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Diversification doesn’t eliminate risk – it relocates it, Beazley warns
Chief underwriting officer Paul Bantick tells InsuranceAsia News that businesses cutting dependence on a single supplier, route or market often create fresh exposures elsewhere – and insurers must help brokers and clients spot the gaps before they bite.
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Marsh hires Pari Raman as casualty claims advocacy leader for Asia
Singapore-based Raman was previously head of claims at Oneglobal for over five years.
Marsh hires Pari Raman as casualty claims advocacy leader for Asia
Singapore-based Raman was previously head of claims at Oneglobal for over five years.
Singapore-based Raman was previously head of claims at Oneglobal for over five years.
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Swiss Re names Pierre-Albert Bouard as head of Southeast Asia L&H reinsurance
He replaces Liem Phan for the new role in Singapore from February.
Swiss Re names Pierre-Albert Bouard as head of Southeast Asia L&H reinsurance
He replaces Liem Phan for the new role in Singapore from February.
He replaces Liem Phan for the new role in Singapore from February.
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PCRIC expands pacific catastrophe cover to US$68m for 2026-27 season
Pacific Catastrophe Risk Insurance Company (PCRIC) issued 29 policies in its recent renewals, up from 22 policies with a total limit of US$52m for the previous season.
PCRIC expands pacific catastrophe cover to US$68m for 2026-27 season
Pacific Catastrophe Risk Insurance Company (PCRIC) issued 29 policies in its recent renewals, up from 22 policies with a total limit of US$52m for the previous season.
Pacific Catastrophe Risk Insurance Company (PCRIC) issued 29 policies in its recent renewals, up from 22 policies with a total limit of US$52m for the previous season.
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IRDAI sets up working groups to develop RBC transition framework
Working groups' aim to 'achieve a coherent convergence' of the current IndAS framework and RBC.
IRDAI sets up working groups to develop RBC transition framework
Working groups' aim to 'achieve a coherent convergence' of the current IndAS framework and RBC.
Working groups' aim to 'achieve a coherent convergence' of the current IndAS framework and RBC.
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Australia’s Nautilus Marine Insurance expands commercial insurance solutions to New Zealand
Coverage brings business insurance solutions to marinas, yacht clubs, boat dealerships most marine trades.
Australia’s Nautilus Marine Insurance expands commercial insurance solutions to New Zealand
Coverage brings business insurance solutions to marinas, yacht clubs, boat dealerships most marine trades.
Coverage brings business insurance solutions to marinas, yacht clubs, boat dealerships most marine trades.
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Miramar Group taps Donna Brierley as head of casualty
She joins from AIG, where she was a casualty underwriting manager within the major accounts division from April 2025.
Miramar Group taps Donna Brierley as head of casualty
She joins from AIG, where she was a casualty underwriting manager within the major accounts division from April 2025.
She joins from AIG, where she was a casualty underwriting manager within the major accounts division from April 2025.
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TFP Asia Pacific secures MAS approval for Lloyd’s service company
Singapore regulator has approved TFP APAC (Syndicate 2126) and TFP APAC (Syndicate 3123) under the Lloyd's Asia Scheme.
TFP Asia Pacific secures MAS approval for Lloyd’s service company
Singapore regulator has approved TFP APAC (Syndicate 2126) and TFP APAC (Syndicate 3123) under the Lloyd's Asia Scheme.
Singapore regulator has approved TFP APAC (Syndicate 2126) and TFP APAC (Syndicate 3123) under the Lloyd's Asia Scheme.
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Hyundai Marine & Fire makes US$374,000 payout to SK Telecom following data breach: report
Payment was made under a personal information liability insurance policy issued by the South Korean insurer.
Hyundai Marine & Fire makes US$374,000 payout to SK Telecom following data breach: report
Payment was made under a personal information liability insurance policy issued by the South Korean insurer.
Payment was made under a personal information liability insurance policy issued by the South Korean insurer.
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IAG’s RAC Insurance acquisition ‘unlikely’ to deliver net public benefit: ACCC
IAG says it 'disagrees with the preliminary view expressed' by the Australian Competition and Consumer Commission (ACCC) that the public benefits are likely to be outweighed by the detriment to the public.
IAG’s RAC Insurance acquisition ‘unlikely’ to deliver net public benefit: ACCC
IAG says it 'disagrees with the preliminary view expressed' by the Australian Competition and Consumer Commission (ACCC) that the public benefits are likely to be outweighed by the detriment to the public.
IAG says it 'disagrees with the preliminary view expressed' by the Australian Competition and Consumer Commission (ACCC) that the public benefits are likely to be outweighed by the detriment to the public.
