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Munich Re, MS&AD, Aon, Miramar Group, Lockton: 15 APAC insurance people moves of the week
Gallagher, Price Forbes Re, Coface, Generali, Marsh, Starr, Willis, HDFC Ergo, QBE and West P&I also made personnel changes over the last week.
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Bruce Ford joins Price Forbes Re as chief commercial officer for Asia and head of MGA
Joining from Miller, Singapore-based Ford will spearhead the broker's MGA practice across Asia.
Bruce Ford joins Price Forbes Re as chief commercial officer for Asia and head of MGA
Joining from Miller, Singapore-based Ford will spearhead the broker's MGA practice across Asia.
Joining from Miller, Singapore-based Ford will spearhead the broker's MGA practice across Asia.
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Exclusive: Munich Re ships Sompo veteran Koki Shiomi as marine underwriter in Japan
Shiomi will start from April and report to Justin Xu, regional head of marine Asia Pacific for the global reinsurer.
Exclusive: Munich Re ships Sompo veteran Koki Shiomi as marine underwriter in Japan
Shiomi will start from April and report to Justin Xu, regional head of marine Asia Pacific for the global reinsurer.
Shiomi will start from April and report to Justin Xu, regional head of marine Asia Pacific for the global reinsurer.
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Australian cyber market softening slows as threat level increases: Gallagher
Demand for cyber insurance in Australia is escalating following high-profile breaches and advances in technology, broker says.
Australian cyber market softening slows as threat level increases: Gallagher
Demand for cyber insurance in Australia is escalating following high-profile breaches and advances in technology, broker says.
Demand for cyber insurance in Australia is escalating following high-profile breaches and advances in technology, broker says.
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Petronas captive’s ratings downgraded as operating volatility persists: AM Best
Energas Insurance, which took a hit from a gas pipe explosion last year, has been affected by higher‑than‑expected large loss frequency, soft market and reserve strengthening.
Petronas captive’s ratings downgraded as operating volatility persists: AM Best
Energas Insurance, which took a hit from a gas pipe explosion last year, has been affected by higher‑than‑expected large loss frequency, soft market and reserve strengthening.
Energas Insurance, which took a hit from a gas pipe explosion last year, has been affected by higher‑than‑expected large loss frequency, soft market and reserve strengthening.
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QBE adds Joanna Balmer to New Zealand corporate team
Balmer, has over two decades of experience in the industry, joins from WTW.
QBE adds Joanna Balmer to New Zealand corporate team
Balmer, has over two decades of experience in the industry, joins from WTW.
Balmer, has over two decades of experience in the industry, joins from WTW.
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Opinion: Russian marine insurers in India look increasingly secure after US oil waiver
A brief sanctions reprieve and India’s interim extension to Russian insurers help sustain marine cover for Russian oil shipments, preserving trade flows between the two countries.
Opinion: Russian marine insurers in India look increasingly secure after US oil waiver
A brief sanctions reprieve and India’s interim extension to Russian insurers help sustain marine cover for Russian oil shipments, preserving trade flows between the two countries.
A brief sanctions reprieve and India’s interim extension to Russian insurers help sustain marine cover for Russian oil shipments, preserving trade flows between the two countries.
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Hannover Re’s APAC P&C revenue falls 14.3% to US$1.9bn
Reinsurer's group COR improved to 84%, with the net reinsurance service result rising to US$3bn.
Hannover Re’s APAC P&C revenue falls 14.3% to US$1.9bn
Reinsurer's group COR improved to 84%, with the net reinsurance service result rising to US$3bn.
Reinsurer's group COR improved to 84%, with the net reinsurance service result rising to US$3bn.
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Perils lowers Cyclone Alfred final insured losses estimate to US$1.34bn
Personal lines accounted for 70% of total industry losses, commercial lines 26%, and motor lines 4%.
Perils lowers Cyclone Alfred final insured losses estimate to US$1.34bn
Personal lines accounted for 70% of total industry losses, commercial lines 26%, and motor lines 4%.
Personal lines accounted for 70% of total industry losses, commercial lines 26%, and motor lines 4%.
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Generali Asia P&C operating profit drops to US$78.5m in FY25 as COR edges above 100%
The Italian insurer warned that Asia was most exposed to the Iran conflict due to Strait of Hormuz oil reliance.
Generali Asia P&C operating profit drops to US$78.5m in FY25 as COR edges above 100%
The Italian insurer warned that Asia was most exposed to the Iran conflict due to Strait of Hormuz oil reliance.
The Italian insurer warned that Asia was most exposed to the Iran conflict due to Strait of Hormuz oil reliance.
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HDFC Ergo promotes Parthanil Ghosh to MD and CEO
Mumbai-based Ghosh has been an executive director with the carrier since May 2025.
HDFC Ergo promotes Parthanil Ghosh to MD and CEO
Mumbai-based Ghosh has been an executive director with the carrier since May 2025.
