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Nepal flash floods insured losses could top US$1bn, spilling into reinsurance
Major international and regional reinsurers, including Hannover Re, GIC Re, Saudi Re, and Kenya Re, face material exposures via direct and retrocession programs.
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Global cat bond issuance tops record US$17.3bn in H1: AM Best
First half saw 11 new sponsors, including two innovative deals from the Asian Development Bank on behalf of Kyrgyzstan and Tajikistan.
Global cat bond issuance tops record US$17.3bn in H1: AM Best
First half saw 11 new sponsors, including two innovative deals from the Asian Development Bank on behalf of Kyrgyzstan and Tajikistan.
First half saw 11 new sponsors, including two innovative deals from the Asian Development Bank on behalf of Kyrgyzstan and Tajikistan.
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McLarens Australia appoints Andy Donnelly as executive loss adjuster
He brings more than 25 years' experience in commercial property loss adjusting, most recently as an executive adjuster at Integra Technical Services.
McLarens Australia appoints Andy Donnelly as executive loss adjuster
He brings more than 25 years' experience in commercial property loss adjusting, most recently as an executive adjuster at Integra Technical Services.
He brings more than 25 years' experience in commercial property loss adjusting, most recently as an executive adjuster at Integra Technical Services.
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Peak Re’s GWP grew 11.8% to US$1.2bn in H1 FY26
Reinsurer's revenue also increased year on year by 25% to US$825.7m, according to a stock exchange filing by parent company Fosun International.
Peak Re’s GWP grew 11.8% to US$1.2bn in H1 FY26
Reinsurer's revenue also increased year on year by 25% to US$825.7m, according to a stock exchange filing by parent company Fosun International.
Reinsurer's revenue also increased year on year by 25% to US$825.7m, according to a stock exchange filing by parent company Fosun International.
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South Korea non-life insurers’ H1 net income up 10% to US$3.7bn
Premium income increased 8.6% to US$50.4bn in the first half of the year, with growth observed across all lines.
South Korea non-life insurers’ H1 net income up 10% to US$3.7bn
Premium income increased 8.6% to US$50.4bn in the first half of the year, with growth observed across all lines.
Premium income increased 8.6% to US$50.4bn in the first half of the year, with growth observed across all lines.
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Guy Carpenter elevates Justin Ward to Pacific CEO
Marsh's reinsurance broking unit also adds former Partner Re CEO James Beedle to its Pacific board of directors.
Guy Carpenter elevates Justin Ward to Pacific CEO
Marsh's reinsurance broking unit also adds former Partner Re CEO James Beedle to its Pacific board of directors.
Marsh's reinsurance broking unit also adds former Partner Re CEO James Beedle to its Pacific board of directors.
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Chubb shifts Jon Longmore to country president for New Zealand
He had been Chubb's Malaysia country president for the past two years.
Chubb shifts Jon Longmore to country president for New Zealand
He had been Chubb's Malaysia country president for the past two years.
He had been Chubb's Malaysia country president for the past two years.
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Deadly flash flood on Nepal-China border leaves widespread destruction
More than 270 people have died, while over 1,000 are still missing following the event on Wednesday morning.
Deadly flash flood on Nepal-China border leaves widespread destruction
More than 270 people have died, while over 1,000 are still missing following the event on Wednesday morning.
More than 270 people have died, while over 1,000 are still missing following the event on Wednesday morning.
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Marsh creates US$10bn global exchange for digital infrastructure risk
New exchange will provide US domiciled companies with global exposures access to bespoke digital infrastructure risk transfer.
Marsh creates US$10bn global exchange for digital infrastructure risk
New exchange will provide US domiciled companies with global exposures access to bespoke digital infrastructure risk transfer.
New exchange will provide US domiciled companies with global exposures access to bespoke digital infrastructure risk transfer.
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AIG elevates Pongprat Suwan to Thailand trade credit head
Bangkok-based Suwan will lead underwriting and operational strategies, oversee the commercial and underwriting priorities, including distribution, partnerships, and business development.
AIG elevates Pongprat Suwan to Thailand trade credit head
Bangkok-based Suwan will lead underwriting and operational strategies, oversee the commercial and underwriting priorities, including distribution, partnerships, and business development.
Bangkok-based Suwan will lead underwriting and operational strategies, oversee the commercial and underwriting priorities, including distribution, partnerships, and business development.
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Munich Re Specialty rolls out Lloyd’s first-ever construction rescue insurance
Policy, which is also being offered in Australia and New Zealand, funds response and recovery operations during the rescue and immediate recovery phase after construction accidents.
Munich Re Specialty rolls out Lloyd’s first-ever construction rescue insurance
Policy, which is also being offered in Australia and New Zealand, funds response and recovery operations during the rescue and immediate recovery phase after construction accidents.
Policy, which is also being offered in Australia and New Zealand, funds response and recovery operations during the rescue and immediate recovery phase after construction accidents.
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MSIG Hong Kong names Billy Wong as CUO
He brings nearly two decades of insurance expertise across retail and commercial lines, with experience in underwriting, portfolio management, pricing, reinsurance, and product development.
