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Origin Energy data breach payout could top US$100m, signals tightening Australian cyber insurance market
IAN understands the insurers are a panel of Lloyd’s syndicates and Australian insurers, while the program was placed by broker Aon.
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Steve Hutchinson ‘passes the reins’ with Bruce Tsoi named WTW’s Hong Kong head of P&C
Tsoi joins from Marsh Risk, where he spent over seven years in various risk management roles.
Steve Hutchinson ‘passes the reins’ with Bruce Tsoi named WTW’s Hong Kong head of P&C
Tsoi joins from Marsh Risk, where he spent over seven years in various risk management roles.
Tsoi joins from Marsh Risk, where he spent over seven years in various risk management roles.
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Maybank to take full control of insurer Etiqa from Ageas
Ageas agrees to sell its minority stake to its joint venture partner for US$1.2bn.
Maybank to take full control of insurer Etiqa from Ageas
Ageas agrees to sell its minority stake to its joint venture partner for US$1.2bn.
Ageas agrees to sell its minority stake to its joint venture partner for US$1.2bn.
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Gallagher Re taps Guy Carpenter veteran Luc Morement as APAC fac head
He was also previously head of Guy Carpenter’s facultative business in the region from 2008 until 2024.
Gallagher Re taps Guy Carpenter veteran Luc Morement as APAC fac head
He was also previously head of Guy Carpenter’s facultative business in the region from 2008 until 2024.
He was also previously head of Guy Carpenter’s facultative business in the region from 2008 until 2024.
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Tributes pour in for ‘one of the true giants’ after Australian insurance broking veteran killed in US car crash
Executive chairman Tim Wedlock spent 39 years with AEI Insurance Broking Group, and was also a former president and fellow of the National Insurance Brokers Association.
Tributes pour in for ‘one of the true giants’ after Australian insurance broking veteran killed in US car crash
Executive chairman Tim Wedlock spent 39 years with AEI Insurance Broking Group, and was also a former president and fellow of the National Insurance Brokers Association.
Executive chairman Tim Wedlock spent 39 years with AEI Insurance Broking Group, and was also a former president and fellow of the National Insurance Brokers Association.
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Gurudutt Joglekar replaces Jon Longmore as Chubb’s Malaysia head
Longmore 'will be taking on a new role within Chubb, with details to be announced shortly'.
Gurudutt Joglekar replaces Jon Longmore as Chubb’s Malaysia head
Longmore 'will be taking on a new role within Chubb, with details to be announced shortly'.
Longmore 'will be taking on a new role within Chubb, with details to be announced shortly'.
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Price Forbes’ Akihisa Hirata joins Howden as head of construction for Japan
He spent five months with Price Forbes as a director for their Japan practice, based in Singapore.
Price Forbes’ Akihisa Hirata joins Howden as head of construction for Japan
He spent five months with Price Forbes as a director for their Japan practice, based in Singapore.
He spent five months with Price Forbes as a director for their Japan practice, based in Singapore.
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Chantel Pountney joins Sompo as senior property underwriter after career break
She was formerly with US insurer Everest in Melbourne until March.
Chantel Pountney joins Sompo as senior property underwriter after career break
She was formerly with US insurer Everest in Melbourne until March.
She was formerly with US insurer Everest in Melbourne until March.
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ADB adds four insurers to credit insurance panel to support US$2.5bn in new lending
Sompo, Mitsui Sumitomo, HDI Global, Scor Business Solutions join the program for the first time under a five-year agreement.
ADB adds four insurers to credit insurance panel to support US$2.5bn in new lending
Sompo, Mitsui Sumitomo, HDI Global, Scor Business Solutions join the program for the first time under a five-year agreement.
Sompo, Mitsui Sumitomo, HDI Global, Scor Business Solutions join the program for the first time under a five-year agreement.
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Kumamoto earthquake losses could top US$2.2bn, Verisk estimates
Risk modeller's estimates include insured physical damage to residential, commercial, industrial and mutual property risks, including structures and contents.
Kumamoto earthquake losses could top US$2.2bn, Verisk estimates
Risk modeller's estimates include insured physical damage to residential, commercial, industrial and mutual property risks, including structures and contents.
Risk modeller's estimates include insured physical damage to residential, commercial, industrial and mutual property risks, including structures and contents.
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SRG promotes Joanna Goh to Asia head of strategy and growth
She joined from Marsh in January and will now oversee its growth initiatives in Asia.
SRG promotes Joanna Goh to Asia head of strategy and growth
She joined from Marsh in January and will now oversee its growth initiatives in Asia.
She joined from Marsh in January and will now oversee its growth initiatives in Asia.
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Steadfast bidders reconfirm intention to proceed, extend exclusivity period
Exclusivity for the consortium of Amwins, Dragoneer and KKR will continue for a two-week period until August 19.