Mumbai-based Ghosh has been an executive director with the carrier since May 2025.
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Iran conflict heightens specialty insurance tail risks: Moody’s
Beyond marine and aviation, PVT and SRCC coverage carries uncertainty, but insurers are enjoying strong demand and rate hikes, the rating agency said.
Iran conflict heightens specialty insurance tail risks: Moody’s
Beyond marine and aviation, PVT and SRCC coverage carries uncertainty, but insurers are enjoying strong demand and rate hikes, the rating agency said.
Beyond marine and aviation, PVT and SRCC coverage carries uncertainty, but insurers are enjoying strong demand and rate hikes, the rating agency said.
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Warburg Pincus weighs sale of Oona Insurance after buyer interest: Bloomberg
The private equity firm has hired Citigroup to review strategic opportunities for the Southeast Asian digital general insurer.
Warburg Pincus weighs sale of Oona Insurance after buyer interest: Bloomberg
The private equity firm has hired Citigroup to review strategic opportunities for the Southeast Asian digital general insurer.
The private equity firm has hired Citigroup to review strategic opportunities for the Southeast Asian digital general insurer.
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Questions mount over Trump’s touted US$20bn war facility for Gulf shipping
The extent of involvement from the international marine (re)insurance market is also unclear, given that the US agency said it will work ‘with preferred American insurance partners’.
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Captive momentum accelerates in Asia as firms look to close insurability gap
Despite a softening market, a growing number of companies are turning to captives to manage emerging exposures and fill gaps left by the traditional insurance market.
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P&I renewals on an even keel as lower claims, higher returns soften stance
Despite early fears of hardening conditions following a surge in pool claims, the 2026-27 renewals closed on a notably pragmatic tone prior to the outbreak of the war in Iran.
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‘It’s your battle. It’s your career’: regional leaders ponder incomplete progress as International Women’s Day shines light on equality, diversity
Zurich's Tulsi Naidu, Axa XL's Sylvie Gleise, WTW's Chiaki Tanaka, Coface's Grishma Kewada, Asia Insurance's Winnie Wong, and Howden's Shweta Swaroop spoke to InsuranceAsia News to mark International Women's Day.
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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Warburg Pincus weighs sale of Oona Insurance after buyer interest: Bloomberg
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Steadfast acquires food and beverage specialist broker Victual
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IRDAI clears Allianz Jio Re, Kiwi General to begin operations
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Ardonagh-backed Cornerstone Risk acquires Australia’s Cav Insure
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Jio Financial pumps US$16m into Allianz Jio Reinsurance
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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Bruce Ford joins Price Forbes Re as chief commercial officer for Asia and head of MGA
Joining from Miller, Singapore-based Ford will spearhead the broker's MGA practice across Asia.
-
Exclusive: Munich Re ships Sompo veteran Koki Shiomi as marine underwriter in Japan
Shiomi will start from April and report to Justin Xu, regional head of marine Asia Pacific for the global reinsurer.
-
QBE adds Joanna Balmer to New Zealand corporate team
Balmer, has over two decades of experience in the industry, joins from WTW.
-
HDFC Ergo promotes Parthanil Ghosh to MD and CEO
Mumbai-based Ghosh has been an executive director with the carrier since May 2025.
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MS&AD elevates Clemens Philippi to chief strategy officer for international business
Norihiro Tanaka will become chairman of MSIG Asia, succeeding Tetsuya Adachi, who 'will conclude his tenure with the group'.
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Aon Malaysia hires Generali’s Janice Wong as senior vice president for corporate
Wong was most recently head of broking at Generali Malaysia, where she worked for over 25 years, starting as an assistant general manager.
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Starr appoints Vivian Xiao Wei as China head of financial lines
Shanghai-based Xiao has 17 years of underwriting experience, with a strong background in financial lines.
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Gallagher strengthens India liability, claims teams with four senior hires
The broker has appointed Mayank Sharma as national head of liability, Sunny Goel as strategic business leader for liability and renewable energy, Jyoti Krishnan as chief legal officer and national head of liability and specialty claims, and Nadeem Mokashi as head of P&C claims.
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West P&I strengthens Korean presence with new consultancy agreement
WIK Marine Consultant's director S. R. Kim has been appointed as West P&I’s representative in South Korea.
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Lockton expands APAC transaction liability practice with senior hire
The broker has appointed Robert Whitworth as senior vice president for its Asia Pacific transaction liability practice in Singapore.
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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.
Development of Asia’s ILS market with Peak Re’s Iain Reynolds
Iain Reynolds, head of third party capital at Peak Re, talks to InsuranceAsia News about the development of Asia's ILS market
1.1 renewals takeaways and 2026 market outlook with Gallagher Re’s Mark O’Brien
Mark O'Brien, head of Asia Pacific at Gallagher Re, talks to InsuranceAsia News about the 1.1 renewals and the outlook for the market in 2026.
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