Country: Asia Page 14 / 421
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- May 27 2025
GIC Re’s FY25 underwriting loss at US$403m, COR improves to 108.8%
Carrier’s net profit for the financial year rose by 3.1% to US$784.3m, while GWP grew by 10.7% to US$4.8bn.
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- May 27 2025
Gallagher Re acquires Beijing-based broker Nongxin
Global broker will launch a new platform designed to deliver a comprehensive range of services, China CEO Jia Lou says.
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- May 23 2025
Generali completes sale of Philippines life business
Italian insurance group had signed an agreement to sell its 100% stake in Generali Life Assurance Philippines to The Insular Life Assurance Company in December.
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- May 23 2025
Towngas, FSE Nova JV acquires Hong Kong broker Pacific World
Combined entity will invest more resources and capabilities to provide insurance broking services to 42 million Towngas household customers in Hong Kong and mainland China.
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- May 23 2025
Hong Kong insurers to maintain resilient capital positions: Fitch
Hong Kong Financial Reporting Standard 17 and the Hong Kong risk-based capital (HKRBC) regime have been rolled out in recent years.
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- May 23 2025
SMBC Aviation’s insurance settlements for jets stranded in Russia reach US$1.4bn
Japanese aircraft lessor says it received US$24m in FY25 and US$630m, in addition to a US$756m settlement from Russian insurer NSK in 2023.
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- May 23 2025
Axa ‘among the first’ to utilise new Hong Kong re-domicile regime, to move Bermudan unit
Hong Kong government passed the inward company re-domiciliation regime last week.
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- May 22 2025
German insurer SV partners with Japan’s Zenkyoren to debut US$100m earthquake bond
The 3-year bond covers losses from Japan on an indemnity basis and across Germany on a parametric basis.
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- May 22 2025
Lockton promotes Piers Hughes to head of placement for Asia
Singapore-based Hughes has been with Lockton for almost five and a half years.
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- May 22 2025
Lloyd’s elevates Janus Cheung to head of market development for Asia
Singapore-based Cheung has been with Lloyd's for almsot two and a half years.
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- May 22 2025
Philippines’ insurance penetration grows to 1.89% in Q1 2025: IC
The Insurance Commission attributed the improvement to the faster premium growth, with the non-life NWP rising 19.3% to US$365m, mostly supported by the motor and fire lines.
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- May 22 2025
Axa XL gives Jamie Chambers expanded role as greater China CEO
Chambers will continue to lead Hong Kong business while also taking on broader leadership responsibilities across China, Macau, and Taiwan.
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- May 21 2025
MSIG Singapore names Jerry Pai as senior vice president, head of corporate distribution
Pai, who has over 20 years of senior leadership experience in financial services, joins from St. James' Place.
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- May 21 2025
Japanese insurance groups lean on overseas arms to post record results
The country's big three insurers reported a mixed bag of domestic results, but international businesses posted strong growth.
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- May 20 2025
AIG takes Chubb’s Thanathon Kiratipasuk as Thailand GM, CEO
Bangkok-based Kiratipasuk spent the last 13 years at Chubb, most recently as chief of consumer lines
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- May 20 2025
FWD Group’s Hong Kong IPO would be ‘credit positive’: Moody’s Ratings
Hong Kong-based insurer said on Monday that it had refiled its application, in what is a third attempt to list in the city.
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- May 20 2025
Tokio Marine Group’s FY24 NWP up 10% to US$36.7bn
Top-line results in line with the projections and strong due to rate increases domestically and internationally, product revisions for fire and motor and expanded specialty lines sales.
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- May 20 2025
MS&AD nearly doubles group profits to US$5bn, driven by record domestic results
Overseas subsidiaries achieved 35% profit growth despite a decline in profits for Lloyd's and reinsurance.
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- May 20 2025
Gallagher India appoints Venu Matoory as oil, gas and petrochemical risk specialist
Mumbai-based Matoory will be driving growth in the specialised segment of crude, chemical, and gas tankers, using his on-ground experience as an ex-mariner.
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- May 20 2025
Opinion: Without a captain of the ship, are India’s insurance reforms in danger of being blown off course?
As the sector enters a 'seminal period of transformation', the Insurance Regulatory and Development Authority (IRDAI) has been without a chairman for over two months after Debasish Panda completed his three-year term in March.
