News Page 15 / 1276
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- May 27 2026
Michael Hannigan returns to AIG in Australia
He begins a second stint following over two years at Berkshire Hathaway Specialty Insurance.
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- May 27 2026
Insured losses from late-November storms in Australia trimmed: Perils
Personal lines property losses represent 67% of the loss, while commercial lines property losses represent 21% and motor losses 12%.
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- May 26 2026
South Korea’s FTC raids 8 non-life insurers over suspected bid-rigging: report
- Industry associations
- South Korea
- DB Insurance
- Hanwha General Insurance
- KB Insurance
- Meritz Fire & Marine Insurance
- Samsung Fire & Marine
Fair Trade Commission conducted on-site investigations into suspected collusion in bids for corporate group accident insurance policies.
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- May 26 2026
Asia emerges as cyber growth frontier amid rising ransomware threats: CyberCube-UIB report
Vietnam recorded Asia’s fastest ransomware growth, while low cyber insurance uptake among SMEs and modest limits for large corporates point to major expansion opportunities, the report said.
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- May 26 2026
Lockton appoints Andrew Wansey as growth, client strategy leader in Australia
Sydney-based Wansey brings more than 30 years of experience, including 15 years at Marsh.
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- May 26 2026
GIC Re’s FY26 underwriting loss narrows to US$224m, COR improves to 104.66%
Carrier’s net profit for the financial year rose by 30% to top US$1bn, with GWP up at US$4.6bn.
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- May 26 2026
Levies on general insurers risk exacerbating insurance affordability pressures: ICA
Insurance Council of Australia (ICA) argues the general insurance industry should not subsidise misconduct claims by other subsectors of financial services under the Compensation Scheme of Last Resort (CSLR).
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- May 26 2026
Zurich’s US$11bn Beazley deal draws Australian antitrust scrutiny over ‘competitive overlap’
New mandatory merger control regime has prompted the the Australian Competition and Consumer Commission (ACCC) to examine whether the deal will affect the supply of specialty insurance products.
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- May 26 2026
Insurers warm to APAC nuclear boom as energy demand surges, reactor construction accelerates
Driven by industrialisation and data-center growth, Asian countries are turning to next-generation reactors and small modular units, prompting new insurance facilities and growing (re)insurance capacity.
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- May 25 2026
China floods trigger US$110m in losses as claims top 33,000
Insurers have paid out US$31m in claims following heavy rains across southern and central China, according to the National Financial Regulatory Administration.
