News Page 15 / 1289
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- June 17 2026
Underwriters far from returning to pre-war war risk pricing even as US-Iran deal looms, brokers say
Marine war rates are likely to remain around 1% for the next week or so, with a possible drop to the 0.8%–0.6% range in the subsequent week should there be genuine and sustained signs of de-escalation.
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- June 17 2026
ACCC approves Zurich-Beazley deal, finds ‘unlikely’ threat to competition
Two insurers would likely continue to face competition from multiple alternative suppliers of specialty insurance products in Australia, according to the Australian Competition and Consumer Commission (ACCC).
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- June 17 2026
Brokers back fire levy review, call insurance funding model an ‘unfair burden’
Insurance Council of New Zealand chief executive Kris Faafoi also says the latest review is a timely and positive step toward ensuring the long-term sustainability of a critical public service.
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- June 17 2026
India’s GIC Re appoints Hitesh Joshi as chairman, MD
He most recently served as interim chairman and MD, following the retirement of Ramaswamy Narayanan.
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- June 17 2026
Collaboration critical for insurers, brokers, risk managers to navigate rapidly evolving risks, Markel leader warns
Rohan Davies, managing director for the London market at Markel International, tells InsuranceAsia News on the sidelines of the Airmic Annual Conference that traditional insurance programs no longer reflect real-world risk.
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- June 16 2026
Liberty Mutual hands Defne Turkes additional global president, MD role
Singapore-based Turkes will lead strategic growth across commercial insurance for Liberty International Insurance globally as well as retail markets in Asia.
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- June 16 2026
Descartes Underwriting gains Lloyd’s coverholder status via new Oak Global partnership
Parametric specialist's APAC expansion will be supported by access to Lloyd’s capacity.
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- June 16 2026
India to sell up to 5% of GIC Re via share placing
Government is divesting part of its stake to comply with minimum public ownership regulations.
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- June 16 2026
Cyber insurance limit adequacy under the microscope across Asia as average ransomware event cost tops US$5m
More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to Willis' latest cyber report.
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- June 16 2026
Markel accelerates Asia push in bid to rebalance global book, but ‘not before we are ready’
Markel International president Andrew McMellin and APAC managing director Sucheng Chang tell InsuranceAsia News about how the specialty carrier's regional build-out reflects a broader push to replicate London-based expertise in regional markets.
