Country: East Asia Page 4 / 234
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- March 31 2026
China Re’s P&C net profit drops marginally to US$740m as revenue stays flat
Domestic P&C COR deteriorated to 95.98% as reinsurance service performance fell by half to US$109m.
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- March 31 2026
Specialty MGA hires HDI veteran Uwe Sievers to drive Japan expansion
As director business development, he will report to MNK Group chairman Manoj Kumar.
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- March 31 2026
Kensuke Hirai succeeds Ken Unoki as MSIG Singapore’s MD
Unoki is taking up a role at MSIG's head office in Japan.
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- March 31 2026
‘The onus is on all of us’: Hong Kong’s ILS market needs buy in from local investors, Peak Re says
Awareness of the asset class and its benefits is low among locally based funds in Hong Kong, head of third-party capital Iain Reynolds tells InsuranceAsia News.
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- March 31 2026
Peak Re grows FY25 underwriting result 12.7% to US$163m, GWP up 25%
Hong Kong carrier's reinsurance revenue grew 33% to US$1.5bn, while GWP stood at US$2bn, according to the annual results of parent company Fosun International.
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- March 31 2026
MSIG taps Masanori Ishibashi as Hong Kong deputy CEO
He takes over from Shujiro Suzuki, who will move to a new role within the MSIG group.
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- March 31 2026
Capital optimisation key for Japanese insurers as new solvency regime arrives
New economic value-based solvency regime will replace the existing solvency margin ratio with an economic solvency ratio on Tuesday.
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- March 30 2026
South Korea non-life carriers’ insurance income plunges 32% despite premium growth
Insurance income fell to US$3.7bn in 2025, but premium income grew 10% to US$92bn, Financial Supervisory Service data shows.
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- March 30 2026
Korean broker Simon Global launches Hong Kong-based MGA SXG Underwriting
SXG Underwriting receives Lloyd's coverholder approval and will initially focus on healthcare liability.
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- March 27 2026
CPIC’s P&C insurance division shows ‘marked improvement’
Combined ratio fell by 1.1% to 97.5% in FY25, while the division’s primary premium income was almost flat at US$29.6bn.
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- March 27 2026
PICC P&C’s FY25 underwriting profit zooms 119% to US$1.8bn, COR down to 97.5%
China's largest insurer reported premium income of US$80bn, while its net profit grew 25% to US$5.8bn.
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- March 26 2026
Ping An P&C doubles FY25 underwriting profit to US$1.5bn, COR improves to 96.8%
Chinese carrier's insurance revenue rose by 3.3% year-on-year to US$49bn.
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- March 26 2026
China Taiping’s Hong Kong P&C COR hits 103.4% in FY25 after Wang Fuk Court fire
Fall in underwriting results comes after its exposure to November's fire, which killed 168 people.
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- March 26 2026
XS Global hires Daniel Abramson as head of construction underwriting for APAC
Abramson, who previously worked at AIG for 17 years, will be based in Hong Kong.
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- March 25 2026
Hong Kong’s proposed RBC amendments credit positive, AM Best says
Adjustments could encourage domestic insurers with robust underwriting capabilities or strong parental backing to explore overseas growth opportunities.
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- March 25 2026
China P&I Club posts record renewal for 2026 policy year
Vessels include MV Adora Magic City, China’s first domestically built large cruise ship.
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- March 24 2026
Swiss Re’s Victor Kuk to succeed Franz-Josef Hahn as Peak Re CEO
Co-founder Hahn will assume the position of special adviser, continuing to provide strategic oversight until October 9.
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- March 24 2026
Zhang Daoming to become PICC president: report
He has been the temporary responsible officer of the People’s Insurance Company of China (PICC) since December following Yu Ze's resignation in December.
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- March 24 2026
Markel launches W&I offering in Asia with key hires in Hong Kong, India
Lloyd's carrier hires Aon's Siddick Khan as a senior W&I underwriter in Hong Kong and Shubhi Nigam as an underwriter in India.
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- March 23 2026
Berkshire Hathaway to pick up 2.5% of Tokio Marine for US$1.8bn, agree quota share deal
Wide-ranging strategic partnership between National Indemnity Company (Nico) and Tokio Marine, will also include a strategic collaboration in M&A.
