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‘We must challenge the status quo’: insurance cycle no longer fit for purpose, risk management chief warns
President Philippe Cotelle tells the Federation of European Risk Management Associations (Ferma) Forum 2026 in Rotterdam that insurers must change to remain relevant to global organisations.
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Canopius to takeover as Castle Insurance underwriter from QBE
The switch takes effect December 1, with the Australian MGA retaining policy administration and claims handling.
Canopius to takeover as Castle Insurance underwriter from QBE
The switch takes effect December 1, with the Australian MGA retaining policy administration and claims handling.
The switch takes effect December 1, with the Australian MGA retaining policy administration and claims handling.
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Meritz moving to sell 51% stake in Indonesian JV: report
Meritz Fire & Marine Insurance plans to reallocate proceeds from the sale of Meritz Korindo, its joint venture with South Korean-Indonesian multinational firm Korindo Group, to improve capital efficiency and boost corporate value.
Meritz moving to sell 51% stake in Indonesian JV: report
Meritz Fire & Marine Insurance plans to reallocate proceeds from the sale of Meritz Korindo, its joint venture with South Korean-Indonesian multinational firm Korindo Group, to improve capital efficiency and boost corporate value.
Meritz Fire & Marine Insurance plans to reallocate proceeds from the sale of Meritz Korindo, its joint venture with South Korean-Indonesian multinational firm Korindo Group, to improve capital efficiency and boost corporate value.
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Tower raises full-year earnings guidance on unused large event allowance
Kiwi insurer expects underlying net profit after tax (NPAT) of US$38.7-44.2 million for FY26.
Tower raises full-year earnings guidance on unused large event allowance
Kiwi insurer expects underlying net profit after tax (NPAT) of US$38.7-44.2 million for FY26.
Kiwi insurer expects underlying net profit after tax (NPAT) of US$38.7-44.2 million for FY26.
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Adnan Bhat joins Swiss Re CorSo as APAC global network manager
He joins the international programs team after almost six years at Munich Re’s India P&C division in Mumbai.
Adnan Bhat joins Swiss Re CorSo as APAC global network manager
He joins the international programs team after almost six years at Munich Re’s India P&C division in Mumbai.
He joins the international programs team after almost six years at Munich Re’s India P&C division in Mumbai.
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Axa XL promotes Paul Gardner to Asia underwriting manager for political risk, credit, bond
Based in Singapore, Gardner brings over 35 years of experience in structured finance and cross-border solutions spanning project finance, commodity finance, tax, leasing, export credit agencies, as well as advisory and workout solutions.
Axa XL promotes Paul Gardner to Asia underwriting manager for political risk, credit, bond
Based in Singapore, Gardner brings over 35 years of experience in structured finance and cross-border solutions spanning project finance, commodity finance, tax, leasing, export credit agencies, as well as advisory and workout solutions.
Based in Singapore, Gardner brings over 35 years of experience in structured finance and cross-border solutions spanning project finance, commodity finance, tax, leasing, export credit agencies, as well as advisory and workout solutions.
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Prudential agrees US$5bn reinsurance deal with Prismic Life
Agreement takes partnership to cover more than US$22bn of liabilities.
Prudential agrees US$5bn reinsurance deal with Prismic Life
Agreement takes partnership to cover more than US$22bn of liabilities.
Agreement takes partnership to cover more than US$22bn of liabilities.
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Jack Petrie relocates to head Marsh Thailand’s cyber practice
He spent the last three years as managing principal for Marsh in Melbourne.
Jack Petrie relocates to head Marsh Thailand’s cyber practice
He spent the last three years as managing principal for Marsh in Melbourne.
He spent the last three years as managing principal for Marsh in Melbourne.
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Daniel Rombach joins Great Eastern as VP for digital distribution platforms
Singapore-based Rombach makes the switch from Chubb, where he was most recently the accident and health product owner for Asia Pacific since April 2024.
Daniel Rombach joins Great Eastern as VP for digital distribution platforms
Singapore-based Rombach makes the switch from Chubb, where he was most recently the accident and health product owner for Asia Pacific since April 2024.
Singapore-based Rombach makes the switch from Chubb, where he was most recently the accident and health product owner for Asia Pacific since April 2024.
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South Korea’s nat cat claims under public insurance schemes top US$1bn in 2025: Korean Re
Claims paid under storm and earthquake insurance, crop disaster insurance, and livestock disaster insurance rose by 16.5% year on year.
South Korea’s nat cat claims under public insurance schemes top US$1bn in 2025: Korean Re
Claims paid under storm and earthquake insurance, crop disaster insurance, and livestock disaster insurance rose by 16.5% year on year.
Claims paid under storm and earthquake insurance, crop disaster insurance, and livestock disaster insurance rose by 16.5% year on year.
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Everest names Adrian Di Pasquale as APAC financial lines director for wholesale, specialty
Singapore-based Di Pasquale joins from Chubb, where he served as Southeast Asia financial lines underwriting manager since April 2025.
Everest names Adrian Di Pasquale as APAC financial lines director for wholesale, specialty
Singapore-based Di Pasquale joins from Chubb, where he served as Southeast Asia financial lines underwriting manager since April 2025.
Singapore-based Di Pasquale joins from Chubb, where he served as Southeast Asia financial lines underwriting manager since April 2025.
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Bajaj Finserv picks ex-GIC chairman Ramaswamy Narayanan to lead reinsurance foray: report
He stepped down from GIC Re in September following almost three years as chairman and managing director.
