Country: East Asia Page 3 / 235
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- May 11 2026
Tokio Marine Newa’s capitalisation to strengthen on profit retention, shareholder injections: AM Best
The rating agency assigned an A (Excellent) financial strength rating with a stable outlook to the Taiwanese carrier.
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- May 11 2026
Sompo confirms Kelvin Woo as chief distribution officer for Hong Kong, Macau and Taiwan
His appointment was first reported by InsuranceAsia News last month.
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- May 7 2026
Korean non-life overseas businesses weaken in 2025 as nat cats bite, life insurers surge on M&A
Financial Supervisory Service says it is closely monitoring overseas operations’ financial stability, citing market volatility, Middle East tensions and climate risks.
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- May 7 2026
Chinese insurers pay US$2.2m in aftermath of deadly Hunan fireworks factory explosion: reports
PICC, Ping An, China Life, Taiping and Sunshine Insurance face the most exposure and have activated emergency response plans and sped up claims settlement.
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- May 6 2026
Deadly China fireworks blast triggers US$878,000 work safety payout from Ping An P&C
President Xi Jinping orders an investigation after Monday's explosion at a fireworks manufacturing hub in south-central Hunan province kills at least 26 and injures 61.
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- May 4 2026
AIG elevates Hong Kong duo to casualty lead roles
Insurer promotes Evelyn Li to casualty corporate lead, and Carmen Ho to casualty major account lead.
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- May 3 2026
Gallagher Re elevates Jun Liu to head of China agriculture
He retains his existing responsibilities as deputy head of Gallagher Re's Beijing office.
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- April 30 2026
Peak Re FY25 GWP up 25% to US$2.2bn, COR at 87.9%
Hong Kong reinsurer’s reinsurance service result totalled US$162.9million, 12.7% year-on-year increase, while net profit was up marginally at US$189.5m.
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- April 30 2026
AI creates cybersecurity ‘arms race’, Hong Kong firms face rising threat: Blackpanda’s George Wong
Cyber incidents hit a record high in 2025, and firms urgently need stronger defenses like zero-trust systems and multi-factor authentication.
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- April 30 2026
Allianz Trade appoints Bruce Lan as commercial director for China
Shanghai-based Lan has been with the trade credit insurer for nearly a decade, joining as regional sales manager for multinationals for APAC.
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- April 29 2026
Japan insurers’ major nat cat claims hit US$464m in FY25, Kyushu floods drive 91% of losses: GIAJ
Torrential rains that struck Kyushu in August cost carriers US$424m in claims, according to data from General Insurance Association of Japan.
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- April 29 2026
‘Catastrophic failure’ risk looms amid warning Shanghai floods could expand 80% by 2100
Study shows China's international financial hub requires layered defences, but also that the risk of a 'catastrophic failure' is real.
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- April 28 2026
Japan’s space programme stumbles with back‑to‑back failures, but insurers remain grounded
Recent failures of Japan's Kairos and H3 rockets were reportedly uninsured and are not expected to materially impact space insurer profitability, although launch delays may have minor indirect effects.
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- April 28 2026
Exclusive: Kelvin Woo set to leave QBE for Sompo Hong Kong role
Hong Kong-based Woo, who was head of corporate underwriting for Hong Kong and Macau, will join the Japanese insurer in a distribution role next month, InsuranceAsia News understands.
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- April 27 2026
Aon promotes Lee Huang Ng to chairperson for Taiwan
Taipei-based Ng will continue in her role as broker's chief executive officer for the territory.
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- April 27 2026
Moody’s upgrades Peak Re’s financial strength rating to A3
Peak Re said the upgrade was a reflection of its underwriting performance and governance framework.
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- April 24 2026
+8 Partners elevates Taiwan veteran Wendy Kao to deputy chair
Taipei-based Kao will continue to serve in her role as Taiwan chief representative for Rare Earth Insurance Partners.
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- April 24 2026
Hong Kong posts strong gross premiums in 2025, but P&C underwriting profits hit by Wang Fuk Court
Underwriting profits in Hong Kong's onshore property damage business fell last year by 97.2% due to reserving and losses arising from the Wang Fuk Court tragedy in November.
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- April 23 2026
Seconded employees of Japanese insurers allegedly took Toyota data without permission: report
- Insurers
- Japan
- Aioi Nissay Dowa Insurance
- Mitsui Sumitomo Insurance
- MS&AD
- Sompo
- Tokio Marine & Nichido Fire
Acts by Tokio Marine & Nichido Fire, Mitsui Sumitomo and Aioi Nissay Dowa employees could breach privacy and competition laws, according to The Japan Times.
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- April 23 2026
Hong Kong advances ILS frameworks, including sidecars, Bermuda ties: IA chief
Insurance Authority (IA) CEO Clement Cheung tells InsuranceAsia News that Hong Kong will create a regulatory framework 'in the near future', while chairman Stephen Yiu calls for a deeper catastrophe bond ecosystem to attract private capital.
