Country: Asia Pacific Page 1 / 569
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- December 12 2025
Rising cost of Queensland, New South Wales hailstorms creates ‘challenging months ahead’
Market has seen a high volume of claims across a widespread area, along with water ingress and related property damage, spanning domestic and commercial sectors.
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- December 12 2025
Manulife successfully completes re-domiciliation from Bermuda to Hong Kong
Insurer was the second after French rival AXA’s Hong Kong and Macau arm to apply for the new company re-domiciliation regime after it was introduced in May.
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- December 12 2025
AM Best positive on New India Assurance amid ‘improving’ risk management
The rating agency has affirmed the financial strength rating of India's largest non-life insurer of B++ and its long-term issuer credit rating of bbb+.
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- December 12 2025
Australian broker Steadfast denies Blackstone approach
According to a report, the US private equity titan was considering making an AUS$4.6bn takeover bid for Australia’s largest insurance broker.
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- December 12 2025
Tai Po fire loss ‘managable’ for China’s Qianhai Re, AM Best says as it reaffirms ratings
Ratings agency cites Chinese reinsurer’s 'very strong' balance sheet and profitability.
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- December 11 2025
Perth bushfires put lives and homes under threat, as Moody’s warns of a complex situation
Cat modeller says recent bushfires in New South Wales highlights the complexity of managing bushfires risk in Australia and the risk of secondary ignitions.
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- December 11 2025
Typhoon Odette survivors in the Philippines sue Shell seeking corporate liability for climate-related losses
The lawsuit, filed in London, argues Shell’s historic emissions materially intensified Super Typhoon Odette’s landing in December 2021.
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- December 11 2025
Arch Insurance Australia unveils key leadership appointments
Joe Donovan has been named deputy regional manager, while Marita Elliott has been promoted to head of underwriting operations and compliance.
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- December 11 2025
China Re nominates Zhu Xiaoyun to become first female president
She is set to replaces Zhuang Qianzhi, who had been approved as chairman.
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- December 11 2025
Aon taps Marsh’s James Harmer as head of global and corporate for Australia
Harmer spent over three years as a broker with Aon's political risk and structured credit team in London until October 2013 before he moved home to Sydney in 2014.
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- December 11 2025
ACCC opposes IAG’s deal for RAC Insurance
Australia's antitrust regulator says the deal would undermine competition in Western Australia in home and motor insurance, but the insurer intends to contest the decision.
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- December 11 2025
Descartes shakes things up with Japan earthquake launch, treaty parametric push to drive APAC growth
As traditional cat reinsurance tightens and retentions harden, Descartes is betting big on parametric covers, fresh capacity, and Japan as a launchpad for change, APAC head Ben Qin tells InsuranceAsia News.
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- December 10 2025
PICC vice president resigns amid state investigation into disciplinary breach
Zhang Daoming named temporary responsible officer for the state-backed insurer following Yu Ze's resignation.
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- December 10 2025
Japan downgrades loss estimates from a potential Tokyo earthquake to US$530bn
A 7.3-magnitude earthquake hitting the metropolitan area could also kill 18,000 people in the worst-case scenario, the draft government estimate showed.
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- December 10 2025
Sompo boosts Hong Kong underwriting structure with double promotion
Ophelia Szeto and Jessica Lai will assume their new roles with the insurer from January 1.
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- December 10 2025
The Standard Club Asia goes into run-off as all renewals switch to NorthStandard
All insurance business previously underwritten by The Standard Club Asia will be renewed into NorthStandard from February 20.
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- December 10 2025
HDI Global eyes ‘one-stop shop’ with further hires, product launches in Southeast Asia
Cristiano Pizzocheri, head of market management for Southeast Asia, South Asia, and the Middle East in Singapore, tells InsuranceAsia News that the insurer plans to add more staff in Singapore in 2026 and bring financial lines, A&H, cyber products to the region.
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- December 9 2025
Over half of US$10bn losses from recent Southeast Asian floods attributable to business interruption: Moody’s
Modelling specialist noted that some atmospheric indicators suggest that parts of Southeast Asia are already experiencing La Niña-like conditions.
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- December 9 2025
Japan issues megaquake alert after 7.5-magnitude earthquake
There is a slight increase in risk of a magnitude 8-level quake and possible tsunami occurring along Japan’s northeastern coast from Chiba, just east of Tokyo, to Hokkaido, according to the Japan Meteorological Agency.
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- December 9 2025
Aaron Shead becomes head of property for Chubb’s overseas general insurance business
He has been with the US insurer for over 25 years in Asia, Bermuda and the UK.
