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Vietnam’s new construction insurance rule shifts market from box-ticking to essential risk management
Insurers must shift their focus beyond pricing for sustainable growth in one of Southeast Asia’s most active construction markets, sources tell InsuranceAsia News.
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Gallagher Australia taps Pakize Ceker as national faith claims manager
She formerly worked for Marsh, Catholic Church Insurance and IAG.
Gallagher Australia taps Pakize Ceker as national faith claims manager
She formerly worked for Marsh, Catholic Church Insurance and IAG.
She formerly worked for Marsh, Catholic Church Insurance and IAG.
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QBE Australia appoints Tim Trandafilu as head of farm
Sydney-based Trandafilu joins from Aon, where he spent seven years leading the agribusiness.
QBE Australia appoints Tim Trandafilu as head of farm
Sydney-based Trandafilu joins from Aon, where he spent seven years leading the agribusiness.
Sydney-based Trandafilu joins from Aon, where he spent seven years leading the agribusiness.
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Vietnam’s sovereign wealth fund to maintain Bao Minh Insurance, VinaRe stakes as part of restructuring plan
State Capital Investment Corporation holds a 50.7% stake in Bao Minh Insurance and a 40.36% stake in VinaRe.
Vietnam’s sovereign wealth fund to maintain Bao Minh Insurance, VinaRe stakes as part of restructuring plan
State Capital Investment Corporation holds a 50.7% stake in Bao Minh Insurance and a 40.36% stake in VinaRe.
State Capital Investment Corporation holds a 50.7% stake in Bao Minh Insurance and a 40.36% stake in VinaRe.
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MSIG Singapore paid US$104m in claims in 2025
Insurer recorded a 94% claims settlement ratio last year, according to its first claims report for the city state.
MSIG Singapore paid US$104m in claims in 2025
Insurer recorded a 94% claims settlement ratio last year, according to its first claims report for the city state.
Insurer recorded a 94% claims settlement ratio last year, according to its first claims report for the city state.
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Crawford strengthens Australia leadership with appointments across property, specialty, client teams
Loss adjuster promotes Justin McEwan and Lucas Bressanutti and hires Amy Kane and Joshua Boyd.
Crawford strengthens Australia leadership with appointments across property, specialty, client teams
Loss adjuster promotes Justin McEwan and Lucas Bressanutti and hires Amy Kane and Joshua Boyd.
Loss adjuster promotes Justin McEwan and Lucas Bressanutti and hires Amy Kane and Joshua Boyd.
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Amwins, Dragoneer, KKR enter ‘final stages’ of US$5.4bn Steadfast takeover
Exclusivity period for the consortium has been extended again to Friday to allow for work on the bid to be completed.
Amwins, Dragoneer, KKR enter ‘final stages’ of US$5.4bn Steadfast takeover
Exclusivity period for the consortium has been extended again to Friday to allow for work on the bid to be completed.
Exclusivity period for the consortium has been extended again to Friday to allow for work on the bid to be completed.
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7.7-magnitude earthquake jolts eastern Indonesia, causes widespread damage, fatalities
Death toll rises to 51, with approximately 1,300 homes damaged.
7.7-magnitude earthquake jolts eastern Indonesia, causes widespread damage, fatalities
Death toll rises to 51, with approximately 1,300 homes damaged.
Death toll rises to 51, with approximately 1,300 homes damaged.
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Protec General Insurance appoints Subramanyam Brahmajosyula as head of underwriting, reinsurance
Appointment follows the M Pallonji-backed general insurer being granted a general insurance license at the end of July.
Protec General Insurance appoints Subramanyam Brahmajosyula as head of underwriting, reinsurance
Appointment follows the M Pallonji-backed general insurer being granted a general insurance license at the end of July.
Appointment follows the M Pallonji-backed general insurer being granted a general insurance license at the end of July.
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Full Capacity: Capital, competition and the cycle
This week's newsletter also discusses a regulatory update, P&I clubs cancelling cover, a nat cat update, a m&a spotlight, TasInsure, IAG's litigation overhang and shipbuilding risks.
Full Capacity: Capital, competition and the cycle
This week's newsletter also discusses a regulatory update, P&I clubs cancelling cover, a nat cat update, a m&a spotlight, TasInsure, IAG's litigation overhang and shipbuilding risks.
This week's newsletter also discusses a regulatory update, P&I clubs cancelling cover, a nat cat update, a m&a spotlight, TasInsure, IAG's litigation overhang and shipbuilding risks.
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Aon, Suncorp, QBE, WTW, Aviso Specialty: 18 APAC insurance people moves of the week
HKIA, MSIG, Etiqa, Integra Technical Services, Howden, Edgewise Insurance Brokers, QIB Group, PICC, Sompo, Marsh, Swiss Re, bolttech, Lockton, UK P&I Club, Malayan Adjustment and Dual also made personnel changes over the last week.
Aon, Suncorp, QBE, WTW, Aviso Specialty: 18 APAC insurance people moves of the week
HKIA, MSIG, Etiqa, Integra Technical Services, Howden, Edgewise Insurance Brokers, QIB Group, PICC, Sompo, Marsh, Swiss Re, bolttech, Lockton, UK P&I Club, Malayan Adjustment and Dual also made personnel changes over the last week.
