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Asia Pacific

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

 

MS Amlin expands Phoenix Re capacity to more than $90m

Latest issuance represents a 12.5% uplift in capacity from 2024

Asia Pacific Singapore

India authorises third sanctioned Russian P&I provider

Depth of cover unclear, market sources say

Marine India

Markel names Lin as head of Singapore

Specialty carrier bolsters its Lloyd's Singapore platform with senior appointment

Asia Pacific Australia

Strong M&A market expected in 2025

Increasing number of mid-market deals expected this year in boost to M&A insurance market, WTW finds

Asia Pacific Europe

Miller launches in South Korea

Miller Korea will be led by David Kim as head of Korea

South Korea Broker

WTW launches cyber insurance facility in Asia

QBE and Axl XL-backed facility designed to address evolving cyber security challenges with a primary insurance capacity of up to $15m

Hong Kong Singapore

Hartford opens Singapore service company

US group continues to extend Asia reach of its Lloyd’s syndicate 1221

Asia Pacific Singapore

M&A insurance market to benefit from Trump boost

Incoming president will provide favourable M&A environment in US, broker says

North America Europe

Perils increases Australia Christmas storms loss estimate to A$1.6bn

Storm affected Victoria, New South Wales and Queensland last December

Australia Property

Berkley Insurance cleared to establish branch office in India

Commercial insurer continues expansion in the region with branch office in the Gujarat International Finance Tec-City

India WR Berkley

Japan Club sets out renewal stall

Only Asia-based International Group affiliate announces 2025 pricing

Japan Marine

2024 cyclone season caused $51bn in losses: Munich Re

Hurricanes Milton and Helene generated $41bn of insured losses between them, according to reinsurance giant

North America Asia Pacific

TMK expands Apac cyber team with Furness-Smith hire

Furness-Smith joins from Axis Capital where she was senior cyber underwriter

Tokio Marine Kiln Asia Pacific

Gallagher makes acquisitions in UK and Australia

US broking group acquires Caytons Law and Hann Insurance Brokers

United Kingdom Australia

Aon to acquire in-house agency of Mitsubishi Chemical

Global broker looks to broaden footprint in the Japanese market

Japan Property

Chaucer expands Apac political risk team

Specialty re/insurer hires Axa XL’s Ng as class underwriter

Asia Pacific Specialty
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