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Full Capacity: EAIC reads the room on rates, risk and resilience
This week's newsletter also discusses HK's new insurance initiatives, Miller's Malaysia entry, mounting costs from the Kumamoto earthquake, Ageas selling its Etiqa stake and the Zurich-Beazley deal.
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Former CCB manager sentenced to four years in jail for US$470,000 Vesttoo bribery
Lam Chun-yin authenticated multiple forged CCB standby letters of credit and two fake collateral letters on behalf of Hong Kong investor Yu Po, together totalling over US$1.6bn.
Former CCB manager sentenced to four years in jail for US$470,000 Vesttoo bribery
Lam Chun-yin authenticated multiple forged CCB standby letters of credit and two fake collateral letters on behalf of Hong Kong investor Yu Po, together totalling over US$1.6bn.
Lam Chun-yin authenticated multiple forged CCB standby letters of credit and two fake collateral letters on behalf of Hong Kong investor Yu Po, together totalling over US$1.6bn.
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Envest, Labuan Re, Allianz Commercial, Willis: 14 APAC insurance people moves of the week
Aon, Marsh, Howden, Lockton, Coface, BMS Group, Miller, Starr, Specialist Risk Group, and TQR also made personnel changes over the last week.
Envest, Labuan Re, Allianz Commercial, Willis: 14 APAC insurance people moves of the week
Aon, Marsh, Howden, Lockton, Coface, BMS Group, Miller, Starr, Specialist Risk Group, and TQR also made personnel changes over the last week.
Aon, Marsh, Howden, Lockton, Coface, BMS Group, Miller, Starr, Specialist Risk Group, and TQR also made personnel changes over the last week.
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Chiba torrential rains trigger US$225m in insurance payouts across 30,000 claims: GIAJ
As of August 28, motor claims account for almost 60% of losses with payouts totalling over US$131m across over 19,100 claims.
Chiba torrential rains trigger US$225m in insurance payouts across 30,000 claims: GIAJ
As of August 28, motor claims account for almost 60% of losses with payouts totalling over US$131m across over 19,100 claims.
As of August 28, motor claims account for almost 60% of losses with payouts totalling over US$131m across over 19,100 claims.
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Niyam Group adds Aditi Chaturvedi as actuarial director
Chaturvedi, who will be based in Gift City, joins from Accenture, where she was an actuarial senior principal for the last four years.
Niyam Group adds Aditi Chaturvedi as actuarial director
Chaturvedi, who will be based in Gift City, joins from Accenture, where she was an actuarial senior principal for the last four years.
Chaturvedi, who will be based in Gift City, joins from Accenture, where she was an actuarial senior principal for the last four years.
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Indonesia’s Asuransi Bintang downgraded to BBB+ by Fitch following fraud investigation
The insurer was under investigation at the end of December for alleged investment fraud and payroll-related embezzlement totalling US$3m, which could lead to the weakening of its capital and liquidity position.
Indonesia’s Asuransi Bintang downgraded to BBB+ by Fitch following fraud investigation
The insurer was under investigation at the end of December for alleged investment fraud and payroll-related embezzlement totalling US$3m, which could lead to the weakening of its capital and liquidity position.
The insurer was under investigation at the end of December for alleged investment fraud and payroll-related embezzlement totalling US$3m, which could lead to the weakening of its capital and liquidity position.
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Envest taps former Marsh NZ chief Toni Ferrier to lead New Zealand broking
Ferrier will formally commence with Envest in February 2027.
Envest taps former Marsh NZ chief Toni Ferrier to lead New Zealand broking
Ferrier will formally commence with Envest in February 2027.
Ferrier will formally commence with Envest in February 2027.
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Nat cat risk driving fac demand across Asia: Willis
Asian facultative market is also awash with capacity, as intense competition drives year‑on‑year rate cuts of up to 30% in some placements.
Nat cat risk driving fac demand across Asia: Willis
Asian facultative market is also awash with capacity, as intense competition drives year‑on‑year rate cuts of up to 30% in some placements.
Asian facultative market is also awash with capacity, as intense competition drives year‑on‑year rate cuts of up to 30% in some placements.
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Kumamoto earthquake payouts top US$152m as claims exceed 110,000: GIAJ
Kumamoto prefecture accounts for over 90% of claims following the July 28 quake, which killed at least 38 people.
Kumamoto earthquake payouts top US$152m as claims exceed 110,000: GIAJ
Kumamoto prefecture accounts for over 90% of claims following the July 28 quake, which killed at least 38 people.
Kumamoto prefecture accounts for over 90% of claims following the July 28 quake, which killed at least 38 people.
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Aon names Tanvee Mehta as alternative risk transfer leader for Asia
Singapore-based Mehta joins from Swiss Re, where she was most recently the senior structurer of alternative risk transfer (ART) solutions for APAC.
Aon names Tanvee Mehta as alternative risk transfer leader for Asia
Singapore-based Mehta joins from Swiss Re, where she was most recently the senior structurer of alternative risk transfer (ART) solutions for APAC.
Singapore-based Mehta joins from Swiss Re, where she was most recently the senior structurer of alternative risk transfer (ART) solutions for APAC.
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Natsuko Kato joins Aon’s transaction solutions team in Asia
She joins from Medtronic Japan, according to a LInkedIn post from APAC managing director Martijn de Lange.
Natsuko Kato joins Aon’s transaction solutions team in Asia
She joins from Medtronic Japan, according to a LInkedIn post from APAC managing director Martijn de Lange.
She joins from Medtronic Japan, according to a LInkedIn post from APAC managing director Martijn de Lange.
