APAC
This week in insurance: Insurance M&A volume falls, HK insurance premiums hit $28.6b, Tokio Marine rebrands direct auto insurance unit
Global insurance carrier M&A activity dropped to its lowest level.
Energy insurers report $2b in claims as rates continue falling
Due to increased capacity and competition, particularly in local and int’l markets.
Aon names DeBrunner to lead global accounting functions
He will succeed Michael Neller, who has held the role since 2018.
Insurance rates fall across major lines in Asia during Q2 2025
Property insurance rates dipped 5%, driven by strong competition amongst insurers.
P&C insurers see steady 4.3% CAGR through 2032
Demand is rising in APAC due to urbanisation and increased risk awareness.
BMS strengthens financial lines with dual national appointments
Both McMillan and Jani joined BMS following its acquisition of Bluebook Brokers.
Aon sees improved insurance terms with rising capacity in Q2 2025
Improved terms were seen in property, cyber, and D&O lines.
Hydrogen projects drive insurance premiums past $3b by 2030
In APAC, hydrogen is gaining traction as part of the region’s clean energy shift.
Aon Q1 2025 net income jumps 10% YoY
EPS climbed 19% YoY.
Swiss Re appoints Abrokwah to lead L&H Japan
He joins from Swiss Re’s US L&H business.
Swiss Re reports Asia’s protection gaps hit $390b in 2024
China leads with a $143b health protection gap.
Insured losses top $100b in 2025: Willis
Wildfires in Japan and South Korea this year mark a turning point for climate risk.
Global insurance M&A volume falls with 95 H1 2025 deals
Asia-Pacific was the third highest in terms of deals closed.
Insurers must adapt to 'liquid risk' amidst growing global volatility
Climate-related losses and AI-driven misinformation are already straining the industry.
QBE Foundation delivers S$875k for insurance-led climate aid
The funding will help provide insurance access.
Insurers broaden AI use beyond underwriting in Q3 2025
The industry saw higher AI adoption rates in customer service.
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India’s cyber risk paradox: High attack rates, low insurance preparedness