Country: Asia Pacific Page 25 / 556
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- July 20 2025
Allianz ties up with Jio Financial for India reinsurance foray
Two companies also enter into a non-binding agreement for equally owned general and life insurance JVs.
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- July 18 2025
South Korea hit by torrential rain with 4 dead, 500 properties damaged
Over 400mm of rain fell over three days, with most rain-related fatalities reported in South Chungcheong province.
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- July 18 2025
Tonga renews US$17m multi-peril cover with PCRIC
Renewed policy is expected to provide coverage for tropical cyclones, earthquakes, tsunamis, and droughts, and will have a US$1m premium contribution from the Tongan government.
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- July 18 2025
‘Time for us to leave’: German legal insurer Arag set to exit Australia market
Arag had partnered with HDI Global Specialty to set-up Arag Services Australia in July 2019.
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- July 18 2025
Howden India bolsters M&A team by hiring Marsh’s Saloni Bhandari as senior VP
Mumbai-based Bhandari has also been named co-head of transactional risk for India.
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- July 18 2025
Crawford confirms Tony Chapman as new head of global technical services for Asia
Appointment of Singapore-based Chapman confirms an earlier exclusive from InsuranceAsia News.
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- July 18 2025
Seadrif, Gallagher Re pioneer multi-peril parametric sovereign disaster risk policy for Laos
The two-year cover, first to use a government-reported impact-based trigger, expands the original flood-only placement to include typhoon, earthquake, and landslide.
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- July 18 2025
Opinion: How far must temperatures rise before APAC commercial market really walks away from climate risk?
Region is right in the firing line when it comes to climate risk given the increasing scale and frequency of insured losses in recent years.
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- July 17 2025
Toa Re’s FY24 net income grows 83% to US$190.4m, driven by investment gain
Net premiums written, however, fell by 1.8% year on year to US$1.8bn.
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- July 17 2025
Allianz Trade promotes Ivy Wanda Sthefvanie to Indonesia commercial manager
Sthefvanie has been with Allianz Trade for nearly seven years since July 2012, most recently as an account manager.
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- July 17 2025
Envest targets New Zealand expansion, winds up PSC Connect network offering
Envest Group says it will focus on building its branch network under the PSC Insurance Broking banner after the 'difficult decision' was made to wrap up the PSC Connect network after 13 years.
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- July 16 2025
Aon promotes APAC veteran George Attard to global head of strategy for reinsurance in senior leadership rejig
Broker also announced appointments of Alfonso Valera as CEO of international for reinsurance, responsible for UK, EMEA and APAC, and Tomas Novotny as chairman of international for reinsurance.
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- July 16 2025
MSIG paid out claims totalling US$44.3m in Hong Kong and Macau in 2024
Insurer's claims settlement ratio reached 94.5%, rising for the third consecutive year, up from 92.4% in 2021.
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- July 16 2025
India’s insurance regulator sets up committee to vet licence applications: reports
Insurance Regulatory and Development Authority of India also approves the first stage of an application from Kiwi General Insurance.
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- July 16 2025
MSIG Asia snaps up Marsh’s Tijen Joshi for energy, power and construction role
Singapore-based Joshi spent the last two years at Marsh as a senior vice president for claims solutions.
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- July 16 2025
US$1.3bn Myanmar earthquake biggest non-US insured loss event in H1 2025 as global total tops US$84bn: Gallagher Re
‘Psychological threshold’ question, the report says, is when will the insurance industry face its first US$200bn nominal annual loss year?
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- July 16 2025
Markel confirms Chelsea Jiang as greater China managing director
Hong Kong-based Jiang previously was chief technical and innovation officer for general insurance at Axa greater China.
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- July 16 2025
Global insured losses in H1 expected to reach US$100bn: Aon
Myanmar earthquake was the biggest uninsured loss, as insurers covered less than US$100m from the total economic damage of US$12bn.
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- July 16 2025
Tokyo flooding to bring minimal losses, but highlights growing need to adjust underwriting strategies, flood models
While the event may not significantly impact (re)insurance pricing, loss adjusters told InsuranceAsia News that insurers need to respond to increasing attritional nat cat losses.
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- July 16 2025
Christian Stobbs appointed Markel Insurance chief strategy and corporate development officer
Stobbs, who was APAC managing director since 2019, will be based in the US and report to CEO Simon Wilson.
