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Cleared for takeoff: war rates remain stable as airlines seek new routes
A month into the Iran conflict, the US has also doubled its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz to US$40bn.
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JKL Partners to relaunch Lotte Non-life sale: report
Seoul-based private equity firm, which holds roughly a 77% stake, attempted to sell last year, but negotiations fell through due to price gaps.
JKL Partners to relaunch Lotte Non-life sale: report
Seoul-based private equity firm, which holds roughly a 77% stake, attempted to sell last year, but negotiations fell through due to price gaps.
Seoul-based private equity firm, which holds roughly a 77% stake, attempted to sell last year, but negotiations fell through due to price gaps.
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Tarun Mathur resigns as Policybazaar Insurance Brokers CEO, replaced by Sajja Praveen Chowdary
Mathur cites 'personal commitments' as the reason for his exit.
Tarun Mathur resigns as Policybazaar Insurance Brokers CEO, replaced by Sajja Praveen Chowdary
Mathur cites 'personal commitments' as the reason for his exit.
Mathur cites 'personal commitments' as the reason for his exit.
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ARPC cyclone reinsurance pool claim payments surpass AU$1bn
Australian Reinsurance Pool Corporation CEO Christopher Wallace says the milestone highlights the role of the pool in strengthening resilience in cyclone-prone regions and helping reduce the cost of insurance.
ARPC cyclone reinsurance pool claim payments surpass AU$1bn
Australian Reinsurance Pool Corporation CEO Christopher Wallace says the milestone highlights the role of the pool in strengthening resilience in cyclone-prone regions and helping reduce the cost of insurance.
Australian Reinsurance Pool Corporation CEO Christopher Wallace says the milestone highlights the role of the pool in strengthening resilience in cyclone-prone regions and helping reduce the cost of insurance.
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Pinnacle Underwriting appoints Brendan McDonald to lead casualty, financial lines offering across APAC, MENA
MGA has secured an exclusive broad form facility with dedicated capacity across product and public liability, professional indemnity and directors and officers liability reinsurance.
Pinnacle Underwriting appoints Brendan McDonald to lead casualty, financial lines offering across APAC, MENA
MGA has secured an exclusive broad form facility with dedicated capacity across product and public liability, professional indemnity and directors and officers liability reinsurance.
MGA has secured an exclusive broad form facility with dedicated capacity across product and public liability, professional indemnity and directors and officers liability reinsurance.
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Zurich hires Cheryn Wong as senior casualty underwriter
Singapore-based Wong joins from Everest, where she has been a casualty underwriter for Asia since January 2025.
Zurich hires Cheryn Wong as senior casualty underwriter
Singapore-based Wong joins from Everest, where she has been a casualty underwriter for Asia since January 2025.
Singapore-based Wong joins from Everest, where she has been a casualty underwriter for Asia since January 2025.
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Specialist risk adviser Continuum forms strategic partnership with Hong Kong-based broker Freed Capital
Freed Capital has also made a strategic investment in Continuum.
Specialist risk adviser Continuum forms strategic partnership with Hong Kong-based broker Freed Capital
Freed Capital has also made a strategic investment in Continuum.
Freed Capital has also made a strategic investment in Continuum.
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Minhyuk Jung to head up Aon’s South Korea desk
Role sits within Aon's global broking centre.
Minhyuk Jung to head up Aon’s South Korea desk
Role sits within Aon's global broking centre.
Role sits within Aon's global broking centre.
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AIG hands Steve Gibbs additional international head of personal lines claims role
He has been with AIG for over six years as Asia Pacific head of claims.
AIG hands Steve Gibbs additional international head of personal lines claims role
He has been with AIG for over six years as Asia Pacific head of claims.
He has been with AIG for over six years as Asia Pacific head of claims.
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Price Forbes hires Tokio Marine veteran Akihisa Hirata as director for Japan business
Hirata, who worked at Tokio Marine Group for 33 years in Tokyo, has relocated to Singapore.
Price Forbes hires Tokio Marine veteran Akihisa Hirata as director for Japan business
Hirata, who worked at Tokio Marine Group for 33 years in Tokyo, has relocated to Singapore.
Hirata, who worked at Tokio Marine Group for 33 years in Tokyo, has relocated to Singapore.
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India eyes US$1.8bn sovereign guarantees to back Persian Gulf vessel insurance
Plan would reduce dependence on overseas reinsurance.
India eyes US$1.8bn sovereign guarantees to back Persian Gulf vessel insurance
Plan would reduce dependence on overseas reinsurance.
Plan would reduce dependence on overseas reinsurance.
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Aviso Specialty launches M&A practice, led by Kane Sim
Sydney-based Sim recently led the M&A offering at Marsh in the Pacific region.
