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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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ARPC’s claim payouts up marginally in Q1 to surpass AU$1.5bn
Total annual pool premiums are also up slightly to approximately AU$659 million (US$460 million).
ARPC’s claim payouts up marginally in Q1 to surpass AU$1.5bn
Total annual pool premiums are also up slightly to approximately AU$659 million (US$460 million).
Total annual pool premiums are also up slightly to approximately AU$659 million (US$460 million).
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Dual rolls out Liberty-backed global transactional risk unit with Australia, New Zealand among initial markets
The Howden-owned MGA targets GBP500m transactional risk premiums by 2030 with the new platform, which has plans for further geographical and talent build-out.
Dual rolls out Liberty-backed global transactional risk unit with Australia, New Zealand among initial markets
The Howden-owned MGA targets GBP500m transactional risk premiums by 2030 with the new platform, which has plans for further geographical and talent build-out.
The Howden-owned MGA targets GBP500m transactional risk premiums by 2030 with the new platform, which has plans for further geographical and talent build-out.
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Joaquin Carlos Uy rejoins Howden Philippines as financial lines leader
Uy, who joins from WTW, will lead the broker's financial lines practice, driving the development of bespoke and specialised solutions.
Joaquin Carlos Uy rejoins Howden Philippines as financial lines leader
Uy, who joins from WTW, will lead the broker's financial lines practice, driving the development of bespoke and specialised solutions.
Uy, who joins from WTW, will lead the broker's financial lines practice, driving the development of bespoke and specialised solutions.
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January Victoria bushfire losses rise to US$596m: Perils
The third industry loss estimate from the catastrophe data provider indicated that personal lines accounted for 30% of the loss, commercial lines for 68%, and motor for 2%.
January Victoria bushfire losses rise to US$596m: Perils
The third industry loss estimate from the catastrophe data provider indicated that personal lines accounted for 30% of the loss, commercial lines for 68%, and motor for 2%.
The third industry loss estimate from the catastrophe data provider indicated that personal lines accounted for 30% of the loss, commercial lines for 68%, and motor for 2%.
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APAC transaction liability transforms into ‘mature and established’ risk class: Aon
The region is playing an 'increasingly important' in driving risk trends within the global transaction liability market, according to Martijn de Lange, Aon's APAC head of transaction solutions.
APAC transaction liability transforms into ‘mature and established’ risk class: Aon
The region is playing an 'increasingly important' in driving risk trends within the global transaction liability market, according to Martijn de Lange, Aon's APAC head of transaction solutions.
The region is playing an 'increasingly important' in driving risk trends within the global transaction liability market, according to Martijn de Lange, Aon's APAC head of transaction solutions.
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Sompo taps Canon Liu as head of financial lines for Hong Kong, Macau and Taiwan
Liu will lead Sompo's financial lines underwriting strategy across the region, driving growth and portfolio expansion in D&O, professional indemnity, financial institutions, and cyber insurance.
Sompo taps Canon Liu as head of financial lines for Hong Kong, Macau and Taiwan
Liu will lead Sompo's financial lines underwriting strategy across the region, driving growth and portfolio expansion in D&O, professional indemnity, financial institutions, and cyber insurance.
Liu will lead Sompo's financial lines underwriting strategy across the region, driving growth and portfolio expansion in D&O, professional indemnity, financial institutions, and cyber insurance.
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Marsh confirms full ownership of Thailand subsidiary, rebrands as Marsh Risk Thailand
The global broker has bought out local shareholders in its 48-year-old Thailand joint venture effective July 1, as first reported by IAN.
Marsh confirms full ownership of Thailand subsidiary, rebrands as Marsh Risk Thailand
The global broker has bought out local shareholders in its 48-year-old Thailand joint venture effective July 1, as first reported by IAN.
The global broker has bought out local shareholders in its 48-year-old Thailand joint venture effective July 1, as first reported by IAN.
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QBE Asia CFO Siang Leng Tay steps in as interim wholesale markets CEO
Tay will take over from Ronak Shah, who is due to join MSIG Asia in October as regional chief executive.
