialist.
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Lockton appoints Arthur Wong as Pacific head of analytics
He joins Lockton following more than a decade at Marsh.
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Aon promotes APAC chief commercial officer Jane Drummond to global role
Drummond will take charge as global chief commercial officer from January 1.
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Munich Re Specialty hires Johnny Ng as property D&F underwriter
Singapore-based Ng joins the Lloyd's carrier from Aon.
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Lockton appoints Alex Bursak as regional credit director for Asia
He joins from WTW, having previously also spent over eight years with Allianz Trade in Asia Pacific, including two years as Indonesia country manager in Jakarta.
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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.
‘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.
Infrastructure: "Data centres risk is following the same trajectory unless the gap between functional need and code is closed early. Given this gap, it is crucial that site and technology-specific safety analyses need to be undertaken."
Wayne Bretherton, Halliwell