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Munich Re cut book by 18.5% at 1.4 renewals as market softens
Reinsurer 'systematically' pulled back from business that did not meet its pricing expectations during the April 1 renewals.
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Russell Hails to lead Gallagher Re’s APAC MGA solutions team
Hails has been with Gallagher Re since September.
Russell Hails to lead Gallagher Re’s APAC MGA solutions team
Hails has been with Gallagher Re since September.
Hails has been with Gallagher Re since September.
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Swiss Re elevates Australia, New Zealand CEO Trent Thomson to global specialty head
Thomson, who succeeds Anne Lohbeck, will be based in London.
Swiss Re elevates Australia, New Zealand CEO Trent Thomson to global specialty head
Thomson, who succeeds Anne Lohbeck, will be based in London.
Thomson, who succeeds Anne Lohbeck, will be based in London.
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Sedgwick appoints Keith Lee as executive director for energy and global specialty
Singapore-based Lee was most recently regional director for natural resources for Asia at Charles Taylor, where he had been since 2014.
Sedgwick appoints Keith Lee as executive director for energy and global specialty
Singapore-based Lee was most recently regional director for natural resources for Asia at Charles Taylor, where he had been since 2014.
Singapore-based Lee was most recently regional director for natural resources for Asia at Charles Taylor, where he had been since 2014.
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Envest names Norm Casamento as head of technical motor claims
Sydney-based Casamento joins from QBE Insurance, where he spent over a decade in claims roles.
Envest names Norm Casamento as head of technical motor claims
Sydney-based Casamento joins from QBE Insurance, where he spent over a decade in claims roles.
Sydney-based Casamento joins from QBE Insurance, where he spent over a decade in claims roles.
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South Korea’s deposit insurance corporation launches re-bidding for Yebyeol Insurance
Only Korea Investment Holdings previously submitted a bid for the bridge insurer of troubled carrier MG Non-Life Insurance.
South Korea’s deposit insurance corporation launches re-bidding for Yebyeol Insurance
Only Korea Investment Holdings previously submitted a bid for the bridge insurer of troubled carrier MG Non-Life Insurance.
Only Korea Investment Holdings previously submitted a bid for the bridge insurer of troubled carrier MG Non-Life Insurance.
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Malaysia’s RHB reopens talks to sell insurance unit to Tokio Marine
Bank secures approval from the central bank to enter into negotiations with Tokio Marine Asia on the potential sale of its general insurance unit.
Malaysia’s RHB reopens talks to sell insurance unit to Tokio Marine
Bank secures approval from the central bank to enter into negotiations with Tokio Marine Asia on the potential sale of its general insurance unit.
Bank secures approval from the central bank to enter into negotiations with Tokio Marine Asia on the potential sale of its general insurance unit.
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IAG highlights 2030 ambition with new strategy, financial targets
Australian insurer plans to reach US$18.1bn in gross written premium by 2030 and serve more than 11 million customers.
IAG highlights 2030 ambition with new strategy, financial targets
Australian insurer plans to reach US$18.1bn in gross written premium by 2030 and serve more than 11 million customers.
Australian insurer plans to reach US$18.1bn in gross written premium by 2030 and serve more than 11 million customers.
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Sompo appoints Gally Wong senior construction underwriter for Hong Kong, Macau, and Taiwan
Hong Kong-based Wong will report to Szeto Ophelia, head of property and construction for Hong Kong, Macau, and Taiwan.
Sompo appoints Gally Wong senior construction underwriter for Hong Kong, Macau, and Taiwan
Hong Kong-based Wong will report to Szeto Ophelia, head of property and construction for Hong Kong, Macau, and Taiwan.
Hong Kong-based Wong will report to Szeto Ophelia, head of property and construction for Hong Kong, Macau, and Taiwan.
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Australia records US$193.5m in insured losses from 2025-26 tropical cyclone season: ARPC
Australian Reinsurance Pool Corporation (ARPC) chief executive Christopher Wallace says the season was one of the most active in recent years, but that losses remained within expectations.
Australia records US$193.5m in insured losses from 2025-26 tropical cyclone season: ARPC
Australian Reinsurance Pool Corporation (ARPC) chief executive Christopher Wallace says the season was one of the most active in recent years, but that losses remained within expectations.
Australian Reinsurance Pool Corporation (ARPC) chief executive Christopher Wallace says the season was one of the most active in recent years, but that losses remained within expectations.
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Tokio Marine Newa’s capitalisation to strengthen on profit retention, shareholder injections: AM Best
The rating agency assigned an A (Excellent) financial strength rating with a stable outlook to the Taiwanese carrier.
Tokio Marine Newa’s capitalisation to strengthen on profit retention, shareholder injections: AM Best
The rating agency assigned an A (Excellent) financial strength rating with a stable outlook to the Taiwanese carrier.
