Massey brings more than two decades of experience to the role, having previously scaled Now Health International across nine markets and led customer innovation at HSBC.
Marking its 60th anniversary this year, the company reported its most recent cumulative insured business exceeding HK$2.45 trillion (US$313bn), encompassing over 200 markets globally.
Tokio Marine & Nichido Fire Insurance, Mitsui Sumitomo Insurance, and Sompo Japan are considering broadening their high-risk zones amid the escalating Middle East conflict.
Shipping firms face stricter underwriting terms and rising costs as marine insurers react to heightened conflict risk in the Gulf and surrounding waters.
Korea led the region’s softening with a 17% composite rate drop, while Taiwan and Hong Kong SAR also posted double-digit declines, according to Marsh data.
Reinsurers compete aggressively for APAC business as record capital levels and benign loss experience drive double-digit rate reductions across the region.
The reforms target lower personal injury premiums, broader access to time-based motorcycle insurance, and the transfer of no-claims discounts when motorcycles are replaced.
