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Asia Pacific

International re/insurers are looking to Asia Pacific markets for growth opportunities

 

Ardonagh acquires majority stake in Hong Kong’s Apex

Broker looks to deepen regional footprint and expertise with latest Asia deal

Asia Pacific Hong Kong

Australia weather losses top $1.8bn in H1

Ex-Tropical Cyclone Alfred accounted for $1.36bn of insured losses in the first half of the year

Australia Losses

Gallagher Re hires Aon’s Muñoz to lead global fac

Broker hires industry veteran Pablo Muñoz to drive global facultative growth and strikes deal with Japanese fac partner

North America International

BMS acquires Queensland broker

Broking group continues global expansion with acquisition of boutique intermediary Corporate and Commercial Insurance Brokers

Asia Pacific Property

Aon reports record M&A insurance claims in North America

Claims payments surpass $300m on North American representation and warranty policies

North America Specialty

Price Forbes appoints Sathanart to lead Asia property business

Global insurance broker hires DirectAsia executive to lead growth of property business across the Asia-Pacific region

Asia Pacific Property

United Risk buys Australian reinsurance MGA Pinnacle

US firm expands global market presence with acquisition of Sydney-based specialty reinsurance managing general agent

Asia Pacific Australia

Air India crash expected to harden aviation market

Air India Flight 171 crash likely to cost insurers $200m, most of which will fall on international reinsurers, GlobalData says

India International

Gallagher and WTW joint brokers on Air India insurance cover

Reports suggest New India leads operator’s insurance cover, while AIG said to lead reinsurance programme

India Reinsurance

Perils lowers Cyclone Alfred loss estimate to A$2.3bn

Reduction in overall losses 'unusual' compared to previous Australian events, loss aggregator says

Asia Pacific Australia

Reinsurers’ catastrophe PMLs continue to grow: Moody’s

Despite moderating prices reinsurers are ‘generally still eager’ to deploy capacity, particularly for US wind risk

Europe United States

Rokstone taps QBE’s Chandran to lead Apac marine business

Specialty MGA hires marine market veteran to drive Asia expansion

Asia Pacific Distribution

Markel launches financial institutions cover in Australia

Insurer continues to build-out presence in Australian market 

Australia Casualty

Asia-Pacific marine insurance is entering ‘stage of uncertainty’: Sompo’s Ong

Long-term prospects for region remain bright, insurer’s Apac head of marine says

Insurance Marine

Singapore High Court decision provides case law on Insurance Act wording

Ruling establishes meaning of ‘term defining the risk as a whole’ under section 11 of 2015 legislation

Asia Pacific Specialty

Asian piracy jumps almost 50% in first quarter

Crews should step up security rounds and heighten watchkeeping, piracy watchdog warns

Asia Pacific Specialty
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