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- March 25 2025
Taiping Re’s FY24 service results double to US$75m, COR improves to 92.7%
Hong Kong-based reinsurer’s total premium for the last financial year decreased by 5.1% to US$2bn.
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- March 25 2025
FSA issues business improvement orders to Japanese non-life insurers over information leaks
- Regulatory
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
Regulator says 2.7m sets of information on rivals' clients were leaked by employees on loan to multi-client insurance agencies.
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- March 25 2025
Wongi Kim to succeed Andy Ryoo as Allianz Trade’s South Korea country manager
Ryoo, who has worked at the trade insurer for 22 years, is retiring.
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- March 24 2025
Hong Kong’s FuSure secures long-term insurance authorisation, upgrades to composite licence
Tencent-owned insurer plans to expand into diversified product lines and explore other international markets.
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- March 24 2025
Taiyo Life seals US$4bn annuity reinsurance deal with Fortitude Re
Japanese life insurer will continue to service and administer the reinsured whole life annuity policies.
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- March 22 2025
Full capacity: Is the Asian (re)insurance market growing?
In the latest issue of our Full Capacity newsletter, we look at April 1 renewals, PFAS risks, recent insurance M&As as well as our weekly roundup of people moves.
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- March 20 2025
Regulators approve Samsung Fire & Marine’s transition to subsidiary of Samsung Life
Non-life carrier will maintain independent management and have a separate board of directors.
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- March 20 2025
Exclusive: Flora Fong to rejoin Marsh after short Howden stint
Hong Kong-based Fong had joined Howden last July having worked at Marsh for over 14 years.
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- March 19 2025
Ping An’s P&C FY24 net profit up 68% to US$2bn, COR improves to 98.1%
Chinese carrier’s insurance revenue rose by 4.7% year-on-year to US$45.4bn.
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- March 19 2025
Review panel urges Australian insurers to implement General Insurance Code recommendations on pricing
The ICA, in its action plan released earlier this week, had disagreed with pricing-related recommendations of the independent panel’s final report.
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- March 19 2025
‘Narrower, deeper’: US specialty insurer not resting on its laurels with energy, marine, specialty plans for Asia
The Hartford opened its third operation in Asia earlier this year, with Hartford Underwriting Agency CEO Carl Bach telling InsuranceAsia News that it also has one eye on adding cyber to its offering in the region.
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- March 15 2025
Full capacity: Japan P&C’s tectonic shifts; changing Aussie political climate
In the latest issue of our Full Capacity newsletter, we look at M&As, a new office for the London P&I Club, nat cats, Japan and Cyclone Alfred, as well as our weekly roundup of people moves.
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- March 14 2025
Sompo’s restructuring to accelerate Japan commercial shift
Executives add details to the integration of the group's business into a global P&C platform from April 1.
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- March 14 2025
Exclusive: Moody’s RMS’ APAC managing director Andrew Hare departs
Singapore-based Hare had been with the risk modeller since 2022, having joined from Aon Inpoint.
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- March 14 2025
Hannover Re’s 2024 APAC P&C revenue down 4.5% to US$3bn
Reinsurer's Australian P&C business increased by 8%, while the larger Asian portfolio declined by a comparable percentage.
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- March 13 2025
Meritz Fire & Marine withdraws offer to buy troubled MG Non-Life
South Korean insurer could face liquidation as the Korea Deposit Insurance Corporation (KDIC) evaluates its options.
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- March 13 2025
Carbon specialist Kita expands into Australia
Chaucer-backed Lloyd's coverholder had entered Singapore in January last year.
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- March 12 2025
Canopius’ APAC premiums grow 28% to US$377m in FY24
Lloyd's insurer's APAC COR in the region deteriorated 5.5 percentage points year-on-year to 92.1%.
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- March 11 2025
Willis hires Takashi Kato as head of marine for Japan
Tokio Marine veteran has over 20 years of experience in marine insurance.
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- March 11 2025
Gallagher expands in Philippines with Philinsure acquisition
Global broker increases minority stake in the Philippines-based broker it has held since 2016.
