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Asia factory cyberattacks leaving billion-dollar assets underinsured, TMK says
Surge in cyberattacks targeting industrial control systems has exposed a critical insurance gap, leaving manufacturing firms vulnerable to uninsured physical damage and production stoppages despite holding large property policies, according to Tokio Marine Kiln.
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Aon’s Reinsurance Solutions names Chin Fong Teh as APAC chief of staff
Singapore-based Teh, who has two decades of experience in reinsurance operations, transformation and regional leadership, reports to Asia Pacific CEO Rupert Moore.
Aon’s Reinsurance Solutions names Chin Fong Teh as APAC chief of staff
Singapore-based Teh, who has two decades of experience in reinsurance operations, transformation and regional leadership, reports to Asia Pacific CEO Rupert Moore.
Singapore-based Teh, who has two decades of experience in reinsurance operations, transformation and regional leadership, reports to Asia Pacific CEO Rupert Moore.
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MS Amlin commits US$50m to Natural Disaster Fund to aid Global South
Lloyd’s global specialist (re)insurer joins the Global Parametrics-managed fund as a commercial capacity partner.
MS Amlin commits US$50m to Natural Disaster Fund to aid Global South
Lloyd’s global specialist (re)insurer joins the Global Parametrics-managed fund as a commercial capacity partner.
Lloyd’s global specialist (re)insurer joins the Global Parametrics-managed fund as a commercial capacity partner.
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‘Big shoes to fill’ as Michael Abdallah departs Liberty after 27 years, Marcus Thomas named CUO
Chairman of Australia and chief underwriting officer for Asia Pacific will retire on September 30, with Hong Kong-based Thomas taking over as CUO in the region on July 1.
‘Big shoes to fill’ as Michael Abdallah departs Liberty after 27 years, Marcus Thomas named CUO
Chairman of Australia and chief underwriting officer for Asia Pacific will retire on September 30, with Hong Kong-based Thomas taking over as CUO in the region on July 1.
Chairman of Australia and chief underwriting officer for Asia Pacific will retire on September 30, with Hong Kong-based Thomas taking over as CUO in the region on July 1.
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Australia’s cyclone pool has moderated premiums in high-risk areas: ACCC
Pool is delivering targeted premium relief for households and small businesses most exposed to cyclone risk, although broader cost pressures continue to push prices higher nationwide.al
Australia’s cyclone pool has moderated premiums in high-risk areas: ACCC
Pool is delivering targeted premium relief for households and small businesses most exposed to cyclone risk, although broader cost pressures continue to push prices higher nationwide.al
Pool is delivering targeted premium relief for households and small businesses most exposed to cyclone risk, although broader cost pressures continue to push prices higher nationwide.al
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GIC Re targets 40% foreign business share, pivot away from overseas property cat risks: report
India’s state-owned reinsurer plans to grow in north Asia and parts of Europe, while rebalancing towards casualty and specialty lines, chairman Hitesh Joshi says.
GIC Re targets 40% foreign business share, pivot away from overseas property cat risks: report
India’s state-owned reinsurer plans to grow in north Asia and parts of Europe, while rebalancing towards casualty and specialty lines, chairman Hitesh Joshi says.
India’s state-owned reinsurer plans to grow in north Asia and parts of Europe, while rebalancing towards casualty and specialty lines, chairman Hitesh Joshi says.
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Japanese non-life insurers seen sustaining strong underwriting profits: Fitch
remain robust underwriting profits as quiet catastrophe losses, higher domestic rates and strong overseas specialty lines support earnings.
Japanese non-life insurers seen sustaining strong underwriting profits: Fitch
remain robust underwriting profits as quiet catastrophe losses, higher domestic rates and strong overseas specialty lines support earnings.
remain robust underwriting profits as quiet catastrophe losses, higher domestic rates and strong overseas specialty lines support earnings.
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PSC Insurance Brokers acquires transport specialist MA Insurance Brokers
Ardonagh Group-owned Australian broking group says the deal strengthens its capabilities in the transport and logistics sector.
PSC Insurance Brokers acquires transport specialist MA Insurance Brokers
Ardonagh Group-owned Australian broking group says the deal strengthens its capabilities in the transport and logistics sector.
Ardonagh Group-owned Australian broking group says the deal strengthens its capabilities in the transport and logistics sector.
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HDI Global hires Amiel Poonan as property underwriter
He joins in Brisbane following broking stints at Barrack Broking and PSC Insurance Group.
HDI Global hires Amiel Poonan as property underwriter
He joins in Brisbane following broking stints at Barrack Broking and PSC Insurance Group.
He joins in Brisbane following broking stints at Barrack Broking and PSC Insurance Group.
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Markel taps Henry Ang as Singapore head of terrorism
Singapore-based Ang joins from Everest, where he led political violence and terrorism for Asia alongside a property underwriting role.
Markel taps Henry Ang as Singapore head of terrorism
Singapore-based Ang joins from Everest, where he led political violence and terrorism for Asia alongside a property underwriting role.
Singapore-based Ang joins from Everest, where he led political violence and terrorism for Asia alongside a property underwriting role.
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Howden Re deepens China bench with trio of managing directors
Reinsurance broker appoints Houqin Zhu as head of China treaty, Mike Xin as Asia Pacific agriculture head and David Song as head of greater China retrocession.
Howden Re deepens China bench with trio of managing directors
Reinsurance broker appoints Houqin Zhu as head of China treaty, Mike Xin as Asia Pacific agriculture head and David Song as head of greater China retrocession.
Reinsurance broker appoints Houqin Zhu as head of China treaty, Mike Xin as Asia Pacific agriculture head and David Song as head of greater China retrocession.
