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Typhoon Maysak claims top 11,000 in China, insured losses hit US$16m
Ping An, Taiping, China Life P&C, CIC China Insurance, and China Continent Insurance have all reported claims related to the typhoon and the subsequent thunderstorms and tornadoes.
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Aon India hires Taranjeet Walia as senior client director for commercial risk solutions, growth
Mumbai-based Walia will advise large companies and financial institutions on integrated risk, capital and strategic solutions.
Aon India hires Taranjeet Walia as senior client director for commercial risk solutions, growth
Mumbai-based Walia will advise large companies and financial institutions on integrated risk, capital and strategic solutions.
Mumbai-based Walia will advise large companies and financial institutions on integrated risk, capital and strategic solutions.
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Exclusive: Marsh’s Wincy Choi swaps London for Hong Kong for finpro role
Choi takes up the role as senior vice president for financial and professional liability for Hong Kong and Macau after 12 years in London.
Exclusive: Marsh’s Wincy Choi swaps London for Hong Kong for finpro role
Choi takes up the role as senior vice president for financial and professional liability for Hong Kong and Macau after 12 years in London.
Choi takes up the role as senior vice president for financial and professional liability for Hong Kong and Macau after 12 years in London.
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European fund manager Arrow Group to acquire Australian-headquartered W&I MGA Fusion
Transaction is subject to customary closing conditions, although all required regulatory approvals have been obtained and completion is expected during the third quarter of 2026.
European fund manager Arrow Group to acquire Australian-headquartered W&I MGA Fusion
Transaction is subject to customary closing conditions, although all required regulatory approvals have been obtained and completion is expected during the third quarter of 2026.
Transaction is subject to customary closing conditions, although all required regulatory approvals have been obtained and completion is expected during the third quarter of 2026.
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Vero Insurance New Zealand hires Chloe Donnelly as marine underwriter
Auckland-based Donnelly joins from Aon, where she spent four years as a marine account executive.
Vero Insurance New Zealand hires Chloe Donnelly as marine underwriter
Auckland-based Donnelly joins from Aon, where she spent four years as a marine account executive.
Auckland-based Donnelly joins from Aon, where she spent four years as a marine account executive.
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Marsh takes full ownership of Thailand joint venture
CEO Derek Heng announces broker’s legal entity, Marsh PB, became Marsh Risk (Thailand) from Monday.
Marsh takes full ownership of Thailand joint venture
CEO Derek Heng announces broker’s legal entity, Marsh PB, became Marsh Risk (Thailand) from Monday.
CEO Derek Heng announces broker’s legal entity, Marsh PB, became Marsh Risk (Thailand) from Monday.
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Allianz Partners taps Carsten Staat as new APAC chief
He succeeds Vinay Surana, who is shifting to a new adviser role after six years in charge of the region.
Allianz Partners taps Carsten Staat as new APAC chief
He succeeds Vinay Surana, who is shifting to a new adviser role after six years in charge of the region.
He succeeds Vinay Surana, who is shifting to a new adviser role after six years in charge of the region.
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QBE Asia appoints James Lo as market lead for cargo, marine underwriting
Hong Kong-based Lo joins following over 12 years at HDI Global, where he was most recently head of marine for North Asia and lead underwriter.
QBE Asia appoints James Lo as market lead for cargo, marine underwriting
Hong Kong-based Lo joins following over 12 years at HDI Global, where he was most recently head of marine for North Asia and lead underwriter.
Hong Kong-based Lo joins following over 12 years at HDI Global, where he was most recently head of marine for North Asia and lead underwriter.
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Steadfast extends exclusivity period for US$5.4bn Amwins, Dragoneer bid
Consortium reconfirms its intention to retain exclusivity and proceed with the bid.
Steadfast extends exclusivity period for US$5.4bn Amwins, Dragoneer bid
Consortium reconfirms its intention to retain exclusivity and proceed with the bid.
Consortium reconfirms its intention to retain exclusivity and proceed with the bid.
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Opinion: Why so quiet? Asia (re)insurance market remains committed to hydrogen projects despite relative silence
Region is embracing alternative energy sources with gusto, with projects in China, Singapore, Thailand, Japan, and India, but the APAC (re)insurance market has seemingly lost its voice when it comes to hydrogen.
Opinion: Why so quiet? Asia (re)insurance market remains committed to hydrogen projects despite relative silence
Region is embracing alternative energy sources with gusto, with projects in China, Singapore, Thailand, Japan, and India, but the APAC (re)insurance market has seemingly lost its voice when it comes to hydrogen.
Region is embracing alternative energy sources with gusto, with projects in China, Singapore, Thailand, Japan, and India, but the APAC (re)insurance market has seemingly lost its voice when it comes to hydrogen.
