China Pacific Insurance’s P&C underwriting profit falls 35.5% to US$372m in FY24
March 27 2025 by Kristina Shperlik
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Mitsui Sumitomo agrees to acquire 15% in WR Berkley for about US$3.8bn
- March 28
Japanese insurer will buy the shares through open market purchases or private transactions with third parties and expects to complete the acquisition by March 2026.
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PICC P&C FY24 underwriting profit drops by 43.9% to US$759m
- March 28
COR deteriorated from 97.8% to 98.8% due to the impact of severe disasters and accidents, as well as the rise in cost of debt following a decrease in the discount rate.
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Generali completes acquisition of China P&C business
- March 25
The Italian insurer has received all regulatory approvals to take full ownership of the mainland P&C business
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South Korea’s P&C insurers’ net income up 3.1% to US$5.8bn in 2024
- March 25
Insurance income marginally down by 1% to US$5.6bn due to higher loss ratios for motor insurance, according to preliminary statistics from the Financial Supervisory Service.
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Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
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Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
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Allianz Life | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
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WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
