Financial lines

Hong Kong SMEs increase cyber insurance uptake amid rising business risks: QBE survey

February 17 2025

Shifting insurance preferences, cybersecurity gaps, and AI risks present new challenges and opportunities for insurers.

smes-grow-to-30-market-share-of-apac-cyber-insurance-premiums-guy-carp

SMEs grow to nearly 30% of APAC cyber premiums

February 13 2025

Guy Carpenter report shows APAC now accounts for about 10% of global cyber premiums, but warns region could face disproportionate losses in a catastrophic event.

Upcover raises A$19 million in Series A round

February 10 2025

Australian insurtech plans to use funds to expand reach to over 60,000 businesses.

josephine-tam-joins-allianz-commercial-as-regional-head-of-financial-lines-amp-cyber

Josephine Tam joins Allianz Commercial as Regional Head of Financial Lines & Cyber

February 10 2025

She joins the company after over a year at Aon as Regional Head of Distribution.

Kerry McManus appointed as Senior Claims Adjuster at Newline Australia

February 10 2025

She moves after over eight years with Berkley Insurance.

Allianz Commercial promotes Horace Gon to Deputy CEO for Hong Kong

February 7 2025

Gon also maintains his role as Head of Financial Lines for HK and Greater China.

Asia cyber insurance claims rise as attack numbers increase

February 7 2025

Asian entities were particularly exposed to ransomware attacks in 2024.

pacific-commercial-insurance-rates-see-largest-global-decline-in-q4-marsh-finds

Pacific commercial rates register steepest global decline

February 6 2025

Region's casualty line sees first decline since 2016, Marsh finds.

Asia's cyber insurance rates decline by 11% in Q4 2024: Marsh

February 6 2025

Asia's composite commercial rates decreased 3% according to Marsh's insurance market index.

mga-back-bay-professional-risks-launches-in-australia

Market Lane launches Back Bay Professional Risks in Australia

February 5 2025

Lloyd's coverholder targets professional indemnity coverage for design, engineer, and acrchitecutre segments.

Cyber MGA Sync Underwriting launches in Australia

February 3 2025

Tokio Marine provides capacity for the managing general agent, which is is part of the Rhodian network.

IAG to release AU$200m from BI provision as class action ends

January 31 2025

Actuarial estimate comes after Federal Court rules that COVID-19 business interruption class action against subsidiary IAL will not proceed.

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