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- May 12 2025
Allianz Commercial appoints Roy Kang as property underwriter in Tokyo
Kang previously worked at Hyundai Marine & Fire Insurance for almost nine years, focusing on reinsurance underwriting.
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- May 12 2025
Axa XL Australia hires trio to expand property, construction, energy claims team
Tylie Petrovski, Rebecca Williams and Ilija Bogoevski have joined the insurer in Brisbane and Sydney.
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- May 12 2025
Korea P&I club gets rating outlook downgrade as 2024 COR climbs to 204%: AM Best
Rating agency has revised the outlook to negative from stable and affirmed the financial strength rating of B++ (Good) and the long-term ICR of bbb+ (Good) of the club.
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- May 12 2025
Lotte Insurance faces regulatory block on US$64.2m bond redemption amid capital concerns
Under the current supervisory regulations, early redemption is only allowed if the solvency ratio K-ICS remains above 150% after redemption but South Korea's financial regulator estimates the ratio would drop to 127.4% following the redemption.
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- May 9 2025
‘No barriers’ to ILS activity in Asia, says Peak Re’s Iain Reynolds
With the current soft market, investors are being offered 'quite a lot of deals', requiring issuers to fight for attention, the director of third-party capital at the Hong Kong-based reinsurance specialist tells InsuranceAsia News' Between The Lines podcast.
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- May 8 2025
GAIP appoints Min Hung Cheng as CEO
Singapore-based Cheng was most recently the interim CEO following the departure of John Maroney.
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- May 8 2025
Taiwan’s FSC revises digital insurer regulation to boost innovation, reduces capital requirement to US$16.5m
Key changes include allowing physical service locations and permitting foreign digital carriers to apply for a licence.
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- May 8 2025
‘Industry legend’ Paul Schappacher returns to AIG Australia as senior commercial property underwriter
Melbourne-based Schappacher previously worked at Chubb, Suncorp, Great Lakes and Zurich.
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- May 7 2025
Axa XL appoints veteran Marc Audrin as APAC, Europe CFO
Dublin-based Audrin has been at the Axa Group for over 32 years, with his most recent role being Axa XL's CFO for APAC, Europe and XL Insurance Company SE.
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- May 7 2025
Korean non-life carriers’ overseas branches see net income surge to US$95m
Increase attributed to base effect of natural catastrophes in 2023, including Typhoon Mawar in Guam and a wildfire in Hawaii.
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- May 6 2025
Olivia Clark jets into Singapore as Everest’s senior APAC aviation underwriter
Clark relocates from London, having previously worked at Chubb and Nexus Group.
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- May 6 2025
Market Lane rolls out new Australian MGA to offer product recall, environment liability
ML Specialty, to be led by Sam Souso, will offer environmental impairment liability as well as product contamination and product recall products for the food and beverages industry.
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- May 2 2025
HSBC gets greenlight to establish captive insurer in Hong Kong
Wayfoong (Asia) Limited, which has received authorisation from the Insurance Authority, is the first captive carrier established by a multinational enterprise based in the city.
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- April 29 2025
Pamela Beilby returns to Allianz Australia as national relationship manager
Sydney-based Beilby will be responsible for developing and executing national strategic partnership plans across key broker segments within Allianz.
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- April 25 2025
Parametric insurance ‘plugs the gap’ as nat cat losses strain traditional coverage: Descartes’ Ben Qin
Head of North Asia and Australia tells InsuranceAsia News’ Between The Lines podcast that parametric insurance's speed and payout certainty offers a critical advantage over traditional claims.
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- April 25 2025
With boots on the ground in Australia, CFC eyes strong growth, upselling opportunities
Following the acquisition and rebranding of Solution Underwriting, the MGA's Australia managing director Anita Lane looks to the future and reflects on the softening commercial insurance market.
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- April 24 2025
Pacific rates suffer largest global fall at 8% in Q1, Marsh says
Finpro pricing fell by 10%, while property and cyber declined by 9% and 8%, respectively.
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- April 24 2025
Thai insurers’ US$600-900m Myanmar earthquake losses to be absorbed by reinsurers: S&P Global
7.7-magnitude earthquake struck Myanmar and reverberated to Bangkok in March.
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- April 24 2025
China to boost insurance support for cross-border trade amid tariff tensions
Action plan outlines protection across all foreign trade scenarios for enterprises expanding overseas to protect Chinese companies' offshore assets.
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- April 23 2025
Myanmar earthquake world’s third costliest economic loss event in Q1: Gallagher Re
California fires' US$40bn losses expected to be an earnings event for carriers and is unlikely to affects global renewal cycles.
