Country: Asia Pacific Page 23 / 556
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- July 28 2025
Opportunity knocks for Australia as regulator keeps (re)insurance market waiting over proposed major reforms
Relaxation of requirements by the Australian Prudential Regulatory Authority are set to provide a considerable boost to the alternative risk transfer sector.
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- July 28 2025
Hong Kong P&C market posts US$112m underwriting profit in Q1 2025: HKIA
The SAR's direct insurers posted an underwriting profit of US$140m, while the inward reinsurance segment posted an underwriting loss.
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- July 25 2025
Wipha economic losses to run into ‘hundreds of millions’: Aon
Wipha passed through the Philippines, China, and Vietnam from July 18-24.
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- July 25 2025
Steadfast CFO Stephen Humphrys to retire
Hannah Lee, the current group financial controller, will become acting chief financial officer.
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- July 25 2025
Pricing, prudent underwriting to sustain Bao Viet Insurance’s strong performance: AM Best
AM Best assigns an insurer rating of B++ (good) with a stable outlook, driven by its very strong balance sheet, adequate operating performance and neutral business profile.
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- July 25 2025
India’s reinsurance market poised for massive growth, driven by infrastructure boom: Policybazaar for Business
Co-founder and chief business officer Tarun Mathur tells InsuranceAsia News that the one-stop digital insurance platform is also eyeing business expansion in the Middle East and Southeast Asia.
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- July 24 2025
India appoints former finance secretary Ajay Seth as IRDAI chairman
The all-important regulatory post has been lying vacant for over four months, after the tenure of the previous chairman Debasish Panda ended in March.
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- July 24 2025
Specialty broker Consilium opens Singapore office, appoints Descartes’ Rob Drysdale as CEO
Cedent fac specilaist will initially focus on property, power and energy in the region.
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- July 24 2025
MS Amlin names Christiern Dart as CEO, Andrew Carrier moves to Mitsui Sumitomo group role
Dart, who joins from Brit, will start in January, with incumbent Carrier joining MSI as executive officer.
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- July 24 2025
Asia insurance rates drop 5% in Q2 2025, sixth straight quarter of decline: Marsh
Property rates down 5%, while casualty placements saw a 2% decline, and finpro and cyber rates fell by 7%, according to the broker's Global Insurance Market Index.
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- July 24 2025
Allianz Partners hires senior underwriter from Allied World
Hong Kong-based Juan Ibarra Santos has joined Allianz group's affinity and assistance business as a senior group underwriter.
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- July 24 2025
Pacific rates continue to decline, falling 11% in Q2: Marsh
Property rates drop by 13%, casualty falls 5%, while finpro and cyber see drops of 10%.
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- July 24 2025
New Zealand brokers’ association names new CEO
Katherine Wilson is currently head of advocacy at the Property Council of New Zealand.
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- July 24 2025
India’s state banks looking to unlock value from insurance ventures: report
In a review meeting last month, several banks shared their disinvestment plans with the finance ministry.
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- July 24 2025
QBE signs up Sure to distribute intermediated home cover in Australia
Australian insurer will no longer offer domestic householders’ insurance directly through its broker channel from the start of October.
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- July 24 2025
Asia’s asset-intensive reinsurance outlook remains ‘bullish’: Gallagher Re’s Jeffrey Seow
Head of life and health in the region tells InsuranceAsia News that capital markets volatility will drive deal flow.
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- July 23 2025
Tower discontinues multi-policy discounts as efforts to fix errors falls short
Kiwi insurer says it had made significant investments to upgrade its systems and processes following regulatory action.
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- July 23 2025
Steadfast Group-owned Miramar ropes in AIG veteran Michael Mackenzie as head of underwriting technical services
Melbourne-based Mackenzie spent over nine years at AIG, having also worked for the likes of Allianz, Zurich, Chubb, and CGU.
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- July 23 2025
Allianz Commercial India branch will transfer to new Jio JV as fac desk
Treaty operations will be managed by Allianz Reinsurance, the company told InsuranceAsia News.
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- July 23 2025
Japan P&I Club posts 69.2% combined ratio in FY24
Club said its financial year, which ended March 2025 was characterised by a 'noticeable increase in large claims' such as the Baltimore Bridge collapse.
