Independent specialist re/insurance broker Miller has appointed Johanna How (pictured above) as property & casualty broker in Singapore.
How brings more than eight years of experience in the insurance and reinsurance sector. She began her career at Lloyd’s Syndicate 382 – CNA Hardy, where she worked as an assistant underwriter for property and treaty business, focusing on reinsurance solutions and client relationship management.
She first joined Miller in 2019 as a reinsurance broker, concentrating on facultative reinsurance placements across a range of commercial lines in Southeast Asia. In 2021, she moved to Aon’s Singapore Broking Centre, where she served as a reinsurance broker for complex property risks.
At Aon, How gained additional experience in structuring and placing reinsurance programs for clients in the region. She returned to Miller in October and will now be responsible for property and casualty broking, leveraging her background in both underwriting and broking to support clients with risk transfer solutions.
How holds an ACII qualification from the Chartered Insurance Institute and a Level 4 Diploma in Insurance.
How’s appointment comes as the regional reinsurance landscape continues to evolve. Over the past year, many Asian reinsurers, including those based in Singapore, have sought to diversify their portfolios by expanding into mature overseas markets.
This shift is partly in response to slower growth in China and other mature economies, prompting regional reinsurers to look internationally to sustain earnings and manage underwriting cycles. According to a recent AM Best report, Singapore and Southeast Asian reinsurers maintained strong earnings in 2024, with results close to historic highs.
The financial environment for Asian reinsurers has also shown improvement, supported by lower catastrophe losses and stronger investment income. AM Best data indicates that combined ratios for the region’s reinsurers improved from 94.5% to 91.6%, while return on equity rose from 0.1% in 2022 to 9.2% in 2023.
These gains have contributed to a more stable and resilient market, even as reinsurers continue to adapt to changing risk profiles and market conditions.
Singapore’s general insurance sector is also expected to see robust growth in the coming years. Projections from GlobalData suggest the market could reach SG$8.6 billion (US$6.5 billion) in gross written premiums by 2030, with a compound annual growth rate of 6.3% between 2026 and 2030.
This outlook is driven by economic expansion, increased demand for health and property insurance, and continued infrastructure investment in Singapore.
