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- May 27 2025
Miller’s Japanese arm names Tokio Marine veteran Naoteru Akigami as CEO
Tokyo-based Akigami took over as head of Lead Insurance Services last month, succeeding Toru Suzuki, who now serves as executive chairman.
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- May 27 2025
Beazley strengthens APAC team with double promotion
Singapore-based Kwang Hoon Song and Steven Hatton have been handed expanded marine and political, accident, and contingency risks roles by the specialty insurer.
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- May 27 2025
GIC Re’s FY25 underwriting loss at US$403m, COR improves to 108.8%
Carrier’s net profit for the financial year rose by 3.1% to US$784.3m, while GWP grew by 10.7% to US$4.8bn.
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- May 27 2025
Time to bite the bullet on IFRS 17? Implementation issues still abound in Asia
Despite being formally introduced in several countries in 2023, a number of players in the Asian market continue to struggle with the adoption of new reporting standards, Aon's managing director and APAC head of finance consulting David Mbatha says.
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- May 27 2025
Gallagher Re acquires Beijing-based broker Nongxin
Global broker will launch a new platform designed to deliver a comprehensive range of services, China CEO Jia Lou says.
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- May 26 2025
‘If it’s flooded, forget it’: as deadly NSW floods recede, claims jump with 10,000 properties damaged
Insurers have received more than 4,100 claims as of Monday after rainfall and flooding hit the region last week.
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- May 26 2025
QBE Insurance gets rating upgrade on improved underwriting and pricing discipline: S&P Global
The insurer, which reported a COR of 93.1% in 2024, is reducing exposure to peak perils, de-risking exposure to non-core line reserves and plans to run-off non-core middle market business.
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- May 26 2025
Cornerstone Risk Group expands sport, entertainment team with director hire
Russell McCauley will lead the line for the Ardonagh Group-backed Australian insurance broker.
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- May 26 2025
Chubb’s ANZ head of global brokers to retire after 41-year career
John French, who also holds the additional role of colleague development ambassador for ANZ, has worked at Chubb in APAC for 28 years.
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- May 26 2025
Scale, complexity of NSW floods prompt further scrutiny of climate risk models
Loss adjusters expect a high volume of diverse claims from the 'one-in-500-year' event across the Mid North Coast and Hunter regions of New South Wales in Australia.
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- May 26 2025
AIG’s Grant Cairns to join Nigel Fitzgerald’s MGA as founding partner in Australia
Cairns will join Steadfast Group COO's new digital, AI-driven underwriting business, set to launch in Q4, in October.
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- May 24 2025
Full capacity: Atlantic hurricane casts tempestuous forecast
In the latest issue of our Full Capacity newsletter, we look at AIG Australia leadership transition, NSW floods, Lloyd's new CEO's blunt warning as well as a round up of the people moves from last week.
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- May 23 2025
Generali completes sale of Philippines life business
Italian insurance group had signed an agreement to sell its 100% stake in Generali Life Assurance Philippines to The Insular Life Assurance Company in December.
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- May 23 2025
Towngas, FSE Nova JV acquires Hong Kong broker Pacific World
Combined entity will invest more resources and capabilities to provide insurance broking services to 42 million Towngas household customers in Hong Kong and mainland China.
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- May 23 2025
AIG, Axa XL, Howden, Canopius, Lockton: 9 APAC insurance people moves of the week
Lloyd’s, MSIG, Gallagher and Athene also made personnel changes over the last week.
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- May 23 2025
Hong Kong insurers to maintain resilient capital positions: Fitch
Hong Kong Financial Reporting Standard 17 and the Hong Kong risk-based capital (HKRBC) regime have been rolled out in recent years.
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- May 23 2025
Marsh settles US$143m Greensill lawsuit: report
Broker reaches confidential settlement with White Oak, which had accused the intermediary of 'fraudulent misrepresentation'.
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- May 23 2025
SMBC Aviation’s insurance settlements for jets stranded in Russia reach US$1.4bn
Japanese aircraft lessor says it received US$24m in FY25 and US$630m, in addition to a US$756m settlement from Russian insurer NSK in 2023.
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- May 23 2025
Axa ‘among the first’ to utilise new Hong Kong re-domicile regime, to move Bermudan unit
Hong Kong government passed the inward company re-domiciliation regime last week.
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- May 23 2025
Asia warming to MGAs as regulators, capacity providers embrace niche underwriting: Qubit’s Helen Ye
Hong Kong MGA eyes regional expansion as it plans to 'become a leading underwriter in the digital asset space across Asia Pacific'.
