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‘Asia is no exception’: record capital to fuel reinsurer M&A surge
Laurent Rousseau, CEO of global capital and advisory, Europe and India, Middle East and Africa at Marsh Re, says Northeast Asia could be a driver of consolidation, while Australia will play a big role.
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Marsh Re appoints Andrew Hare as Japan CEO
He will assume the role from January 1, succeeding Jeremy Fox, who continues as chairman for Asia Pacific.
Marsh Re appoints Andrew Hare as Japan CEO
He will assume the role from January 1, succeeding Jeremy Fox, who continues as chairman for Asia Pacific.
He will assume the role from January 1, succeeding Jeremy Fox, who continues as chairman for Asia Pacific.
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Samsung Fire & Marine prepares to take control of Canopius: report
Samsung's P&C insurer is nearing a deal to lift its stake in the specialty Lloyd’s (re)insurer to more than 90%, according to reports.
Samsung Fire & Marine prepares to take control of Canopius: report
Samsung's P&C insurer is nearing a deal to lift its stake in the specialty Lloyd’s (re)insurer to more than 90%, according to reports.
Samsung's P&C insurer is nearing a deal to lift its stake in the specialty Lloyd’s (re)insurer to more than 90%, according to reports.
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Descartes, Generali GC&C renew ‘truly symbiotic’ strategic partnership
Expanding on their 2019 partnership, the renewal secures a a durable, long-term framework to further strengthen the partners’ position in the global parametric insurance market.
Descartes, Generali GC&C renew ‘truly symbiotic’ strategic partnership
Expanding on their 2019 partnership, the renewal secures a a durable, long-term framework to further strengthen the partners’ position in the global parametric insurance market.
Expanding on their 2019 partnership, the renewal secures a a durable, long-term framework to further strengthen the partners’ position in the global parametric insurance market.
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S&P maintains stable outlook for reinsurance sector despite further softening in 2027
Global reinsurers face a delicate balancing acts as softening rates eat into the sector's strong profitability.
S&P maintains stable outlook for reinsurance sector despite further softening in 2027
Global reinsurers face a delicate balancing acts as softening rates eat into the sector's strong profitability.
Global reinsurers face a delicate balancing acts as softening rates eat into the sector's strong profitability.
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Taiwan’s non-life insurers hold steady amid regulatory overhaul: AM Best
Ratings agency maintains a stable outlook for the segment, reflecting the implementation of major regulatory frameworks, insurers' conservative asset allocation, and resilient balance sheets.
Taiwan’s non-life insurers hold steady amid regulatory overhaul: AM Best
Ratings agency maintains a stable outlook for the segment, reflecting the implementation of major regulatory frameworks, insurers' conservative asset allocation, and resilient balance sheets.
Ratings agency maintains a stable outlook for the segment, reflecting the implementation of major regulatory frameworks, insurers' conservative asset allocation, and resilient balance sheets.
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Marsh promotes Rama Sentousa to Singapore COO
He was most recently COO of Marsh Risk Singapore,
Marsh promotes Rama Sentousa to Singapore COO
He was most recently COO of Marsh Risk Singapore,
He was most recently COO of Marsh Risk Singapore,
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Axa XL Re taps ex-Scor CUO Augustin Gas as Asia head
Singapore-based Gas will oversee client and broker relationships across Asia and manage the carrier’s regional book.
Axa XL Re taps ex-Scor CUO Augustin Gas as Asia head
Singapore-based Gas will oversee client and broker relationships across Asia and manage the carrier’s regional book.
Singapore-based Gas will oversee client and broker relationships across Asia and manage the carrier’s regional book.
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Peak Re hires Natt Wattanaumphaipong as global head of distribution, Sanjiv Agarwal as head of operations
Wattanaumphaipong joins from Great American Insurance in Singapore, while Agarwal moves after a decade at Swiss Re.
Peak Re hires Natt Wattanaumphaipong as global head of distribution, Sanjiv Agarwal as head of operations
Wattanaumphaipong joins from Great American Insurance in Singapore, while Agarwal moves after a decade at Swiss Re.
Wattanaumphaipong joins from Great American Insurance in Singapore, while Agarwal moves after a decade at Swiss Re.
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Nepal flood claims top US$170m as death toll surpasses 1,100
Oriental Insurance receives the highest claim volume, while engineering and construction risk policies have taken the hardest hit.
Nepal flood claims top US$170m as death toll surpasses 1,100
Oriental Insurance receives the highest claim volume, while engineering and construction risk policies have taken the hardest hit.
Oriental Insurance receives the highest claim volume, while engineering and construction risk policies have taken the hardest hit.
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Coface promotes Jason Tan to head of commercial for Malaysia
Kuala Lumpur-based Tan joined Coface almost six years ago, and was most recently managing commercial operations and marketing for Malaysia, Indonesia and the Philippines.
Coface promotes Jason Tan to head of commercial for Malaysia
Kuala Lumpur-based Tan joined Coface almost six years ago, and was most recently managing commercial operations and marketing for Malaysia, Indonesia and the Philippines.
