-
- May 22 2025
German insurer SV partners with Japan’s Zenkyoren to debut US$100m earthquake bond
The 3-year bond covers losses from Japan on an indemnity basis and across Germany on a parametric basis.
-
- May 22 2025
AIG Australia & New Zealand CEO Grant Cairns to depart, Kathleen Warden appointed GM
Warden and New Zealand GM Liam Pomfret will report directly to regional president Chirs Colahan.
-
- May 22 2025
Australian competition watchdog clears IAG’s RACQ acquisition
ACCC said Suncorp, Allianz and QBE, and newer entrants such as Youi, Auto & General, and Hollard will continue to compete in Queensland.
-
- May 21 2025
Canopius adds professional lines underwriter in Australia
Mark Butterworth joins the Lloyd’s carrier in Melbourne from Dual Australia.
-
- May 20 2025
MS&AD nearly doubles group profits to US$5bn, driven by record domestic results
Overseas subsidiaries achieved 35% profit growth despite a decline in profits for Lloyd's and reinsurance.
-
- May 20 2025
Tower reports H1 FY25 COR of 69.7%, profit up to US$36.5m
Kiwi insurer’s first half GWP was NZ$176m, up 4% from a year ago, while it reported large-event costs of US$1.8m.
-
- May 19 2025
Apollo-backed Athene Japan hires Munich Re’s Hugo Choi to lead corporate development
Choi will relocate to Tokyo from Hong Kong, and be responsible for growing the reinsurer's flow and block reinsurance businesses across Asia Pacific.
-
- May 17 2025
Full capacity: Australia’s consolidation frenzy: Race against reform?
In the latest issue of this newsletter, we look at WTW promotes Luke Ware, Beijing's suprise hailstorm, India's surety market as well as a round up of the people moves from last week.
-
- May 16 2025
Swiss Re reports 1.5% price increase at April 1 renewals, grows book to US$2.2bn
The rate hikes reported by the reinsurer are in contrast to a 1.7% rate decline reported by Munich Re and a 2.4% decline reported by Hannover Re.
-
- May 16 2025
HDI builds out North Asia liability team with TaeHan Kim as underwriting manager
Joining from Scor Australia, Kim will be based in the specialty (re)insurer's Hong Kong office.
-
- May 16 2025
Has Australia found the roadmap to reduce uninsurability risks? Cat bills underscore need to build on public intervention
Australian Reinsurance Pool Corporation absorbed much of losses from ex-Tropical Cyclone Alfred and has helped drive down premiums for high-risk properties.
-
- May 15 2025
WTW hands Luke Ware expanded dual role as head of Asia
New position is alongside his existing role as head of corporate risk and broking for Asia.
-
- May 15 2025
IAG’s 10-month nat cat bill at US$580m, tracking 22% below allowance
Its FY25 profit guidance in on course to increase by 12% to US$1.2bn.
-
- May 15 2025
IAG to acquire RAC Insurance in US$870m deal
Deal includes a US$612m, 20-year exclusive distribution agreement with The Royal Automobile Club of Western Australia for RAC branded home, motor and niche insurance products.
-
- May 14 2025
India approves 3 more Russian insurers to provide marine cover
Sberbank Insurance, Ugoria and ASTK have received approval to offer P&I coverage for tankers calling at Indian ports, according to Reuters.
-
- May 14 2025
APAC faces billion-dollar economic losses from Q1 wildfires: Aon
The costliest event for APAC insurers was ex-Tropical Cyclone Alfred, while Myanmar earthquake was the costliest economic loss in the region, with damages expected to reach billions of dollars.
-
- May 14 2025
Munich Re, Hannover Re report Asia growth despite falling rates
LA wildfires losses impact Q1 results, with Munich Re reporting US$1.2bn losses, while Hannover Re's costs top US$700m.
-
- May 13 2025
Lotte Insurance plans capital raise as it postpones US$64m bond redemption: reports
Carrier's plans to exercise a call option ran into opposition from regulator FSS due to low capital ratio.
-
- May 13 2025
APRA authorises IAG-backed CGU Australia as new general insurer
IAG had announced it will restructure CGU and WFI Insurance brands by centralising specialist expertise.
-
- May 10 2025
Full capacity: Buffett touts Berkshire’s insurance edge as he calls time
In the latest issue of our Full Capacity newsletter, we look at Lloyd's new CEO, Munich Re Specialty's diversification in Asia, the war brewing in South Asia as well as a round up of the people moves from last week.
