A new working group will help shape Hong Kong's specialty insurance strategy as the city pursues growth in captives, ILS, marine risks and other lines.
Microsoft’s latest Digital Defense Report ranks Taiwan as the most targeted territory in Asia-Pacific for cyber threats and the fourth most targeted worldwide.
Taiwan, South Korea and Malaysia followed with declines of 15%, 13% and 10%, while Japan and Vietnam were the only markets to record increases, according to Marsh.
Diversification into other marine lines has helped some clubs improve underwriting results, but persistent deficits are expected to drive further upward pressure on 2027 renewals.
Belinda Steedman has been appointed to lead the rebranded business as parent company Ardonagh Group brings its global MGA businesses under the Orvia Underwriting brand.
Onshore underwriting profit rose nearly elevenfold from a low year-earlier base, led by pecuniary loss business, while offshore premiums grew 18.9% but underwriting turned negative.