MSIG Hong Kong names Billy Wong as CUO
He brings nearly two decades of insurance expertise across retail and commercial lines, with experience in underwriting, portfolio management, pricing, reinsurance, and product development.
He brings nearly two decades of insurance expertise across retail and commercial lines, with experience in underwriting, portfolio management, pricing, reinsurance, and product development.
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Takaful insurer Qatar Islamic Insurance Group handed Gift City branch approval
Nisamudheen Sadar Manzil, chief technical officer of insurance and reinsurance operations, is named the nominated contact person.
Takaful insurer Qatar Islamic Insurance Group handed Gift City branch approval
Nisamudheen Sadar Manzil, chief technical officer of insurance and reinsurance operations, is named the nominated contact person.
Nisamudheen Sadar Manzil, chief technical officer of insurance and reinsurance operations, is named the nominated contact person.
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Product recall market to swerve loss over Tesla’s China hidden door handle snafu
Over four million vehicles are affected in China’s biggest-ever car recall, which also includes vehicles from Chinese carmakers XPeng, Xiaomi and Geely.
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US$750bn APAC data centre build forces underwriting rethink: Willis
While capacity remains available, insurers are becoming more selective in assessing the risks, Lay See Ong, digital infrastructure industry leader for Asia at Willis, tells InsuranceAsia News' Between the Lines podcast.
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Typhoon Dolphin’s ‘salty’ cargo disruption bill only going one way as North Asian port congestion bites
With over 2.4m TEU of capacity stranded across Shanghai and Ningbo after three storms in five weeks, Otonomi CEO Yann Barbarroux says the compounding congestion is reshaping the risk calculus for cargo owners just as peak season approaches.
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From Flores to Chiba, Asia’s nat cat spree exposes protection gap with insurers set to escape major losses
Indonesia, Japan, South Korea and China have been hit with earthquakes, downpours, floods and typhoons over the last week, with loss adjusters telling InsuranceAsia News that the human toll is severe but insured losses remain surprisingly contained due to low coverage in affected areas.
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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‘Challenges are opportunities’: IUMI president-elect urges insurers to play a larger role in supporting maritime resilience
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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
M&A
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Tokio Marine identifies Suncorp as preferred takeover target: report
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Amwins, KKR, Dragoneer sign binding agreement to acquire Steadfast in US$5.5bn deal
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Oona targets Southeast Asia acquisitions, sets sight on Thailand, Vietnam
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Willis Re to acquire BMS Re’s US subsidiaries
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Vietnam’s sovereign wealth fund to maintain Bao Minh Insurance, VinaRe stakes as part of restructuring plan
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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To stay relevant, insurers should engage caregivers earlier with solutions that combine protection, navigation support, and preventative planning.
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Asia's subsea industry is expanding and evolving rapidly, with the growing use of technology across the region changing the way risks are be assessed.
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McLarens Australia appoints Andy Donnelly as executive loss adjuster
He brings more than 25 years' experience in commercial property loss adjusting, most recently as an executive adjuster at Integra Technical Services.
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Guy Carpenter elevates Justin Ward to Pacific CEO
Marsh's reinsurance broking unit also adds former Partner Re CEO James Beedle to its Pacific board of directors.
-
Chubb shifts Jon Longmore to country president for New Zealand
He had been Chubb's Malaysia country president for the past two years.
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AIG elevates Pongprat Suwan to Thailand trade credit head
Bangkok-based Suwan will lead underwriting and operational strategies, oversee the commercial and underwriting priorities, including distribution, partnerships, and business development.
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MSIG Hong Kong names Billy Wong as CUO
He brings nearly two decades of insurance expertise across retail and commercial lines, with experience in underwriting, portfolio management, pricing, reinsurance, and product development.
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Victor Australia appoints Danial Mullin as head of casualty
Melbourne-based Mullin joins the underwriting agency and authorised representative of Marsh after three years at Guild Insurance.
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Steadfast confirms search for Robert Kelly’s successor paused amid takeover
A new CEO was originally expected to be named by the release of the FY26 results in August as part of an orderly leadership transition.
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Ex-Steadfast COO Nigel Fitzgerald to steer Amwins’ Australasian underwriting business
He will remain associated with Kaibridge, the MGA he co-founded, but day-to-day leadership will stay with CEO Grant Cairns.
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Allianz Thailand announces leadership succession with Thomas Wilson set to retire
Lars Heibutzki will succeed Wilson as Thailand country manager and CEO of the life and health business, while Sanghun Park will take over Heibutzki's role as CEO of the general insurance business, both effective from January 1.
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Exclusive: Tina Cheung to depart Markel after three years
She has been with the financial lines underwriting team in Hong Kong since 2023.
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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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Lloyd’s Asia GWP growth stalls at US$1.2bn in 2025, but underwriting gain soars 24%
Monetary Authority of Singapore filings show premium growth flatlined after a 17% jump the year before, even as it posted stronger underwriting gains and a 10% increase in net profit.
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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.
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