Hong Kong

Willis Re swoops on Canopius for Asia-Pacific agriculture head


Willis Re has named Canopius’ David Gregori as head of agriculture for Asia Pacific to lead the set-up of its agriculture team in the region.

Roger Sellek AM Best

Asia heads Sellek and Ribeiro to leave AM Best


Former senior Lloyd’s executives Dr Roger Sellek and Jose Ribeiro are both leaving rating agency firm AM Best in a management restructure that is explained as bringing “costs in line with regional growth potential” in the Asia Pacific (AP) region.

tokio marine exterior

Tokio Marine’s European and reinsurance units return to black


Japanese giant Tokio Marine’s reinsurance and European businesses both returned to a profit in the first nine months of 2018.

KPNG Global private Investment

Asia poised for substantial insurtech growth: KPMG


Insurtech “matured significantly as a sector” last year, with 13 deals worth more than $100mn each, according to a new KPMG report.


StarStone closes Australia office following Agile partnership


Enstar-owned specialty carrier StarStone has appointed Agile Underwriting Services as its representative agent in Australia and New Zealand.


MSI teams up with Russia’s Ingosstrakh


Mitsui Sumitomo Insurance (MSI), has penned a distribution deal with Russian non-life insurer Ingosstrakh Insurance Company.

singapore 90721496 900px

QBE pulls back on Lloyd’s Asia platform


QBE has revealed it will cease trading marine, energy, political violence and terrorism on the Lloyd’s Asia platform by the end of the year.

Nick Garrity

IGI names Garrity Kuala Lumpur CEO to drive Asia growth


Dubai-headquartered carrier IGI has named Nick Garrity chief executive officer of IGI’s Labuan branch.

Merkel and Xi Jinping i

Germany and China agree to bolster (re)insurance ties


Germany has signed an agreement with China designed to boost the level of understanding and cooperation between the two countries on (re)insurance business and pledged to further open market access and deepen cooperation to broaden economic ties.

Insured losses from natural catastrophes since 2011*

Willis Re pegs nat cat insured losses at $71.5bn


Carriers are on the hook for a $71.5bn 2018 nat cat bill, Willis Re has said.

Hong Kong

Beazley targets financial lines growth in Asia with Pegasus partnership


London carrier Beazley is expanding its insurance offering in Asian markets through a new financial lines capacity arrangement with Hong Kong-based coverholder Pegasus Underwriting.


Insurers on hook for A$670mn+ for Sydney hailstorms


Losses stemming from the hailstorms across New South Wales in December are set to cost the industry upwards of A$670mn ($478mn), according to the Insurance Council of Australia.