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Samsung Fire & Marine to take full control of Canopius in US$2.5bn deal with KKR, KIC
South Korean carrier will increase its stake in the Lloyd's carrier to 80.56%, while KKR and KIC will hold 12.1% and 7.3%, respectively.
Samsung Fire & Marine to take full control of Canopius in US$2.5bn deal with KKR, KIC
South Korean carrier will increase its stake in the Lloyd's carrier to 80.56%, while KKR and KIC will hold 12.1% and 7.3%, respectively.
South Korean carrier will increase its stake in the Lloyd's carrier to 80.56%, while KKR and KIC will hold 12.1% and 7.3%, respectively.
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Marsh Re names Zaidi Omar as senior vice president in Malaysia
Kuala Lumpur-based Omar returns after a nearly three-year hiatus, having previously spent nearly two decades with Tokio Marine Asia.
Marsh Re names Zaidi Omar as senior vice president in Malaysia
Kuala Lumpur-based Omar returns after a nearly three-year hiatus, having previously spent nearly two decades with Tokio Marine Asia.
Kuala Lumpur-based Omar returns after a nearly three-year hiatus, having previously spent nearly two decades with Tokio Marine Asia.
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Marsh promotes Asia’s head of marine, cargo, and logistics Michael Walls to global role
He succeeds Marcus Baker, who has been elevated to the newly created role of chairman for marine, cargo, and logistics.
Marsh promotes Asia’s head of marine, cargo, and logistics Michael Walls to global role
He succeeds Marcus Baker, who has been elevated to the newly created role of chairman for marine, cargo, and logistics.
He succeeds Marcus Baker, who has been elevated to the newly created role of chairman for marine, cargo, and logistics.
Popular posts:
- Aon, Blackstone launch Lloyd’s syndicate Cortina 1956 with QBE as managing agent
- Howden to follow US playbook in South Korea, take specialist route in China as Asia Pacific hits double-digit growth
- Samsung Fire & Marine to take full control of Canopius in US$2.5bn deal with KKR, KIC
- Man Yin Lai becomes Chubb Malaysia’s CFO
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Insurers brace for cyber ‘contagion’ as AI collapses attack window
Experts warn AI has cut the gap between vulnerability and exploit to as little as 20 seconds — and insurers lack the claims capacity for a systemic event.
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‘Not riskier, just different’: Lloyd’s Rachel Turk warns insurers to adapt or lose relevance
Chief of performance and strategy says the industry cannot keep relying on familiar lines — warning that a tech company with a 20-year-old innovation 'would be laughed off the stage' — and must find ways to say yes to new risks.
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SIRC 2026: 4,400 delegates, 5 themes — rates, structures, partnerships, interconnectedness, facultative
The InsuranceAsia News team brings you the big takeaways from this week's event at the Marina Bay Sands — and what they mean for the upcoming renewals.
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SIRC 2026: ‘A softer market doesn’t mean a less risky world’: Lloyd’s APMEA CEO
Structural risk is rising, says Emma Loynes, who expects pressure in some areas into 2027 and sees data centre and AI infrastructure dependencies as the next underwriting challenge.
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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Howden to follow US playbook in South Korea, take specialist route in China as Asia Pacific hits double-digit growth
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SIRC 2026: Markel sees Southeast Asia as critical to international ambitions
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SIRC 2026: Unencumbered by legacy, Willis Re starts afresh in Asia
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Scor Business Solutions sets sights on profitable APAC build-out with specialty push
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Sompo APAC’s consumer business targets sustainable expansion as regulators push market discipline
M&A
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IAG’s RAC Insurance acquisition ‘unlikely’ to deliver net public benefit: ACCC
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Samsung Fire & Marine to take full control of Canopius in US$2.5bn deal with KKR, KIC
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Willis Re completes acquisition of BMS Re’s US subsidiaries
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Halliwell acquires New Zealand’s Maynard Marks to expand Asia Pacific presence
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Malaysian central bank extends RHB-Tokio Marine insurance merger deadline to February
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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Full Capacity: India’s commission caps could prove costly for brokers
This week's newsletter also discusses a new Lockton's Japan plans, Singapore data centre facility, Hong Kong's AIR framework review, and TFP APAC launch
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SIRC 2026: 4,400 delegates, 5 themes — rates, structures, partnerships, interconnectedness, facultative
The InsuranceAsia News team brings you the big takeaways from this week's event at the Marina Bay Sands — and what they mean for the upcoming renewals.
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SIRC 2026: ‘A softer market doesn’t mean a less risky world’: Lloyd’s APMEA CEO
Structural risk is rising, says Emma Loynes, who expects pressure in some areas into 2027 and sees data centre and AI infrastructure dependencies as the next underwriting challenge.
