The cyber insurance market in Asia is projected to triple in size by the end of 2025, driven by increased demand as a result of heightened cybercriminal activity and regulatory scrutiny, according to law firm RPC’s latest annual insurance review.

Markel has named Wanshi Lin as its new head of Singapore to oversee its underwriting operations in the Southeast Asian city state.

Mapfre Re has an ambition to grow its gross written premiums by 5-10 percent in 2025, with the Spanish reinsurer actively seeking to expand its book of business in Asia and the US and diversify into new markets such as life insurance.

Japanese insurer Tokio Marine Holdings has chosen Masahiro Koike as its new CEO to succeed Satoru Komiya following his appointment as chairman.

WTW has extended its CyCore primary cyber insurance facility, underwritten by QBE and Axa XL, to Singapore and Hong Kong.

India’s insurance market is projected to expand at a compound annual growth rate of 8.4 percent between 2025 and 2029, making it the fastest-growing insurance sector in the G20, according to a new report by Swiss Re Institute.

The number of large M&A deals increased by 36 percent in the second half of 2024 compared to the prior-year period, with WTW suggesting this resurgence has driven market momentum into 2025.

Ardonagh-owned Envest Group will to acquire a “significant” stake in Ando Insurance Group Limited (Ando), an independent underwriting agency in New Zealand.

Specialty (re)insurance broker Miller has continued its expansion across Asia with the launch of Miller Korea, led by David Kim as head of Korea.

Zurich's commercial insurance unit has appointed Debra Burford as head of financial lines, cyber and credit lines claims.