Bajaj Finserv picks ex-GIC chairman Ramaswamy Narayanan to lead reinsurance foray: report
He stepped down from GIC Re in September following almost three years as chairman and managing director.
He stepped down from GIC Re in September following almost three years as chairman and managing director.
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Ex-Lloyds chief John Neal joins software developer LUSYi
He returns to the industry after a hiatus, following a tumultuous period that saw planned moves to Aon and AIG unravel amid a Lloyd's investigation.
Ex-Lloyds chief John Neal joins software developer LUSYi
He returns to the industry after a hiatus, following a tumultuous period that saw planned moves to Aon and AIG unravel amid a Lloyd's investigation.
He returns to the industry after a hiatus, following a tumultuous period that saw planned moves to Aon and AIG unravel amid a Lloyd's investigation.
Popular posts:
- Marsh promotes Thailand’s Derek Heng to Asean CEO, Peta Latimer takes Singapore helm
- Thailand floods, Typhoon Dujuan test Asia’s flood cover and business interruption exposure
- Japan watchdog moves to suspend Prudential Life Insurance over fraud scandal
- Simon Global launches Singapore-based reinsurance broker
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El Nino changes risk conversation as Australian insurers scrutinise bushfire, flood exposure
Industry sources say pricing and reinsurance are set with a longer-term view, with catastrophe models and scenario testing informing risk assessment rather than adjustments to individual climate cycles.
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As APAC risk transfer market opens up, Marsh Re eyes parametric wind, bushfire cover
Broker's Raincell flood solution for Australia signals broader parametric push, head of Catastrophe Advisory in Asia Pacific Jeremy Waite tells InsuranceAsia News.
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Marine war risk challenges require central solution as mounting losses expose claims gaps: Markel
Head of claims for Asia Bo Yu tells InsuranceAsia News that the 98 vessels that have been attacked in the Strait of Hormuz since February are driving calls for greater collaboration between hull insurers and P&I clubs.
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Thailand floods, Typhoon Dujuan test Asia’s flood cover and business interruption exposure
Loss adjusters tell InsuranceAsia News that extreme rainfall is emerging as a major loss driver across Asia, driving motor, property and business interruption claims.
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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Asia emerges as international programs hub as regional firms centralise risk management: HDI Global
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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
M&A
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Meritz moving to sell 51% stake in Indonesian JV: report
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Gallagher strikes deal to acquire Kiwi broker Albany Insurance Services
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KDIC, OK Financial set to conclude negotiations over YeByeol Non-Life Insurance deal: reports
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Marsh Japan completes Eneos acquisition, Hiroyuki Hata to lead rebranded agency
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Suncorp denies Tokio Marine takeover talks in stock market response
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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Captive insurance has evolved from niche tool to strategic risk infrastructure in Asia, with connected claims data seen as key to unlocking its full value.
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Are insurers capturing full value from the asset class? BlackRock shares its perspective.
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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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Adnan Bhat joins Swiss Re CorSo as APAC global network manager
He joins the international programs team after almost six years at Munich Re’s India P&C division in Mumbai.
-
Axa XL promotes Paul Gardner to Asia underwriting manager for political risk, credit, bond
Based in Singapore, Gardner brings over 35 years of experience in structured finance and cross-border solutions spanning project finance, commodity finance, tax, leasing, export credit agencies, as well as advisory and workout solutions.
-
Jack Petrie relocates to head Marsh Thailand’s cyber practice
He spent the last three years as managing principal for Marsh in Melbourne.
-
Daniel Rombach joins Great Eastern as VP for digital distribution platforms
Singapore-based Rombach makes the switch from Chubb, where he was most recently the accident and health product owner for Asia Pacific since April 2024.
-
Everest names Adrian Di Pasquale as APAC financial lines director for wholesale, specialty
Singapore-based Di Pasquale joins from Chubb, where he served as Southeast Asia financial lines underwriting manager since April 2025.
-
Bajaj Finserv picks ex-GIC chairman Ramaswamy Narayanan to lead reinsurance foray: report
He stepped down from GIC Re in September following almost three years as chairman and managing director.
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Ex-Lloyds chief John Neal joins software developer LUSYi
He returns to the industry after a hiatus, following a tumultuous period that saw planned moves to Aon and AIG unravel amid a Lloyd's investigation.
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Axa XL elevates Thomas Gotting to chief client, distribution officer for APAC and Europe
Gotting, who is based in Cologne, will lead Axa XL's client and distribution strategy across Europe, Asia and Australia.
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Steamship promotes Peter Jones to underwriting director in Singapore
Prior to joining the P&I club as an underwriting manager a year ago, he worked for Thomas Miller and UK P&I for over 16 years in total.
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Chaucer taps Victoria Tan as property direct, facultative underwriter
She has held senior leadership roles with Munich Re, AIG, Swiss Re and Chubb across Asia and the US.
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Risk management: "Adequate liability limits are therefore an essential component of risk management for high-hazard operations."
Marc Burban, Asian Risks Management Services
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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.
‘Right time for Hong Kong to push captive ambition’: Willis’ Steve Hutchinson
Steve Hutchinson, head of corporate risk and broking for Hong Kong and Macau at Willis, tells InsuranceAsia News about the ongoing evolution of Hong Kong’s captives regime and how multinational corporations are adapting their risk management strategies.
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.
Claims: "In a region as diverse as Asia, understanding how insurance is intended to respond in practice can be just as important as understanding what the policy covers."
Pavlos Spyropoulos, Tokio Marine Kiln