Country: Asia Pacific Page 27 / 641
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- June 10 2026
Philippines quake to weigh on reinsurers despite insured losses capped by low penetration: AM Best
While overall insured losses remain limited, multi-line losses from the 7.8-magnitude earthquake will impact reinsurers, reflecting the market’s reliance on global capacity.
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- June 10 2026
Steadfast draws US$5.4bn takeover bid from Amwins, Dragoneer
The consortium intends to act jointly to pursue the transaction, with Dragoneer acquiring ownership of the Australian intermediary's retail brokerage and Amwins acquiring the underwriting agency business.
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- June 10 2026
APAC insurance outlook neutral for 2026 despite rising claims cost: Fitch
Resilient capital buffers, disciplined underwriting and improving asset-liability management are offsetting market pressures across the regoon, hwoever, modestly higher claim inflation and tighter solvency rules are expected to challenge profitability.
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- June 10 2026
Market Lane promotes Bobby Major to head of ML specialty
Sydney-based Major has been with Market Lane since 2023, most recently business development manager for Australia and New Zealand.
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- June 10 2026
Asean renewable energy assets worth US$165bn facing severe climate risk exposure by 2030: Zurich
About 75% of total capacity is projected to face severe climate risk exposure by 2030, but US$82 billion in losses can be circumvented, according to Zurich.
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- June 10 2026
Munich Re Specialty continues Australia build-out, hires Angus Kench as commercial claims head
Sydney-based Kench, who joins from Liberty Specialty Markets, will start in his new role from July 1.
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- June 10 2026
Steadfast receives takeover offer
Australian broker's shares entered trading halt pending 'a potential control transaction', according to a stock exchange filing.
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- June 10 2026
Helia Group taps Mark Senkevics as CEO, managing director
Senkevics was most recently CEO for underwriting agencies at Steadfast Group.
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- June 10 2026
Risks are not new, but data centre demand to test Asian insurers’ mettle as capacity tightens
Soaring AI-driven construction across Asia Pacific is straining insurance capacity as fires, earthquake risks, and multi-billion-dollar price tags challenge underwriters.
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- June 10 2026
IAG warns New Zealand’s ‘piecemeal’ approach to natural hazards is unsustainable
Insurer has identified 42 gaps in the current nat cat resilience effort and proposed a 15-year roadmap to strengthen the country's risk reduction strategy.
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- June 9 2026
Saudi Re taps Ruchi Jain to lead Gift City operations
Appointment comes after the reinsurer received regulatory approval to establish a presence in India’s special economic zone in January.
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- June 9 2026
State Bank of India confirms listing plans for general insurance arm: reports
State-owned lender is planning to IPO SBI General Insurance and SBI Mutual Fund, chairman says.
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- June 9 2026
Australian AR network Sphere Insurance Group enters liquidation, ASIC filing shows
Queensland-based independent authorised representative network was founded in 2015.
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- June 9 2026
Chubb Australia appoints trio to manage key distribution relationships with Envest, Steadfast, Austbrokers
The insurer has promoted Mark Roberts, Annelisa Richardson and Brendan Behm to newly established national relationship manager roles.
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- June 9 2026
APAC’s P&C market sitting up, taking note as AI hits banking jobs
Up to 200,000 jobs could be lost globally in the next three to five years in the banking sector as a result of the increasing utilisation of AI.
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- June 8 2026
IGI secures Gift City licence as part of global expansion
The specialty (re)insurer expects to begin operations later this year.
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- June 8 2026
Aleksandra Kaczmarek returns to Coface as Asia Pacific head of sales
Singapore-based Kaczmarek joins from AIG, where she was head of multinational trade credit for APAC.
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- June 8 2026
Markel promotes Jenny Choi to head of casualty for greater China
Choi joined Markel in July 2024 as senior underwriter, international casualty, bringing 18 years’ experience across aviation, casualty and reinsurance.
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- June 8 2026
Lockton confirms Sandra Lee as Asia chief growth officer for risk solutions
Former BMS Asia CEO joins with Sam Suen and Mandy Lai to establish emerging risks team.
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- June 8 2026
Chubb Malaysia taps Generali’s Gurudutt Joglekar as deputy country president
Kuala Lumpur-based Joglekar, who has worked across India, Hong Kong and Malaysia, will report to Malaysia country president Jon Longmore.
