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China floods trigger US$110m in losses as claims top 33,000
Insurers have paid out US$31 million in claims following heavy rains across southern and central China, according to the National Financial Regulatory Administration.
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Howden hires FM veteran Manikandan Krishnamoorthy as regional director for risk and engineering advisory
Krishnamoorthy joins from commercial property insurer FM, where he spent more than two decades in roles across Bangalore and Singapore.
Howden hires FM veteran Manikandan Krishnamoorthy as regional director for risk and engineering advisory
Krishnamoorthy joins from commercial property insurer FM, where he spent more than two decades in roles across Bangalore and Singapore.
Krishnamoorthy joins from commercial property insurer FM, where he spent more than two decades in roles across Bangalore and Singapore.
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Tower elevates Michael Skeens to chief operating officer
Former customer contact centre head, Skeens will be responsible for leading the Kiwi insurer's operational hubs, teams, systems and processes.
Tower elevates Michael Skeens to chief operating officer
Former customer contact centre head, Skeens will be responsible for leading the Kiwi insurer's operational hubs, teams, systems and processes.
Former customer contact centre head, Skeens will be responsible for leading the Kiwi insurer's operational hubs, teams, systems and processes.
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South Korea’s DB Insurance set to complete Fortegra acquisition
Insurer will acquire 100% of the outstanding shares of the US specialty carrier for US$1.65bn in an all-cash deal.
South Korea’s DB Insurance set to complete Fortegra acquisition
Insurer will acquire 100% of the outstanding shares of the US specialty carrier for US$1.65bn in an all-cash deal.
Insurer will acquire 100% of the outstanding shares of the US specialty carrier for US$1.65bn in an all-cash deal.
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Full Capacity: Japan’s big 3 make waves globally
This week's newsletter also discusses M&A updates, Munich Re's typhoon season predictions, political violence risks for APAC companies, Willis and Global Parametrics new parametric policy and ARPC's improved affordability for covers.
Full Capacity: Japan’s big 3 make waves globally
This week's newsletter also discusses M&A updates, Munich Re's typhoon season predictions, political violence risks for APAC companies, Willis and Global Parametrics new parametric policy and ARPC's improved affordability for covers.
This week's newsletter also discusses M&A updates, Munich Re's typhoon season predictions, political violence risks for APAC companies, Willis and Global Parametrics new parametric policy and ARPC's improved affordability for covers.
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Aon, Zurich, Howden, Sompo: 11 APAC insurance people moves of the week
Munich Re, Cowbell, Guy Carpenter, Seadrif, Rothbury Insurance Brokers, Victor Insurance and GT Insurance also made personnel changes over the last week.
Aon, Zurich, Howden, Sompo: 11 APAC insurance people moves of the week
Munich Re, Cowbell, Guy Carpenter, Seadrif, Rothbury Insurance Brokers, Victor Insurance and GT Insurance also made personnel changes over the last week.
Munich Re, Cowbell, Guy Carpenter, Seadrif, Rothbury Insurance Brokers, Victor Insurance and GT Insurance also made personnel changes over the last week.
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Gallagher Re confirms Carlos Grijalva as APAC head of cyber
Hong Kong‑based Grijalva’s move to join the reinsurance broker was first reported by InsuranceAsia News last month.
Gallagher Re confirms Carlos Grijalva as APAC head of cyber
Hong Kong‑based Grijalva’s move to join the reinsurance broker was first reported by InsuranceAsia News last month.
Hong Kong‑based Grijalva’s move to join the reinsurance broker was first reported by InsuranceAsia News last month.
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South Korea to offer US$200m war-risk cover for small shippers in Strait of Hormuz
Financial Services Commission will also explore the creation of a reinsurance program to extend coverage to larger vessels with significant economic impact.
South Korea to offer US$200m war-risk cover for small shippers in Strait of Hormuz
Financial Services Commission will also explore the creation of a reinsurance program to extend coverage to larger vessels with significant economic impact.
Financial Services Commission will also explore the creation of a reinsurance program to extend coverage to larger vessels with significant economic impact.
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Anthony Hong joins Howden as head of surety for Asia
He joins after six years at Aon in Singapore and South Korea.
Anthony Hong joins Howden as head of surety for Asia
He joins after six years at Aon in Singapore and South Korea.
He joins after six years at Aon in Singapore and South Korea.
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‘We get Asia, we’re committed, we’re long term’: Miller charts selective growth in Japan, South Korea, and beyond
Specialist (re)insurance broker's regional expansion has gathered steam over the last two years under the ownership of Singaporean sovereign wealth fund GIC, with Malaysia being considered for future expansion, head of Asia Ron Whyte tells InsuranceAsia News.
‘We get Asia, we’re committed, we’re long term’: Miller charts selective growth in Japan, South Korea, and beyond
Specialist (re)insurance broker's regional expansion has gathered steam over the last two years under the ownership of Singaporean sovereign wealth fund GIC, with Malaysia being considered for future expansion, head of Asia Ron Whyte tells InsuranceAsia News.
Specialist (re)insurance broker's regional expansion has gathered steam over the last two years under the ownership of Singaporean sovereign wealth fund GIC, with Malaysia being considered for future expansion, head of Asia Ron Whyte tells InsuranceAsia News.
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Munich Re taps Gavin Maistry to lead APAC MEA L&H as Daniel Cossette retires
Singapore-based Maistry was most recently the reinsurer’s global chief actuary for life and health.
Munich Re taps Gavin Maistry to lead APAC MEA L&H as Daniel Cossette retires
Singapore-based Maistry was most recently the reinsurer’s global chief actuary for life and health.
