Country: Asia Pacific Page 5 / 510
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- March 28 2025
Japan Post agrees US$3.6bn block reinsurance deal with Talcott Life Re
Japanese life insurer will continue to service and administer the reinsured in-force payout annuities.
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- March 28 2025
Mitsui Sumitomo agrees to acquire 15% in WR Berkley for about US$3.8bn
Japanese insurer will buy the shares through open market purchases or private transactions with third parties and expects to complete the acquisition by March 2026.
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- March 28 2025
7.7-magnitude earthquake rocks Myanmar, leads to road and property damage in Bangkok
Earthquake also shook buildings and triggered evacuations in neighbouring Vietnam and southwest Yunnan province in China.
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- March 28 2025
PICC P&C FY24 underwriting profit drops by 43.9% to US$759m
COR deteriorated from 97.8% to 98.8% due to the impact of severe disasters and accidents, as well as the rise in cost of debt following a decrease in the discount rate.
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- March 28 2025
MS&AD to merge Mitsui Sumitomo and Aioi Nissay Dowa by April 2027
Merger aims to create a domestic non-life carrier with leading market share, the Japanese insurance group said.
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- March 28 2025
Lloyd’s coverholder Salt appoints Lee Maureen Santiago as marine underwriter
Sydney-based industry veteran previously worked at Allianz Marine and Transit Underwriting Agency for over 12 years.
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- March 28 2025
Exclusive: AIG’s Vivian Chow set to join Berkley Insurance Asia in Hong Kong
Chow was most recently regional construction professional indemnity manager at AIG.
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- March 28 2025
Iris Lee joins Howden as Asia marine team divisional director
Hong Kong-based Lee most recently spent just over a year with OneGlobal Broking, having previoulsy worked for over 10 years at Marsh.
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- March 28 2025
‘You can’t do it as a hobby’: ESG must be a clear business model with easily measurable targets
Allianz Re's Kenrick Law says that while implementing sustainability targets can be challenging in markets like Asia, the industry needs to raise awareness, share best practices, and create transparency.
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- March 28 2025
With floods high on the list of perils in Asia, modeller gets its feet wet into China and Australia
JBA has announced a partnership with China’s Ping An Insurance and has also launched a new comprehensive Australian inland flood model.
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- March 27 2025
‘Damages snowballing’ as Korea’s worst-ever wildfire rages on
The fire in the country's southeastern Gyeongsang province has burned through more than 36,000 hectares as death toll rose to 27, destroyed hundreds of structures and affected multiple cities and towns.
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- March 27 2025
Zurich names Dominic Tarquini as head of commercial insurance in Hong Kong
Tarquini joined Zurich in 2022 from Aspen Insurance, having previously worked for QBE Europe.
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- March 27 2025
Australia extends deadline for US$125m disaster mitigation grant due to Cyclone Alfred
The application deadline for the third round of the Disaster Ready Fund, focused on large-scale infrastructure, has been extended by two weeks from April 2.
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- March 27 2025
China Pacific Insurance’s P&C underwriting profit falls 35.5% to US$372m in FY24
Underwriting COR deteriorated by 0.9 percentage points to 98.6% due to a loss ratio that worsened to 70.8%.
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- March 27 2025
Howden Re to launch in Taiwan, led by Gallagher Re’s Jimmy Tsai
Tsai will join the broker as managing director from June as part of Howden Re's Asia expansion.
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- March 27 2025
India infrastructure boom builds reinsurance demand at 1.4
Property, engineering and liability lines see growth, but rates remain flat to down, says Howden’s Prateek Singhal.
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- March 27 2025
Amid abundant capacity, 1.4 renewals could see double-digit rate drop: Aon’s George Attard
APAC reinsurance solutions CEO tells IAN ahead of key renewals that a continuation of 1.1 dynamics has resulted in a favourable environment for buyers.
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- March 26 2025
Carbon credit specialist Kita expands capacity to US$24m
MGA's capacity is provided by Chaucer, Munich Re Syndicate, RenaissanceRe and Tokio Marine Kiln.
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- March 26 2025
Swiss Re CorSo promotes Nupur Sharma to senior property underwriter
Singapore-based Sharma has been with the company for eight and a half years, having previously worked for Allianz Global Corporate & Specialty.
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- March 26 2025
Arch Insurance Australia increases property capacity limit to US$31.5m
The carrier's property team offers property and business interruption coverage, with target markets being low-hazard occupancies with active risk management practices.