Steadfast bidders reconfirm intention to proceed, extend exclusivity period
Exclusivity for the consortium of Amwins, Dragoneer and KKR will continue for a two-week period until August 19.
Exclusivity for the consortium of Amwins, Dragoneer and KKR will continue for a two-week period until August 19.
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Crypto specialist Relm plants APAC flag with Timothy Powell hire in Sydney
As Asia-Pacific head, Sydney-based Powell will spearhead the (re)insurer's expansion across Australia, Singapore and Hong Kong, with New Zealand, Southeast Asia and mainland China earmarked for future growth.
Crypto specialist Relm plants APAC flag with Timothy Powell hire in Sydney
As Asia-Pacific head, Sydney-based Powell will spearhead the (re)insurer's expansion across Australia, Singapore and Hong Kong, with New Zealand, Southeast Asia and mainland China earmarked for future growth.
As Asia-Pacific head, Sydney-based Powell will spearhead the (re)insurer's expansion across Australia, Singapore and Hong Kong, with New Zealand, Southeast Asia and mainland China earmarked for future growth.
Popular posts:
- 7.1-magnitude earthquake off southern Japan triggers tsunami alerts, damage to roads, bridges, buildings
- Gurudutt Joglekar replaces Jon Longmore as Chubb’s Malaysia head
- Holed below the water line, Lloyd’s moral authority sinks as John Neal escapes sanctions after weak probe
- Indian regulator finally approves Patanjali, DS Group acquisition of Magma General Insurance
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APAC’s nascent cannabis insurance market navigates a divided region as insurers face steep learning curve
Australia remains the main market in the region and is projected to exceed US$33bn by 2033, although Thailand has backtracked on recent liberalisation.
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Residential losses from Japan earthquake could top 2016 Kumamoto claims, but commercial damages contained
Loss adjusters say seismic upgrades since 2016 have limited structural and business interruption exposure for industry, but the region’s semiconductor concentration could still drive claims.
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P&I clubs face painful renewals as soaring Baltimore bridge liability costs leave some with difficult decisions to make
Cost of the MV Dali's collision with the Francis Scott Key Bridge in Baltimore in March 2024 is threatening the limits of the International Group (IG) of P&I Club’s reinsurance program and its Hydra captive.
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‘I haven’t seen risk this high for years’: shipping industry veteran Tim Huxley on unprecedented pressures facing shipowners
Escalating hostilities are driving up shipping costs, but cover remains available as insurers price risks pragmatically, Mandarin Shipping chairman tells InsuranceAsia News' Between the Lines podcast.
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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Supply outstripping demand, but El Nino, Middle East headwinds could shift market: Guy Carpenter’s Tony Gallagher
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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
M&A
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Maybank to take full control of insurer Etiqa from Ageas
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Steadfast bidders reconfirm intention to proceed, extend exclusivity period
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Tokio Marine invests in carbon credit specialist Kita
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Envest-owned Epsilon Underwriting acquires marine specialist RedSky Insurance
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Specialist (re)insurance broker Texel signs cooperation agreement with Japan’s Marubeni Safenet
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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Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models.
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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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Steve Hutchinson ‘passes the reins’ with Bruce Tsoi named WTW’s Hong Kong head of P&C
Tsoi joins from Marsh Risk, where he spent over seven years in various risk management roles.
-
Gallagher Re taps Guy Carpenter veteran Luc Morement as APAC fac head
He was also previously head of Guy Carpenter’s facultative business in the region from 2008 until 2024.
-
Gurudutt Joglekar replaces Jon Longmore as Chubb’s Malaysia head
Longmore 'will be taking on a new role within Chubb, with details to be announced shortly'.
-
Price Forbes’ Akihisa Hirata joins Howden as head of construction for Japan
He spent five months with Price Forbes as a director for their Japan practice, based in Singapore.
-
Chantel Pountney joins Sompo as senior property underwriter after career break
She was formerly with US insurer Everest in Melbourne until March.
-
SRG promotes Joanna Goh to Asia head of strategy and growth
She joined from Marsh in January and will now oversee its growth initiatives in Asia.
-
Crypto specialist Relm plants APAC flag with Timothy Powell hire in Sydney
As Asia-Pacific head, Sydney-based Powell will spearhead the (re)insurer's expansion across Australia, Singapore and Hong Kong, with New Zealand, Southeast Asia and mainland China earmarked for future growth.
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Steadfast confirms immediate departure of Australasia broking CEO Tim Mathieson
He has been with the Australian insurance broker for almost 10 years having been promoted to his current role in May 2025.
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Jane Mason finds sweet spot at Delta Insurance Australia as head of underwriting
Mason, who founded a gourmet chocolate company in India, joins the MGA from Probitas 1492 in Sydney.
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Aon taps Jessie Shi for Asia transaction solutions role
Shanghai-based qualified lawyer and certified public accountant joins as an associate director having previously held roles at Chinese law firm Jun He, PwC and Intel Corporation.
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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.
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.
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.
Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services