News Page 159 / 1175
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- February 21 2025
P&I clubs report tonnage growth during renewals despite industry turbulence
Gard, UK P&I and NorthStandard announced successful completion of the 2025 renewal after marine insurers worldwide saw a rise in the number of large claims.
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- February 21 2025
Samsung Fire & Marine’s expects ‘no impact’ on profits, capital after rejig: report
Samsung Life is seeking to make the South Korean non-life insurer its subsidiary and clarified that it has no plans to expand its holdings.
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- February 21 2025
Market gains by large reinsurers drive consolidation in APAC: Guy Carpenter’s Tony Gallagher
Asia Pacific CEO anticipates more legacy deals aimed at eliminating underperforming blocks of business and facilitating strategic growth in the coming years.
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- February 21 2025
New Zealand’s Otago flood insured losses hit US$19.4m, top 2015 floods
Insurance Council of New Zealand data shows 1,920 private insurance claims were made following the deluge which hit at the start of October.
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- February 20 2025
Exclusive: Aon Re loses Asia CEO as trio departs for Gallagher Re
Richard Jones, Kyung Won, and Vinay Ananthanarayanan are set to join Gallagher Re's APAC team in Singapore, IAN can reveal.
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- February 20 2025
Opinion: Peter Dutton’s poorly thought-through proposals for Australian insurers are a shambles
Australia’s opposition leader suggested that his party would extend their policy of forcing supermarket chains to divest some of their assets into the insurance sector.
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- February 20 2025
Advocacy group labels ICA’s response to general insurance code review as ‘superficial’
Analysis from the Australian Consumers Insurance Lobby critiques the Insurance Council of Australia's initial response review.
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- February 20 2025
Zurich’s APAC P&C business grows, GWP up amid ‘stellar performance’ in FY24
Non-life business' COR also improved, driven by rate and claims management in the motor and health portfolios.
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- February 20 2025
Australia set for increased summer rainfall, bushfire risks: Gallagher Re
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
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- February 20 2025
India’s insurance regulator forms committee to review proposed reforms: reports
Committee, which has already held its first meeting, is being led by former State Bank of India chairman Dinesh Khara.
