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Chinese insurers face US$1bn hit after back-to-back storms
Insurance industry has already paid out US$427m after typhoons Maysak and Bavi struck 20 provinces.
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Cyber insurance market nears ‘important crossroads’ as softening moderates: S&P
Market is experiencing elevated claims activity which is severely straining the margins of underwriters at current rates, according to a report from the American financial intelligence and analytics company.
Cyber insurance market nears ‘important crossroads’ as softening moderates: S&P
Market is experiencing elevated claims activity which is severely straining the margins of underwriters at current rates, according to a report from the American financial intelligence and analytics company.
Market is experiencing elevated claims activity which is severely straining the margins of underwriters at current rates, according to a report from the American financial intelligence and analytics company.
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PartnerRe appoints Ankur Gupta as India CEO
Mumbai-based Gupta joins from Munich Re, having last held the position of head of client management for India since July 2019.
PartnerRe appoints Ankur Gupta as India CEO
Mumbai-based Gupta joins from Munich Re, having last held the position of head of client management for India since July 2019.
Mumbai-based Gupta joins from Munich Re, having last held the position of head of client management for India since July 2019.
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Allianz Commercial elevates Jenny Wilhelm to Singapore MD, Will Slade to regional distribution head
In the newly created regional role, Wilhelm will be responsible for the insurer's strategic growth and performance across Singapore, Asean and Sri Lanka.
Allianz Commercial elevates Jenny Wilhelm to Singapore MD, Will Slade to regional distribution head
In the newly created regional role, Wilhelm will be responsible for the insurer's strategic growth and performance across Singapore, Asean and Sri Lanka.
In the newly created regional role, Wilhelm will be responsible for the insurer's strategic growth and performance across Singapore, Asean and Sri Lanka.
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Hollard Insurance promotes Tony Martiniello to head of distribution
Sydney-based Martiniello will be responsible for driving existing portfolio growth and building new partnerships across Australia and New Zealand.
Hollard Insurance promotes Tony Martiniello to head of distribution
Sydney-based Martiniello will be responsible for driving existing portfolio growth and building new partnerships across Australia and New Zealand.
Sydney-based Martiniello will be responsible for driving existing portfolio growth and building new partnerships across Australia and New Zealand.
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PICC Hong Kong handed double rating upgrade, positive outlook from AM Best
AM Best upgrades The People’s Insurance Company of China's Hong Kong arm rating to A (excellent) with a stable outlook, citing sustained business scale growth, strongest‑level capitalisation and continued support from PICC Group.
PICC Hong Kong handed double rating upgrade, positive outlook from AM Best
AM Best upgrades The People’s Insurance Company of China's Hong Kong arm rating to A (excellent) with a stable outlook, citing sustained business scale growth, strongest‑level capitalisation and continued support from PICC Group.
AM Best upgrades The People’s Insurance Company of China's Hong Kong arm rating to A (excellent) with a stable outlook, citing sustained business scale growth, strongest‑level capitalisation and continued support from PICC Group.
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Markel strengthens greater China marine capabilities with Shanghai risk engineer hire
Shanghai-based Vincent Wang brings more than 16 years of experience across marine operations, surveying and engineering consultancy.
Markel strengthens greater China marine capabilities with Shanghai risk engineer hire
Shanghai-based Vincent Wang brings more than 16 years of experience across marine operations, surveying and engineering consultancy.
Shanghai-based Vincent Wang brings more than 16 years of experience across marine operations, surveying and engineering consultancy.
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AIG elevates Anouk Sireude to Pacific head of marine
She has been with AIG in Australia for two years.
AIG elevates Anouk Sireude to Pacific head of marine
She has been with AIG in Australia for two years.
She has been with AIG in Australia for two years.
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Starr appoints Sparks Lai as head of business development for marine in North Asia
Hong Kong-based Lai joins from Generali Global Corporate & Commercial.
Starr appoints Sparks Lai as head of business development for marine in North Asia
Hong Kong-based Lai joins from Generali Global Corporate & Commercial.
Hong Kong-based Lai joins from Generali Global Corporate & Commercial.
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Zurich denies report of full takeover of Indian general insurance JV
Zurich spokesperson tells InsuranceAsia News that 'we are committed to our successful partnership with Kotak Mahindra Bank'.
Zurich denies report of full takeover of Indian general insurance JV
Zurich spokesperson tells InsuranceAsia News that 'we are committed to our successful partnership with Kotak Mahindra Bank'.
Zurich spokesperson tells InsuranceAsia News that 'we are committed to our successful partnership with Kotak Mahindra Bank'.
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Asia H1 nat cat insured losses below US$2bn, lowest since 2017: Gallagher Re
Despite a period of benign loss activity, the compounding effects of a strong El Nino, combined with atmospheric and oceanic warming, will further influence how risk develops across different regions of the world.
Asia H1 nat cat insured losses below US$2bn, lowest since 2017: Gallagher Re
Despite a period of benign loss activity, the compounding effects of a strong El Nino, combined with atmospheric and oceanic warming, will further influence how risk develops across different regions of the world.
