Country: East Asia Page 1 / 216
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- July 22 2025
South Korea flood motor claims rise to US$22m: report
At least 17 people died in floods and landslides caused by the torrential rain, which started last week and intensified over the weekend.
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- July 21 2025
Vietnamese (re)insurers brace for Typhoon Wipha, Hong Kong facing US$255m bill
Heavy rainfall and strong winds are expected across northern Vietnam, posing risks of flooding and damage, particularly in coastal areas.
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- July 21 2025
DB Insurance’s operating performance and capital remain strong despite unfavourable economy: AM Best
Rating agency has affirmed the financial strength rating of A+ (superior) and the long-term issuer credit rating of “aa-” (superior) of the South Korean insurer.
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- July 18 2025
South Korea hit by torrential rain with 4 dead, 500 properties damaged
Over 400mm of rain fell over three days, with most rain-related fatalities reported in South Chungcheong province.
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- July 17 2025
Toa Re’s FY24 net income grows 83% to US$190.4m, driven by investment gain
Net premiums written, however, fell by 1.8% year on year to US$1.8bn.
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- July 16 2025
MSIG paid out claims totalling US$44.3m in Hong Kong and Macau in 2024
Insurer's claims settlement ratio reached 94.5%, rising for the third consecutive year, up from 92.4% in 2021.
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- July 16 2025
Markel confirms Chelsea Jiang as greater China managing director
Hong Kong-based Jiang previously was chief technical and innovation officer for general insurance at Axa greater China.
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- July 16 2025
Tokyo flooding to bring minimal losses, but highlights growing need to adjust underwriting strategies, flood models
While the event may not significantly impact (re)insurance pricing, loss adjusters told InsuranceAsia News that insurers need to respond to increasing attritional nat cat losses.
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- July 16 2025
Generali GC&C names Dan Cunningham head of risk engineering, loss prevention for Asia
Hong Kong-based Cunningham has relocated from London.
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- July 15 2025
Aspida Life Re completes second Japanese reinsurance deal
Ares Capital-backed Bermudan carrier will reinsure new or incoming flow business for a Japanese yen-denominated fixed annuity product.
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- July 14 2025
Miller launches South Korea marine practice after Marsh team raid
KyungSeop (KS) Shim will lead the new team as head of specialty, and is joined by Justin Roh, Hana Jung, and Jayce Park.
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- July 14 2025
HDI Global, Descartes collaborate to offer parametric earthquake cover in Japan
Claims will be triggered based on thresholds measured by Japan Meteorological Agency’s shindo seismic intensity.
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- July 14 2025
Howden appoints Phil Steel as associate director for business development in Hong Kong
'Seasoned insurance sales professional' joins the broker from Aon.
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- July 10 2025
Zurich hands Jim Qin expanded role as CEO for Hong Kong life and general insurance arms
Qin has been the CEO for the global insurer's Hong Kong general insurance business since 2021.
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- July 9 2025
Mitsui Sumitomo to acquire Japanese W&I specialist MGA Time Machine
Japanese insurance group MSI will take a majority ownership of the MGA on August 1, and the remaining shares later to make it a 100% subsidiary.
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- July 8 2025
Cambiaso Risso expands to Hong Kong, eyes Philippines entry
Italian marine broker's new office in the SAR will be led by Swedish Club's Lars Malm and service the greater China region.
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- July 7 2025
Swedish Club appoints Julia Ju as chief executive of Hong Kong branch as Lars Malm departs
The P&I club has also appointed Jason Wu as regional director for underwriting in greater China.
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- July 7 2025
China’s ZhongAn raises US$500m via secondary placement in Hong Kong
The proceeds will primarily support the Chinese digital carrier's core insurance and asset management business.
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- July 7 2025
FWD Group debuts on Hong Kong stock exchange
Hong Kong insurer raised US$445m from the IPO, valuing the company at over US$6bn.
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- July 7 2025
CNPC Captive to maintain sound underwriting profits, with support from parent, government: S&P Global
The rating agency assigns its 'A+' local currency long-term issuer credit and insurer financial strength ratings, with stable outlook, to the captive insurer of China National Petroleum Corporation.
