Country: Asia Pacific Page 6 / 510
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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.
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- March 26 2025
Japan P&I Club overall tonnage falls 3% during 2025 renewal
The club had announced a 7% premium hike in 2025 for owners’ and charterers’ entries.
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- March 26 2025
Any port in a storm: Trump’s US port fee threat rocks the boat, but what does it mean for insurers?
Proposed US$1.5m levy per port call for ships with Chinese ties adds a layer of complexity for shipowners, charterers, and cargo interests.
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- March 25 2025
Generali completes acquisition of China P&C business
The Italian insurer has received all regulatory approvals to take full ownership of the mainland P&C business
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- March 25 2025
Lloyd’s coverholder Salt promotes Iain Sharples to head of underwriting
He has been with the Australian MGA since April 2023, having previously worked at Zurich Financial Services Australia and Thomas Miller.
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- March 25 2025
South Korea’s P&C insurers’ net income up 3.1% to US$5.8bn in 2024
Insurance income marginally down by 1% to US$5.6bn due to higher loss ratios for motor insurance, according to preliminary statistics from the Financial Supervisory Service.
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- March 25 2025
Specialist Risk Group formally launches in APAC with Singapore hub
Business says it will focus on delivering solutions for difficult and hard-to-place risks, with an emphasis on specialty lines and complex P&C.
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- March 25 2025
Cyclone Alfred losses estimated at US$1b: ARPC
Total cyclone pool coverage period for ex-Tropical Cyclone Alfred was close to 10 days at 237.5 hours, according to the Australian Reinsurance Pool Corporation (ARPC).
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- March 25 2025
Taiping Re’s FY24 service results double to US$75m, COR improves to 92.7%
Hong Kong-based reinsurer’s total premium for the last financial year decreased by 5.1% to US$2bn.
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- March 25 2025
FSA issues business improvement orders to Japanese non-life insurers over information leaks
- Regulatory
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
Regulator says 2.7m sets of information on rivals' clients were leaked by employees on loan to multi-client insurance agencies.
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- March 25 2025
Everest hands Henry Ang dual PVT, property role
Singapore-based Ang assumes role of head of political violence and terrorism for Asia, as well as property underwriting.
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- March 25 2025
Howden names Rajesh Singh as head of property in India
He has been with Howden since October 2023, having previously worked for the likes of Hero Insurance Broking, Alliance Insurance Brokers and Marsh.
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- March 25 2025
Wongi Kim to succeed Andy Ryoo as Allianz Trade’s South Korea country manager
Ryoo, who has worked at the trade insurer for 22 years, is retiring.
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- March 25 2025
Ready for kick off: insurers eye their time in the spotlight as Hong Kong’s Kai Tak opens its doors
As city gears up for rugby Sevens and Coldplay at its new venue, event insurance in Asia Pacific could finally be on the cusp of reaching pre-Covid levels.
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- March 25 2025
Chinese insurers could benefit from DeepSeek, albeit with risks: AM Best
Several smaller insurers might be able to bring down their operating costs due to DeepSeek’s lower cost and operational features.
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- March 24 2025
GIC Re’s terrorism risk rate cut could slash premiums by up to 15%: report
India has not faced a major terrorism loss since the Mumbai terrorist attacks in 2008.
