Country: East Asia Page 1 / 209
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- April 9 2025
Carrot Insurance considering merger with parent Hanwha amid financial troubles
The digital carrier CEO Moon Hyo-il reportedly told employees that they are reviewing a capital increase and a merger with its parent.
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- April 9 2025
APAC protests, riots in 2024 highest globally: Allianz Commercial
India, Pakistan, South Korea top 10 countries by frequency globally last year, according to a report.
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- April 9 2025
WTW elevates Carlos Ortega as cyber leader for Hong Kong, greater China
Ortega, who was earlier lead for Hong Kong, has held senior roles across Asia and Latin America, focusing on financial and cyber insurance.
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- April 7 2025
Japanese insurers set for excess capital boost to lift overseas expansion: AM Best
Business improvement orders from Japan’s Financial Services Agency expected to accelerate sale of their strategic equity holdings, according to the global rating agency.
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- April 7 2025
Tokio Marine to net US$1.2bn from Mitsubishi share buyback
TMNF plans to tender its entire holding in the conglomerate as part of the Japanese insurer's plan to divest cross-holdings.
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- April 5 2025
CMB Wing Lung Insurance sees growth in marine: AM Best
The rating agency has affirmed A (excellent) rating with a stable outlook to the Hong Kong insurer supported by its very strong balance sheet, strong operating performance and neutral business profile.
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- April 4 2025
Trump’s tariffs on Asia to strain supply chains and regional economies
As markets react negatively, experts warn of potential vulnerabilities, particularly in sectors like specialty insurance and agriculture, highlighting the far-reaching implications of escalating trade tensions.
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- April 3 2025
Prudential names John Cai as Malaysia, Indonesia, Vietnam, and agency CEO
Hong Kong-based Cai's appointment comes as Solmaz Altin, regional CEO for growth markets, health and agency, relocates to Europe.
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- April 3 2025
Berkley deal to add US$272m to Mitsui Sumitomo’s earnings: Fitch
No immediate effect on MSI ratings after Berkley stake buy and the merger with Aioi Nissay merger, the rating agency said.
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- April 1 2025
Gard appoints Akira Arii as senior adviser, Japanese branch representative
Appointment comes ahead of the retirement of Shuichi Yoshida, who has held the position since 2022.
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- April 1 2025
Chubb promotes senior Hong Kong trio
Patrick Wong assumes role of head of global client executive, with Queency Chau and Barry Yu also promoted.
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- April 1 2025
‘Welcome reprieve for buyers’ at 1.4, Japan cat XoL rates down 10-15%: Howden Re
Risk-adjusted rate reductions in Asia Pacific and varied specialty renewal outcomes reflect ‘hard market softening’ at April 1, the broker said in its post-renewal report.
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- April 1 2025
Megaquake in Japan’s Nankai Trough could cause US$2trn economic losses, kill 300,000
Government expert panel estimates about an 80% chance of a magnitude 8 to 9 earthquake along the tremulous seabed zone occurring within 30 years
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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
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.