HKIA, MSIG, Etiqa, Integra Technical Services, Howden, Edgewise Insurance Brokers, QIB Group, PICC, Sompo, Marsh, Swiss Re, bolttech, Lockton, UK P&I Club, Malayan Adjustment and Dual also made personnel changes over the last week.
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Howden adds Sonija Cheng to Hong Kong financial lines team
She joins as a director following over seven years at Willis.
Howden adds Sonija Cheng to Hong Kong financial lines team
She joins as a director following over seven years at Willis.
She joins as a director following over seven years at Willis.
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Clement Cheung reappointed Hong Kong Insurance Authority CEO for three-year term
He will serve through until August 2029 having led the regulator since 2018.
Clement Cheung reappointed Hong Kong Insurance Authority CEO for three-year term
He will serve through until August 2029 having led the regulator since 2018.
He will serve through until August 2029 having led the regulator since 2018.
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Strait of Hormuz, Red Sea, Black Sea attacks force war underwriters to get ‘hands-on’ as market fragments
Underwriters are now pricing each voyage in real time - relying on intelligence, not just history, to navigate a fractured market shaped by proxy actors, terrorism, sanctions and cyber threats.
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Australia’s bird flu outbreak prompts livestock insurance warning for APAC farmers
Brokers say cover is often sub-limited to provide a proportion of the full limit, which allows insurers to limit their exposure.
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‘Major risk modifier’ El Nino forces energy insurance rethink
As events intensify across Asia Pacific, insurers are moving beyond conventional underwriting to address shifting risk profiles, from hydropower disruptions to supply chain vulnerabilities, industry sources told InsuranceAsia News.
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Asia shipbuilding boom exposes new fault lines for insurers
A surge in newbuild orders is attracting fresh capacity and driving down rates, but concentrated Asian exposures, and increasingly complex risks tied to supply chains, alternative fuels and contractual delays are testing insurers’ appetite and accumulation controls.
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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Supply outstripping demand, but El Nino, Middle East headwinds could shift market: Guy Carpenter’s Tony Gallagher
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BP Marsh homes in on ‘tremendous opportunities’ in APAC insurance distribution niche
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AI rollout, war impacts to drive specialty innovation in greater China: Markel’s Chelsea Jiang
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Hong Kong’s first virtual insurer eyes Malaysia-led Southeast Asia push after hitting ‘critical’ US$100m revenue milestone
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‘Forerunners in the unforeseeable’: Knightcorp challenges the status quo in Australia’s consolidated insurance market
M&A
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Vietnam’s sovereign wealth fund to maintain Bao Minh Insurance, VinaRe stakes as part of restructuring plan
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Amwins, Dragoneer, KKR enter ‘final stages’ of US$5.4bn Steadfast takeover
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Kyobo Life eyes Axa Korea takeover to re-enter non-life market: report
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Malaysian Re parent to sell takaful business to Bank Rakyat in US$400m deal
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Maybank to take full control of insurer Etiqa from Ageas
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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Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models.
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Gallagher Australia taps Pakize Ceker as national faith claims manager
She formerly worked for Marsh, Catholic Church Insurance and IAG.
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QBE Australia appoints Tim Trandafilu as head of farm
Sydney-based Trandafilu joins from Aon, where he spent seven years leading the agribusiness.
-
Crawford strengthens Australia leadership with appointments across property, specialty, client teams
Loss adjuster promotes Justin McEwan and Lucas Bressanutti and hires Amy Kane and Joshua Boyd.
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Protec General Insurance appoints Subramanyam Brahmajosyula as head of underwriting, reinsurance
Appointment follows the M Pallonji-backed general insurer being granted a general insurance license at the end of July.
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Howden adds Sonija Cheng to Hong Kong financial lines team
She joins as a director following over seven years at Willis.
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Clement Cheung reappointed Hong Kong Insurance Authority CEO for three-year term
He will serve through until August 2029 having led the regulator since 2018.
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bolttech taps ‘accomplished leader’ Rohith Murthy as Malaysia GM
He brings more than 20 years of experience in digital financial services, banking and product innovation across Asia and Europe.
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Etiqa Insurance Singapore promotes Claudia Soh as CEO
She has been serving as acting chief executive officer while also holding her role as chief financial officer for the last six months.
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Hong Kong to reappoint Clement Cheung as Insurance Authority chief: report
Cheung, who has led the regulator since 2018, is due to complete his current three-year term on Friday.
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Lockton hires Shrungar Bhuva as VP for transaction liability in India
Bhuva has nearly seven years of experience advising institutional organisations, financial sponsors, sovereign wealth funds, and multinational organisations on complex public and private market transactions.
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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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US$100bn cat bond market ‘in reach’ as 2026 heads for record issuance: Gallagher Re
Strong demand from investors for new perils and for risk from underrepresented regions such as Asia Pacific, according to Jason Bolding, CEO of Gallagher Securities.
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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.
Supply outstripping demand, but headwinds could shift market: Guy Carpenter’s Tony Gallagher
Tony Gallagher, CEO of Asia Pacific at Guy Carpenter, speaks to InsuranceAsia News about the ongoing reinsurance market softening and the forces shaping loss activity and reinsurance buying in the region.
Marine market held its nerve through ‘strange and acute’ Middle East crisis: Markel’s Chelsea Jiang
Chelsea Jiang, managing director greater China at Markel International, discusses the Lloyd’s carrier’s ambitions in the region and how the marine insurance market responded to the crisis in the Strait of Hormuz.
Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services