SME Archives - InsuranceAsia News https://insuranceasianews.com/industry_segments/sme/ Sun, 07 Jul 2024 14:48:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Australian MGA Artisan Underwriting partners with Liberty Specialty Markets on finpro cover https://insuranceasianews.com/mga-artisan-underwriting-partners-with-liberty-specialty-markets-to-provide-sme-finpro-cover-in-australia/ Sun, 07 Jul 2024 22:00:07 +0000 https://insuranceasianews.com/?p=157593 The MGA, set to launch in August, has signed a three-year binding agreement with the specialty insurer to provide financial lines cover for start-ups and SMEs.

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Australian managing general agent (MGA) Artisan Underwriting, which is set to launch in August, has signed a three-year binding agreement with Liberty Specialty Markets to provide financial lines cove...

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]]> QBE to wind down North American middle-market business https://insuranceasianews.com/qbe-to-exit-north-american-middle-market-business/ Wed, 19 Jun 2024 11:57:53 +0000 https://insuranceasianews.com/?p=156386 The shuttering of the underperforming unit will not affect core specialty, crop and commercial business, the Australian carrier said.

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Following an extensive strategic review, QBE has determined it will commence an orderly closure of its North America middle-market segment.
The segment represented gross written premium of US$500M in ...

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]]> Australian MGA Ocean Underwriting to launch financial lines cover with Wade Cadman in charge https://insuranceasianews.com/australias-mga-ocean-underwriting-to-launch-financial-lines-cover-with-wade-cadman-in-charge/ Thu, 30 May 2024 08:21:12 +0000 https://insuranceasianews.com/?p=154862 The Sydney-based MGA's and Lloyd's coverholder's new product will target SMEs and will be led by Cadman who joins from MGA Brooklyn Underwriting.

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Australian managing general agent (MGA) and Lloyd's coverholder Ocean Underwriting has appointed Wade Cadman as head of financial lines ahead of the launch of its financial lines products targeting SM...

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]]> Envest merges three insurance brands to create an SME specialist https://insuranceasianews.com/envest-merges-three-insurance-brands-to-create-an-sme-specialist/ Thu, 08 Feb 2024 21:30:55 +0000 https://insuranceasianews.com/?p=146022 The Australian broking group brings together Fitzpatrick & Co, Arete Risk and Amicus to create a full-service insurance broker with specialist SME and corporate focus.

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The Ardonagh-backed Australian broking group Envest will merge its three broking businesses to create a full-service insurance broker that would write more than US$260 million in gross written premium...

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]]> Specialty MGA Fusion partners Antares, Beazley and Everest for SME finpro cover in Asia https://insuranceasianews.com/specialty-mga-fusion-partners-antares-beazley-and-everest-for-sme-finpro-cover-in-asia/ Sun, 28 Jan 2024 23:15:33 +0000 https://insuranceasianews.com/?p=144934 The insurers will support Fusion's management liability, professional liability, and investment managers insurance offerings, as well as its standalone D&O liability insurance tailored for SMEs.

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Specialty managing general agent (MGA) Fusion Financial Lines (Fusion) has partnered with specialty (re)insurers Antares, Beazley and Everest for its SME financial lines business in Asia, according to...

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]]> Rising demand, easing conditions set stage for APAC cyber growth https://insuranceasianews.com/apac-carriers-getting-more-comfortable-with-cyber-risks/ Wed, 17 Jan 2024 23:45:34 +0000 https://insuranceasianews.com/?p=144204 With cyberattacks ascending to the top risk for businesses in the region, insurers are expanding coverage to tap lucrative mid-market opportunities.

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With cyberattacks fast emerging as the top risk for businesses in Asia the demand for protection is rising significantly, and as prices stabilise insurers are looking to expand coverage and reach as t...

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]]> APAC financial lines underwriters search for pockets of profitability in underserved niches https://insuranceasianews.com/apac-finlines-underwriters-search-for-pockets-of-profitability-in-underserved-niches/ Wed, 13 Dec 2023 23:30:53 +0000 https://insuranceasianews.com/?p=140146 While the market in the region remains extremely soft, carriers are betting on mid-market and SME D&O accounts, commercial PI and cyber-blended policies.

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As the APAC financial and professional liability lines market continues wading through extremely low rates, it’s not easy to generate profit from some of the traditional large corporate segments, espe...

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]]> Generali and UNDP partner to help bridge SME protection gap in Asia https://insuranceasianews.com/generali-and-undp-partner-to-help-bridge-sme-protection-gap-in-asia/ Tue, 17 Oct 2023 22:07:30 +0000 https://insuranceasianews.com/?p=136700 A new framework will be hosted on an online platform offering advice on how businesses can protect their activity in the face of climate challenges.

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Italian insurance group Generali and the United Nations Development Programme (UNDP) will jointly create a new framework for bridging the protection gap within small and medium sized enterprises (SMEs...

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]]> Claims from Typhoon Saola and black rain event of ‘large scale and continue to escalate’: HKIA https://insuranceasianews.com/hkia-says-claims-from-typhoon-saola-and-black-rain-event-of-large-scale-and-continue-to-escalate/ Tue, 12 Sep 2023 09:19:49 +0000 https://insuranceasianews.com/?p=134233 The two storms have caused significant motor and property losses, with the regulator urging insurers to make adequate resources available to settle claims.

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In a letter to chief executives at general insurers, the Hong Kong Insurance Authority (HKIA) has urged carriers to settle recent weather claims in a "transparent, fair and timely manner" and to show ...

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]]> Fusion promotes Sabrina Chia to partner, underwriting & head of distribution APAC https://insuranceasianews.com/fusion-promotes-sabrina-chia-to-partner-underwriting-head-of-distribution-apac/ Wed, 09 Aug 2023 02:15:08 +0000 https://insuranceasianews.com/?p=131463 Singapore-based Chia joined the specialty managing general agent in 2021.

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Specialty MGA Fusion has promoted Sabrina Chia to the role of partner, underwriting & head of distribution APAC, according to a company announcement. She will continue to be based in Singapore.
Ch...

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