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Opinion: Late to the party Singapore started, Hong Kong has arrived in the MGA space
Hong Kong's Insurance Authority has adopted a favourable approach to MGA proposals, with estimates that the city has 20 MGAs.
Opinion: Late to the party Singapore started, Hong Kong has arrived in the MGA space
Hong Kong's Insurance Authority has adopted a favourable approach to MGA proposals, with estimates that the city has 20 MGAs.
Hong Kong's Insurance Authority has adopted a favourable approach to MGA proposals, with estimates that the city has 20 MGAs.
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GSIS sets aside US$1.1m in reserves for Mindanao earthquake claims: report
Figure covers initial reports involving 4,403 insurance policies with a combined insured value of US$383.2m.
GSIS sets aside US$1.1m in reserves for Mindanao earthquake claims: report
Figure covers initial reports involving 4,403 insurance policies with a combined insured value of US$383.2m.
Figure covers initial reports involving 4,403 insurance policies with a combined insured value of US$383.2m.
Popular posts:
- Late to the party Singapore started, Hong Kong has arrived in the MGA space
- Swiss Re CorSo eyes data centres, ART, Japan as key pillars for Asian specialty push
- Asia aviation insurers continue to push for rate hikes as historic claims, Russia exposure linger
- HDI Global leverages Asian HQ boom to open doors for international programs amid rising uncertainty
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Asia aviation insurers continue to push for rate hikes as historic claims, Russia exposure linger
Aviation insurers seek rate hikes amid stable quota share capacity, as quota share income faces pressure from internal retentions and competition.
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Strong demand drives ‘phenomenal’ growth of India’s new kid on the block
Nascent surety market is seen as a huge opportunity for the (re)insurance industry, with conservative estimates indicating a potential expansion to nearly US$1bn by 2030.
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Asia’s protection gap remains stubbornly persistent as new exposures remain uninsured
Swiss Re Institute identifies economic growth as the main driver of rising exposure, with the protection gap broadly tracking nominal GDP growth.
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Philippines quake claims expected to escalate, testing local claims management, loss adjusters say
Region is still assessing widespread destruction after the 7.8 quake struck south of General Santos City last week, with loss adjusters warning that early loss estimates will climb as structural defects, foundation movement, hidden damage, and BI exposures emerge.
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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HDI Global leverages Asian HQ boom to open doors for international programs amid rising uncertainty
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Swiss Re CorSo eyes data centres, ART, Japan as key pillars for Asian specialty push
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BirdsEyeView spies Australia as ‘competitive edge’ opportunity with new wildfire model after seven-figure funding
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Markel accelerates Asia push in bid to rebalance global book, but ‘not before we are ready’
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Cargo parametric insurer charts route to US$68bn protection gap with ‘new shiny object’
M&A
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PSC Insurance Brokers acquires transport specialist MA Insurance Brokers
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ACCC approves Zurich-Beazley deal, finds ‘unlikely’ threat to competition
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Steadfast draws US$5.4bn takeover bid from Amwins, Dragoneer
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Steadfast receives takeover offer
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Allianz Partners to acquire nib’s Australia, New Zealand travel portfolio
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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Sedgwick Asia says it is ready to meet the evolving challenges of Asia’s dynamic insurance markets.
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Aon’s Reinsurance Solutions names Chin Fong Teh as APAC chief of staff
Singapore-based Teh, who has two decades of experience in reinsurance operations, transformation and regional leadership, reports to Asia Pacific CEO Rupert Moore.
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‘Big shoes to fill’ as Michael Abdallah departs Liberty after 27 years, Marcus Thomas named CUO
Chairman of Australia and chief underwriting officer for Asia Pacific will retire on September 30, with Hong Kong-based Thomas taking over as CUO in the region on July 1.
-
HDI Global hires Amiel Poonan as property underwriter
He joins in Brisbane following broking stints at Barrack Broking and PSC Insurance Group.
-
Markel taps Henry Ang as Singapore head of terrorism
Singapore-based Ang joins from Everest, where he led political violence and terrorism for Asia alongside a property underwriting role.
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Howden Re deepens China bench with trio of managing directors
Reinsurance broker appoints Houqin Zhu as head of China treaty, Mike Xin as Asia Pacific agriculture head and David Song as head of greater China retrocession.
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Howden names Supaporn Chanin as power, energy director in Thailand
She brings nearly three decades of experience in insurance and risk management.
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Piers Maunder retires from Australia reinsurance industry after 50-year career
He has been a senior adviser to Gallagher Re since 2023.
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Willis appoints Daniel Choi to lead finex in Malaysia
He has over 25 years of experience in the insurance industry, including with Jardine Lloyd Thompson, Allianz General Insurance, MSIG Insurance, and BIB Insurance Brokers.
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Tower promotes Dan Walker to chief claims officer
He replaces Steve Wilson, who stepped down and returned to Australia.
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Gallagher Re confirms Minesh Jani’s appointment as India CEO
InsuranceAsia News had reported on his move from Howden Re in February.
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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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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.
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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.
‘We have to be robust, stable through this cycle’: Swiss Re CorSo’s Robert Hunziker
Robert Hunziker, Asia head at Swiss Re CorSo, sits down with InsuranceAsia News to discuss the progress the commercial insurer has made in the region since its reorganisation last year and its strategic priorities.
We don’t need to put a flag in every country and town: Lockton Asia’s Tony Hardy
Tony Hardy, CEO of Lockton Asia, discusses the US broker’s efforts to double its revenue in the region by 2030, and its recent deal to take majority ownership of its Malaysian joint venture.
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