Country: Asia Page 27 / 455
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- October 14 2025
Lawmakers to question major Korean carriers over high disaster insurance premiums, margins: report
- Insurers
- South Korea
- DB Insurance
- Hanwha General Insurance
- Hyundai Insurance
- KB Insurance
- Meritz Fire & Marine Insurance
- Samsung Fire & Marine
The National Assembly has summoned chief executives of Samsung Fire & Marine, DB Insurance, Hyundai Marine & Fire, KB Insurance, Hanwha General Insurance, Meritz Fire & Marine and NH NongHyup Property & Casualty Insurance.
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- October 14 2025
Marine insurance rates may rise following Sri Lanka’s US$1bn plastic spill ruling: report
A cargo ship owned by Singapore’s X-Press Feeders, insured by London P&I Club, spilt tens of billions of petrochemical pellets and burnt plastic, oil and chemicals into the ocean off Colombo in 2021.
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- October 14 2025
MS&AD to put Hawaiian unit DTRIC into run-off
It will continue to administer all active policies, manage claims and meet its contractual and statutory obligations over the next several years.
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- October 14 2025
China’s retaliatory port fees on US-linked vessels adds to maritime disruptions
A US$56 per net ton fee will be charged at Chinese ports from vessels that US flagged, built or are owned or operated by US enterprises, meanwhile, the country has also banned Korean shipbuilder Hanwha Ocean's US subsidiaries in escalating tensions.
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- October 13 2025
Allianz Trade promotes Yusuke Hata to regional head of Japan desk for North Asia and Singapore
Hata was previously sales manager for the firm since joining the trade credit insurer in 2022.
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- October 13 2025
Generali Thailand targets half a billion dollars in GWP this year: report
The insurer intends to bank on digital innovation, multi-channel distribution, and the growing demand for health and life insurance to sustain double-digit growth.
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- October 13 2025
Texel Asia expands broking team with double appointment
Jaime Stork joined as an associate director, while Brandon Woo will join as a broker and will report to Angela Chang, managing director of Texel Asia.
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- October 13 2025
China Re-backed broker Huatai partners with BMS Group for marine initiative
The mainland intermediary will coordinate domestic underwriting, while BMS’ specialist arms BankServe and CLP will do international ceding of risks.
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- October 10 2025
Vietnam’s 2025 nat cat economic losses top US$1.3bn
Typhoon Matmo over the weekend expected to add hundreds of millions of dollars in losses to the region recovering from the Typhoon Bualoi the week before.
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- October 10 2025
Aon names Simon Chisholm as Asia reinsurance solutions chairman
Singapore-based Chisholm will report to Asia CEO Soeren Soltysiak and will have focus on deepening relationships with key clients in Japan and Thailand.
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- October 10 2025
Ramon Zandueta, ex-Marsh Philippines CEO, takes the helm at KRM Re
Zandueta, who took charge of the Filipino broker last month, was most recently president and CEO of Oona Philippines.
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- October 10 2025
Magnitude 7.4 earthquake jolts Philippines even as Cebu losses mount
The country is still recovering from a 6.9 quake that struck off Cebu island on September 30 that left at least 74 people dead and displaced thousands.
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- October 10 2025
GIC Re’s strong capitalisation to offset underwriting stress: AM Best
The rating agency has affirmed a financial strength rating of A- (excellent), long-term issuer credit rating of “a-” (excellent) having upgraded the rating last year.
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- October 10 2025
Non-life portfolio rejig, life and specialty lines expansion to strengthen Nat Re underwriting results: AM Best
AM Best has affirmed Nat Re’s rating of B++ (good) with a stable outlook driven by its strong balance sheet, adequate operating performance and neutral business profile.
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- October 9 2025
Premium growth, economic resilience benefit Indonesian non-life insurers despite underwriting pressures: AM Best
The rating agency maintained a stable outlook on Asean country's non-life insurance segment, reflecting expectations of continued premium expansion.
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- October 9 2025
Aon promotes Joe Gardner to Asian broking leader for crisis management
Gardner joined the broker in 2022 as director for terrorism from WTW.
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- October 9 2025
Aon elevates Wee Teck Tea to spearhead commercial risk solutions in Singapore
Tea has been with the global broker for over 14 years, most recently as executive director, head of P&C, affinity, claims.
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- October 8 2025
Hannover Re names Kantaporn Thejatunga (Jan) as L&H GM in Malaysia
Thejathunga succeeds Soeren Kruse, who was appointed head of life and health for southern and eastern Asia earlier this year.
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- October 8 2025
Rajesh Pawar to become interim MD at GIC Re as Ramaswamy Narayanan retires: reports
Pawar is currently a general manager of the Indian state-owned reinsurer.
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- October 8 2025
MSFC upgraded amid robust capital position, stable underwriting: AM Best
Global rating agency upgrades MS First Capital Insurance's (MSFC) rating to A+ (superior) from A (excellent), while its rating outlook was revised to stable from positive.