Aviso Specialty launches M&A practice, led by Kane Sim
Sydney-based Sim recently led the M&A offering at Marsh in the Pacific region.
Sydney-based Sim recently led the M&A offering at Marsh in the Pacific region.
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Kaibridge ups A&H capabilities with Melanie Hoffmann hire
Industry veterans Nigel Fitzgerald and Grant Cairns launched their new MGA by acquiring specialist accident and health (A&H) underwriting agency Blend Insurance Solutions in February.
Kaibridge ups A&H capabilities with Melanie Hoffmann hire
Industry veterans Nigel Fitzgerald and Grant Cairns launched their new MGA by acquiring specialist accident and health (A&H) underwriting agency Blend Insurance Solutions in February.
Industry veterans Nigel Fitzgerald and Grant Cairns launched their new MGA by acquiring specialist accident and health (A&H) underwriting agency Blend Insurance Solutions in February.
Popular posts:
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Reinsurers eye ‘pockets of opportunity’ in soft Japan April 1 renewals
‘Re‑underwriting’ and primary rates hikes have boosted appetite across historically challenged lines, such as property per‑risk and casualty, Gallagher Re’s George Sherriff tells InsuranceAsia News.
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Capital optimisation key for Japanese insurers as new solvency regime arrives
New economic value-based solvency regime will replace the existing solvency margin ratio with an economic solvency ratio on Tuesday.
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Iran conflict imposes ‘squeeze’ on Asian PVT covers
Iran conflict has sparked a hardening of political violence and terrorism (PVT) insurance rates in Asia and a spike in demand for coverage, according to brokers and underwriters.
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Philippine cedents ‘buying smartly’ as market softens, proportional capacity returns
Reinsurance brokers are witnessing up to 15-20% rate reduction on a risk-adjusted basis at 1.4 renewals, as nat cat losses were manageable and less severe than anticipated.
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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‘A huge way to go in Asia’: region still land of opportunity, excitement, TMK Asia chief says
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‘No longer optional’: parametric climate cover gains urgency as Asia Pacific faces accelerating volatility
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‘Big expectations’ as Gift City branch gives Mapfre Re vehicle to drive India, APAC growth: Javier Sánchez Cea
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‘Exciting and new’: Specialist Risk Group aims to put itself on the map in Australia, Southeast Asia
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Cyber on the mind for ‘next few years’ as Asian ransomware attacks more than double as digitalisation outpaces defences
M&A
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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
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McLardy McShane forms partnership with West Rock Insurance Brokers
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Steadfast moves to acquire Envest’s Resilium and PSC Connect AR networks
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MLX demerger from Market Lane makes ‘significant headway’
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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Tarun Mathur resigns as Policybazaar Insurance Brokers CEO, replaced by Sajja Praveen Chowdary
Mathur cites 'personal commitments' as the reason for his exit.
-
Pinnacle Underwriting appoints Brendan McDonald to lead casualty, financial lines offering across APAC, MENA
MGA has secured an exclusive broad form facility with dedicated capacity across product and public liability, professional indemnity and directors and officers liability reinsurance.
-
Zurich hires Cheryn Wong as senior casualty underwriter
Singapore-based Wong joins from Everest, where she has been a casualty underwriter for Asia since January 2025.
-
Minhyuk Jung to head up Aon’s South Korea desk
Role sits within Aon's global broking centre.
-
AIG hands Steve Gibbs additional international head of personal lines claims role
He has been with AIG for over six years as Asia Pacific head of claims.
-
Price Forbes hires Tokio Marine veteran Akihisa Hirata as director for Japan business
Hirata, who worked at Tokio Marine Group for 33 years in Tokyo, has relocated to Singapore.
-
Aviso Specialty launches M&A practice, led by Kane Sim
Sydney-based Sim recently led the M&A offering at Marsh in the Pacific region.
-
Kaibridge ups A&H capabilities with Melanie Hoffmann hire
Industry veterans Nigel Fitzgerald and Grant Cairns launched their new MGA by acquiring specialist accident and health (A&H) underwriting agency Blend Insurance Solutions in February.
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Oneglobal Broking promotes Sharron Khoo to Asia COO
(Re)insurance broker also promotes Andrew Ko to CEO for greater China.
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Talbot elevates Jiewei Pang, Russell Giam in Singapore
Pang becomes a senior property underwriter, while Giam assumes the role of political risk underwriter.
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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.
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.
Greater local investor participation in ILS needed: Peak Re’s Reynolds
Iain Reynolds, head of third party capital at Peak Re, talks to InsuranceAsia News about the development of Asia's insurance-linked securities market
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