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Asia insurance rates fall for ninth straight quarter: Marsh
Property, casualty, finpro, and cyber lines all saw rate reductions amid strong insurer competition and evolving risk landscapes, according to Marsh’s Global Insurance Market Index.
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Pacific insurance rates drop 12% in Q1, extending soft market streak to 2 years: Marsh
Region saw the steepest decline in rates globally, according to Marsh’s Global Insurance Market Index.
Pacific insurance rates drop 12% in Q1, extending soft market streak to 2 years: Marsh
Region saw the steepest decline in rates globally, according to Marsh’s Global Insurance Market Index.
Region saw the steepest decline in rates globally, according to Marsh’s Global Insurance Market Index.
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Newline promotes Rebecca Smith to senior underwriter for Australia PI team
Sydney-based Smith, who has been with the specialty insurer as an underwriter since joining October 2024, will work under head of professional indemnity Nick Beswick.
Newline promotes Rebecca Smith to senior underwriter for Australia PI team
Sydney-based Smith, who has been with the specialty insurer as an underwriter since joining October 2024, will work under head of professional indemnity Nick Beswick.
Sydney-based Smith, who has been with the specialty insurer as an underwriter since joining October 2024, will work under head of professional indemnity Nick Beswick.
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Japan on high alert for second earthquake after first brings tsunamis, minor damage, injuries
Two people sustained minor injuries in the quake on Monday, while 26 non-residential buildings, including schools and restaurants, were damaged in Aomori, the prefecture said.
Japan on high alert for second earthquake after first brings tsunamis, minor damage, injuries
Two people sustained minor injuries in the quake on Monday, while 26 non-residential buildings, including schools and restaurants, were damaged in Aomori, the prefecture said.
Two people sustained minor injuries in the quake on Monday, while 26 non-residential buildings, including schools and restaurants, were damaged in Aomori, the prefecture said.
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General average declared after Singapore containership fire
UK-flagged Ever Lenient, which is owned and operated by Taiwan's Evergreen Marine Corporation, caught fire while docked at the Port of Singapore on April 10.
General average declared after Singapore containership fire
UK-flagged Ever Lenient, which is owned and operated by Taiwan's Evergreen Marine Corporation, caught fire while docked at the Port of Singapore on April 10.
UK-flagged Ever Lenient, which is owned and operated by Taiwan's Evergreen Marine Corporation, caught fire while docked at the Port of Singapore on April 10.
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Wellington remains under state of emergency after torrential rain, flash flooding
Wellington received a record 77mm of rain in less than an hour on Monday.
Wellington remains under state of emergency after torrential rain, flash flooding
Wellington received a record 77mm of rain in less than an hour on Monday.
Wellington received a record 77mm of rain in less than an hour on Monday.
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‘We’re just getting started’: CyberCube bets on Asia’s cyber insurance gap as the ‘next big frontier’
CEO Chris Methven tells the Between the Lines podcast that Asia’s underpenetrated and fast-growing cyber insurance market, driven by regulatory changes and rising cyber threats, is key to the company’s long-term growth following its US$180m funding round.
‘We’re just getting started’: CyberCube bets on Asia’s cyber insurance gap as the ‘next big frontier’
CEO Chris Methven tells the Between the Lines podcast that Asia’s underpenetrated and fast-growing cyber insurance market, driven by regulatory changes and rising cyber threats, is key to the company’s long-term growth following its US$180m funding round.
CEO Chris Methven tells the Between the Lines podcast that Asia’s underpenetrated and fast-growing cyber insurance market, driven by regulatory changes and rising cyber threats, is key to the company’s long-term growth following its US$180m funding round.
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Exclusive: Carlos Grijalva to join Gallagher Re as APAC head of cyber
Grijalva, who has been head of Asia cyber sales at Willis since November, is due to join the reinsurance broker in Hong Kong in May.
Exclusive: Carlos Grijalva to join Gallagher Re as APAC head of cyber
Grijalva, who has been head of Asia cyber sales at Willis since November, is due to join the reinsurance broker in Hong Kong in May.