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Hong Kong pushes captive insurance, ILS reforms as policy address seeks to strengthen international hub status
In his annual policy address and first five-year plan on Wednesday, chief executive John Lee Ka-chiu introduces several initiatives, including legislative amendments to introduce a protected cell company (PCC) structure.
Hong Kong pushes captive insurance, ILS reforms as policy address seeks to strengthen international hub status
In his annual policy address and first five-year plan on Wednesday, chief executive John Lee Ka-chiu introduces several initiatives, including legislative amendments to introduce a protected cell company (PCC) structure.
In his annual policy address and first five-year plan on Wednesday, chief executive John Lee Ka-chiu introduces several initiatives, including legislative amendments to introduce a protected cell company (PCC) structure.
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ICNZ calls for insurance levy to be replaced, says current system outdated, not fit-for-purpose
Chief executive Kris Faafoi says the Insurance Council of New Zealand (ICNZ) strongly supports a well-funded Fire and Emergency New Zealand, but believes it is time to modernise how the service is funded.
ICNZ calls for insurance levy to be replaced, says current system outdated, not fit-for-purpose
Chief executive Kris Faafoi says the Insurance Council of New Zealand (ICNZ) strongly supports a well-funded Fire and Emergency New Zealand, but believes it is time to modernise how the service is funded.
Chief executive Kris Faafoi says the Insurance Council of New Zealand (ICNZ) strongly supports a well-funded Fire and Emergency New Zealand, but believes it is time to modernise how the service is funded.
Popular posts:
- Zurich’s US$11bn Beazley acquisition to take effect on October 1 after regulatory approval
- Envest taps former Marsh NZ chief Toni Ferrier to lead New Zealand broking
- Asia emerges as international programs hub as regional firms centralise risk management: HDI Global
- Hong Kong pushes captive insurance, ILS reforms as policy address seeks to strengthen international hub status
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Asia reinsurance market ‘some way off’ diminished strength, Gallagher Re’s David Bangs says
Broker's head of APAC UK expects ample capacity and a buyer’s market to persist across the region, with reinsurers offering increasingly varied solutions.
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‘The highs are very high, the lows are very low’: New Zealand’s volatile, super-soft P&C market faces a turning point
After two years of double-digit rate cuts and a benign catastrophe experience, New Zealand's P&C market is showing signs of bottoming out, according to industry sources.
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Rising cyber threats put the brakes on APAC’s softening insurance market
The dramatic softening of the cyber insurance market since 2023 is showing signs of decelerating, brokers and underwriters say.
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Thailand’s (re)insurance market defies regional softening as cat losses reshape risk landscape
Earthquake in Myanmar in March 2025 and severe floods in November have reshaped Thailand's property catastrophe market.
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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Asia emerges as international programs hub as regional firms centralise risk management: HDI Global
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‘Good times’ for India’s reinsurance buyers despite rising El Nino climate risk: Edme’s Vinod Krishnan
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‘Ripe for real growth’: Lloyd’s insurer Aegis making Asia Pacific cyber moves
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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
M&A
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Ageas completes Etiqa sale, Dimitri Terryn confirms departure
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Singapore’s GIC takes 5% stake in Samsung Fire and Marine
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Tokio Marine HCC International completes Direct Commercial acquisition
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Maybank signs deal to acquire insurer Etiqa from Ageas by Friday
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MS&AD eyeing European reinsurance broking market entry: report
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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Are insurers capturing full value from the asset class? BlackRock shares its perspective.
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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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Niyam Group adds Aditi Chaturvedi as actuarial director
Chaturvedi, who will be based in Gift City, joins from Accenture, where she was an actuarial senior principal for the last four years.
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Envest taps former Marsh NZ chief Toni Ferrier to lead New Zealand broking
Ferrier will formally commence with Envest in February 2027.
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Aon names Tanvee Mehta as alternative risk transfer leader for Asia
Singapore-based Mehta joins from Swiss Re, where she was most recently the senior structurer of alternative risk transfer (ART) solutions for APAC.
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Natsuko Kato joins Aon’s transaction solutions team in Asia
She joins from Medtronic Japan, according to a LInkedIn post from APAC managing director Martijn de Lange.
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Coface appoints Natthaphan Phanitchawong as head of commercial for Thailand
Bangkok-based Phanitchawong joins from AIG, where he spent 17 years as the head of the trade credit insurance department.
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Evan Moore joins Lockton Australia as head of real estate
Sydney-based Moore joins from Zurich, where he led property, marine and technical lines for its general insurance business in Australia.
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Howden brings crop, livestock, parametric risk specialist Sonal Mishra to Singapore
She relocates from India to take up the senior vice president role within the reinsurance division.
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Jack Morecroft joins Marsh as cyber managing principal in Australia
Melbourne-based Morecroft joins from Gallagher, where he had been since January 2022 in London and Melbourne.
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Starr taps Patto To as regional A&H claims manager
Hong Kong-based To will focus on strengthening claims service across Hong Kong and Singapore.
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BMS Group appoints Anna Capone as national head of general claims for Australia
She joins from McLardy McShane Insurance Advisors, having also previously worked for KBI and Knightcorp Insurance Brokers.
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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.
‘Right time for Hong Kong to push captive ambition’: Willis’ Steve Hutchinson
Steve Hutchinson, head of corporate risk and broking for Hong Kong and Macau at Willis, tells InsuranceAsia News about the ongoing evolution of Hong Kong’s captives regime and how multinational corporations are adapting their risk management strategies.
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.
Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services