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- September 12 2025
Perils cuts Cyclone Alfred loss estimate to US$1.25bn
Ex-Tropical Cyclone Afred struck Australia's Southeast Queensland and northeastern New South Wales in February and March, leaving over 300,000 homes and businesses without power.
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- September 11 2025
Opulence launches cell captive in Labuan with China Re backing
The captive insurance cell is endorsed by the Labuan Financial Services Authority and operates under Goldman Insurance PCCC, a protected cell company.
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- September 11 2025
Strategic sale, international growth hold Tokio Marine & Nichido Fire Insurance in good stead: AM Best
AM Best expects proceeds from disposals to provide additional flexibility for new business investments to strengthen operating performance over the long term.
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- September 5 2025
Hong Kong’s Peak Re to maintain favourable underwriting profitability: AM Best
AM Best has affirmed a financial strength rating of A- (Excellent) and long-term issuer credit rating of a- (Excellent) to Peak Re and its subsidiaries, with a stable outlook.
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- September 4 2025
Allied World names Jolene Chua vice president for Asia A&H
Chua was previously employed at Sompo Insurance Singapore, where she held various roles for over five years.
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- September 3 2025
Chinese insurers surge ahead in global renewable premium race
People’s Insurance Company of China, Ping An Insurance, and Yingda Taihe Property Insurance added over US$200m in new renewable energy premiums between 2023 and 2024, according to Insure Our Future.
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- September 3 2025
New South Wales strata managers to phase out insurance commissions
Move follows allegations in Australia last year that brokers and strata management firms were colluding to mislead clients by recommending more expensive policies and hiding cheaper offers from rival firms.
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- September 2 2025
Gallagher Re to acquire Steadfast Re in APAC expansion push
Acquisition of the Steadfast subsidiary expected to close in Q4 2025.
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- September 2 2025
India’s Zurich Kotak General Insurance hires Birendra Mohanty as chief business officer
Mohanty, who joins from ICICI Lombard General Insurance, will oversee bancassurance, financial institutions group, SME, institutional and government businesses.
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- September 2 2025
Sompo elevates See Ju Chua to head of capital management for APAC
Chua will lead regional capital strategy and regulatory alignment from Singapore and will report to APAC chief financial officer Takashi Kurumisawa.
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- September 1 2025
China Re’s net profit up 11.4% in H1 FY25 even as P&C reinsurance hit by agri slowdown, overseas losses
P&C reinsurance segment, China Re’s largest unit, posted insurance revenue of CNY22.96 billion, down 2.2%, mainly due to weaker domestic agriculture premiums.
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- August 28 2025
Taiping Re’s profit surges 75% despite flat premiums
China Taiping reported a 12.2% rise H1 FY25 profit led by a sharp rise in reinsurance profitability and improved underwriting margins.
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- August 28 2025
Reinsurers see cost of capital decrease amid structural shifts: AM Best
Sound risk management, strategic use of technology, and a maturing partnership with alternative capital have subdued the cyclical nature of the reinsurance market.
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- August 27 2025
South Korea’s non-life insurers’ H1 FY25 net income tumbles 19%
Drop driven by erosions in insurance income, underscoring pressure from rising claims costs across major lines.
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- August 25 2025
Korea’s Lotte Insurance in regulatory crosshairs: reports
Regulator highlights the PE-backed insurer’s failure to manage liquidity risks, declining K-ICS ratio, poor management performance evaluations and investment performance.
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- August 21 2025
MG Non-Life’s bridge insurer set for launch as labour union agrees to 55% employee retention: report
Yebyeol Non-life, the temporary insurer set up to manage the troubled carrier's insurance contracts, is likely to be launched next month following an agreement with the labour union.
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- August 21 2025
ZhongAn interim profit soars as underwriting gains, COR drops to 95.6%
The Chinese online insurer reported underwriting profit of US$90m, up 109% year-on-year.
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- August 19 2025
Great Eastern shares to resume trading on Singapore bourse on Thursday
Completion of a bonus issue, following OCBC's unsuccessful take-private offer, has increased public shareholding to 11.76% after more than a year of trading suspension.
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- August 19 2025
Philippines’ Q2 insurance penetration hits 1.79% as non-life premiums surge 20%
The Insurance Commission credited the improvement to faster premium growth, with the non-life NWP for the first half of the year reaching US$694m.
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- August 16 2025
Merger of 3 Indonesian reinsurers could hurt local insurers: Fitch
Proposed consolidation of Indonesia Re, Nasional Re and Tugure is intended to streamline the state sector.
