Country: East Asia Page 15 / 236
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- November 2 2025
Taiwan’s new solvency regime seen posing limited risk to insurers: AM Best
Non-life insurance segment maintains its stable outlook driven by healthy operating profitability in 2024 and regulatory initiatives that support improvements in underwriting.
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- October 31 2025
Peak Re hires Korean Re veteran Eun Jeong Lee as senior retrocession vice president
Lee relocates from Singapore to Hong Kong after spending over two years as deputy branch manager for Korean Re.
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- October 31 2025
Hong Kong’s Cyberport aids Otonomi’s US$5m Series A funding round
Oversubscribed round for the New York City-headquartered blockchain-enabled parametric insurance platform was also led Hivemind Capital, Rothschild & Co Asset Management, ATX Venture Partners, and Portline Capital.
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- October 30 2025
China empowers mainland insurers to issue sidecars in Hong Kong
NFRA notice on ILS seeks to enhance catastrophe risk management capabilities of Chinese insurers and strengthen Hong Kong's position as an international risk management hub.
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- October 27 2025
Axa Tianping P&C handed rating upgrade as portfolio rejig, parent support strengthen performance
S&P Global raised Axa Tianping’s financial strength and long-term issuer credit ratings to ‘A’ from ‘A-’, with a stable outlook.
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- October 27 2025
Hong Kong insurers’ H1 GWP at US$7.5bn, underwriting profit at US$180m: HKIA
The industry reported gross claims of US$3.3bn, while overall operating profit stood at US$840m, the regulator said.
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- October 23 2025
London P&I Club opens representative office in Shanghai
The new office in Mainland China is led by Wenjia Gao and reflects the club's long term commitment to Asia, according to chairman John Lyras.
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- October 22 2025
Peak Re’s ratings unaffected by ownership changes: AM Best
US insurer Prudential Financial has divested its stake in Peak Re to KKR and Quadrantis Capital.
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- October 22 2025
Exclusive: BHSI faces claim after Hong Kong’s Chinachem Tower fire
Willis is understood to be the broker, while Charles Taylor is the loss adjuster.
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- October 21 2025
BHSI eyes Japan expansion, registers local company
The specialty carrier is planning to recruit a team of Japanese underwriters, including senior leaders.
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- October 21 2025
KKR, Quandratis Capital pick up minority stake in Peak Re
The two private equity funds bought out Prudential Financial's 13% indirect shareholding in the Hong Kong reinsurer.
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- October 20 2025
Industry review, new corporate info drive Fitch upgrade for Construction Guarantee
While the rating agency expects CG’s capital strength to remain stable, COR rose to 126% in 2024 from 68% in 2022, driven by higher guarantee claims and additional reserves amid economic strain, high interest rates and rising construction costs.
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- October 20 2025
Markel Greater China targets double-digit growth, doubles down on marine, AI risks
Buoyed by 220% growth in 2024, the specialty carrier targets top spot on the Lloyd's China platform by year-end, says Chelsea Jiang, Greater China MD.
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- October 17 2025
Dah Sing Insurance eyes medium-term growth through new initiatives: AM Best
The rating agency has upgraded the DSI’s outlook to positive from stable and affirmed its financial strength rating of A- (excellent) and long-term issuer credit rating of “a-” (excellent).
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- October 15 2025
China’s plan to tighten commission controls for non-motor market to improve pricing: Fitch
New measures, which will take effect on November 1, aim to shift competition away from commission-driven sales toward profitability and risk-based pricing discipline.
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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
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
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.
