Country: Asia Pacific Page 155 / 655
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- March 17 2025
Just the tip of a liability iceberg as PFAS risks become apparent, but legal reform roadblocks remain
Firms are set to be drawn into litigation, but changes to the law in Australia are unlikely as they could potentially open the government to significant risks, according to a Sydney-based lawyer.
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- March 17 2025
Seoul Guarantee shares rally 23% on Kospi debut
Insurer also confirms a 2024 year-end dividend of US$138m for investors holding shares through April.
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- March 14 2025
India’s Patanjali, DS Group to acquire Magma General Insurance for US$517m
Magma, which operates motor, health, property and other commercial lines, reported a GWP of US$379m in FY2024.
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- March 14 2025
‘Milestone’ with Fairfax-backed Valueattics Reinsurance set to become India’s first private reinsurer
Backed by Go Digit founder Kamesh Goyal’s Oben Ventures LLP and FAL Corporation, a subsidiary of Indian-born Canadian billionaire Prem Watsa’s Fairfax Financial Holdings, company will begin operations with paid-up capital of US$23m.
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- March 14 2025
MSIG expands Hong Kong, Singapore political risk and trade credit lines with US tie-up
Partnership will help carrier capitalise on growing demand for specialised cover in the region, leveraging US-based underwriting expertise alongside strong local presence and market knowledge.
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- March 14 2025
Crawford promotes Brendan Ames in Australia
He has been handed the role of strata strategic partnership manager and senior loss adjuster, having been with Crawford since February 2020.
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- March 14 2025
Queensland flood insured losses reach US$103m
Insurers have received more than 7,600 claims following the severe weather and flooding earlier this month, according to the Insurance Council of Australia (ICA).
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- March 14 2025
Sompo’s restructuring to accelerate Japan commercial shift
Executives add details to the integration of the group's business into a global P&C platform from April 1.
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- March 14 2025
Exclusive: Moody’s RMS’ APAC managing director Andrew Hare departs
Singapore-based Hare had been with the risk modeller since 2022, having joined from Aon Inpoint.
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- March 14 2025
Hannover Re’s 2024 APAC P&C revenue down 4.5% to US$3bn
Reinsurer's Australian P&C business increased by 8%, while the larger Asian portfolio declined by a comparable percentage.
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- March 13 2025
‘We will act’: Opposition leader Peter Dutton clarifies policy on breaking up big insurance companies
Prime Minister Anthony Albanese also weighs in on this issue, agreeing that insurance companies are 'ripping off' Australians.
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- March 13 2025
Generali Asia’s P&C operating result 16% down to US$79.3m in FY24, COR deteriorates to 99%
Asia continues to be a key target areas of growth for the Italian insurance group, alongside Latin America.
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- March 13 2025
Lockton India confirms Anand Kaul as MD for transactional lines
Broker corroborates exclusive report by IAN, which also included Neelam Singh Koyande and Kulvir Singh leaving Aon.
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- March 13 2025
Cyclone Alfred claims top 44,000, road to recovery expected to be long
Insurance Council of Australia (ICA) CEO Andrew Hall also seeks to 'push past politicking around insurers and insurance companies'.
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- March 13 2025
Korean regulator to relax insurers’ capital adequacy requirement to 130-140%: report
The move will help lower financial burden for insurers, apart from raising their capital base.
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- March 13 2025
Meritz Fire & Marine withdraws offer to buy troubled MG Non-Life
South Korean insurer could face liquidation as the Korea Deposit Insurance Corporation (KDIC) evaluates its options.
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- March 13 2025
Exclusive: London P&I Club to dock in Shanghai, sail on Asian wave amid difficult-to-navigate geopolitical storm
Club also saw new tonnage increase in other APAC countries, such as South Korea, Vietnam, and Indonesia during last month's renewals.
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- March 13 2025
Carbon specialist Kita expands into Australia
Chaucer-backed Lloyd's coverholder had entered Singapore in January last year.
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- March 12 2025
APAC M&A activity down 25% in 2024, weighed down by geopolitics: Clyde & Co
Clyde & Co’s annual insurance growth report says established players preferred to pursue organic investment programs in areas including data analytics.
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- March 12 2025
Cyclone Alfred payouts top US$1.5m as claims surge 50%
Economic and insured loss impacts expected to reach 'at least into the hundreds of millions', according to Aon.
