Country: Asia Pacific Page 38 / 536
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- March 4 2025
IRDAI extends 4% obligatory cession for FY26 renewals
Cession applies to policies attaching in the FY26, and will be placed with GIC Re.
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- March 4 2025
Thailand’s Allianz Ayudhya targets 12% premium growth amid product expansion
The carrier will focus on health, SME and home products, while also growing Allianz Commercial's property, engineering, transportation, and liability offerings for large businesses and corporates.
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- March 4 2025
Japan’s FSA to investigate life carriers’ reinsurance deals with global funds: report
Regulator is concerned about the concentration of reinsurers operating in Bermuda as the trend gains momentum ahead of a new solvency regime being introduced on April 1.
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- March 4 2025
Gallagher acquires New Zealand’s RMA General
Terms of the transaction were not disclosed, Gallagher said in a press release.
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- March 4 2025
Mitsui Sumitomo eyes global cyber expansion with US$30m Coalition investment
Funding builds on the Japanese insurer's strategic partnerships with the cyber specialist MGA in Australia and Japan.
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- March 4 2025
Analytics: Short-tail performance boost for Australia’s P&C carriers
APRA data shows general insurance COR improves in Q4 2024, while profit after tax almost doubles to US$1bn.
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- March 3 2025
Mercer Taiwan president Terence Hsu takes on expanded role as Marsh McLennan Taiwan CEO
Follows Seth Peller's appointment as CEO of Marsh McLennan for Hong Kong and Macau.
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- March 3 2025
Australian MGA Solution Underwriting rebrands as CFC
London-headquartered specialty MGA plans to launch services in liability and tech, media and intellectual property over the coming months following its acquisition of the Australian specialist in April.
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- March 3 2025
Portfolio rejig improving underwriting margins for India’s second-largest non-life general insurer: AM Best
Global ratings agency confirms financial strength rating of B++ (Good) and a long-term issuer credit rating of bbb+ (Good) for ICICI Lombard General Insurance Company.
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- March 3 2025
Allianz Malaysia’s FY24 general insurance GWP rises 13.8% to US$775m
But insurer refrains from issuing profit forecast or guarantee for FY25.
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- March 3 2025
Aon completes acquisition of Mitsubishi Chemical’s in-house agency business in Japan
Aon will provide corporate and personal lines insurance to MCG companies and its employees in Japan.
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- March 3 2025
Allianz Commercial appoints Rosa Ficarra as APAC ART head
Ficarra will relocate from London, and be responsible for new and renewal alternative risk transfer (ART) business in Asia and Australia.
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- March 3 2025
Civil unrest, crime to remain major threats in APAC in 2025: Willis
9% of clients reported incidents in the region in 2024, a gradual increase from 6% in 2023, amid a complex and multifaceted threat environment.
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- March 3 2025
Chubb to buy Liberty Mutual’s P&C arms in Thailand, Vietnam
Two Liberty insurance businesses produced approximately US$275m in net premiums written in 2024.
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- March 3 2025
MSI to improve underwriting profitability, driven by steady rate hikes: Fitch
Global rating agency affirms insurer rating of A+ (strong) with a stable outlook.
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- March 3 2025
APAC fac demand set to thrive in 2025 as buyers seek solutions for mixed bag of old, new risks
Increased interest in cyber products anticipated as local market continues to mature and specialised products come onstream.
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- March 3 2025
Thailand’s non-life 2023 underwriting profit at US$380m after US$1.5bn loss in 2022: AM Best
Rebound attributed to a rise in premium income and a decline in claims incurred, the rating agency said in its country report.
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- March 3 2025
Tune Protect’s insurance revenue up 4% to US$87.2m in FY24
Net insurance service result more than doubled, mainly attributable to improvement in the acquisition cost due to changes in the company's portfolio mix, as well as a lower reinsurance ratio.
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- March 1 2025
Suncorp to settle class action suit over add-on sales
Settlement must be approved by the Supreme Court of Victoria, but no date has been set for the hearing,
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- February 28 2025
HDI Global promotes Kirsten Murray to senior property underwriter
Perth-based Murray has been with HDI Global for almost 11 years.
