Country: Asia Page 2 / 405
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- April 29 2025
China United Property Insurance to maintain stable underwriting margin: Fitch Ratings
Global ratings agency affirms insurer financial strength rating of BBB+ with a stable outlook.
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- April 29 2025
India’s Bajaj Group seeks regulator’s nod to acquire Allianz SE’s 26% JV stake: report
Allianz SE agreed to sell its stake in its non-life and life insurance joint ventures for EUR2.6 billion (US$2.8 billion) in March.
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- April 28 2025
Price Forbes takes WTW veteran Kenichiro Miki as Japan head
Miki had established and led the Japan Global Practice Group (JGPG) for WTW Asia Pacific.
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- April 28 2025
Hanwha General Insurance to acquire 98.3% of Carrot Insurance: report
The deal will secure the general insurer management rights to the struggling digital insurance startup.
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- April 28 2025
Japan’s insurers settled US$2bn nat cat claims in FY24: GIAJ
Noto Peninsula earthquake was the largest event in terms of claims for the fiscal year that ended March 31, 2025, according to the General Insurance Association of Japan (GIAJ).
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- April 28 2025
Skuld CEO calls for inclusive approach to secure level playing field for ship owners
Stale Hansen discusses India's P&I ambitions, following in China's wake, and the high-stakes challenges of growing dark fleet.
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- April 28 2025
Former NTUC Income CEO questions NTUC secretary-general’s leadership over Income-Allianz deal
In an open letter on April 27, Tan Suee Chieh urged residents to hold Ng Chee Meng accountable for the failed deal prior to upcoming Singapore Parliament election.
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- April 28 2025
India’s Parliament to introduce bill allowing 100% FDI during monsoon session: reports
India's Insurance Amendment Bill will first be placed before Cabinet for its approval, after which the Department of Financial Services under the finance ministry would begin the introduction process.
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- April 25 2025
Chinese broker Yuanbao targets US$676m US IPO valuation: report
Existing shareholders express interest in buying up to US$17 million worth of American Depositary Shares (ADSs), according to Reuters.
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- April 25 2025
4 more Russian insurers seek India’s nod to provide marine cover for crude tankers: reports
Sberbank Insurance, Ugoria, ASTK and Balance Insurance have sought approval to offer P&I coverage for tankers calling at Indian ports, according to Reuters and Bloomberg.
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- April 24 2025
Thai insurers’ US$600-900m Myanmar earthquake losses to be absorbed by reinsurers: S&P Global
7.7-magnitude earthquake struck Myanmar and reverberated to Bangkok in March.
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- April 24 2025
Asia insurance rates down 3% in Q1 2025, fifth straight quarter of decline: Marsh
Property rates down 3%, while casualty placements saw a 2% decline, and finpro and cyber rates fell by 8%, according to the broker's Global Insurance Market Index.
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- April 24 2025
Shinkong gets rating upgrade on record results, underwriting gains: AM Best
Rating agency upgrades Taiwanese non-life insurer’s rating to a+ (excellent), while reviseing the outlook to stable.
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- April 24 2025
IRDAI chairman race heats up as frontrunners emerge: report
Insurance Regulatory and Development Authority of India (IRDAI) post has been vacant since Debasish Panda completed his three-year term in March.
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- April 24 2025
China to boost insurance support for cross-border trade amid tariff tensions
Action plan outlines protection across all foreign trade scenarios for enterprises expanding overseas to protect Chinese companies' offshore assets.
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- April 23 2025
Korean regulators may transfer MG Non-Life insurance contracts: reports
Samsung Fire & Marine, DB, KB, Hyundai Marine & Fire and Meritz Fire & Marine are reviewing a plan to form a joint due diligence corporation to takeover the struggling insurer's policies.
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- April 22 2025
Exclusive: Swiss Re Corporate Solutions to shut Hong Kong office, surrender licence
Commercial insurer will consolidate operations servicing Chinese corporations into its mainland offices, IAN can reveal.
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- April 22 2025
Steve Hutchinson to join Willis as P&C head for Hong Kong, Macau after 4-month Howden stint
Hutchinson, who had joined Howden as chief broking officer in January, will take over from Phil Timms, who will transition to a new role, as IAN first reported.
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- April 22 2025
MS&AD to invest up to US$5bn to double North America profits: report
Japanese insurer plans to continue its aggressive investment strategy moving forward, CEO Shinichiro Funabiki tells Bloomberg.
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- April 22 2025
Malaysia’s MNRB Holdings mulls hiving off takaful insurance businesses: report
Allianz Malaysia and Bank Rakyat are said to be keen on taking over Takaful Ikhlas Family and Takaful Ikhlas General.
