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Swiss Re’s Victor Kuk to succeed Franz-Josef Hahn as Peak Re CEO
Co-founder Hahn will assume the position of special adviser, continuing to provide strategic oversight until October 9.
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India-focused reinsurer Niyam secures Lloyd’s approval for Syndicate 2047
Former GIC Re chairman Devesh Srivastava has been appointed chairman as Niyam will begin underwriting from April 1.
India-focused reinsurer Niyam secures Lloyd’s approval for Syndicate 2047
Former GIC Re chairman Devesh Srivastava has been appointed chairman as Niyam will begin underwriting from April 1.
Former GIC Re chairman Devesh Srivastava has been appointed chairman as Niyam will begin underwriting from April 1.
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Mosaic to close Singapore office, service Asia from Dubai
Singapore CEO Benn Wilson will relocate to Dubai as part of the carrier's exit from the Lloyd's Asia platform.
Mosaic to close Singapore office, service Asia from Dubai
Singapore CEO Benn Wilson will relocate to Dubai as part of the carrier's exit from the Lloyd's Asia platform.
Singapore CEO Benn Wilson will relocate to Dubai as part of the carrier's exit from the Lloyd's Asia platform.
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Australian broker Envest merges transport specialist MGAs
Insuret and ATL will form a unified national platform dedicated to fleet and trucking insurance.
Australian broker Envest merges transport specialist MGAs
Insuret and ATL will form a unified national platform dedicated to fleet and trucking insurance.
Insuret and ATL will form a unified national platform dedicated to fleet and trucking insurance.
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Zhang Daoming to become PICC president: report
He has been the temporary responsible officer of the People’s Insurance Company of China (PICC) since December following Yu Ze's resignation in December.
Zhang Daoming to become PICC president: report
He has been the temporary responsible officer of the People’s Insurance Company of China (PICC) since December following Yu Ze's resignation in December.
He has been the temporary responsible officer of the People’s Insurance Company of China (PICC) since December following Yu Ze's resignation in December.
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Chubb’s Quinton Kotze to join Aon as head of cyber solutions for Australia
Sydney-based Kotze will join Aon in May following 13 years with the American insurer.
Chubb’s Quinton Kotze to join Aon as head of cyber solutions for Australia
Sydney-based Kotze will join Aon in May following 13 years with the American insurer.
Sydney-based Kotze will join Aon in May following 13 years with the American insurer.
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Widening protection gap presents Australia with systemic financial risk : APRA
One in four households could be uninsured by 2050, according to Australian Prudential Regulatory Authority (APRA) modelling.
Widening protection gap presents Australia with systemic financial risk : APRA
One in four households could be uninsured by 2050, according to Australian Prudential Regulatory Authority (APRA) modelling.
One in four households could be uninsured by 2050, according to Australian Prudential Regulatory Authority (APRA) modelling.
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Mark Kenyon joins Howden as partner for NZ broking
He brings more then three decades of experience in leadership, complex claims and advisory roles.
Mark Kenyon joins Howden as partner for NZ broking
He brings more then three decades of experience in leadership, complex claims and advisory roles.
He brings more then three decades of experience in leadership, complex claims and advisory roles.
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‘This is not accurate’: LMA insists lack of war insurance cover not reason for limited Strait of Hormuz activity
US President Donald Trump extends his deadline for Iran to reopen the key waterway, saying the US would hold off on power plant strikes for five days.
‘This is not accurate’: LMA insists lack of war insurance cover not reason for limited Strait of Hormuz activity
US President Donald Trump extends his deadline for Iran to reopen the key waterway, saying the US would hold off on power plant strikes for five days.
US President Donald Trump extends his deadline for Iran to reopen the key waterway, saying the US would hold off on power plant strikes for five days.
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Markel launches W&I offering in Asia with key hires in Hong Kong, India
Lloyd's carrier hires Aon's Siddick Khan as a senior W&I underwriter in Hong Kong and Shubhi Nigam as an underwriter in India.
Markel launches W&I offering in Asia with key hires in Hong Kong, India
Lloyd's carrier hires Aon's Siddick Khan as a senior W&I underwriter in Hong Kong and Shubhi Nigam as an underwriter in India.
Lloyd's carrier hires Aon's Siddick Khan as a senior W&I underwriter in Hong Kong and Shubhi Nigam as an underwriter in India.
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Berkshire Hathaway to pick up 2.5% of Tokio Marine for US$1.8bn, agree quota share deal
Wide-ranging strategic partnership between National Indemnity Company (NICO) and Tokio Marine, will also include a strategic collaboration in M&A.