Despite a period of benign loss activity, the compounding effects of a strong El Nino, combined with atmospheric and oceanic warming, will further influence how risk develops across different regions of the world.
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Aon appoints WTW’s Sean Deehan as APAC Strategy and Technology Group CEO
He will be based in Hong Kong and report to Sherif Zakhary, global CEO for the broker's consulting and advisory business.
Aon appoints WTW’s Sean Deehan as APAC Strategy and Technology Group CEO
He will be based in Hong Kong and report to Sherif Zakhary, global CEO for the broker's consulting and advisory business.
He will be based in Hong Kong and report to Sherif Zakhary, global CEO for the broker's consulting and advisory business.
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AUB Group names Eric Harris as national manager for broker partnerships
He joins following 27 years as Aon, last holding the position of head of operations for Asia Pacific.
AUB Group names Eric Harris as national manager for broker partnerships
He joins following 27 years as Aon, last holding the position of head of operations for Asia Pacific.
He joins following 27 years as Aon, last holding the position of head of operations for Asia Pacific.
Popular posts:
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Australia’s M&A rules becomes DNA of dealmaking as cross-border execution risk rises
Mandatory merger control regime, which came into force in January, has not led to a slowdown in M&A volumes, but transaction liability specialists and advisers say regulatory approval is now being considered much earlier in the process.
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Carriers navigating emerging drone, eVTOL risks with measured caution as China’s low-altitude economy takes off
APAC is set to become the fastest-growing region for drones and eVTOL, but insurers remain cautious amid regulatory fragmentation and limited loss data, Markel's Jenny Choi tells InsuranceAsia News.
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‘Game changer’ PCC regime sharpens Singapore’s regional risk hub appeal
Monetary Authority of Singapore’s proposed protected cell company (PCC) framework could streamline access to advanced risk management solutions, cutting the cost and governance burdens of traditional structures, market participants say.
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Gift City’s new MGA regime a ‘build-or-broker’ moment for Indian insurance
Regulatory framework for India’s special economic zone can foster growth and innovation within India's specialty insurance market, brokers tell 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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BP Marsh homes in on ‘tremendous opportunities’ in APAC insurance distribution niche
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AI rollout, war impacts to drive specialty innovation in greater China: Markel’s Chelsea Jiang
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Hong Kong’s first virtual insurer eyes Malaysia-led Southeast Asia push after hitting ‘critical’ US$100m revenue milestone
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‘Forerunners in the unforeseeable’: Knightcorp challenges the status quo in Australia’s consolidated insurance market
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‘We’re in for the long haul’: Valueattics Re targets steady growth with domestic gains, regional moves
M&A
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Australia’s M&A rules becomes DNA of dealmaking as cross-border execution risk rises
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Marsh confirms full ownership of Thailand subsidiary, rebrands as Marsh Risk Thailand
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KKR joins Amwins–Dragoneer consortium in US$5.4bn Steadfast bid
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OK Financial named preferred bidder for Yebyeol Non-Life
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IAG makes remedy offer to ACCC to secure US$970m RAC deal approval
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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Unlike acute illnesses, dementia creates a long tail of financial need and its impact extends well beyond patients.
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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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PartnerRe appoints Ankur Gupta as India CEO
Mumbai-based Gupta joins from Munich Re, having last held the position of head of client management for India since July 2019.
-
Allianz Commercial elevates Jenny Wilhelm to Singapore MD, Will Slade to regional distribution head
In the newly created regional role, Wilhelm will be responsible for the insurer's strategic growth and performance across Singapore, Asean and Sri Lanka.
-
Hollard Insurance promotes Tony Martiniello to head of distribution
Sydney-based Martiniello will be responsible for driving existing portfolio growth and building new partnerships across Australia and New Zealand.
-
Markel strengthens greater China marine capabilities with Shanghai risk engineer hire
Shanghai-based Vincent Wang brings more than 16 years of experience across marine operations, surveying and engineering consultancy.
-
AIG elevates Anouk Sireude to Pacific head of marine
She has been with AIG in Australia for two years.
-
Starr appoints Sparks Lai as head of business development for marine in North Asia
Hong Kong-based Lai joins from Generali Global Corporate & Commercial.
-
Aon appoints WTW’s Sean Deehan as APAC Strategy and Technology Group CEO
He will be based in Hong Kong and report to Sherif Zakhary, global CEO for the broker's consulting and advisory business.
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AUB Group names Eric Harris as national manager for broker partnerships
He joins following 27 years as Aon, last holding the position of head of operations for Asia Pacific.
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Aon bolsters Asia transaction solutions team with Yen Lin Ee’s return as regional director
She will relocate from Singapore to Tokyo and will have a 'key focus on the Japanese market'.
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Swiss Re CorSo promotes Jacqueline McCarthy to expert casualty underwriter for ANZ
She has been with the commercial insurance arm of Swiss Re in Australia since 2024.
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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.
Marine market held its nerve through ‘strange and acute’ Middle East crisis: Markel’s Chelsea Jiang
Chelsea Jiang, managing director greater China at Markel International, discusses the Lloyd’s carrier’s ambitions in the region and how the marine insurance market responded to the crisis in the Strait of Hormuz.
‘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.
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