Country: East Asia Page 3 / 227
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- December 8 2025
‘China Taiping good enough on its own’ after Wang Fuk Court fire, HKIA CEO Clement Cheung says
About 10,000 active life insurance policies from 35 insurers and 1,800 property policies from 35 insurers have been identified as having been issued to residents, he adds.
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- December 8 2025
Angie Siu to lead Latitude Brokers’ Hong Kong teams after WTW switch
Hong Kong-based Siu joins from WTW, where she spent over 8 years, most recently as director, marine.
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- December 8 2025
Mitsui Sumitomo to get WR Berkley board seat after 12.5% stake acquisition
Following the US$3bn share buy, Japanese carrier is likely to nominate a board member by March, as per an earlier agreement.
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- December 5 2025
Wang Fuk Court unlikely to alter China Taiping’s rating fundamentals: AM Best
Rating affirmed the carrier’s ratings as it is well-positioned to manage the claims, supported by its parent company and prudent reinsurance arrangements.
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- December 5 2025
Solera ‘ready to invest’ in Hong Kong market
US provider of claims management software wants to expand its footprint in APAC having already established themselves in Japan, South Korea, Vietnam, Australia, Singapore, Thailand, and mainland China, according to international managing director, Arnaud Agostini.
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- December 4 2025
Hong Kong fire losses manageable for sole insurer China Taiping: Fitch
Strong state-linked support, diversified operations and solid capital alongside extensive reinsurance underpin the view that net losses from the deadly fire at Wang Fuk Court will remain within rating sensitivities.
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- December 4 2025
Tiptree shareholders approve US$1.65bn Fortegra sale to South Korea’s DB Insurance
All-cash deal was approved at a special meeting on Wednesday.
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- December 4 2025
30 Hong Kong insurers issued over 8,700 life, property policies to Wang Fuk Court residents: HKIA
Hong Kong Insurance Authority (HKIA) CEO Clement Cheung says the authority has set up a special task force, led by senior executives, following last week's deadly blaze.
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- December 4 2025
APAC non-life insurers to remain stable in 2026 as capital strength offsets regulatory, catastrophe pressures: Fitch
Stable margins and strong solvency expected, Fitch says, with disciplined pricing and steady reinsurance support underpinning a neutral outlook.
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- December 4 2025
Liberty Specialty Markets revamps APAC underwriting structure with 5 promotions
Moves for Marcus Thomas, Brett Gardiner, Angelo Maniatis, Shawn Anderson, and Ben Hissey impact Singapore, Hong Kong, China, India, Malaysia, and Australia.
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- December 2 2025
Tai Po fire to further erode Hong Kong’s P&C underwriting margins, cause recalibration of risk retention, pricing policies: S&P
Deadly incident is likely to further reduce the earnings for P&C insurers following extreme weather earlier in the year.
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- December 2 2025
Tai Po fire to halt ‘downward pressure’ on Hong Kong property reinsurance rates: AM Best
Impact of the deadly fire will be widely felt by Hong Kong's (re)insurers, according to the credit rating agency.
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- December 1 2025
South Korea’s financial watchdog slams ‘extremely low’ cybersecurity investment after Coupang breach
Online retailer apologises for a massive data breach, potentially involving nearly 34 million local customer accounts.
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- December 1 2025
Asia Pacific accounts for half of US$22bn losses from 2025 tropical cyclones: Munich Re
Reinsurer’s preliminary estimates reveal a paradoxical season with numerous severe storms but total and insured losses far below decadal averages.
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- December 1 2025
Marsh veteran Rebecca Poon takes up Howden role in Hong Kong
InsuranceAsia News first reported in September she was leaving Marsh Hong Kong after 42 years.
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- December 1 2025
Opinion: Mutually beneficial to address Hong Kong’s marine war insurance needs
Hong Kong Marine War Risks Insurance Pool will focus on providing marine war risk insurance, covering vessel loss or damage caused by acts of war, piracy, terrorist attacks, and related geopolitical incidents.
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- November 28 2025
Wang Fuk Court: China Taiping confirms it provided coverage for all major insurance policies as death toll passes 120
Hong Kong insurer says it underwrote the construction works insurance, construction employee compensation insurance, owners' corporation third-party liability insurance, property insurance, and public liability insurance for the public housing estate, as first reported by IAN.
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- November 28 2025
Korean Re approved to open branch in India’s Gift City
South Korean reinsurer plans to officially commence operations in April.
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- November 28 2025
Exclusive: Hong Kong housing estate fire property claim could top US$200m, with China Taiping the sole insurer
Hong Kong firm provides the master property insurance for the Wang Fuk Court housing estate, as well as contractors’ all-risk policy, including third-party liability, and employee compensation cover.
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- November 26 2025
Japan P&I announces 5% premium hike for 2026 renewal amid geopolitical tensions, inflationary pressure
Increase applies for owners’ and charterers’ entries, while rates for Japanese coastal vessels will increase by 10% and FD&D will also see a rise of 5%.
