Country: Asia Pacific Page 7 / 617
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- May 28 2026
‘Asia is an active strategic focus’: Fidelis aims to bulk up property treaty, specialty lines
The Fidelis Partnership is targeting greater proximity and deeper local broker relationships in a region it sees as being an 'attractive market for decades to come', deputy chairman Charles Mathias tells InsuranceAsia News.
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- May 27 2026
South Korean financial regulator approves Lotte’s management improvement plan: reports
Korean insurer must implement its plan for 18 months, with the Financial Services Commission and Financial Supervisory Service monitoring the progress.
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- May 27 2026
Deutsche Rück flags Myanmar earthquake as biggest loss in 2025 as profits jump 45%
German reinsurer posts strong premium growth and improved underwriting, with international expansion underpinning strong outlook.
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- May 27 2026
Michael Hannigan returns to AIG in Australia
He begins a second stint following over two years at Berkshire Hathaway Specialty Insurance.
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- May 27 2026
Insured losses from late-November storms in Australia trimmed: Perils
Personal lines property losses represent 67% of the loss, while commercial lines property losses represent 21% and motor losses 12%.
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- May 26 2026
South Korea’s FTC raids 8 non-life insurers over suspected bid-rigging: report
- Industry associations
- South Korea
- DB Insurance
- Hanwha General Insurance
- KB Insurance
- Meritz Fire & Marine Insurance
- Samsung Fire & Marine
Fair Trade Commission conducted on-site investigations into suspected collusion in bids for corporate group accident insurance policies.
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- May 26 2026
Asia emerges as cyber growth frontier amid rising ransomware threats: CyberCube-UIB report
Vietnam recorded Asia’s fastest ransomware growth, while low cyber insurance uptake among SMEs and modest limits for large corporates point to major expansion opportunities, the report said.
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- May 26 2026
Lockton appoints Andrew Wansey as growth, client strategy leader in Australia
Sydney-based Wansey brings more than 30 years of experience, including 15 years at Marsh.
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- May 26 2026
GIC Re’s FY26 underwriting loss narrows to US$224m, COR improves to 104.66%
Carrier’s net profit for the financial year rose by 30% to top US$1bn, with GWP up at US$4.6bn.
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- May 26 2026
Levies on general insurers risk exacerbating insurance affordability pressures: ICA
Insurance Council of Australia (ICA) argues the general insurance industry should not subsidise misconduct claims by other subsectors of financial services under the Compensation Scheme of Last Resort (CSLR).
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- May 26 2026
Zurich’s US$11bn Beazley deal draws Australian antitrust scrutiny over ‘competitive overlap’
New mandatory merger control regime has prompted the the Australian Competition and Consumer Commission (ACCC) to examine whether the deal will affect the supply of specialty insurance products.
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- May 25 2026
China floods trigger US$110m in losses as claims top 33,000
Insurers have paid out US$31m in claims following heavy rains across southern and central China, according to the National Financial Regulatory Administration.
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- May 25 2026
Tower elevates Michael Skeens to chief operating officer
Former customer contact centre head will be responsible for leading the Kiwi insurer's operational hubs, teams, systems and processes.
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- May 25 2026
Beyond the canvas: APAC fine art and specie insurance boom fuelled by rising risks, shifting wealth patterns
Industry insiders tell InsuranceAsia News that wealth accumulation, art-finance links, and softer pricing drive insurer interest, while geopolitical and transit risks reshape underwriting.
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- May 24 2026
South Korea’s DB Insurance set to complete Fortegra acquisition
Insurer will acquire 100% of the outstanding shares of the US specialty carrier for US$1.65bn in an all-cash deal.
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- May 22 2026
Gallagher Re confirms Carlos Grijalva as APAC head of cyber
Hong Kong‑based Grijalva’s move to join the reinsurance broker was first reported by InsuranceAsia News last month.
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- May 22 2026
South Korea to offer US$200m war-risk cover for small shippers in Strait of Hormuz
Financial Services Commission will also explore the creation of a reinsurance program to extend coverage to larger vessels with significant economic impact.
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- May 22 2026
Anthony Hong joins Howden as head of surety for Asia
He joins after six years at Aon in Singapore and South Korea.
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- May 22 2026
‘We get Asia, we’re committed, we’re long term’: Miller charts selective growth in Japan, South Korea, and beyond
Specialist (re)insurance broker's regional expansion has gathered steam over the last two years under the ownership of Singaporean sovereign wealth fund GIC, with Malaysia being considered for future expansion, head of Asia Ron Whyte tells InsuranceAsia News.
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- May 21 2026
Munich Re taps Gavin Maistry to lead APAC MEA L&H as Daniel Cossette retires
Singapore-based Maistry was most recently the reinsurer’s global chief actuary for life and health.