The rating agency assigned an A (Excellent) financial strength rating with a stable outlook to the Taiwanese carrier.
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RiskPoint appoints Allen Ng as tax underwriter in Singapore
He brings has over 20 years of experience advising throughout APAC and emerging markets.
RiskPoint appoints Allen Ng as tax underwriter in Singapore
He brings has over 20 years of experience advising throughout APAC and emerging markets.
He brings has over 20 years of experience advising throughout APAC and emerging markets.
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Hannover Re grew premium by 18.8% during 1.4 renewals
German reinsurer reaffirmed its 2026 financial targets following a strong first quarter.
Hannover Re grew premium by 18.8% during 1.4 renewals
German reinsurer reaffirmed its 2026 financial targets following a strong first quarter.
German reinsurer reaffirmed its 2026 financial targets following a strong first quarter.
Popular posts:
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BESS’ ‘most favourable market conditions’, but fire and transformer risks keep APAC underwriters on edge
Surging capacity and better data are softening the region's market, but fire risk, equipment failures and evolving standards continue to test underwriting discipline.
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‘Insurance can play a significant role in removing uncertainty’: underwriters seek to unlock 2026 carbon credit market
Demand for carbon offsets is rising — but without insurance, analysts warn many credits may never reach the market.
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‘Catastrophic failure’ risk looms amid warning Shanghai floods could expand 80% by 2100
Study shows China's international financial hub requires layered defences, but also that the risk of a 'catastrophic failure' is real.
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Baltimore bridge loss reserve hits US$2.8bn, topping Costa Concordia; Q2 marine reserving at risk
US State of Maryland settles with MV Dali's owner and operator but not shipbuilder Hyundai, as the bridge collapse loss estimate rises to the largest marine insured loss ever.
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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‘Expectation vs. experience is the opportunity’: Vietnam’s TCGIns doubles down on AI, health, SME insurance
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Tokio Marine GX ‘treading carefully’ on Singapore entry as market softens, chairman says
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Igloo charts next growth phase with international M&A, AI-native overhaul, category expansion
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HDI Global sees ‘substantial’ opportunity for Southeast Asia renewables, charts a new hope for the region’s energy future
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Fundamentals’ driving APAC’s asset-intensive reinsurance growth, with ample runway ahead: Aon
M&A
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South Korea’s deposit insurance corporation launches re-bidding for Yebyeol Insurance
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Malaysia’s RHB reopens talks to sell insurance unit to Tokio Marine
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vrs Adjusters takes next step in international growth with Malaysia tie-up
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Aviso expands Western Australia business with Wray Insurance Services acquisition
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Hillhouse reaches deal to acquire Marsh-owned high-net-worth broker in Asia
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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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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A soft market presents organisations with opportunities to strengthen resilience, although the abundance of capacity is unlikely to persist.
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Russell Hails to lead Gallagher Re’s APAC MGA solutions team
Hails has been with Gallagher Re since September.
-
Swiss Re elevates Australia, New Zealand CEO Trent Thomson to global specialty head
Thomson, who succeeds Anne Lohbeck, will be based in London.
-
Sedgwick appoints Keith Lee as executive director for energy and global specialty
Singapore-based Lee was most recently regional director for natural resources for Asia at Charles Taylor, where he had been since 2014.
-
Envest names Norm Casamento as head of technical motor claims
Sydney-based Casamento joins from QBE Insurance, where he spent over a decade in claims roles.
-
Sompo appoints Gally Wong senior construction underwriter for Hong Kong, Macau, and Taiwan
Hong Kong-based Wong will report to Szeto Ophelia, head of property and construction for Hong Kong, Macau, and Taiwan.
-
RiskPoint appoints Allen Ng as tax underwriter in Singapore
He brings has over 20 years of experience advising throughout APAC and emerging markets.
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Sompo confirms Kelvin Woo as chief distribution officer for Hong Kong, Macau and Taiwan
His appointment was first reported by InsuranceAsia News last month.
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MSIG Australia hires Doron Grossman as claims manager for partner distribution
Sydney-based Grossman brings over 40 years of insurance experience, including almost 18 years at QBE.
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MS Amlin appoints duo to senior Singapore claims roles
Joyceline Tay and Hung Wei Ng join the specialty (re)insurer as senior claims analysts.
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Howden Philippines hires Cyndi Villamor as chief client officer for corporate risk services
She returns to broking after over a decade at AIG.
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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.
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.
Growth opportunity for renewables across the region substantial: HDI Global’s Haris Michaels
Haris Michaels, head of energy and power at HDI Global Singapore, talks to InsuranceAsia News about the evolution of Southeast Asia's energy insurance 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