Kuala Lumpur-based Tan joined Coface almost six years ago, and was most recently managing commercial operations and marketing for Malaysia, Indonesia and the Philippines.
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Ageas Re hires Steve Cipriani as senior APAC property treaty underwriter
He relocates from Singapore to Zurich following six months as a treaty underwriter at Sompo.
Ageas Re hires Steve Cipriani as senior APAC property treaty underwriter
He relocates from Singapore to Zurich following six months as a treaty underwriter at Sompo.
He relocates from Singapore to Zurich following six months as a treaty underwriter at Sompo.
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PICC P&C terminates PIB brokerage pact, shifts mandate to ZSIB
Move comes as PICC Group plans to exit the wholly-owned intermediary in third-party sale.
PICC P&C terminates PIB brokerage pact, shifts mandate to ZSIB
Move comes as PICC Group plans to exit the wholly-owned intermediary in third-party sale.
Move comes as PICC Group plans to exit the wholly-owned intermediary in third-party sale.
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Has the market learned its lesson? Questions remain over P&C reserve adequacy as ratings continue to deteriorate
A quarter-century after Independent Insurance’s collapse, P&C reserve adequacy is back in focus as rates fall and capital questions mount.
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Nepal flash floods insured losses could top US$1bn, spilling into reinsurance
Major international and regional reinsurers, including Hannover Re, GIC Re, Saudi Re, and Kenya Re, face material exposures via direct and retrocession programs.
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Product recall market to swerve loss over Tesla’s China hidden door handle snafu
Over four million vehicles are affected in China’s biggest-ever car recall, which also includes vehicles from Chinese carmakers XPeng, Xiaomi and Geely.
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US$750bn APAC data centre build forces underwriting rethink: Willis
While capacity remains available, insurers are becoming more selective in assessing the risks, Lay See Ong, digital infrastructure industry leader for Asia at Willis, tells InsuranceAsia News' Between the Lines podcast.
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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‘Good times’ for India’s reinsurance buyers despite rising El Nino climate risk: Edme’s Vinod Krishnan
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‘Ripe for real growth’: Lloyd’s insurer Aegis making Asia Pacific cyber moves
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‘Challenges are opportunities’: IUMI president-elect urges insurers to play a larger role in supporting maritime resilience
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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
M&A
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Samsung Fire & Marine prepares to take control of Canopius: report
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‘Asia is no exception’: record capital to fuel reinsurer M&A surge
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QBE completes sale of trade credit and surety business to Swiss Re CorSo
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Tokio Marine HCC International acquires UK commercial motor specialist Direct Commercial
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Tokio Marine identifies Suncorp as preferred takeover target: report
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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To stay relevant, insurers should engage caregivers earlier with solutions that combine protection, navigation support, and preventative planning.
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Asia's subsea industry is expanding and evolving rapidly, with the growing use of technology across the region changing the way risks are be assessed.
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Marsh Re appoints Andrew Hare as Japan CEO
He will assume the role from January 1, succeeding Jeremy Fox, who continues as chairman for Asia Pacific.
-
Marsh promotes Rama Sentousa to Singapore COO
He was most recently COO of Marsh Risk Singapore,
-
Axa XL Re taps ex-Scor CUO Augustin Gas as Asia head
Singapore-based Gas will oversee client and broker relationships across Asia and manage the carrier’s regional book.
-
Peak Re hires Natt Wattanaumphaipong as global head of distribution, Sanjiv Agarwal as head of operations
Wattanaumphaipong joins from Great American Insurance in Singapore, while Agarwal moves after a decade at Swiss Re.
-
Coface promotes Jason Tan to head of commercial for Malaysia
Kuala Lumpur-based Tan joined Coface almost six years ago, and was most recently managing commercial operations and marketing for Malaysia, Indonesia and the Philippines.
-
Ageas Re hires Steve Cipriani as senior APAC property treaty underwriter
He relocates from Singapore to Zurich following six months as a treaty underwriter at Sompo.
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Zurich bolsters APAC commercial leadership with key hires in Singapore
Patrick Fyson joins as head of property for Asia, while Dylan Bryant returns to a newly created role leading the carrier's multinational and captives business across Asia Pacific.
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Aon Australia promotes Hayley Pettit to chief broking officer for specialty
She will also continue to lead the Queensland financial institutions team.
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360 Underwriting Solutions hires Ben Church as general manager for commercial classes
Sydney-based Church joins from Allianz, where he spent over 13 years across a range of senior distribution roles, most recently as general manager of distribution.
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Generali Central Insurance appoints Prem Sivadas as chief commercial officer
Mumbai-based Sivadas will lead the corporate sales function, with a focus on strengthening broker partnerships and expanding corporate portfolios, including Generali Corporate and Commercial.
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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 GWP growth stalls at US$1.2bn in 2025, but underwriting gain soars 24%
Monetary Authority of Singapore filings show premium growth flatlined after a 17% jump the year before, even as it posted stronger underwriting gains and a 10% increase in net profit.
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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.
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