Aon has named Vincent Shih (pictured above) as head of treaty reinsurance for its Taiwan operations, effective immediately.
Shih brings more than 18 years of experience in the reinsurance sector. He has held several senior roles at Aon, most recently serving as senior executive director for Aon’s Reinsurance Solutions since December 2023. He previously worked as a director at Aon Benfield from July 2006 to January 2024.
Shih’s academic background includes a Master of Business Administration in Insurance from Feng Chia University, completed in 2001, and a bachelor’s degree in insurance from Tamkang University, completed in 1999.
Shih will be responsible for leading Aon’s treaty reinsurance business in Taiwan, overseeing client relationships and market strategy.
Shih steps into the role at a time when the Asian treaty reinsurance sector is undergoing significant changes. Over the past year, Asian reinsurers have increasingly looked beyond their home markets, expanding into mature overseas markets to diversify their portfolios and better manage underwriting cycles.
This trend has been driven by slowing growth in China and economic headwinds in established markets such as Japan and South Korea. According to an AM Best report from August, this strategy mirrors the approach European reinsurers have taken in the Asia-Pacific region, and is now being adopted by Asian players seeking to sustain growth and spread risk.
The regulatory environment is also shifting, as the adoption of IFRS 17 accounting standards continues to reshape how reinsurers in Asia report their financial results. Throughout 2025, these new standards have introduced changes to the way key performance indicators – such as combined ratio and return on equity – are calculated and presented.
While the fundamentals of the business remain unchanged, the transition has brought new comparability challenges and altered financial reporting, particularly for life and non-life reinsurers.
These shifts come as the treaty reinsurance market has experienced a notable softening in pricing. Market observers have pointed out that, while some degree of softening was anticipated at the top of programs due to abundant capacity, the extent of pricing changes across the curve was less predictable.
This environment reflects a broader reset in the market, following several years of elevated losses, with capacity remaining strong and margins adjusting accordingly.
