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- May 5 2025
Chubb promotes Titus Samuel to head of power and construction for Asia
Singapore-based Samuel, who has been the head of power generation and utilities since 2017, adds a focus on the construction sector.
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- April 30 2025
Peak Re expects stronger year ahead despite dip in profits, revenues in FY24
Reinsurer reported a 6.7% drop in net profits at US$187m in FY24, driven by operating losses from its associate firms and a hike in income tax expenses.
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- April 30 2025
Allianz Commercial Australia appoints Mark Sutton head of client engagement
Sydney-based Sutton joined Allianz Australia in 2013, and he was most recently the head of partnerships and distribution for personal injury.
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- April 29 2025
China United Property Insurance to maintain stable underwriting margin: Fitch Ratings
Global ratings agency affirms insurer financial strength rating of BBB+ with a stable outlook.
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- April 29 2025
India’s Bajaj Group seeks regulator’s nod to acquire Allianz SE’s 26% JV stake: report
Allianz SE agreed to sell its stake in its non-life and life insurance joint ventures for EUR2.6 billion (US$2.8 billion) in March.
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- April 28 2025
Price Forbes takes WTW veteran Kenichiro Miki as Japan head
Miki had established and led the Japan Global Practice Group (JGPG) for WTW Asia Pacific.
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- April 28 2025
Japan’s insurers settled US$2bn nat cat claims in FY24: GIAJ
Noto Peninsula earthquake was the largest event in terms of claims for the fiscal year that ended March 31, 2025, according to the General Insurance Association of Japan (GIAJ).
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- April 25 2025
Chinese broker Yuanbao targets US$676m US IPO valuation: report
Existing shareholders express interest in buying up to US$17 million worth of American Depositary Shares (ADSs), according to Reuters.
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- April 25 2025
4 more Russian insurers seek India’s nod to provide marine cover for crude tankers: reports
Sberbank Insurance, Ugoria, ASTK and Balance Insurance have sought approval to offer P&I coverage for tankers calling at Indian ports, according to Reuters and Bloomberg.
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- April 24 2025
Shinkong gets rating upgrade on record results, underwriting gains: AM Best
Rating agency upgrades Taiwanese non-life insurer’s rating to a+ (excellent), while reviseing the outlook to stable.
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- April 24 2025
IRDAI chairman race heats up as frontrunners emerge: report
Insurance Regulatory and Development Authority of India (IRDAI) post has been vacant since Debasish Panda completed his three-year term in March.
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- April 23 2025
IAG aware of ‘billions of dollars’ of policies issued to Greensill: report
Troubled bank's administrator alleges the Australian insurer 'represented' that Bond & Credit Company had the authority to underwrite policies on its behalf, according to a report by the Australian Financial Review.
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- April 23 2025
Cybersecurity: The false promise of flawed certifications
There is little correlation between certifications and avoiding breaches as the cybersecurity landscape evolves too quickly for annual checkups to be sufficient.
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- April 23 2025
Cyclone Alfred insured losses touch US$1.64bn, Perils says, higher than ARPC
In March, Australian Reinsurance Pool Corporation (ARPC) estimated total losses covered by the Cyclone Reinsurance Pool were approximately AU$1.7 billion.
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- April 22 2025
MS&AD to invest up to US$5bn to double North America profits: report
Japanese insurer plans to continue its aggressive investment strategy moving forward, CEO Shinichiro Funabiki tells Bloomberg.
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- April 22 2025
Malaysia’s MNRB Holdings mulls hiving off takaful insurance businesses: report
Allianz Malaysia and Bank Rakyat are said to be keen on taking over Takaful Ikhlas Family and Takaful Ikhlas General.
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- April 21 2025
Downpours, hail, flash flooding expected as Cyclone Tam continues wreaking havoc across New Zealand
Yellow severe thunderstorm watch in place for the Bay of Plenty, Rotorua, Taupō, Gisborne, Hawke's Bay, and Taihape.
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- April 21 2025
IAG receives over 11,000 claims from Cyclone Alfred
Cyclone Alfred made landfall along Australia’s east coast at the start of March, impacting southeast Queensland and northern New South Wales.
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- April 17 2025
Premium hikes to boost Japan’s big four insurers’ domestic profitability: Moody’s
The profitability will improve gradually supported by fire and motor lines, which account for about 70% of net premiums written by Aioi Nissay Dowa Insurance, Mitsui Sumitomo Insurance, Sompo Japan Insurance and Tokio Marine & Nichido Fire Insurance.
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- April 16 2025
Markel to buy P&I specialist MGA Meco
The MGA with presence in Shanghai, London and Dubai will integrate into the specialty (re)insurer but will continue to operate through its brands Charterers P&I Club, Transmarine and Aurora P&I.
