The acquisition bolsters Halliwell's ability to support clients across the property-risk lifecycle, from loss assessment and remediation to project delivery and dispute resolution.
Private debt is expected to remain the preferred alternative asset class for APAC insurers over the next 12 months, even as firms take a more selective approach to private-market allocations.
The insurer is exploring full-cycle risk protection for Laos' rubber industry, while simultaneously launching China's first rescue insurance policy for Oriental storks.
Falling primary and reinsurance rates in 2026 are adding pressure after APAC non-life premium growth slowed to 5.1% in 2025, pushing more insurers to seek growth overseas, Gallagher Re said.
However, only around 1 in 10 life and health policies are purchased through direct digital channels, as buyers continue to seek human advice before committing.
