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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.
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Chubb promotes Richard Bracken to regional head of strategic partnership development
In his new role, Singapore-based Bracken will actively drive growth across the insurer's Japanese business and key global digital accounts.
Chubb promotes Richard Bracken to regional head of strategic partnership development
In his new role, Singapore-based Bracken will actively drive growth across the insurer's Japanese business and key global digital accounts.
In his new role, Singapore-based Bracken will actively drive growth across the insurer's Japanese business and key global digital accounts.
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Middle East conflict to heighten earnings volatility for global reinsurers: S&P
The conflict disproportionately affects specialty lines, a segment that insures complex or high‑risk exposures, including war risk, aviation, energy, political violence, and other niche classes, the rating agency said.
Middle East conflict to heighten earnings volatility for global reinsurers: S&P
The conflict disproportionately affects specialty lines, a segment that insures complex or high‑risk exposures, including war risk, aviation, energy, political violence, and other niche classes, the rating agency said.
The conflict disproportionately affects specialty lines, a segment that insures complex or high‑risk exposures, including war risk, aviation, energy, political violence, and other niche classes, the rating agency said.
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Fusion Specialty launches Japanese subsidiary
The W&I specialist MGA in Japan will be led by Steven Harwood and Satoshi Omura.
Fusion Specialty launches Japanese subsidiary
The W&I specialist MGA in Japan will be led by Steven Harwood and Satoshi Omura.
The W&I specialist MGA in Japan will be led by Steven Harwood and Satoshi Omura.
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Marsh’s Franky Mok joins Howden to lead Hong Kong financial lines team
Mok, who has been appointed senior director, was most recently head of Marsh's finpro practice in Hong Kong.
Marsh’s Franky Mok joins Howden to lead Hong Kong financial lines team
Mok, who has been appointed senior director, was most recently head of Marsh's finpro practice in Hong Kong.
Mok, who has been appointed senior director, was most recently head of Marsh's finpro practice in Hong Kong.
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China National Nuclear powers up Hong Kong’s growing captive market
With HKIA's approval for CNNC Captive Insurance, he number of captives operating in the SAR has increased to seven.
China National Nuclear powers up Hong Kong’s growing captive market
With HKIA's approval for CNNC Captive Insurance, he number of captives operating in the SAR has increased to seven.
With HKIA's approval for CNNC Captive Insurance, he number of captives operating in the SAR has increased to seven.
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Beazley elevates Aizad Khair to M&A product leader for Asia
Singapore-based Khair has been working at the Lloyd's carrier for almost four years, most recently as underwriter for M&A.
Beazley elevates Aizad Khair to M&A product leader for Asia
Singapore-based Khair has been working at the Lloyd's carrier for almost four years, most recently as underwriter for M&A.
Singapore-based Khair has been working at the Lloyd's carrier for almost four years, most recently as underwriter for M&A.
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Seadrif and sister pools plan joint reinsurance platform
The four multinational catastrophe pool have agreed "concrete steps" to create a shared risk financing framework and a joint risk pool.
Seadrif and sister pools plan joint reinsurance platform
The four multinational catastrophe pool have agreed "concrete steps" to create a shared risk financing framework and a joint risk pool.
The four multinational catastrophe pool have agreed "concrete steps" to create a shared risk financing framework and a joint risk pool.
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Zurich, Beazley finalise terms on US$11bn deal to build specialty powerhouse
The combined US$15bn specialty business will be headquartered in London and Zurich Group will maintain the Beazley brand.
Zurich, Beazley finalise terms on US$11bn deal to build specialty powerhouse
The combined US$15bn specialty business will be headquartered in London and Zurich Group will maintain the Beazley brand.
The combined US$15bn specialty business will be headquartered in London and Zurich Group will maintain the Beazley brand.
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Ex-Liberty Thailand chief Waleerat Asavavongsatien joins Ergo as CUO
Her appointment at Ergo Insurance Thailand is effective from Monday.
Ex-Liberty Thailand chief Waleerat Asavavongsatien joins Ergo as CUO
Her appointment at Ergo Insurance Thailand is effective from Monday.
Her appointment at Ergo Insurance Thailand is effective from Monday.
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Lockton names Aon’s Alex Tilden as head of major corporate accounts practice
Sydney-based Tilden joins following over 20 years at Aon, last holding the position of strategic account director for APAC since September 2024.
Lockton names Aon’s Alex Tilden as head of major corporate accounts practice
Sydney-based Tilden joins following over 20 years at Aon, last holding the position of strategic account director for APAC since September 2024.
Sydney-based Tilden joins following over 20 years at Aon, last holding the position of strategic account director for APAC since September 2024.
