Country: East Asia Page 2 / 235
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- May 27 2026
South Korean financial regulator approves Lotte’s management improvement plan: reports
Korean insurer must implement its plan for 18 months, with the Financial Services Commission and Financial Supervisory Service monitoring the progress.
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- May 26 2026
South Korea’s FTC raids 8 non-life insurers over suspected bid-rigging: report
- Industry associations
- South Korea
- DB Insurance
- Hanwha General Insurance
- KB Insurance
- Meritz Fire & Marine Insurance
- Samsung Fire & Marine
Fair Trade Commission conducted on-site investigations into suspected collusion in bids for corporate group accident insurance policies.
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- May 25 2026
China floods trigger US$110m in losses as claims top 33,000
Insurers have paid out US$31m in claims following heavy rains across southern and central China, according to the National Financial Regulatory Administration.
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- May 24 2026
South Korea’s DB Insurance set to complete Fortegra acquisition
Insurer will acquire 100% of the outstanding shares of the US specialty carrier for US$1.65bn in an all-cash deal.
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- May 22 2026
Gallagher Re confirms Carlos Grijalva as APAC head of cyber
Hong Kong‑based Grijalva’s move to join the reinsurance broker was first reported by InsuranceAsia News last month.
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- May 22 2026
South Korea to offer US$200m war-risk cover for small shippers in Strait of Hormuz
Financial Services Commission will also explore the creation of a reinsurance program to extend coverage to larger vessels with significant economic impact.
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- May 21 2026
Tokio Marine outlines capacity for over US$10bn in M&A following Berkshire deal
Beyond US deals, insurer sees Canada, Australia and Southeast Asia as priority markets for growth, according to Tokio Marine Kiln CEO Brad Irick.
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- May 21 2026
Howden creates new practice for Korean clients in US
UK broker names New York-based Brian Cho as head of the newly formed unit.
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- May 20 2026
Tokio Marine adjusted profit rises 17% to US$4.4bn on underwriting strength, lower nat cat losses
Lower capital gains from sale of equities, negative forex impact and Greensill reserving action weigh on earnings.
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- May 20 2026
Reduced nat cat losses, higher premiums propel MS&AD’s FY25 net income to US$5bn
Group's non-life business reported net premiums written of US$31.4bn for the fiscal year ended March 31, growing 7.1% year on year.
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- May 20 2026
Sompo posts record US$4bn profit, up 163% on lower nat cat losses, strong underwriting gains
Group’s insurance service result rose 93.5% to US$3.7bn, while consolidated net profit increased 71% to US$3.1bn
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- May 20 2026
Aon appoints Tokio Marine veteran Max Hirai as Japan CEO
He was most recently Asia CEO for Tokio Marine Holdings in Singapore.
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- May 18 2026
Sompo hires Megan Yeung as senior casualty underwriter for Hong Kong, Macau, Taiwan
Most recently a casualty underwriter at Axa XL, Hong Kong-based Yeung is specialised in product and general liability.
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- May 15 2026
Marsh to acquire Japanese energy giant Eneos’ insurance units
Transaction involving Eneos Insurance Service and the insurance division of Eneos Material Trading is expected to close in the third quarter of 2026.
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- May 14 2026
MS&AD completes acquisition of 18% equity stake in Barings
MS&AD had struck a deal in November to acquire the stake, worth US$1.44bn, from MassMutual, Barings' US parent.
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- May 13 2026
Howden names Alaric Lee as Hong Kong CEO, replaces Singapore-bound Alfred Sham
Sham will relocate to Singapore to take on the role of chief strategy officer for Asia.
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- May 13 2026
JKL Partners reboots sale of Lotte Non-Life Insurance: report
Relaunced sale expected to raise at least US$668m, according to a report by the Seoul Economic Daily.
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- May 13 2026
Sompo hires Sarah Lee as multinational network manager for APAC
She will be based in Hong Kong and report to Lena Liu, Sompo's Asia Pacific multinational business unit head.
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- May 12 2026
South Korea’s deposit insurance corporation launches re-bidding for Yebyeol Non-Life
Only Korea Investment Holdings previously submitted a bid for the bridge insurer of troubled carrier MG Non-Life Insurance.
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- May 12 2026
Sompo appoints Gally Wong as senior construction underwriter for Hong Kong, Macau, and Taiwan
Hong Kong-based Wong will report to Szeto Ophelia, head of property and construction for Hong Kong, Macau, and Taiwan.
