Asia Pacific Reinsurance

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Features and key stories

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Resolution Life signs three new asset-intensive reinsurance deals across Hong Kong, Japan

Reinsurer has completed two in-force reinsurance deals covering participating whole-of-life portfolios in Hong Kong and one reinsurance agreement in Japan.

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.

Korea launches marine war-risk pool for ships in the Strait of Hormuz

The KRW300bn (US$197.5m) facility aims to ease costs and secure cover for smaller Korean shipping firms exposed to heightened Middle East risks.

HK reinsurance segment swings to 2025 underwriting loss

Provisional data shows Hong Kong’s reinsurance inward premiums rose 9.41% in 2025 despite the reversal in underwriting results.

Japan’s reinsurance market enters a spikier, more volatile phase

Deepening competition has brought faster, more pronounced underwriting cycles.

MNRB to acquire remaining 80% of Labuan Re for US$100m

The deal will lift the group's ownership of Labuan Re to 100% and is slated to be completed by the fourth quarter of 2026.

India rolls out war risk cover under US$1.5bn Bharat Maritime Insurance Pool

Three policies have been issued to Hoger Offshore and Marine, Vedanta Sterlite Copper and Balrampur Chini Mills, indicating early uptake by industrial and shipping‑linked corporates.

Hong Kong IA finalises RBC amendments to incentivise infrastructure investment

Following feedback from 42 respondents, the Insurance Authority has finalised amendments to the RBC regime, with additional guidance to be issued ahead of implementation.

Australia cyclone pool average premiums rise in Q4 as strata jumps 11%

Annual premiums rose 4.4% year-on-year as Cyclone Alfred pushed incurred insurance losses to A$1.41bn.

Japan FSA proposes tighter checks on life reinsurance deals

The draft guidance proposes stress tests for asset-intensive reinsurance deals, including recapture events and multiple reinsurer failures, to assess impacts on solvency and reserves.

Stronger, steadier ILS market sets stage for Asia growth, but structural gaps remain

Record issuance and steady returns are drawing broader investor interest, but stronger data, transparency, ratings and regulatory confidence remain critical for Asia to scale participation.

India approves US$1.4bn Bharat Maritime Insurance Pool

Sovereign-backed scheme aims to cut reliance on foreign insurers and build domestic marine underwriting expertise.

Singapore, Australia show systemic risk progress, but IAIS flags liquidity disclosure gaps across markets

The IAIS's multi-year assessment of 16 jurisdictions finds resolution tools underdeveloped and liquidity stress-testing requirements uneven, even as macroprudential supervision matures.

Singapore reinsurance profits collapse in Q4 as incurred losses surge 98%

Offshore reinsurance swung into a SG$2.9m loss, while smaller onshore operations remained profitable amid a 49% property premium surge.

DFC adds six new insurers to Gulf maritime facility, doubles capacity to US$40bn

Liberty, Berkshire, AIG, Starr, Travelers, and CNA join the facility, while Chubb retains its role as lead underwriter.

SEADRIF eyes Philippines, regional infrastructure, and agri risk push in 2026

Regional risk pool prepares to launch Philippine parametric cover this year, while scaling ASEAN-wide pushes on infrastructure and agri protection

Chubb named lead underwriter for DFC's US$20bn Gulf marine reinsurance facility

Chubb's selection marks a key operational step, but fresh attacks on vessels leave lingering questions over the facility's ability to restore near-normal shipping flows.

India’s surety market surges, but recovery risks, data gaps constrain full potential

India’s surety segment is drawing global attention, but experts caution that legal clarity, underwriting discipline, and reliable contractor data remain essential for sustainable growth.

Japan’s economic solvency shift exposes gaps among smaller players

Japan’s move to market-consistent solvency reporting will bring new pressures on capital adequacy and risk management.

Concerns surface on US government's Gulf shipping insurance plan

Market participants flag that DIFC facility may lead to potential withdrawal of private insurers, while operational risks could continue to restrict vessel movements in the Strait of Hormuz.