Reinsurance News
Asia reinsurance news
Read our Asia focused insurance or reinsurance news and analysis below. The Asia market is a key area of expansion for global insurance and reinsurance players, while also being home to some of the largest companies in the market.
WTW combines Asia & Australasia operations
12th January 2023
WTW has announced the combination of its Asia and Australasia operations into one Asia Pacific region, effective 1 January 2023. As part of the combination, former Head of Australasia Simon Weaver has taken on the new role as Head of Asia Pacific, with Clare Muhiudeen to retire as Head of Asia ... Read the full article
IRDAI pushing reforms to develop India as a reinsurance hub: Swiss Re
6th January 2023
Analysts at the Swiss Re Institute have suggested that the Insurance Regulatory and Development Authority of India (IRDAI) is pushing for reforms to develop the country into a reinsurance hub. Regulatory developments and digitalisation should foster support for re/insurance market sector growth, says Swiss Re. The firm's analysts note a series ... Read the full article
ASEAN insurers have key role in climate battle, says Malaysian Re
9th December 2022
The ASEAN region will have to find more than $800 billion of investment for energy supply in order to meet its expected demand for power in 2050, according to a new report by Malaysian Re. The 2022 ASEAN Insurance Pulse report by the reinsurer says that risk managers, risk takers, investors, ... Read the full article
Swiss Re looking at one of the most “positive outlooks” for a while at the April renewal season: Paul Murray
2nd December 2022
Swiss Re’s Chief Executive Officer Reinsurance Asia, Paul Murray spoke with Reinsurance News to share his thoughts on Swiss Re’s outlook for the upcoming Asia renewal season, as well as how he sees market conditions developing within reinsurance in Asia Pacific. Addressing Swiss Re’s outlook for the Asia renewal season, Murray ... Read the full article
Aon hires John Morley as APAC growth leader in strategy & tech team
2nd December 2022
Aon has hired John Morley to be its Asia Pacific growth leader in its strategy and technology team. Morley’s role will become effective on 5 December and is joining the firm from EY, where he was an insurance consulting partner, having previously held roles at Accenture, KPMG, and Willis Towers Watson. He ... Read the full article
Miller adds Choo Cai Ling to Asia marine team
2nd December 2022
Specialist re/insurance broker Miller has announced the appointment of Choo Cai Ling in a production and broking role, joining its Singapore based Marine team. She will begin the role on 1 December 2022 and report into Nick King, Head of Marine (Singapore). Cai Ling brings 15 years of specialised Marine underwriting and ... Read the full article
Cecilia Chang named CEO of Generali Hong Kong unit
25th November 2022
Generali Asia has announced the appointment of Cecilia Chang as the Chief Executive Officer of Generali Life (Hong Kong) Limited and General Manager of Assicurazioni Generali S.p.A. Hong Kong Branch. Chang joined the Generali Group in 2016 in Hong Kong as Head of Financial Lines and Underwriting, Asia for the Global ... Read the full article
CTA expands Natural Resources capability in Asia
10th November 2022
International loss adjusting business, Charles Taylor Adjusting (CTA) has announced the opening of a new office in Vietnam, expanding its Natural Resources capability in Asia. According to the announcement, this “strategic expansion” will allow CTA to offer technical loss adjusting services across mining, power and energy business sectors, with a focus ... Read the full article
WTW appoints Oliver Scarr to senior cargo role in Asia
7th November 2022
WTW has said that it is appointing Oliver Scarr to be its new head of cargo in Asia in its marine team within its corporate risk and broking business. The firm said in a statement that Scarr will be based in Singapore and report to Lewis Hart, head of marine Asia. ... Read the full article
Volatility ahead for Asia-Pacific reinsurance sector, says S&P
4th November 2022
According to an S&P Global Ratings report based on analysis of 15 Asia-Pacific reinsurers, slower growth and subdued underwriting margins signal increasing downside risks for the sector. The report observes that Asia-Pacific (APAC) reinsurers' underwriting performance will remain pressured by the higher frequency of loss occurrences, increasing costs, and pricing challenges ... Read the full article
Positive outlook for the reinsurance industry in Asia: Singapore’s Alvin Tan
3rd November 2022
The outlook for the reinsurance industry remains positive in Asia, says Singapore's Minister of Trade and Industry, Alvin Tan, as Asia continues to urbanise with projections that gross written premiums for life and non-life insurance are expected to grow to S$60bn and S$20bn respectively in by 2025. Tan notes that these ... Read the full article
What can re/insurers do to minimise Asia’s $60bn protection gap?: Swiss Re
27th October 2022
Geopolitics, war, disruptions of supply chains and climate change can have a great impact on the re/insurance industry in China and emerging Asia. These, along with low insurance penetration and the region’s vulnerability to natural catastrophes - enhanced by climate change - can leave people and governments facing major losses ... Read the full article
Miller names Matthew Hooker as regional Head of Energy for Asia-Pacific
14th October 2022
Specialist re/insurance broker Miller has announced the appointment of Matt Hooker as regional Head of Energy for Asia-Pacific. Hooker joins from Allianz Global Corporate & Specialty, where he was Asia Pacific Regional Head of Energy & Construction, based in Singapore. Miller describes Hooker as having a wealth of experience in successfully building ... Read the full article
Hannover Re to benefit from opportunities in ILS & Asia: Jefferies
14th October 2022
Analysts at Jefferies have asserted that Hannover Re is set to benefit from opportunities in areas of change that it has embraced to a greater extent than many peers, including the hard market environment, ILS markets, Asian growth and even IFRS 17. In terms of innovation, Jefferies notes that Hannover Re ... Read the full article
Liberty GTS hires three underwriters for APAC region
11th October 2022
Liberty Global Transaction Solutions (Liberty GTS) has hired three new underwriters for its Asia-Pacific business. The firm, an offshoot of Liberty Mutual Insurance’s global risk solutions division, said it had hired Damian Ng, Sanjeve Prakasam, and Alexandra Culas for roles in Singapore and Sydney, Australia. Ng and Prakasam will be underwriters ... Read the full article
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