Country: Asia Pacific Page 14 / 562
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- September 25 2025
IRDAI’s new chief calls for lower broker commissions: report
India’s insurance regulator is weighing a shift in commission governance, urging insurers to adopt a tiered expense framework similar to mutual funds amid rising scrutiny over distribution costs and their impact on policyholder premiums, media reports said.
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- September 25 2025
Vietnam’s PVI Insurance raises charter capital to US$163m
The additional capital reinforces financial foundation, enhances risk management capacity and enables greater support for large-scale national and international projects, the insurer says.
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- September 25 2025
IAG’s RAC Insurance acquisition faces member disquiet, club’s CEO claims deal is ‘best path forward’: report
The deal being scrutinised by ACCC, which said it can potentially weaken competition in the supply of motor and home and contents products in Western Australia.
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- September 25 2025
Lockton snaps up Willis’ Terence Montgomery as APAC head of transaction liability
Singapore-based Montgomery was the Asia Pacific practice leader for M&A at Willis since June 2018.
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- September 25 2025
Swiss Re names Pavel Huerta Uribe as head property underwriting globals for APAC
Uribe will be based in Tokyo and succeeds Andy Tran.
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- September 25 2025
Aon India names Manoj Kumar head of sales and growth for commercial risk and health solutions
Mumbai-based Kumar was most recently head of specialty products for the global broker.
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- September 25 2025
New Zealand’s Ando elevates Therese Singleton as CEO, succeeding John Lyon
The Envest-backed insurer also promoted Timothy Riding to the executive team as head of portfolio and underwriting.
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- September 25 2025
AI not the answer for APAC’s ‘healthy appetite’ for risk solutions: Russell Group’s Suki Basi
Need to 'get the basics right' first with data flowing exponentially to the region, the managing director of the risk exposure specialist says.
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- September 24 2025
KDIC aims to recover US$740m through SGI Seoul Guarantee stake sale: report
South Korean deposit insurer has begun offloading a 33.85% stake to recoup public funds injected during the Asian financial crisis.
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- September 24 2025
Nepal’s ‘Gen Z riot’ losses impose financial strain on (re)insurers: AM Best
Outsized proportion of losses, reported to be over US$177m, could impact earnings and capital of the market, which has a combined GWP of US$317m.
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- September 24 2025
Tower raises cat limit to US$536m in FY26 reinsurance renewal
Kiwi carrier switches large individual property risks cover from proportional treaty to XoL structure, estimates lower premium expense.
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- September 24 2025
Marsh ANZ elevates Scott Eccleston to Pacific head of risk management
He has spent more than 20 years of his career at Marsh.
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- September 24 2025
Marsh Asia appoints Dale Williams as corporate and commercial leader
Singapore-based Williams was most recently commercial leader at Mercer Asia.
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- September 23 2025
Marsh appoints Youn Wook (Cleo) Kang as senior client adviser for Asian power, energy specialty
Seoul-based Kang is a seasoned legal professional with deep experience in large-scale energy projects, project finance, and offshore wind, according to Benjamin Chang, Marsh's managing director and energy and power leader for Asia.
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- September 23 2025
Super Typhoon Ragasa: Hong Kong insurance industry braces for world’s strongest storm in 2025
Tens of millions of people could be impacted as the storm passes south of the major centres of Hong Kong, Macau, Shenzhen and Guangzhou.
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- September 23 2025
ARPC revises cyclone pool rates with SME risk mitigation discounts
Australian Reinsurance Pool Corporation (ARPC) makes no other changes to the premium rating, with home and strata premium rates unchanged.
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- September 23 2025
Everest Re launches in India, opens Gift City office
Everest Re joins the growing list of reinsurers opening offices in India's special economic zone.
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- September 23 2025
Australian regulator sues RACQ over misleading renewal comparison pricing
Australian Securities and Investments Commission has alleged that the IAG-owned carrier inflated 'last period premium' in more than 570,000 renewal documents sent to customers between September 2019 and December 2024.
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- September 23 2025
Taiping Re to benefit from profitable non-life vertical, new capital sources: AM Best
AM Best affirms its A (excellent) rating for the reinsurer and its wholly owned subsidiary, Taiping Reinsurance (China), with a stable outlook.
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- September 23 2025
Cat bond momentum building in underrepresented APAC, driven by regulatory support, demand for alternative protection
Hong Kong's efforts to become an ILS hub are driving the growth of third-party capital in Asia Pacific, industry sources tell InsuranceAsia News.
