Country: Asia Page 6 / 406
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- April 1 2025
Korean broker Wise boosts reinsurance team with Drew Yoo appointment
He previously worked for HIS Korea for over three and a half years as a treaty broker.
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- April 1 2025
Keisuke Miura promoted to corporate, commercial leader for Marsh Japan
He will relocate from Singapore to Tokyo, having spent almost 13 years with Marsh.
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- April 1 2025
South Korea wildfire claims to ‘pour in’, Japan to see minimum insured losses
Some 48,000 hectares were burned in South Korea, with just over 1,000 hectares impacted in two Japanese prefectures.
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- April 1 2025
Aon Re names Soeren Soltysiak Asia CEO in regional leadership rejig
Reinsurance solutions also appoints Musa Adlan as MD for Asia and announced new co-heads for L&H, retrocession and a chairman for APAC specialty.
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- April 1 2025
MS&AD Group’s M&A activity affordable, to help earnings: S&P
The merger of Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance may lead to elimination of overlapping business activities.
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- March 31 2025
South Korea’s new capital requirements to reduce insurers’ burden, enhance quality: Fitch
Introduction of a mandatory core capital ratio requirement will tighten the quality of capital that insurers hold.
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- March 31 2025
China Re’s P&C net profit up 69% to US$716m, COR deteriorates to 99.86%
Net profit from domestic primary P&C insurance business quadruples to US$206m.
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- March 31 2025
Peak Re posts US$187m net profit in FY24, GWP flat at US$1.76bn
Hong Kong reinsurer’s revenue decreased 25.7% to US$1.16bn, according to unaudited results from Fosun International.
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- March 31 2025
Hong Kong’s Peak Re makes India foray with GIFT City branch
Office in the offshore special economic zone will be led by Sudhir Salian, managing director and head of India.
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- March 31 2025
Myanmar’s protection gap exposed as 7.7-magnitude earthquake death toll tops 1,600
The financial burden from the damage to buildings, airports, roads and bridges, is likely to fall on businesses and the government as insurance penetration in the country remains very low.
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- March 28 2025
Japan Post agrees US$3.6bn block reinsurance deal with Talcott Life Re
Japanese life insurer will continue to service and administer the reinsured in-force payout annuities.
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- March 28 2025
Mitsui Sumitomo agrees to acquire 15% in WR Berkley for about US$3.8bn
Japanese insurer will buy the shares through open market purchases or private transactions with third parties and expects to complete the acquisition by March 2026.
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- March 28 2025
7.7-magnitude earthquake rocks Myanmar, leads to road and property damage in Bangkok
Earthquake also shook buildings and triggered evacuations in neighbouring Vietnam and southwest Yunnan province in China.
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- March 28 2025
PICC P&C FY24 underwriting profit drops by 43.9% to US$759m
COR deteriorated from 97.8% to 98.8% due to the impact of severe disasters and accidents, as well as the rise in cost of debt following a decrease in the discount rate.
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- March 28 2025
MS&AD to merge Mitsui Sumitomo and Aioi Nissay Dowa by April 2027
Merger aims to create a domestic non-life carrier with leading market share, the Japanese insurance group said.
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- March 28 2025
Exclusive: AIG’s Vivian Chow set to join Berkley Insurance Asia in Hong Kong
Chow was most recently regional construction professional indemnity manager at AIG.
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- March 28 2025
Iris Lee joins Howden as Asia marine team divisional director
Hong Kong-based Lee most recently spent just over a year with OneGlobal Broking, having previoulsy worked for over 10 years at Marsh.
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- March 28 2025
With floods high on the list of perils in Asia, modeller gets its feet wet into China and Australia
JBA has announced a partnership with China’s Ping An Insurance and has also launched a new comprehensive Australian inland flood model.
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- March 27 2025
‘Damages snowballing’ as Korea’s worst-ever wildfire rages on
The fire in the country's southeastern Gyeongsang province has burned through more than 36,000 hectares as death toll rose to 27, destroyed hundreds of structures and affected multiple cities and towns.
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- March 27 2025
Zurich names Dominic Tarquini as head of commercial insurance in Hong Kong
Tarquini joined Zurich in 2022 from Aspen Insurance, having previously worked for QBE Europe.
