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- Property & Casualty
- Published 24 Feb 2026
2025 APAC insurance M&A by the numbers
Asia Pacific insurance M&A activity surged in 2025, defying the cautious climate of the previous year and signalling a renewed strategic vigour across the region.
The market was overwhelmingly driven by relentless consolidation among brokers, MGAs, and adjusters, complemented by several blockbuster cross-border investments by insurers seeking scale and specialty capabilities.
While geopolitical and regulatory factors persisted, capital availability from global strategics, private equity, and reinsurers proved abundant, fueling domestic roll-ups and ambitious international moves.
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Helena Nikolas joins AIG as head of commercial property in Singapore
- April 7
Nikolas, who was most recently senior property facultative underwriter at Hannover Re, has relocated from Sydney.
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McLarens promotes Hang Dong, Quang Nguyen to Vietnam directors
- April 2
Pair will provide joint leadership across operations in Hanoi and Ho Chi Minh City.
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Property cat rates ease to pre-hard market levels even as Middle East turmoil tests specialty lines: Howden Re
- March 31
April renewals see orderly completion with Japan cat XoL programs seeing up to 20% risk-adjusted reductions.
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Hana Financial, Korea Investment, JC Flowers finish due diligence on Yebyeol Insurance ahead of main bid
- March 20
Korea Deposit Insurance Corporation will review the management plans submitted by the three candidates before choosing a preferred negotiating party.