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See Ju Chua named Sompo Singapore CFO
She has been with Sompo for more than a decade.
See Ju Chua named Sompo Singapore CFO
She has been with Sompo for more than a decade.
She has been with Sompo for more than a decade.
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Liberty confirms Cynthia Sze appointment to lead unified Hong Kong unit as duo depart
Eddie Young, vice president and chief executive of Liberty Specialty Markets, and Cynthia Leung, finance leader for Liberty Insurance, will leave at the end of July following completion of the unification.
Liberty confirms Cynthia Sze appointment to lead unified Hong Kong unit as duo depart
Eddie Young, vice president and chief executive of Liberty Specialty Markets, and Cynthia Leung, finance leader for Liberty Insurance, will leave at the end of July following completion of the unification.
Eddie Young, vice president and chief executive of Liberty Specialty Markets, and Cynthia Leung, finance leader for Liberty Insurance, will leave at the end of July following completion of the unification.
Popular posts:
- AIG’s Cynthia Sze to lead Liberty’s unified Hong Kong unit
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- War risk insurers cancel covers, raise prices for ships in Gulf and Strait of Hormuz: report
- QBE to take full control of Indian non-life JV Raheja QBE in US$35.5m deal
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Cat’s well and truly out of the bag: Asia’s ILS market set for ‘active’ 2026
Other jurisdictions may follow Hong Kong and Singapore in establishing their own ILS regimes after a record-breaking year for catastrophe bond issuance globally last year.
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P&I clubs drop anchor on rate increases amid strong retentions
Gard, West P&I, The Swedish Club, NorthStandard, and Skuld reflect on the 2026 protection and indemnity (P&I) renewals season.
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The ultimate safety net: high risk confusion creating piracy cover concerns, CFC’s Alexander Beaton says
Incidents reported on vessels rose from 117 in 2024 to 137 in the 12 months to December, with the Singapore Strait reporting the highest number at 80.
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Asia’s cyber insurance market set for rapid growth after wake-up call, CyberCube says
Recent attacks on the likes of Asahi and Coupang has highlighted the significant protection gap in the region, director of cyber risk consulting Jon Choi 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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‘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
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‘Hopeless’: observation-based models fall short as insurers comprehend modern flood risks
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Home, sweet home for Vietnam’s new reinsurer as AlphaRe eyes efficiency over top line
M&A
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Zurich, Beazley finalise terms on US$11bn deal to build specialty powerhouse
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QBE to take full control of Indian non-life JV Raheja QBE in US$35.5m deal
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Sompo completes US$3.5bn Aspen acquisition
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Marsh weighs sale of broker for high-net-worth individuals in Asia: report
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Sompo receives regulatory approvals for US$3.5bn Aspen acquisition
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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Vastly improving turnaround times and personalising service delivery, QBE Asia’s award-winning, end-to-end bundled claims solutions is a game-changer for the insurance industry.
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Chubb promotes Richard Bracken to regional head of strategic partnership development
In his new role, Singapore-based Bracken will actively drive growth across the insurer's Japanese business and key global digital accounts.
-
Marsh’s Franky Mok joins Howden to lead Hong Kong financial lines team
Mok, who has been appointed senior director, was most recently head of Marsh's finpro practice in Hong Kong.
-
Beazley elevates Aizad Khair to M&A product leader for Asia
Singapore-based Khair has been working at the Lloyd's carrier for almost four years, most recently as underwriter for M&A.
-
Ex-Liberty Thailand chief Waleerat Asavavongsatien joins Ergo as CUO
Her appointment at Ergo Insurance Thailand is effective from Monday.
-
Lockton names Aon’s Alex Tilden as head of major corporate accounts practice
Sydney-based Tilden joins following over 20 years at Aon, last holding the position of strategic account director for APAC since September 2024.
-
See Ju Chua named Sompo Singapore CFO
She has been with Sompo for more than a decade.
-
Liberty confirms Cynthia Sze appointment to lead unified Hong Kong unit as duo depart
Eddie Young, vice president and chief executive of Liberty Specialty Markets, and Cynthia Leung, finance leader for Liberty Insurance, will leave at the end of July following completion of the unification.
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Jennifer Tiang joins Howden as Asia practice lead for financial lines
She was most recently regional head of Willis' cyber practice in Asia.
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Marcus Portbury replaces retiring Marc Breuil as BHSI’s Asia, Middle East president
Portbury will also assume Breuil's role as CEO of Berkshire Hathaway Specialty Insurance's (BHSI) Hong Kong branch.
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Robert Kell returns to Swiss Re CorSo as ANZ customer, distribution manager
He previously spent three years as a data scientist and assistant vice president at Swiss Re CorSo from November 2021 until January last year.
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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.
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