Asia Pacific Reinsurance – (Re)in Asia

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Features and key stories

Monte Carlo reflections: from capital formation to capital deployment

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

GIFT City Q1 GWP doubles to US$419m on life and fire reinsurance surge

Singapore GI reinsurance premiums top S$10bn in 2025

Australia GI premiums rise 3.6% in Q2 as direct insurance weakens, reinsurance improves

Country-level cat models could open door to ASEAN risk pooling: AAC2026

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

MAS sign on a tan granite building with palm tree reflections and flagpoles.

Aerial view of a farm with evenly spaced green crop rows and a circular portrait of a man wearing glasses centered over the field.

Cyclist wearing a hat rides along a sunny street past a collapsed wooden building with rubble on the right .

Sydney skyline and Bondi Beach during a sunny day in Australia.

Aerial view of a modern city with a twin-towered building by the water and a circular stadium in the foreground, under a clear blue sky.

Nighttime city skyline with densely packed buildings and bright neon lights, a tall blue-lit tower visible in the distance.

Sunset view of Sydney Harbour: the Opera House with the Harbour Bridge in the background over calm water, framed by green foliage on the sides.

City street at dusk with light trails from moving cars and a lit Tokyo Tower in the distance.

Harbor scene with yachts docked along a waterfront and futuristic glass buildings under a blue sky.

Wide city skyline with tall glass skyscrapers, blue sky, and a tree-lined plaza in the foreground. Central modern buildings flank a historic red-roofed structure to the right.

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Monte Carlo reflections: from capital formation to capital deployment

Pricing adequacy set the agenda for the US and Europe at RVS 2026, but APAC discussions centred on growth and innovation.

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

GIFT City Q1 premiums rise almost tenfold to US$419m

Reinsurance continued to dominate business though gains were offset by declines in health, personal accident and motor.

Singapore GI reinsurance premiums top S$10bn in 2025

Offshore business drove the 3.7% premium increase, but net claims incurred rose 11.8% and underwriting profit fell to its lowest level since 2021.

Australia GI premiums rise 3.6% in Q2 as direct results slide, reinsurance claims plunge

Direct insurers recorded higher claims led by householders, fire and ISR, while reinsurance claims fell nearly 80% as results improved year-on-year.

Country-level cat models could open door to ASEAN risk pooling: AAC2026

Layering portfolio data with granular hazard data will help close underwriting gaps, experts said.

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.

MAS eyes AIR guidance, further RBC 2 changes by year-end

RBC 2 adjustments, reinsurance guidance, and stress-testing developments form part of a broader regulatory response to evolving risks.

India’s crop (re)insurance underwriting enters risk-driven era with loss volatility in focus

Advantage is shifting from insurers competing on price to those combining agricultural expertise, analytics and flexible capital, says Swiss Re's Chandan Verma.

Early estimate puts Kumamoto quake insured losses at US$3bn-4.5bn, ILS impact likely limited

Fund managers, brokers expect the loss to land below the 2016 Kumamoto earthquake, though aftershocks could still shift the picture.

Australia cyclone pool expands as insurer participation rises in home and SME

Higher insured values pushed up home and strata premiums, while cyclone risk pricing remained broadly stable across the pool.

China publishes new measures to accelerate build-out of Shanghai reinsurance centre

The eight-point plan seeks to lift trading volumes, strengthen reinsurers' capital, and bring more international capacity into China's market.

Lloyd's Asia premiums flat in 2025 after four years of growth

A first fall in offshore business since 2020 offset continued onshore growth, while inward reinsurance set a new high.

RGA signs block coinsurance deals with Sumitomo Life and Anshin Life in Japan

Sumitomo Life turns to reinsurance for the first time as insurers across Asia move in-force blocks off their books.

APRA finalises reinsurance reforms easing access to alternative risk-transfer solutions

The reforms, set to take effect from 1 January 2027, expand the role of Appointed Actuaries and streamline regulatory approvals.

Japan's FSA finalises tighter rules on asset-intensive reinsurance

Insurers face broader expectations on stress testing, collateral quality, recapture planning and reinsurer due diligence under the revised guidelines, which apply from July 1.

Australia GI rebounds in Q1 as claims ease, property losses moderate

Industry underwriting profits jumped 34% year-on-year as property lines recovered from catastrophe losses, while cyber led premium growth and motor remained profitable.

Pacific Life Re inks third asset-intensive reinsurance deal with Tokio Marine & Nichido Life

Third transaction with Japanese life insurer underscores Pacific Life Re’s growing role in the country’s AIR market.

GIFT City insurance GWP doubles in FY2026 as reinsurers expand fourfold

Health and personal accident drove premium growth, as (re)insurers overtook intermediaries as the main source of premiums transacted in the hub.

Resolution Life signs three new asset-intensive reinsurance deals across Hong Kong, Japan

Reinsurer has completed two in-force reinsurance deals covering participating whole-of-life portfolios in Hong Kong and one reinsurance agreement in Japan.