Singapore-based Maistry was most recently the reinsurer’s global chief actuary for life and health.
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Howden Australia hires Marsh veteran Rebekah Scott as financial lines partner
Sydney-based Scott has been working at Marsh since 1998, including at JLT from 2003 to 2019 prior to its acquisition by Marsh.
Howden Australia hires Marsh veteran Rebekah Scott as financial lines partner
Sydney-based Scott has been working at Marsh since 1998, including at JLT from 2003 to 2019 prior to its acquisition by Marsh.
Sydney-based Scott has been working at Marsh since 1998, including at JLT from 2003 to 2019 prior to its acquisition by Marsh.
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Willis, Global Parametrics deliver parametric payouts to Vietnam coffee farmers after Typhoon Kalmaegi
Rainfall exceeded 1.7m in some parts, with Gia Lai province one of the areas badly affected.
Willis, Global Parametrics deliver parametric payouts to Vietnam coffee farmers after Typhoon Kalmaegi
Rainfall exceeded 1.7m in some parts, with Gia Lai province one of the areas badly affected.
Rainfall exceeded 1.7m in some parts, with Gia Lai province one of the areas badly affected.
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Beyond the canvas: APAC fine art and specie insurance boom fuelled by rising risks, shifting wealth patterns
Industry insiders tell InsuranceAsia News that wealth accumulation, art-finance links, and softer pricing drive insurer interest, while geopolitical and transit risks reshape underwriting.
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Asia Pacific MGA market has ‘a lot of headroom’ for growth
GC Access' Steve Warwick highlights strong expansion potential, with MGAs generating new business through talent and technology.
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‘Extremely unpredictable’: Marsh, Aon warn of critical risk, tighter terms for Strait of Hormuz transits
Escalating clashes in the key waterway have forced insurers to radically reduce deployment and recalibrate pricing in near real-time, industry insiders say.
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Soft market deepens dilemma at BIBA as brokers navigate rising risk, cyber demands
Themes of a softening market, growing cyber risk, and increasing complexity was the focus at the British Brokers' Association's (BIBA) annual conference in Manchester this week.
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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‘We get Asia, we’re committed, we’re long term’: Miller charts selective growth in Japan, South Korea, and beyond
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Consistency, not cycles, drives Asia Pacific strategy, Allianz Re’s Anna Kohls says
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Asia’s ‘interlinked’ protection gaps require a virtuous cycle of risk reduction, insurance, and government backing: GAIP
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Tokio Marine open to more ILS deals ‘if there’s any room’, as Kizuna Re highlights strong earthquake demand
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‘Expectation vs. experience is the opportunity’: Vietnam’s TCGIns doubles down on AI, health, SME insurance
M&A
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South Korea’s DB Insurance set to complete Fortegra acquisition
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Tokio Marine outlines capacity for over US$10bn in M&A following Berkshire deal
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Malaysian Re parent snaps up Labuan Re in US$100m deal
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Insurance adviser Pro Global expands into APAC with Australian acquisition
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Liberty Mutual hikes stake in India unit to 74%
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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Sedgwick Asia says it is ready to meet the evolving challenges of Asia’s dynamic insurance markets.
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PartnerRe | Understanding ageing in APAC: why perception, planning and protection don’t always align
Ageing is shaping finances, family dynamics and insurance needs of the caregiving ecosystem, but current product propositions and underwriting frameworks are not keeping pace with protection needs, finds PartnerRe survey.
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Howden hires FM veteran Manikandan Krishnamoorthy as regional director for risk and engineering advisory
Krishnamoorthy joins from commercial property insurer FM, where he spent more than two decades in roles across Bangalore and Singapore.
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Tower elevates Michael Skeens to chief operating officer
Former customer contact centre head, Skeens will be responsible for leading the Kiwi insurer's operational hubs, teams, systems and processes.
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Gallagher Re confirms Carlos Grijalva as APAC head of cyber
Hong Kong‑based Grijalva’s move to join the reinsurance broker was first reported by InsuranceAsia News last month.
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Anthony Hong joins Howden as head of surety for Asia
He joins after six years at Aon in Singapore and South Korea.
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Munich Re taps Gavin Maistry to lead APAC MEA L&H as Daniel Cossette retires
Singapore-based Maistry was most recently the reinsurer’s global chief actuary for life and health.
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Howden Australia hires Marsh veteran Rebekah Scott as financial lines partner
Sydney-based Scott has been working at Marsh since 1998, including at JLT from 2003 to 2019 prior to its acquisition by Marsh.
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GT Insurance taps Paul McLean as chief commercial officer
Sydney-based McLean joins from PSC Insurance Brokers, where he had been a regional executive since April 2025.
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Victor Pacific names Carly Martin as head of underwriting operations
Melbourne-based Martin joins the underwriting agency and authorised representative of Marsh following two decades in underwriting roles with QBE.
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Aon appoints Chris Camerieri as enterprise client group growth leader for APAC
Singapore-based Camerieri has been at Aon for over 17 years, including the past eight years leading the Aon Centre for Innovation and Analytics globally.
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Howden India taps Suresh Ram Matcha for senior property, marine role
Matcha has over two decades of experience in the Indian insurance industry.
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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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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.
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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.
Asia offers diversification amid global market softening: Miller’s Ron Whyte
Ron Whyte, head of Asia at Miller, talks to InsuranceAsia News about the broker’s ongoing expansion in Japan and South Korea, and the state of the reinsurance broking market in the region.
Overseeing energy transition in APAC: Tokio Marine GX’s Fraser McLachlan
Fraser McLachlan, Tokio Marine GX chairman, talks to InsuranceAsia News about overseeing energy transition in APAC.
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