News Page 129 / 1162
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- March 25 2025
Generali completes acquisition of China P&C business
The Italian insurer has received all regulatory approvals to take full ownership of the mainland P&C business
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- March 25 2025
Lloyd’s coverholder Salt promotes Iain Sharples to head of underwriting
He has been with the Australian MGA since April 2023, having previously worked at Zurich Financial Services Australia and Thomas Miller.
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- March 25 2025
South Korea’s P&C insurers’ net income up 3.1% to US$5.8bn in 2024
Insurance income marginally down by 1% to US$5.6bn due to higher loss ratios for motor insurance, according to preliminary statistics from the Financial Supervisory Service.
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- March 25 2025
Specialist Risk Group formally launches in APAC with Singapore hub
Business says it will focus on delivering solutions for difficult and hard-to-place risks, with an emphasis on specialty lines and complex P&C.
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- March 25 2025
Cyclone Alfred losses estimated at US$1b: ARPC
Total cyclone pool coverage period for ex-Tropical Cyclone Alfred was close to 10 days at 237.5 hours, according to the Australian Reinsurance Pool Corporation (ARPC).
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- March 25 2025
Taiping Re’s FY24 service results double to US$75m, COR improves to 92.7%
Hong Kong-based reinsurer’s total premium for the last financial year decreased by 5.1% to US$2bn.
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- March 25 2025
FSA issues business improvement orders to Japanese non-life insurers over information leaks
Regulator says 2.7m sets of information on rivals' clients were leaked by employees on loan to multi-client insurance agencies.
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- March 25 2025
Everest hands Henry Ang dual PVT, property role
Singapore-based Ang assumes role of head of political violence and terrorism for Asia, as well as property underwriting.
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- March 25 2025
Howden names Rajesh Singh as head of property in India
He has been with Howden since October 2023, having previously worked for the likes of Hero Insurance Broking, Alliance Insurance Brokers and Marsh.
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- March 25 2025
Wongi Kim to succeed Andy Ryoo as Allianz Trade’s South Korea country manager
Ryoo, who has worked at the trade insurer for 22 years, is retiring.
