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- July 1 2025
GIC Re hands Asta its Lloyd’s syndicate’s managing agency services
The agreement with the Davies-backed managing agency relates to the open and prior years of the Indian reinsurer's GIC syndicate 1947.
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- July 1 2025
APAC 1.7 renewals see ‘significantly more reinsurance capacity than demand’: Gallagher Re
Loss-free cat programs in Australia and New Zealand saw 5-12.5% risk adjusted reductions, while loss-free risk programs saw rates down 2.5-10%.
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- July 1 2025
Nuclear fusion is the next frontier for insurers, but collaboration essential amid sustainable energy push
China, alongside the UK, US, and Germany, are the leading nations in the global drive to create fusion power.
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- June 25 2025
Tokio Marine seeks ‘geographic diversity’, eyes US P&C expansion amid global acquisition push: report
New CEO Masahiro Koike says 'if there are good opportunities, we want to grab them'.
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- June 23 2025
‘APAC players are very engaged in ILS’: Twelve Securis seeks to fill the gap as cat bonds peak interest
Swiss asset manager is considering opening an office in Singapore or Hong Kong amid potential for cat bonds in the region, particularly from Chinese issuers and many Asian players looking to expand beyond traditional players like Japan.
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- June 20 2025
Further war rate adjustments expected amid intensifying Middle East conflict, Swedish Club warns
P&I club also anticipates increased focus on compliance-related issues in order to identify certain increased risk elements.
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- June 20 2025
Opinion: Specialty market set to be tested in the fire once again as Iran escalation evokes memories of Gulf War
Conflict between Israel and Iran is bringing back memories of the Gulf War, which was seen a key testing ground for the resolve of the marine market, with numerous attacks on ships.
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- June 19 2025
Marine insurers lift prices for Strait of Hormuz by 60% amid safety fears: FT
Cost of cover for a US$100m ship has risen from US$125,000 to US$200,000 since the start of the conflict between Israel and Iran last week, according to Marsh McLennan.
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- June 19 2025
Fitch upgrades QBE with reserve risk volatility set to ease, net income hits US$1.8bn in 2024
Rating agency upgrades insurer financial strength ratings of QBE Insurance Group's core subsidiaries to AA- (very strong), and QBE's long-term issuer default rating to A with a stable outlook.
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- June 19 2025
Strait of Hormuz tanker collision highlights dark fleet dangers, but not seen as war event
Adalynn and Front Eagle collided on Tuesday in the Strait of Hormuz amid the ongoing tensions between Iran and Israel.
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- June 16 2025
Gard appoints André Kroneberg as Asia business unit head amid major global restructuring
P&I club will form five market-facing syndicates, with Bjørnar Andresen and Christen Guddal taking on global responsibilities.
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- June 16 2025
Asian and financial risks, cyber, silos on the agenda as insurers, risk managers face complex challenges
Geopolitical risks were at the heart of the agenda at the 2025 Airmic Conference in Liverpool, where risk managers from the UK, Ireland, and Europe gathered last week.
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- June 13 2025
Zurich Cover-More announces new CEO as Asia veteran David Fike prepares to retire
Jeff Rutledge will take over as chief executive of the Sydney-based travel insurer from July 1, while Emily Yoo has been handed an expanded role to lead integration with Travel Guard.
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- June 12 2025
Watershed moment as insurers told to cover jets stranded in Russia
AerCap, which owns 116 of the planes, was awarded US$1bn after the judge ruled that the cause of the loss was 'an act or order of the Russian government' and should be covered by war risks policies.
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- June 12 2025
As balance of power shifts, Asian property cat cedents can take heart from Florida renewal season
Following recent years in which capacity has been restricted, reinsurers are demonstrating an increased risk appetite at a reduced rate.
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- June 11 2025
Samsung Fire & Marine to buy additional 21% stake in Canopius
Transaction will increase the Korean insurer's total share to 40%.
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- June 10 2025
Swiss Re promotes Giv Kahrom to head of cyber for regional markets
Singapore-based Kahrom will oversee cyber underwriting and business development in all global markets, excluding the US and the UK.
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- June 9 2025
Japan’s Mitsui Sumitomo Insurance domestic operations performance to remain stable: AM Best
The rating agency has affirmed financial strength rating of A+ (Superior) and long-term issuer credit rating of “aa” (Superior) to MSI.
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- June 9 2025
Putting Markel on the map: International president Andrew McMellin eyes US$500m APAC premiums written by 2030
Specialty insurer also targets US$5bn of premiums across its international markets, while trying to get a 50/50 balance between London and non-London books of businesses.
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- June 9 2025
Manulife unit to re-domicile to Hong Kong from Bermuda in November
Second insurer after Axa to shift its base under Hong Kong's new company re-domiciliation regime.
