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Wang Fuk Court fire insurance payouts exceed US$65m: HKIA
A total of 863 general insurance claims and 169 life insurance claims have been settled, the Insurance Authority said on Tuesday.
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Australia’s Planned Cover signs binder deal with Swiss Re CorSo
Binder is for writing professional indemnity solutions for architects and aligned built-environment professionals across Australia.
Australia’s Planned Cover signs binder deal with Swiss Re CorSo
Binder is for writing professional indemnity solutions for architects and aligned built-environment professionals across Australia.
Binder is for writing professional indemnity solutions for architects and aligned built-environment professionals across Australia.
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bolttech names Chitra Karan Mukundan as Malaysia GM
He was most recently head of independent distribution partners with Chubb in Indonesia, having also worked for the likes of Manulife, Allianz, and AIA in Malaysia, Thailand, and Hong Kong.
bolttech names Chitra Karan Mukundan as Malaysia GM
He was most recently head of independent distribution partners with Chubb in Indonesia, having also worked for the likes of Manulife, Allianz, and AIA in Malaysia, Thailand, and Hong Kong.
He was most recently head of independent distribution partners with Chubb in Indonesia, having also worked for the likes of Manulife, Allianz, and AIA in Malaysia, Thailand, and Hong Kong.
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Aon’s Karl Hamann returns to Philippines as country CEO
Hamann, who replaces Darren Oliver, will relocate to Manila to take up his new role in April.
Aon’s Karl Hamann returns to Philippines as country CEO
Hamann, who replaces Darren Oliver, will relocate to Manila to take up his new role in April.
Hamann, who replaces Darren Oliver, will relocate to Manila to take up his new role in April.
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Australia’s corporate regulator appoints Sarah Court as first female chair
Australian Securities and Investments Commission (ASIC) deputy chair will replace the retiring Joe Longo on June 1.
Australia’s corporate regulator appoints Sarah Court as first female chair
Australian Securities and Investments Commission (ASIC) deputy chair will replace the retiring Joe Longo on June 1.
Australian Securities and Investments Commission (ASIC) deputy chair will replace the retiring Joe Longo on June 1.
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Emily Hallahan joins Aon Australia as client director for financial institutions and professions team
Sydney-based Hallahan joins following over six years at Chubb, where she was a financial institutions product manager for Australia and New Zealand.
Emily Hallahan joins Aon Australia as client director for financial institutions and professions team
Sydney-based Hallahan joins following over six years at Chubb, where she was a financial institutions product manager for Australia and New Zealand.
Sydney-based Hallahan joins following over six years at Chubb, where she was a financial institutions product manager for Australia and New Zealand.
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Crawford Australia promotes Joel Arbuthnot to head of global technical services
Sydney-based Arbuthnot joined Crawford Australia in 2017 and was most recently as executive adjuster and team leader for global technical services in New South Wales.
Crawford Australia promotes Joel Arbuthnot to head of global technical services
Sydney-based Arbuthnot joined Crawford Australia in 2017 and was most recently as executive adjuster and team leader for global technical services in New South Wales.
Sydney-based Arbuthnot joined Crawford Australia in 2017 and was most recently as executive adjuster and team leader for global technical services in New South Wales.
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Howden opens Fiji office in Pacific expansion
Broker will deliver services that address the specific requirements of Fiji’s dynamic industries, including tourism, agriculture, and renewable energy.
Howden opens Fiji office in Pacific expansion
Broker will deliver services that address the specific requirements of Fiji’s dynamic industries, including tourism, agriculture, and renewable energy.
Broker will deliver services that address the specific requirements of Fiji’s dynamic industries, including tourism, agriculture, and renewable energy.
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Exclusive: Minesh Jani to become CEO of Gallagher Re India
He joins from Howden Re, where he was a managing director based in Dubai.
Exclusive: Minesh Jani to become CEO of Gallagher Re India
He joins from Howden Re, where he was a managing director based in Dubai.
He joins from Howden Re, where he was a managing director based in Dubai.
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Marsh strengthens APAC captive team with 2 strategic appointments
Broker appoints Lawrence Bird as regional leader for captive solutions and Sean Welsch as captive consulting leader for APAC.
Marsh strengthens APAC captive team with 2 strategic appointments
Broker appoints Lawrence Bird as regional leader for captive solutions and Sean Welsch as captive consulting leader for APAC.
Broker appoints Lawrence Bird as regional leader for captive solutions and Sean Welsch as captive consulting leader for APAC.
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Tokio Marine Management Australasia hires Daniel Sirone as chief claims officer
Sydney-based Sirone previously worked at Sedgwick for 10 years, most recently as executive general manager for home claims and building services.
Tokio Marine Management Australasia hires Daniel Sirone as chief claims officer
Sydney-based Sirone previously worked at Sedgwick for 10 years, most recently as executive general manager for home claims and building services.
Sydney-based Sirone previously worked at Sedgwick for 10 years, most recently as executive general manager for home claims and building services.
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Howden elevates Tim Hewitt, snaps up Aon’s Shunsuke Takechi as head of M&A for Japan
Hewitt takes over as head of Japan international solutions and strategy.
Howden elevates Tim Hewitt, snaps up Aon’s Shunsuke Takechi as head of M&A for Japan
Hewitt takes over as head of Japan international solutions and strategy.
