News Page 116 / 1174
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- May 16 2025
India’s reforms on hold as IRDAI seeks new chairman: report
Debasish Panda completed his three-year term as chairman of the Insurance Regulatory & Development Authority of India (IRDAI) on March 13.
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- May 16 2025
Tokio Marine Indonesia to sustain strong capital buffers, overall earnings: AM Best
AM Best affirmed its insurer rating of A- (excellent) with a stable outlook.
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- May 16 2025
HDI builds out North Asia liability team with TaeHan Kim as underwriting manager
Joining from Scor Australia, Kim will be based in the specialty (re)insurer's Hong Kong office.
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- May 16 2025
Gallagher ships in Aon’s Sanjay Mehra as head of marine in India
Mumbai-based Mehra previoulsy worked for Aon, Marsh, K.M Dastur, Howden and ICICI Lombard.
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- May 15 2025
Philippines’ P&C growth supported by rising demand, stabilised reinsurance capacity: AM Best
However, underwriting performance is subject to greater volatility due to the country's increased nat cat exposure.
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- May 15 2025
WTW hands Luke Ware expanded dual role as head of Asia
New position is alongside his existing role as head of corporate risk and broking for Asia.
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- May 15 2025
IAG’s 10-month nat cat bill at US$580m, tracking 22% below allowance
Its FY25 profit guidance in on course to increase by 12% to US$1.2bn.
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- May 15 2025
South Korean insurers see steep solvency decline amid rising liabilities: reports
Insurance Financial Solvency Ratio for non-life insurers dropped by 16% percentage points quarter on quarter to 211%.
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- May 15 2025
Vietnam’s PVI partners South Korea’s EGI for engineering guarantee insurance foray
Cooperation aims to create favourable conditions for South Korean construction enterprises to participate in infrastructure projects in Vietnam.
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- May 15 2025
IAG to acquire RAC Insurance in US$870m deal
Deal includes a US$612m, 20-year exclusive distribution agreement with The Royal Automobile Club of Western Australia for RAC branded home, motor and niche insurance products.
