Asia Pacific Insurance Capital management

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Colored puzzle pieces with coins arranged on a wooden table, with a hand holding one green piece.

Aerial view of a sprawling green-and-white data center campus beside roads, canals and farmland.

Round table surrounded by blue and red chairs, with four stacks of globe-marked coins.

Calculator strapped into a car’s back seat, with Singapore’s illuminated skyline visible through the rear window.

Andrew Hare, Japan head, Marsh Re, and Justin Ward, Pacific head, Marsh Re, over Tokyo and Sydney.

A red weight sits atop folded financial statements showing balance sheets, assets and liabilities.

Modern glass office towers rise behind Tokyo Station in warm evening light.

Offshore wind turbines stand in rows across the sea under a blue sky.

A uniformed inspector examines a treaty notice beside a high-speed train marked AIR.

Nighttime Tokyo cityscape with illuminated Japanese signs, high-rises and curving multilane traffic.

Tokyo skyline at dusk, featuring the illuminated Tokyo Skytree surrounded by densely packed buildings.

ACCC blocks IAG's RAC Insurance acquisition for second time

Pacific Life Re completes first Hong Kong asset-intensive reinsurance deal

Insurers urged to treat alternative capital deals as partnerships, not pre-nups

Steadfast inks A$7.7bn takeover deal with Amwins-Dragoneer-KKR consortium

Retrospective solutions gain traction, but APAC adoption lags

Across APAC, legal fragmentation and lingering misconceptions continue to limit the use of retrospective solutions, SIRC panellists said.

Mandarin Re targets growth with existing cedants amid softening market

COO Grishin sees expansion opportunities in the Philippines, Thailand and Malaysia, but growth will be driven primarily by existing clients in Vietnam and Indonesia.

Swiss Re turning to alternative capital as data centre accumulation outruns reinsurance capacity

Swiss Re’s P&C reinsurance chief underwriting officer says accumulation at hyperscaler sites will leave lenders’ required limits unplaced, even as interconnected risks reported by firms have risen...

Asia takes more of the reinsurance value chain, but capital stays global

India and China are pushing to keep more risk onshore, but London and Bermuda will remain centres for retrocession, alternative capital and nat cat.

Price takes a back seat as cedents seek strategic reinsurance purchases

Brokers say Asian cedents are using softer rates to strengthen their reinsurance protection, not just to cut costs.

Gallagher Re APAC bets on advisory, structured deals and specialty amid soft market squeeze

Gallagher Re’s new APAC CEO Roshan Perera sees renewable energy, EV supply chains and data centres driving demand for specialist reinsurance and advisory solutions.

Munich Re sees reinsurance opportunities as APAC clients look to expand

Insurers are increasingly looking to invest in growth initiatives, while reinsurers are differentiating through expertise and solutions rather than capacity alone, says Hitesh Kotak, chief executive for...

Marsh Re sees Japan fac growth from data centres, chips; alternative capital opportunities in ANZ

Marsh Re’s new Japan and Pacific heads, Andrew Hare and Justin Ward, say capital is reshaping the reinsurance conversation, from Japan’s solvency regime to growing interest in alternative capital in Australia...

Howden Re’s Marshall pushes APAC cedents beyond “set and forget” reinsurance buying

Karl Marshall wants clients to see the full range of outcomes behind a model result, not a single figure, and says AI should support specialists rather than replace them.

Balance-sheet pressures steer insurers towards structured solutions

As capital requirements evolve and market volatility persists, insurers are seeking more sophisticated ways of managing risk

Chariot Re takes on first Japanese liabilities in US$1.6bn MetLife retrocession

The treaty, effective 30 September, covers US dollar whole life and annuity policies and is the Bermuda reinsurer’s fourth since its July 2025 launch.

PICC issues Hong Kong’s first sidecar, covering mainland offshore windfarm risks

The US$12m issuance was conducted through special-purpose insurer Great Wall Re.

Japan AIR market braces for stricter regime, not slower growth

Industry experts expect future asset-intensive reinsurance (AIR) growth to hinge on access to third-party capacity, suitable matching assets and demonstrable risk transfer.

Shinhan Financial to acquire 77% of Lotte Non-Life for US$516m

The group plans to merge the insurer with Shinhan EZ General Insurance and inject capital ahead of tighter K-ICS requirements.

Pacific Life Re closes second Japan structured reinsurance deal of 2026

The transaction helps an unnamed major life insurer optimise its economic capital position under Japan’s new Economic Solvency Ratio (ESR) framework.

Prismic to reinsure US$5bn of Prudential Financial's Japanese whole life reserves

The deal takes Prismic's in-force and flow transactions with Prudential to more than US$22bn of USD-denominated liabilities.

Second ACCC rejection sends IAG's RAC Insurance bid to public benefit test

Regulator found rival insurers would be unlikely to offset competition lost, but insurer says it will now seek approval on public benefit grounds.

Pacific Life Re completes first Hong Kong AIR deal

Its debut asset-intensive transaction in the market covers whole life liabilities ceded by a pan-Asian insurer

Insurers urged to treat alternative capital deals as partnerships, not pre-nups

AAC2026 panellists said reinsurer track record, collateral quality and recapture readiness matter more than price as AIR and FinRe grow across Asia.