Hewitt takes over as head of Japan international solutions and strategy.
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Australia’s East Coast hailstorm losses rise to US$1bn: Perils
Updated estimate reflects higher claims after severe convective storms brought destructive hail and winds to the Australian states of Queensland, New South Wales and Victoria.
Australia’s East Coast hailstorm losses rise to US$1bn: Perils
Updated estimate reflects higher claims after severe convective storms brought destructive hail and winds to the Australian states of Queensland, New South Wales and Victoria.
Updated estimate reflects higher claims after severe convective storms brought destructive hail and winds to the Australian states of Queensland, New South Wales and Victoria.
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Tech, demand drive parametric innovation in financial lines: Howden’s Deborah Thomasz
Regional senior manager for financial lines tells InsuranceAsia News there is room for innovation and differentiation within financial lines for (re)insurers in APAC.
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Fac demand in Asia set to remain robust amid hi-tech boom, growing local capacity
Insiders take the temperature of the regions property direct and facultative (D&F) market as semiconductors, battery energy storage systems (BESS) and data centres create demand that is expected to continue.
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Taiwan still at centre of Asian geopolitical risk debate despite US hard power disrupting world order
Yoel Sano, head of political and security risk at Fitch-owned research firm BMI, reviews the ongoing geopolitical risks at a time Greenland and Venezuela are in the news.
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‘Game over for space’: insurers can help with elephant in the room as debris becomes unsustainable
Amid growing commercialisation of space, insurance bonds emerge as key tool to combat over 100 million pieces of space junk.
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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‘Hopeless’: observation-based models fall short as insurers comprehend modern flood risks
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Home, sweet home for Vietnam’s new reinsurer as AlphaRe eyes efficiency over top line
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Bridging Asia’s protection gap key focus for Verisk, but data issue remains
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‘Asia is our playground’: Asia Reinsurance Brokers seeks winning formula to extend roots
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Acord aims for ‘absolute sweet spot’ with Singapore roll out of digital messaging platform
M&A
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Nigel Fitzgerald, Grant Cairns’ new MGA Kaibridge goes live
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Danantara Indonesia mulls insurance holding company to consolidate state-owned carriers
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Filipino carriers FPG Insurance, Mercantile Insurance cleared to merge
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AUB acquires UK intermediary Prestige for US$300m, plans US$276m equity placement
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Beazley unanimously rejects Zurich’s US$10bn takeover proposal
ESG
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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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With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
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Vastly improving turnaround times and personalising service delivery, QBE Asia’s award-winning, end-to-end bundled claims solutions is a game-changer for the insurance industry.
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bolttech names Chitra Karan Mukundan as Malaysia GM
He was most recently head of independent distribution partners with Chubb in Indonesia, having also worked for the likes of Manulife, Allianz, and AIA in Malaysia, Thailand, and Hong Kong.
-
Aon’s Karl Hamann returns to Philippines as country CEO
Hamann, who replaces Darren Oliver, will relocate to Manila to take up his new role in April.
-
Australia’s corporate regulator appoints Sarah Court as first female chair
Australian Securities and Investments Commission (ASIC) deputy chair will replace the retiring Joe Longo on June 1.
-
Emily Hallahan joins Aon Australia as client director for financial institutions and professions team
Sydney-based Hallahan joins following over six years at Chubb, where she was a financial institutions product manager for Australia and New Zealand.
-
Crawford Australia promotes Joel Arbuthnot to head of global technical services
Sydney-based Arbuthnot joined Crawford Australia in 2017 and was most recently as executive adjuster and team leader for global technical services in New South Wales.
-
Marsh strengthens APAC captive team with 2 strategic appointments
Broker appoints Lawrence Bird as regional leader for captive solutions and Sean Welsch as captive consulting leader for APAC.
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Tokio Marine Management Australasia hires Daniel Sirone as chief claims officer
Sydney-based Sirone previously worked at Sedgwick for 10 years, most recently as executive general manager for home claims and building services.
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Howden elevates Tim Hewitt, snaps up Aon’s Shunsuke Takechi as head of M&A for Japan
Hewitt takes over as head of Japan international solutions and strategy.
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Mitsui Sumitomo Insurance appoints Hiroshi Umiyama as president, CEO
Shinichiro Funabiki will assume the role of chairman of the board, while he remains CEO of MS&AD Holdings.
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Gallagher hires Ian Rouse as executive director for credit, surety, political risks
Sydney-based Rouse previously held several leadership roles, including senior surety adviser at Marsh and head of surety for APAC at Liberty Specialty Markets.
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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.
Cyber insurance has a long way to go to reach next level, says WTW’s Carlos Grijalva, amid soaring demand in Asia
Carlos Grijalva, cyber leader for Hong Kong and greater China at WTW, talks to InsuranceAsia News about the development of the cyber market in Asia.
Building resilience, mitigating risk in APAC’s commercial property insurance market
Martin Au-Yeung, vice president and division underwriting manager at FM, talks to InsuranceAsia News.
AI: "With prudent oversight and strong guardrails, an augmented investment office can allow insurers to confidently ride the private credit boom without being undermined by the complexity they have embraced."
David Pan, Moody’s