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- March 26 2025
Carbon credit specialist Kita expands capacity to US$24m
MGA's capacity is provided by Chaucer, Munich Re Syndicate, RenaissanceRe and Tokio Marine Kiln.
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- March 25 2025
Generali completes acquisition of China P&C business
The Italian insurer has received all regulatory approvals to take full ownership of the mainland P&C business
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- March 25 2025
Chinese insurers could benefit from DeepSeek, albeit with risks: AM Best
Several smaller insurers might be able to bring down their operating costs due to DeepSeek’s lower cost and operational features.
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- March 24 2025
GIC Re’s terrorism risk rate cut could slash premiums by up to 15%: report
India has not faced a major terrorism loss since the Mumbai terrorist attacks in 2008.
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- March 24 2025
Marein sees cat impact on capital as non-life premiums surpass life: Fitch
The rating agency has affirmed the Indonesian reinsurer's rating of AA-(idn) with a stable outlook.
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- March 24 2025
China’s Allianz Jingdong earnings to improve gradually over the next two years: Fitch
The rating agency has affirmed the carrier’s insurer financial strength rating of 'A-' (Strong) with a stable outlook on better financial performance, low risky-assets ratio and “moderate” company profile.
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- March 21 2025
Despite Typhoon Yagi losses, Hanoi Re to maintain strong capital buffers: AM Best
Global rating agency affirms insurer rating of B++ (good) for the reinsurer, with a stable outlook.
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- March 21 2025
Vietnam’s PVI Insurance to benefit from profitable commercial, retail lines: AM Best
Global rating agency affirms insurer rating of A- (excellent) with a stable outlook for Vietnam's largest non-life insurer.
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- March 20 2025
Steamship Mutual elevates Jamie Taylor as APAC managing director
Singapore-based Taylor, who was CEO of the Singapore branch prior to the move, spent over 17 years with the P&I Club.
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- March 19 2025
Malaysia’s flood losses up 23.5% to US$207.5m in 2024: report
Losses, which equate to about 0.05% of the country’s nominal GDP, were mostly from home, while commercial losses were nearly flat year-on-year
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- March 19 2025
Allianz mulls alliance with India’s Jio after Bajaj sale: report
Formal announcement expected only after regulatory approvals, according to The Economic Times.
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- March 18 2025
Bajaj Finserv to evaluate listing of insurance arms after Allianz exit: report
The financial services group is not looking for another partner to run the non-life and life businesses, and it will relieve Allianz from a non-compete clause, chairman Sanjiv Bajaj said.
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- March 18 2025
South Africa’s Sanlam upping stakes in Indian ventures a ‘moot point’ despite FDI change: reports
Financial services group is looking to revive its asset management business with Indian partner Shriram Group, while also venturing into wealth management.
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- March 17 2025
Japan veteran James Vickers to retire after 47-year career
Vickers, who spent nearly two decades in Japan, will step down from his role as chairman with Gallagher Re's international division on May 31, 2025.
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- March 14 2025
India’s Patanjali, DS Group to acquire Magma General Insurance for US$517m
Magma, which operates motor, health, property and other commercial lines, reported a GWP of US$379m in FY2024.
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- March 13 2025
Korean regulator to relax insurers’ capital adequacy requirement to 130-140%: report
The move will help lower financial burden for insurers, apart from raising their capital base.
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- March 10 2025
Search begins for new IRDAI chief: report
Debasish Panda’s three-year term as chairperson is due to end on March 13, 2025, although applications are being accepted until April 6.
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- March 9 2025
Cyclone Alfred claims top 3,000, thousands more expected in coming days
ICA declares insurance catastrophe as flash flooding, thunderstorm warnings remain with remnants of the ex-cyclone moving inland.
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- March 7 2025
Huatai P&C underwriting to benefit from Chubb support, FY24 9M COR down to 94.7%: Fitch
The rating agency affirms the insurer financial strength rating of 'A+' (Strong), with a stable outlook.
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- March 5 2025
Cyclone Alfred could be US$1.25bn hit on Australian insurers: S&P Global
Cyclone could be worse than some of Australia's largest nat cats in the past 10 years.