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Supply shocks to slow global premium growth as fragmentation reshapes risk landscape: Swiss Re
Global non-life premiums are forecast to grow by just 0.6% in real terms in 2026, well below the 3.6% long-term average, the reinsurer said in its latest Sigma report
Supply shocks to slow global premium growth as fragmentation reshapes risk landscape: Swiss Re
Global non-life premiums are forecast to grow by just 0.6% in real terms in 2026, well below the 3.6% long-term average, the reinsurer said in its latest Sigma report
Global non-life premiums are forecast to grow by just 0.6% in real terms in 2026, well below the 3.6% long-term average, the reinsurer said in its latest Sigma report
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RGA inks block life deals with Sumitomo Life, Anshin Life
Deal with Sumitomo Life marks the rare appearance of a mutual in the Japanese asset intensive reinsurance market.
RGA inks block life deals with Sumitomo Life, Anshin Life
Deal with Sumitomo Life marks the rare appearance of a mutual in the Japanese asset intensive reinsurance market.
Deal with Sumitomo Life marks the rare appearance of a mutual in the Japanese asset intensive reinsurance market.
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Natasha Golden to lead WTW-backed Zest Insurance in Australia
Melbourne-based Golden was most recently the head of professions for finex at WTW.
Natasha Golden to lead WTW-backed Zest Insurance in Australia
Melbourne-based Golden was most recently the head of professions for finex at WTW.
Melbourne-based Golden was most recently the head of professions for finex at WTW.
Popular posts:
- Wild weather hits China as Typhoon Maysak floods Guangxi, deadly storms tear through Hubei, Super Typhoon Bavi loom
- Allianz Partners taps Carsten Staat as new APAC chief
- Gift City’s new MGA regime a ‘build-or-broker’ moment for Indian insurance
- QBE Australia Pacific chief executive Sue Houghton to retire
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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.
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‘Substantial insurance support’ pivotal as 20,000 seafarers trapped in worsening Strait of Hormuz crisis
Industry officials stress that repatriating trapped crew requires coordinated war-risk and P&I insurance arrangements, alongside security guarantees, to overcome the stalled evacuation.
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Not blowout year, but M&A resiliency remains amid soft market, improving geopolitical outlook
Insurer appetite for M&A remained robust in the first half despite a volatile geopolitical backdrop, with three jumbo deals in Japan, Australia and the UK.
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We’ve seen reinsurers’ appetite prevail at 1.7, Gallagher Re’s Roshan Perera says
New managing director and head of APAC tells InsuranceAsia News that while there seems to be some more room for rate reduction, cedents will certainly benefit from more options and flexibility in future renewals.
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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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
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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
M&A
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European fund manager Arrow Group to acquire Australian-headquartered W&I MGA Fusion
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Marsh takes full ownership of Thailand joint venture
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Steadfast extends exclusivity period for US$5.4bn Amwins, Dragoneer bid
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Sompo swoops for US workers’ compensation specialist Service Insurance Companies
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Australia’s competition regulator probes Allianz-nib travel insurance tie-up
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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Aon India hires Taranjeet Walia as senior client director for commercial risk solutions, growth
Mumbai-based Walia will advise large companies and financial institutions on integrated risk, capital and strategic solutions.
-
Exclusive: Marsh’s Wincy Choi swaps London for Hong Kong for finpro role
Choi takes up the role as senior vice president for financial and professional liability for Hong Kong and Macau after 12 years in London.
-
Vero Insurance New Zealand hires Chloe Donnelly as marine underwriter
Auckland-based Donnelly joins from Aon, where she spent four years as a marine account executive.
-
Allianz Partners taps Carsten Staat as new APAC chief
He succeeds Vinay Surana, who is shifting to a new adviser role after six years in charge of the region.
-
QBE Asia appoints James Lo as market lead for cargo, marine underwriting
Hong Kong-based Lo joins following over 12 years at HDI Global, where he was most recently head of marine for North Asia and lead underwriter.
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Natasha Golden to lead WTW-backed Zest Insurance in Australia
Melbourne-based Golden was most recently the head of professions for finex at WTW.
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QBE Australia Pacific chief executive Sue Houghton to retire
She will remain in the role and continue to lead the business while QBE undertakes a search for her successor.
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Aon taps Jess Kang as APAC head of data and analytics
She takes charge of Aon's data and analytics strategy across the region having joined from QBE Insurance in Singapore
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Sompo appoints Maureen Ung as director for commercial distribution
She has nearly 20 years of experience across customer strategy, claims, and commercial distribution in the Asia-Pacific insurance market.
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Howden hires trio to grow employee benefits, financial lines in Hong Kong
Broker appoints Eugene Wong as employee benefits practice lead, Alan Sze as associate director for employee benefits sales, and Jason Lam as associate director for financial lines.
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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