Berkshire Hathaway to pick up 2.5% of Tokio Marine for US$1.8bn, agree quota share deal
Wide-ranging strategic partnership between National Indemnity Company (NICO) and Tokio Marine, will also include a strategic collaboration in M&A.
Wide-ranging strategic partnership between National Indemnity Company (NICO) and Tokio Marine, will also include a strategic collaboration in M&A.
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ARPC declares end of ex-Tropical Cyclone Narelle after 162 hours
System brought up to 200mm of rain to some areas having made landfall in Far North Queensland on Friday.
ARPC declares end of ex-Tropical Cyclone Narelle after 162 hours
System brought up to 200mm of rain to some areas having made landfall in Far North Queensland on Friday.
System brought up to 200mm of rain to some areas having made landfall in Far North Queensland on Friday.
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Lockton appoints Glenn Preece as Pacific growth leader
Broker also taps Sare Ozkara as head of market strategy, engagement, and portfolio solutions.
Lockton appoints Glenn Preece as Pacific growth leader
Broker also taps Sare Ozkara as head of market strategy, engagement, and portfolio solutions.
Broker also taps Sare Ozkara as head of market strategy, engagement, and portfolio solutions.
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Energy clients voice disquiet over change of cover for non-exposed Middle East territories
Global P&C insurer Chubb has outlined the structure and scope of the maritime insurance facility created in partnership with the US government, but attacks on oil and gas facilities have added to global tensions.
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‘Promising’ outlook as Japan’s P&C insurers reap benefits from diversification
Japan's non-life carriers are profiting from share sales, higher investment income, light natural catastrophe losses, and diversification of their revenues abroad.
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Lloyd’s eyes Asia for capital, syndicates in new five-year plan
CEO Patrick Tiernan sharpens Lloyd’s strategy to be a ‘market of firsts’ as the marketplace looks internationally for capital, syndicates and next‑generation underwriting talent.
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Insurers brace for fallout as Iran conflict ‘not a single-line issue’
Industry expects the ripple effects of the conflict to drive disruption-related losses, rather than physical damage.
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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‘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
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Chubb’s Evan Greenberg ‘bullish on long-term opportunity’ for Asia
M&A
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Australian broker Envest merges transport specialist MGAs
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Berkshire Hathaway to pick up 2.5% of Tokio Marine for US$1.8bn, agree quota share deal
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Sodalis acquires MGA startup Amiga Specialty for US$2.4m
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Legacy specialist RiverStone launches Australian unit led by Mark Fleiser, strikes Zurich LPT deal
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Warburg Pincus weighs sale of Oona Insurance after buyer interest: Bloomberg
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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India-focused reinsurer Niyam secures Lloyd’s approval for Syndicate 2047
Former GIC Re chairman Devesh Srivastava has been appointed chairman as Niyam will begin underwriting from April 1.
-
Swiss Re’s Victor Kuk to succeed Franz-Josef Hahn as Peak Re CEO
Co-founder Hahn will assume the position of special adviser, continuing to provide strategic oversight until October 9.
-
Zhang Daoming to become PICC president: report
He has been the temporary responsible officer of the People’s Insurance Company of China (PICC) since December following Yu Ze's resignation in December.
-
Chubb’s Quinton Kotze to join Aon as head of cyber solutions for Australia
Sydney-based Kotze will join Aon in May following 13 years with the American insurer.
-
Mark Kenyon joins Howden as partner for NZ broking
He brings more then three decades of experience in leadership, complex claims and advisory roles.
-
Markel launches W&I offering in Asia with key hires in Hong Kong, India
Lloyd's carrier hires Aon's Siddick Khan as a senior W&I underwriter in Hong Kong and Shubhi Nigam as an underwriter in India.
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Lockton appoints Glenn Preece as Pacific growth leader
Broker also taps Sare Ozkara as head of market strategy, engagement, and portfolio solutions.
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Berkley Insurance Asia names Kenneth Cheong as new head of marine
He replaces Ju-An Lee, who is shifting to the newly created role of senior advisory and talent development leader.
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HDI Global adds senior underwriting trio to Singapore team
HDI Global has prioritised the growth of its energy, marine and property businesses in Southeast Asia.
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Aviso Specialty appoints ex-Marsh Pacific president Josh Roach as CEO
Former Lockton CEO Paul Marsden has also been tapped as executive director of broking.
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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