Country: Asia Pacific Page 22 / 528
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- April 3 2025
Berkley deal to add US$272m to Mitsui Sumitomo’s earnings: Fitch
No immediate effect on MSI ratings after Berkley stake buy and the merger with Aioi Nissay merger, the rating agency said.
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- April 3 2025
Jewelers Mutual acquires Australian MGA Jewellers Loop
The acquisition of the Sydney-based specialist that covers engagement rings, watches and jewellery is aligned with the US carrier's market expansion outside North America.
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- April 2 2025
Petronas faces potential US$5m hit from Malaysia pipeline explosion
National energy company’s captive, Energas, provides up to US$18m of cover, IAN understands.
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- April 2 2025
WTW’s James Wong joins Oneglobal as head of client services
Singapore-based Wong will lead insurance broker's general lines of business and establish risk advisory services.
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- April 2 2025
Cyclone Alfred, north Queensland flood losses top US$751m
Insurers have received more than 105,000 claims following the two events at the start of 2025, according to the Insurance Council of Australia.
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- April 2 2025
Allianz Commercial Australia promotes John Whealans to head of broker partnerships
Sydney-based Whealans has been with Allianz since 2020, most recently as a national relationship manager.
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- April 2 2025
Australia MGA Agile hires Liz Geden as senior liability underwriter
Auckland-based Geden was previoulsy a casualty manager and team leader at Delta, where she had worked for over four years.
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- April 2 2025
Gallagher expands in Australia with Tresidder acquisition
Tresidder provides property and casualty brokerage services to commercial and personal lines clients across Australia from offices in Victoria and Queensland.
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- April 2 2025
Buyers make hay at 1.4 as reinsurers seek growth armed with record-high capital
InsuranceAsia News examines key takeaways from the April 1 renewals commentaries by Aon, Gallagher Re and Howden Re.
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- April 1 2025
Allianz Commercial Asia hands Will Slade expanded role as head of portfolio solutions
Singapore-based Slade will assume the new position in addition to his current responsibility as key relationship manager.
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- April 1 2025
Guy Carpenter promotes Stella Geng to head of distribution for APAC
Hong Kong-based Geng was most recently the reinsurance broker's head of climate solutions for Asia Pacific.
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- April 1 2025
Marsh India promotes Riddhiman Kundu
He has been with Marsh for over 10 years, having also worked for ICICI Lombard and ICICI Securities.
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- April 1 2025
Gard appoints Akira Arii as senior adviser, Japanese branch representative
Appointment comes ahead of the retirement of Shuichi Yoshida, who has held the position since 2022.
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- April 1 2025
April 1 renewal sees healthy reductions in Japan, South Korea as outcomes exceed expectations: Aon
Risk-adjusted rate reductions in the mid-to-high single digits were typical, with double-digit reductions in some territories.
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- April 1 2025
Japan rates see ‘accelerated softening’ at April 1: Gallagher Re
Buyers benefited from record reinsurance capital achieving better renewal outcomes with risk-adjusted price reductions and coverage improvements.
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- April 1 2025
Howden India appoints Aon’s Saurabh Verma as chief business officer
He will be in charge of promoting regional growth and strengthening client connections.
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- April 1 2025
Chubb promotes senior Hong Kong trio
Patrick Wong assumes role of head of global client executive, with Queency Chau and Barry Yu also promoted.
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- April 1 2025
‘Welcome reprieve for buyers’ at 1.4, Japan cat XoL rates down 10-15%: Howden Re
Risk-adjusted rate reductions in Asia Pacific and varied specialty renewal outcomes reflect ‘hard market softening’ at April 1, the broker said in its post-renewal report.
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- April 1 2025
Worst flooding in 50 years hits Australia’s western Queensland, over 100,000 livestock lost
State emergency services minister Dan Purdie says the area covered by water is 'double the size of Victoria'.
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- April 1 2025
Thai insurers set to halt free coverage in wake of devastating earthquake
Thai General Insurance Association president Somporn Suebthawilkul says insurers must reassess and adjust their strategies to manage growing risks from natural disasters.
