Country: Asia Pacific Page 36 / 551
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- May 14 2025
Howden-owned MGA Dual promotes Stewart Eaton to ANZ head of liability
Eaton joined the MGA in late 2023 and has been head of liability for New Zealand before assuming the new role.
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- May 14 2025
APAC faces billion-dollar economic losses from Q1 wildfires: Aon
The costliest event for APAC insurers was ex-Tropical Cyclone Alfred, while Myanmar earthquake was the costliest economic loss in the region, with damages expected to reach billions of dollars.
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- May 14 2025
Axa XL boosts India team, taps Swiss Re’s Saumitra Sharma as CUO
Specialty (re)insurer has made five new hires in the country across underwriting and claims, the additions follow the onboarding of new CEO Alok Shukla on April 1.
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- May 14 2025
Munich Re, Hannover Re report Asia growth despite falling rates
LA wildfires losses impact Q1 results, with Munich Re reporting US$1.2bn losses, while Hannover Re's costs top US$700m.
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- May 13 2025
Zurich Singapore hands out 2 expanded property, financial lines leadership roles
Christy Yeo appointed head of property, and Wendy Ong appointed head of financial lines.
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- May 13 2025
Howden Asia hires ecosystems industry veteran Daniel Fairweather
Singapore-based Fairweather was previously executive director at Gallagher and divisional director at WTW.
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- May 13 2025
Korea’s FSC to establish bridge insurer for MG Non-Life reorganisation: report
Temporary insurer will be funded by Korea Deposit Insurance Corporation to manage the troubled carrier's insurance contracts and transfer to other non-life carriers.
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- May 13 2025
Lotte Insurance plans capital raise as it postpones US$64m bond redemption: reports
Carrier's plans to exercise a call option ran into opposition from regulator FSS due to low capital ratio.
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- May 13 2025
APRA authorises IAG-backed CGU Australia as new general insurer
IAG had announced it will restructure CGU and WFI Insurance brands by centralising specialist expertise.
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- May 13 2025
Gallagher Re taps Swiss Re’s Satoshi Yamazaki as senior manager in Tokyo
Yamazaki has held senior treaty and facultative underwriting positions at Swiss Re and XL Catlin.
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- May 13 2025
India-Pakistan tensions put pressure on pricing, capacity as carriers remain cautious
Market is unlikely to face significant losses due to limited appetite for risks associated with high exposure near the border region, says industry expert.
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- May 12 2025
Chair of federal flood insurance inquiry named Australian financial services minister
ICA welcomed Anthony Albanese's second Labor government and assistant treasurer and financial services minister Daniel Mulino.
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- May 12 2025
Allianz Commercial appoints Roy Kang as property underwriter in Tokyo
Kang previously worked at Hyundai Marine & Fire Insurance for almost nine years, focusing on reinsurance underwriting.
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- May 12 2025
Axa XL Australia hires trio to expand property, construction, energy claims team
Tylie Petrovski, Rebecca Williams and Ilija Bogoevski have joined the insurer in Brisbane and Sydney.
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- May 12 2025
McLardy McShane acquires authorised representative Stewart Insurance
Melbourne-based broker has been a corporate authorised representative of McLardy McShane for about 10 years.
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- May 12 2025
Korea P&I club gets rating outlook downgrade as 2024 COR climbs to 204%: AM Best
Rating agency has revised the outlook to negative from stable and affirmed the financial strength rating of B++ (Good) and the long-term ICR of bbb+ (Good) of the club.
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- May 12 2025
Lotte Insurance faces regulatory block on US$64.2m bond redemption amid capital concerns
Under the current supervisory regulations, early redemption is only allowed if the solvency ratio K-ICS remains above 150% after redemption but South Korea's financial regulator estimates the ratio would drop to 127.4% following the redemption.
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- May 9 2025
Cut taxes to bring relief to Australian policyholders, QBE chairman says
Australia’s state government insurance taxes raised US$2.2bn more than the entire industry’s profits in 2024.
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- May 9 2025
‘No barriers’ to ILS activity in Asia, says Peak Re’s Iain Reynolds
With the current soft market, investors are being offered 'quite a lot of deals', requiring issuers to fight for attention, the director of third-party capital at the Hong Kong-based reinsurance specialist tells InsuranceAsia News' Between The Lines podcast.
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- May 9 2025
India to revive plan to merge 4 general insurers: report
Merger would create a non-life carrier with the highest market share in India and help the government’s mission of 'insurance for all' by 2047.
