News Page 12 / 1235
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- March 24 2026
‘This is not accurate’: LMA insists lack of war insurance cover not reason for limited Strait of Hormuz activity
US President Donald Trump extends his deadline for Iran to reopen the key waterway, saying the US would hold off on power plant strikes for five days.
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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.
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- March 23 2026
ARPC declares end of ex-Tropical Cyclone Narelle after 162 hours
System brought up to 200mm of rain to some areas having made landfall in Far North Queensland on Friday.
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- March 23 2026
Lockton appoints Glenn Preece as Pacific growth leader
Broker also taps Sare Ozkara as head of market strategy, engagement, and portfolio solutions.
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- March 23 2026
Willis partners with Circles for fine art facility with lower premium threshold
Offered across Hong Kong, Singapore and Thailand, it can cover art assets of up to US$230,000 for private collectors.
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- March 23 2026
Insurers prevail in Singapore’s top court over US$56m oil rig claim
ArgoGlobal, China Taiping, Great American, MS First Capital and QBE successfully appealed against a Singapore High Court decision in favour of OCBC Bank.
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- March 23 2026
Berkley Insurance Asia names Kenneth Cheong as new head of marine
He replaces Ju-An Lee, who is shifting to the newly created role of senior advisory and talent development leader.
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- March 22 2026
Ex-Tropical Cyclone Narelle tracks across Northern Territory, set to re-intensify off Kimberley coast
Heavy rain likely to cause significant and rapid river level rises across the Katherine River catchment, according to the Bureau of Meteorology.
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- March 22 2026
Chubb reveals plans for US$20bn Strait of Hormuz reinsurance coverage
Initiative is a public-private partnership between the International Development Finance Corporation, Chubb and other name-brand American insurance companies that will act as reinsurers.
