Country: East Asia Page 8 / 225
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- August 28 2025
‘We don’t need to wait’: Taiping Re eyes wider ILS program after debut cat bond
Hong Kong reinsurer considers other ILS products, such as sidecars, which meet its business and retro strategies, ILS specialists Jeffrey Li and Aaron Lin tell InsuranceAsia News.
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- August 27 2025
Sompo to acquire Aspen for US$3.5bn
Japanese insurer will pay a 35.6% premium for NYSE-listed Aspen shares in the all-cash deal.
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- August 27 2025
PICC P&C underwriting profit surges 45% to US$2bn on motor, property gains
China's large non-life carrier posted a combined ratio of 94.8%, a 1.4 percentage point improvement.
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- August 27 2025
South Korea’s non-life insurers’ H1 FY25 net income tumbles 19%
Drop driven by erosions in insurance income, underscoring pressure from rising claims costs across major lines.
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- August 26 2025
Ping An P&C H1 topline up 7%, COR down to 95.2%
Chinese carrier’s premium income increased US$23.6bn.
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- August 25 2025
Korea’s Lotte Insurance in regulatory crosshairs: reports
Regulator highlights the PE-backed insurer’s failure to manage liquidity risks, declining K-ICS ratio, poor management performance evaluations and investment performance.
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- August 25 2025
Sunshine P&C’s H1 COR improves to 98.8%; underwriting profit up 42%
Beijing-headquartered insurer's GWP was US$3.5bn, up 2.5% year-on-year, as non-motor lines posted strong growth.
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- August 25 2025
Amid breakout year, Willis supercharges Japan team as broker eyes a bigger piece of the pie
Head of Japan Roy Nakazawa tells InsuranceNews Asia about hiring 22 professionals this year across risk and analytics, facultative reinsurance, marine lines as well as business development, large accounts and claims functions.
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- August 22 2025
Japan to create new insurance regulator to strengthen oversight: reports
Financial Services Agency will be reorganised to create a separate Asset Management and Insurance Supervision Bureau in FY26, local media reports say.
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- August 22 2025
Regina Wiedmann promoted to Zurich Insurance’s CFO for Japan P&C
Wiedmann has relocated from her previous role with Zurich in Singapore to Tokyo following the appointment.
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- August 21 2025
MG Non-Life’s bridge insurer set for launch as labour union agrees to 55% employee retention: report
Yebyeol Non-life, the temporary insurer set up to manage the troubled carrier's insurance contracts, is likely to be launched next month following an agreement with the labour union.
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- August 21 2025
ZhongAn interim profit soars as underwriting gains, COR drops to 95.6%
The Chinese online insurer reported underwriting profit of US$90m, up 109% year-on-year.
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- August 20 2025
Aspen shares rally in premarket trading on reports of Sompo merger talks
New York-listed Bermudian (re)insurer is reportedly seeing interest from the Japanese insurance group.
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- August 18 2025
HDI Global appoints Mani Tsang as claims manager in Hong Kong
Tsang joins the commercial and specialty lines insurer from Axa XL, where she was the senior claims specialist since April 2022.
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- August 18 2025
Howden Re names Candy Wong as head of Hong Kong treaty
Veteran Hong Kong reinsurance broker joins from Guy Carpenter.
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- August 15 2025
DB Insurance profits hit by rising nat cat claims, rate cuts
South Korean insurer's underwriting profit fell sharply in the first half as losses mounted from natural disasters.
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- August 15 2025
Regulatory shifts drag down Lotte Insurance H1 2025 profits
Insurance operating profit for the half stood at KRW21.6 billion, reflecting the direct impact of these regulatory changes in the first quarter.
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- August 15 2025
Vesttoo creditors launch lawsuit against Aon, CCB for fraudulent conduct
The complaint alleged Aon’s IP-linked product's transactions were the primary cause of Vesttoo’s downfall, while it also sought damage from CCB for forgery of letters of credit.
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- August 14 2025
Sompo’s Q1 P&C profit up 37% on strong domestic performance
Japan unit reports 96.1% COR, a 7.2 percentage points improvement from 103.3% a year ago on strong fire and motor results.
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- August 14 2025
Hyundai Marine & Fire’s H1 profit falls 46% due to lack of previous year’s windfall
South Korean insurer’s profit plunged as underwriting losses mounted, despite stronger investment returns.
