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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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Excess capacity driving sharp price drops in Asia at 1.4: Guy Carpenter
Despite geopolitical uncertainties, reinsurers are keen to support clients with innovative solutions, ensuring stability and continuity, says APAC CEO Tony Gallagher
Excess capacity driving sharp price drops in Asia at 1.4: Guy Carpenter
Despite geopolitical uncertainties, reinsurers are keen to support clients with innovative solutions, ensuring stability and continuity, says APAC CEO Tony Gallagher
Despite geopolitical uncertainties, reinsurers are keen to support clients with innovative solutions, ensuring stability and continuity, says APAC CEO Tony Gallagher
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Aon Australia promotes Alexander Eakins, Maria Kemiji-McDonald
Eakins takes over as client director for cyber solutions, while Kemiji-McDonald is named head of fintech and digital economy.
Aon Australia promotes Alexander Eakins, Maria Kemiji-McDonald
Eakins takes over as client director for cyber solutions, while Kemiji-McDonald is named head of fintech and digital economy.
Eakins takes over as client director for cyber solutions, while Kemiji-McDonald is named head of fintech and digital economy.
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PSC’s Ben Goodall to steer Envest broking pillar in organisational rejig
As CEO of Envest broking, Melbourne-based Goodall will lead the multidimensional broking business, including PSC, Aviso Group and equity-owned AR businesses.
PSC’s Ben Goodall to steer Envest broking pillar in organisational rejig
As CEO of Envest broking, Melbourne-based Goodall will lead the multidimensional broking business, including PSC, Aviso Group and equity-owned AR businesses.
As CEO of Envest broking, Melbourne-based Goodall will lead the multidimensional broking business, including PSC, Aviso Group and equity-owned AR businesses.
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Canopius boosts APAC energy, construction and marine teams with triple promotion
Johnny Kim has been promoted to APAC and MENA head natural resources and construction, Meiding He to APAC head of marine hull, and Sharon Tan to underwriter for energy and construction.
Canopius boosts APAC energy, construction and marine teams with triple promotion
Johnny Kim has been promoted to APAC and MENA head natural resources and construction, Meiding He to APAC head of marine hull, and Sharon Tan to underwriter for energy and construction.
Johnny Kim has been promoted to APAC and MENA head natural resources and construction, Meiding He to APAC head of marine hull, and Sharon Tan to underwriter for energy and construction.
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Steamship elevates Eric Wu as greater China managing director
Hong Kong-based Wu was most recently director and head of underwriting eastern syndicate for the P&I club.
Steamship elevates Eric Wu as greater China managing director
Hong Kong-based Wu was most recently director and head of underwriting eastern syndicate for the P&I club.
Hong Kong-based Wu was most recently director and head of underwriting eastern syndicate for the P&I club.
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McLardy McShane forms partnership with West Rock Insurance Brokers
WestRock will retain its brand and continue to be led by its founder as part of McLardy McShane's network.
McLardy McShane forms partnership with West Rock Insurance Brokers
WestRock will retain its brand and continue to be led by its founder as part of McLardy McShane's network.
WestRock will retain its brand and continue to be led by its founder as part of McLardy McShane's network.
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McLarens promotes Hang Dong, Quang Nguyen to Vietnam directors
Pair will provide joint leadership across operations in Hanoi and Ho Chi Minh City.
McLarens promotes Hang Dong, Quang Nguyen to Vietnam directors
Pair will provide joint leadership across operations in Hanoi and Ho Chi Minh City.
Pair will provide joint leadership across operations in Hanoi and Ho Chi Minh City.
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Steadfast moves to acquire Envest’s Resilium and PSC Connect AR networks
As part of the proposed deal, around 150 Resilium and PSC authorised representatives (ARs) will integrate into Ausure.
Steadfast moves to acquire Envest’s Resilium and PSC Connect AR networks
As part of the proposed deal, around 150 Resilium and PSC authorised representatives (ARs) will integrate into Ausure.
As part of the proposed deal, around 150 Resilium and PSC authorised representatives (ARs) will integrate into Ausure.
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PCRIC pioneers drought parametric cover for Nauru
Policy provides financial protection for the Pacific island nation against drought for 12 months until March 2027.
PCRIC pioneers drought parametric cover for Nauru
Policy provides financial protection for the Pacific island nation against drought for 12 months until March 2027.
Policy provides financial protection for the Pacific island nation against drought for 12 months until March 2027.
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Aon adds industry veteran Jukgrid Treesuttamas as senior adviser to bolster Thai reinsurance solutions
Treesuttamas, who has more than 40 years of experience in reinsurance, will be based in Bangkok.
Aon adds industry veteran Jukgrid Treesuttamas as senior adviser to bolster Thai reinsurance solutions
Treesuttamas, who has more than 40 years of experience in reinsurance, will be based in Bangkok.
Treesuttamas, who has more than 40 years of experience in reinsurance, will be based in Bangkok.
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Rokstone adds Jackie Lan to Singapore marine team
He joins after 11 years at QBE Insurance.
Rokstone adds Jackie Lan to Singapore marine team
He joins after 11 years at QBE Insurance.
He joins after 11 years at QBE Insurance.
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Price Forbes appoints Rajiv Ramakrishnan as APAC head of A&H
He joins after almost a decade at Liberty Mutual Insurance.
Price Forbes appoints Rajiv Ramakrishnan as APAC head of A&H
He joins after almost a decade at Liberty Mutual Insurance.
He joins after almost a decade at Liberty Mutual Insurance.
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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.
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‘Exciting times’ for Indian market as capacity influx drives steep softening at 1.4 renewals
Status as a magnet for global reinsurance capacity is driving significant rate reductions despite the ongoing conflict in the Middle East, according to brokers.
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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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’
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JC Flowers acquires controlling stake in India’s Niyam Group
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Gallagher acquires Australia’s International Insurance Brokers
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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Aon Australia promotes Alexander Eakins, Maria Kemiji-McDonald
Eakins takes over as client director for cyber solutions, while Kemiji-McDonald is named head of fintech and digital economy.
-
PSC’s Ben Goodall to steer Envest broking pillar in organisational rejig
As CEO of Envest broking, Melbourne-based Goodall will lead the multidimensional broking business, including PSC, Aviso Group and equity-owned AR businesses.
-
Canopius boosts APAC energy, construction and marine teams with triple promotion
Johnny Kim has been promoted to APAC and MENA head natural resources and construction, Meiding He to APAC head of marine hull, and Sharon Tan to underwriter for energy and construction.
-
Steamship elevates Eric Wu as greater China managing director
Hong Kong-based Wu was most recently director and head of underwriting eastern syndicate for the P&I club.
-
McLarens promotes Hang Dong, Quang Nguyen to Vietnam directors
Pair will provide joint leadership across operations in Hanoi and Ho Chi Minh City.
-
Aon adds industry veteran Jukgrid Treesuttamas as senior adviser to bolster Thai reinsurance solutions
Treesuttamas, who has more than 40 years of experience in reinsurance, will be based in Bangkok.
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Rokstone adds Jackie Lan to Singapore marine team
He joins after 11 years at QBE Insurance.
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Price Forbes appoints Rajiv Ramakrishnan as APAC head of A&H
He joins after almost a decade at Liberty Mutual Insurance.
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Howden appoints Mani Tsang as head of claims in Hong Kong
She brings over a decade of experience in complex claims, with expertise in property, construction, energy and liability lines.
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Kyung Tae Koo named Marsh Korea CEO
Seoul-based Koo will oversee the operations of Marsh Korea, including Marsh Risk and Mercer businesses.
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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