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SIRC 2026: VIG Re will ‘trade through cycles’, stand by good clients in Asia expansion
Prague-based reinsurer’s APAC managing director Marc Haushofer says, ‘Asia is a good place to grow with caution’.
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SIRC 2026: ‘I don’t think that the market will turn anytime soon’: capital surplus continues to drive rate cuts ahead of 1.1 renewals: William Pang
Asia Reinsurance Brokers Group CEO believes the pace of reduction is decelerating and 'not as severe as in the past major renewals.'
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SIRC 2026: Capacity is plentiful, but softening is selective: Mandarin Re
Chief operating officer Mikhail Grishin warns clients not to underestimate the impact of climate change.
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SIRC 2026: Munich Re sees renewals move beyond price as risk complexity grows
Data centres are 'at the heart' of renewal talks as discussions shift from price to solutions, regional CEO Hitesh Kotak says.
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SIRC 2026: ‘How do we fill the gap?’ Markel’s Bo Yu on AI, young talent and independent judgement
Markel's Asia claims head warns that AI's convenience risks eroding independent judgement among younger staff, and explains how his teams are training to keep it.
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SIRC 2026: India, AI boom transform APAC’s credit and surety market: Peak Re
An abundance of capacity and historically low loss ratios are driving the softening of APAC’s credit and surety market, according to Kathleen Koh, managing director of credit and surety in Hong Kong.
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SIRC 2026: Axa XL targets fine art, niche lines to drive Asian specialty growth
More sophisticated cargo theft and softening rates are among the biggest pressures for regional marine markets, Todd Wilhelm, Asia head of specialty, says.
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BlackRock's Daniel Caderas and MSCI's Raman Aylur Subramanian explain why tactical asset allocation (TAA) and exchange-traded funds (ETF) have become essential as global markets fragment and static allocations lose their reliability.
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Maritime shipping faces growing geopolitical threats — missiles, drones, GPS interference, and cyber sabotage — requiring better intelligence, crew welfare, and resilience measures.
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Planning for future conditions from the outset can improve operational reliability, reduce potential disruption and protect long-term asset value.
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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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Marsh hires Pari Raman as casualty claims advocacy leader for Asia
Singapore-based Raman was previously head of claims at Oneglobal for over five years.
-
Swiss Re names Pierre-Albert Bouard as head of Southeast Asia L&H reinsurance
He replaces Liem Phan for the new role in Singapore from February.
-
Miramar Group taps Donna Brierley as head of casualty
She joins from AIG, where she was a casualty underwriting manager within the major accounts division from April 2025.
-
TFP Asia Pacific secures MAS approval for Lloyd’s service company
Singapore regulator has approved TFP APAC (Syndicate 2126) and TFP APAC (Syndicate 3123) under the Lloyd's Asia Scheme.
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Marsh Re names Zaidi Omar as senior vice president in Malaysia
Kuala Lumpur-based Omar returns after a nearly three-year hiatus, having previously spent nearly two decades with Tokio Marine Asia.
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Marsh promotes Asia’s head of marine, cargo, and logistics Michael Walls to global role
He succeeds Marcus Baker, who has been elevated to the newly created role of chairman for marine, cargo, and logistics.
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MSI Oceania hires Suncorp’s Kerryn Christie for new broker partnership role
She has been appointed as head of broker partnerships for Australia and New Zealand.
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QBE elevates Nigel Hawtin to chief transformation and operations officer
Sydney-based Hawtin is currently general manager for property and liability claims at QBE Australia Pacific.
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Howden appoints Sarah Pendred as partner for M&A insurance in Australia
Jesse Krause also joins from WTW as a senior associate within the M&A division.
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AIG New Zealand hires Darrin Madgwick as head of client, broker engagement
Auckland-based Madgwick brings more than 30 years of insurance experience across Australia and New Zealand, spanning broking, underwriting, claims, business ownership and executive leadership.
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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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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.
Reinsurers well positioned to expand earnings protection covers: Marsh Re’s Tony Gallagher
Cedents should look to rebalance their overall reinsurance protection and focus on retentions and limits purchased, Tony Gallagher, Asia Pacific CEO of Marsh Re, says.
No change, but headwinds remain ahead of 1.1 renewals: Howden Re’s Andy Souter
Andy Souter, head of APAC at Howden Re, speaks to InsuranceAsia News about the broker’s expectations for the coming 1.1 renewals, and Howden Re’s growth ambitions in the region.
Fire losses: "Having given evidence that played a key role in the court's assessment, I believe the court’s reasoning holds a clear lesson for insurers and claims professionals across the region: early evidence capture is critical in complex fire losses."
Anand Ghnavello, Halliwell