Grijalva, who has been head of Asia cyber sales at Willis since November, is due to join the reinsurance broker in Hong Kong in May.
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Abu Dhabi National Insurance Company gets Gift City licence
Branch is expected to support the UAE-based carrier's long-term growth by diversifying revenue streams and enhancing service capabilities for clients across high-growth markets.
Abu Dhabi National Insurance Company gets Gift City licence
Branch is expected to support the UAE-based carrier's long-term growth by diversifying revenue streams and enhancing service capabilities for clients across high-growth markets.
Branch is expected to support the UAE-based carrier's long-term growth by diversifying revenue streams and enhancing service capabilities for clients across high-growth markets.
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PCRIC makes voluntary US$550,000 payment to Fiji for Cyclone Vaianu recovery
Cyclone brought heavy rain, flash flooding, and strong winds as it passed the western coast of Fiji earlier this month, although it did not meet the thresholds under the parametric insurance policy.
PCRIC makes voluntary US$550,000 payment to Fiji for Cyclone Vaianu recovery
Cyclone brought heavy rain, flash flooding, and strong winds as it passed the western coast of Fiji earlier this month, although it did not meet the thresholds under the parametric insurance policy.
Cyclone brought heavy rain, flash flooding, and strong winds as it passed the western coast of Fiji earlier this month, although it did not meet the thresholds under the parametric insurance policy.
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bolttech names Kohei Watanabe Japan GM, succeeds new head of business development Akiko Anzai
Japan is a strategically important market for bolttech, APAC CEO Philip Weiner says.
bolttech names Kohei Watanabe Japan GM, succeeds new head of business development Akiko Anzai
Japan is a strategically important market for bolttech, APAC CEO Philip Weiner says.
Japan is a strategically important market for bolttech, APAC CEO Philip Weiner says.
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MS Amlin launches Lloyd’s sub-syndicate targeting innovative growth
Sub-syndicate 1673 will support expansion of the syndicate’s portfolio solutions team and give brokers access to new capacity.
MS Amlin launches Lloyd’s sub-syndicate targeting innovative growth
Sub-syndicate 1673 will support expansion of the syndicate’s portfolio solutions team and give brokers access to new capacity.
Sub-syndicate 1673 will support expansion of the syndicate’s portfolio solutions team and give brokers access to new capacity.
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Swiss Re taps Anna Ziswiler to lead P&C Re across Southeast Asia, India, Hong Kong, Taiwan, South Korea
Singapore-based Ziswiler will start in the role from May 1, reporting to P&C CEO Urs Baertschi.
Swiss Re taps Anna Ziswiler to lead P&C Re across Southeast Asia, India, Hong Kong, Taiwan, South Korea
Singapore-based Ziswiler will start in the role from May 1, reporting to P&C CEO Urs Baertschi.
Singapore-based Ziswiler will start in the role from May 1, reporting to P&C CEO Urs Baertschi.
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Insurers must pair AI adoption with stronger cyber resilience, Hong Kong’s regulator warns
Insurance Authority's Tony Chan tells IAN's APAC Cyber Risk and Insurance Summit that Hong Kong's regulator is developing a new AI governance framework to bolster cyber resilience amid rising AI-driven threats.
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Cyber risks more than an IT issue for marine insurers, even as Strait of Hormuz rates remain ‘prohibitive’
Cyber risks have evolved from an IT issue into a physical threat for marine insurers, yet remain caught in a coverage gap as Strait of Hormuz rates stay 'prohibitive', Lockton's regional marine heads Sung Wook Han and Derek Shum tell InsuranceAsia News.
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APAC timber insurance market set for sustained growth, with mass timber projects to the fore
APAC's timber and lumber insurance market is set for 7.2% growth to 2030, driven by a US$63bn regional sector and a green building boom – but while insurers are increasing capacity, they are applying tighter guidelines.
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As Blueprint Two heads off into the sunset, what next for Lloyd’s transformation?
