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- May 6 2025
Stress test shows Kiwi insurers can meet claims in NZ$100bn earthquake scenario
New Zealand's central bank assessed the responses to a major earthquake and severe cyber-risk incidents by simulating an event well beyond insurers’ solvency requirements, modelled to cost around US$60bn.
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- May 5 2025
Sompo appoints Wei Beng Toh to APAC operational excellence role
Toh, who joins from Manulife as assistant vice president, will report to Kent Leong, head of regional project and commercial operations in APAC.
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- May 5 2025
Insurers call for advancing Australia’s resilience as Labor Party secures second term
Constructive collaboration between government, industry, and communities is essential in the face of more frequent and severe extreme weather, the Insurance Council of Australia says.
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- May 4 2025
MSIG Asia expands digital, corporate capabilities with 3 leadership appointments
Adrian Hill has been appointed chief digital and consumer officer, Enny Halim as chief corporate officer and Pearline Soh as head of digital marketing.
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- May 3 2025
Full capacity: California fires leave a scorched path
In the latest issue of our Full Capacity newsletter, we look at BMS' exit from Japan and Korea, Peak Re's new cat bond, calls levelling the P&I playing field, our latest report on energy transition as well as our weekly roundup of people moves.
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- May 2 2025
Mobile plant specialist UAA renews 10-year capacity agreement with QBE
Binder agreement also provides capacity to the New Zealand arm of the Steadfast-owned underwriting agency.
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- May 2 2025
Howden Re promotes Cynthia Cui to head of fac for APAC
Singapore-based Cui, who has been at the broker since 2021,will drive expansion cedent facultative reinsurance business in the region.
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- April 30 2025
Peak Re’s US$50m cat bond bring ‘fresh capacity’, covers peak Asia scenarios
Hong Kong reinsurer's new ILS offering supports its ability to grow into its key markets of Japan, China and India.
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- April 30 2025
Peak Re closes US$50m multi-peril cat bond securing Japan, China, India protection
The bond is the second insurance-linked security offering by the Hong Kong reinsurer.
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- April 29 2025
Hurricanes, quakes could drive peak year insured losses to US$300bn: Swiss Re Institute
Global insured natural catastrophe losses may reach US$145bn in 2025, mainly driven by secondary perils like severe thunderstorms, floods and wildfires, according to Sigma report.
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- April 28 2025
Hanwha General Insurance to acquire 98.3% of Carrot Insurance: report
The deal will secure the general insurer management rights to the struggling digital insurance startup.
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- April 26 2025
Full capacity: Time to believe? Sobering reality as losses soar
In the latest issue of our Full Capacity newsletter, we look at Swiss Re Corporate Solutions's exit from Hong Kong, silent AI, product recall and staggering economic losses, as well as our weekly roundup of people moves.
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- April 24 2025
Asia insurance rates down 3% in Q1 2025, fifth straight quarter of decline: Marsh
Property rates down 3%, while casualty placements saw a 2% decline, and finpro and cyber rates fell by 8%, according to the broker's Global Insurance Market Index.
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- April 23 2025
Korean regulators may transfer MG Non-Life insurance contracts: reports
Samsung Fire & Marine, DB, KB, Hyundai Marine & Fire and Meritz Fire & Marine are reviewing a plan to form a joint due diligence corporation to takeover the struggling insurer's policies.
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- April 22 2025
Exclusive: Swiss Re Corporate Solutions to shut Hong Kong office, surrender licence
Commercial insurer will consolidate operations servicing Chinese corporations into its mainland offices, IAN can reveal.
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- April 22 2025
Steve Hutchinson to join Willis as P&C head for Hong Kong, Macau after 4-month Howden stint
Hutchinson, who had joined Howden as chief broking officer in January, will take over from Phil Timms, who will transition to a new role, as IAN first reported.
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- April 22 2025
Euclid Transactional adds tax underwriting in APAC with EY hire
M&A-focused MGA appoints Wai Ling Low as senior vice-president and tax underwriter in Singapore.
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- April 22 2025
Willis bolsters India aviation, space team
Anant Pawar joins the WTW broking business from Aon India, where he was chief broking officer.
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- April 17 2025
Exclusive: Integra regional MD Tony Chapman to join Crawford
Singapore-based Chapman will start in a newly created role as head of global technical services for Asia in May, IAN understands.
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- April 15 2025
US tariffs could manifest in reduced demand for insurance globally: AM Best
Lines that are likely to be impacted include trade credit, political risk, marine, energy, motor and property insurance as well as surety, D&O and workers’ compensation.