QBE Asia CFO Siang Leng Tay steps in as interim wholesale markets CEO
Tay will take over from Ronak Shah, who is due to join MSIG Asia in October as regional chief executive.
Tay will take over from Ronak Shah, who is due to join MSIG Asia in October as regional chief executive.
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MSIG Asia appoints Ronak Shah as regional chief executive officer
Shah, who succeeds Clemens Philippi, will start on October 1 with an expanded remit covering China, Taiwan and Korea alongside existing markets.
MSIG Asia appoints Ronak Shah as regional chief executive officer
Shah, who succeeds Clemens Philippi, will start on October 1 with an expanded remit covering China, Taiwan and Korea alongside existing markets.
Shah, who succeeds Clemens Philippi, will start on October 1 with an expanded remit covering China, Taiwan and Korea alongside existing markets.
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KKR joins Amwins–Dragoneer consortium in US$5.4bn Steadfast bid
The US private equity group will serve as a co-lead investment partner with Dragoneer in Steadfast's retail brokerage business.
KKR joins Amwins–Dragoneer consortium in US$5.4bn Steadfast bid
The US private equity group will serve as a co-lead investment partner with Dragoneer in Steadfast's retail brokerage business.
The US private equity group will serve as a co-lead investment partner with Dragoneer in Steadfast's retail brokerage business.
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CFC adds Gemma Hicks to Australian cyber team
Hicks has joined CFC after three years at Coalition.
CFC adds Gemma Hicks to Australian cyber team
Hicks has joined CFC after three years at Coalition.
Hicks has joined CFC after three years at Coalition.
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Guy Carpenter’s Cait Fisher embarks on new chapter in Bermuda
She has served as senior vice president at Guy Carpenter for over five years in Australia.
Guy Carpenter’s Cait Fisher embarks on new chapter in Bermuda
She has served as senior vice president at Guy Carpenter for over five years in Australia.
She has served as senior vice president at Guy Carpenter for over five years in Australia.
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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.
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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.
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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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
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HDI Global leverages Asian HQ boom to open doors for international programs amid rising uncertainty
M&A
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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
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European fund manager Arrow Group to acquire Australian-headquartered W&I MGA Fusion
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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Joaquin Carlos Uy rejoins Howden Philippines as financial lines leader
Uy, who joins from WTW, will lead the broker's financial lines practice, driving the development of bespoke and specialised solutions.
-
Sompo taps Canon Liu as head of financial lines for Hong Kong, Macau and Taiwan
Liu will lead Sompo's financial lines underwriting strategy across the region, driving growth and portfolio expansion in D&O, professional indemnity, financial institutions, and cyber insurance.
-
QBE Asia CFO Siang Leng Tay steps in as interim wholesale markets CEO
Tay will take over from Ronak Shah, who is due to join MSIG Asia in October as regional chief executive.
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MSIG Asia appoints Ronak Shah as regional chief executive officer
Shah, who succeeds Clemens Philippi, will start on October 1 with an expanded remit covering China, Taiwan and Korea alongside existing markets.
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CFC adds Gemma Hicks to Australian cyber team
Hicks has joined CFC after three years at Coalition.
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Guy Carpenter’s Cait Fisher embarks on new chapter in Bermuda
She has served as senior vice president at Guy Carpenter for over five years in Australia.
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OneDegree promotes Emily Chow to chief executive
Chow, who joined the virtual insurer in 2022, previously served as general manager and deputy chief executive.
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Marsh elevates 23-year veteran Robert Krleski to Pacific head of advocacy
Sydney-based Krleski reports to APAC head of claims Jon Fox.
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Emergence Insurance nabs ex-cop Fraser Walker as New Zealand country head
Auckland-based Walker spent over 11 years at AIG and over four years at Expeditors before joining Emergence from Construction Cost Consultants in July 2023.
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Aon’s Reinsurance Solutions hires Metat Sae-Jan as head of L&H in Thailand
Bangkok-based Sae-Jan was most recently a partner at Thai insurance broker XEL Advisory.
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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