After US$600m spent and multiple delays over 30 years - and now a formal 'sunsetting' of its big-bang reform - industry insiders ponder what happens next with the market looking to move forward.
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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‘We’re just getting started’: CyberCube bets on Asia’s cyber insurance gap as the ‘next big frontier’
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Hong Kong marine war risk pool seeks local capacity retention to wean off overseas markets, secure hub status
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‘Essential to diversify’: Taiping Re looks beyond property cat as market softens, doubles down on Hong Kong, health
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‘Bigger than an industrial revolution’: Australian MGA Kaibridge eyes growth with AI-native platform
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‘A huge way to go in Asia’: region still land of opportunity, excitement, TMK Asia chief says
M&A
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Envest-backed Blue Zebra rebrands following merger of SGUA, Allstate, Point Insurance
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IAG’s RACI acquisition moves to phase two ACCC investigation
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Australia’s new merger control regime makes ‘positive start’, regulator says
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JKL Partners to relaunch Lotte Non-life sale: report
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Specialist risk adviser Continuum forms strategic partnership with Hong Kong-based broker Freed Capital
ESG
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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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Carbon specialist Kita expands into Australia
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Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’
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A soft market presents organisations with opportunities to strengthen resilience, although the abundance of capacity is unlikely to persist.
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Newline promotes Rebecca Smith to senior underwriter for Australia PI team
Sydney-based Smith, who has been with the specialty insurer as an underwriter since joining October 2024, will work under head of professional indemnity Nick Beswick.
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Exclusive: Carlos Grijalva to join Gallagher Re as APAC head of cyber
Grijalva, who has been head of Asia cyber sales at Willis since November, is due to join the reinsurance broker in Hong Kong in May.
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bolttech names Kohei Watanabe Japan GM, succeeds new head of business development Akiko Anzai
Japan is a strategically important market for bolttech, APAC CEO Philip Weiner says.
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Swiss Re taps Anna Ziswiler to lead P&C Re across Southeast Asia, India, Hong Kong, Taiwan, South Korea
Singapore-based Ziswiler will start in the role from May 1, reporting to P&C CEO Urs Baertschi.
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Aon New Zealand elevates Michael Twyman to specialty GM
He has been with Aon in New Zealand for over 12 years.
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Chubb Malaysia hires Allanz Singapore’s Ariel Llugdar as head of motor claims
Kuala Lumpur-based Llugdar has more than 30 years of insurance experience, including 10 years at Liberty Singapore and almost 20 years at Argentinian insurer La Caja.
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Newline Asia elevates trio of underwriters in Singapore
Lloyd’s specialty insurer promotes Cayden Lim to liability underwriter, with Songju Lee and Jayrius Lai elevated to financial lines underwriters.
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Agile promotes Mark Hunt to group CUO in underwriting leadership shake-up
David Hughes succeeds Hunt as active underwriter for Syndicate 2427, while Mike Dalton takes on an additional role as head of underwriting for Australia.
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Gallagher Re’s Mark O’Brien joins MGA XS Global Asia Pacific
O'Brien, who had stepped down as APAC head of the reinsurance broker earlier this year, will write treaty reinsurance.
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Swiss Re appoints Devpriya Misra as APAC head of credit and surety reinsurance
He has been with Swiss Re since 2009.
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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 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.
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APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth
While the upswing in trade is expected to help premium growth and and the overall claims impact remained stable, uncertainty posed by geopolitical tensions and regional economic outlook could impact the sector.
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Australian underwriters incur 23% lower public liability claims in 2023
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
Essential to diversify in a softer market cycle: Taiping Re’s Sheldon Yu
Sheldon Yu, Taiping Re CEO, talks to InsuranceAsia News about the outlook for the Asia Pacific reinsurance market in 2026.
Japanese non-life insurers to outperform life firms on fundamentals: Fitch’s Morinaga
Teruki Morinaga, director of insurance at Fitch Ratings in Tokyo, talks to InsuranceAsia News on the market forces shaping Japan's insurance sector.
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