News Page 17 / 1347
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- September 21 2026
Tower grows reinsurance limit to US$555m, reduces costs
Kiwi insurer's FY27 reinsurance expenses are expected to cost around 9.5% of its GWP, down from 10.6% in FY26.
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- September 21 2026
IAG denies Greensill settlement with Credit Suisse
Australian insurer says it has yet to reach a settlement in the multi‑billion‑dollar lawsuit, responding to an Australian Financial Review report that parties had struck an out‑of‑court deal.
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- September 21 2026
Canopius bolsters APAC leadership team with senior claims, underwriting appointments
Specialty and P&C (re)insurer appoints Richard Adamczyk as senior claims manager for Australia and New Zealand, alongside Louise Wai as APAC head of property, direct and facultative, and Jack Hullah as APAC head of credit and political risk.
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- September 20 2026
AIG appoints Daina Muceniece as regional head of trade credit for APAC
She relocates to Singapore from London, where she was EMEA and UK multinational lead, specialising in trade credit, for AIG.
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- September 19 2026
Full Capacity: EAIC reads the room on rates, risk and resilience
This week's newsletter also discusses HK's new insurance initiatives, Miller's Malaysia entry, mounting costs from the Kumamoto earthquake, Ageas selling its Etiqa stake and the Zurich-Beazley deal.
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- September 18 2026
Former CCB manager sentenced to four years in jail for US$470,000 Vesttoo bribery
Lam Chun-yin authenticated multiple forged CCB standby letters of credit and two fake collateral letters on behalf of Hong Kong investor Yu Po, together totalling over US$1.6bn.
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- September 18 2026
Envest, Labuan Re, Allianz Commercial, Willis: 14 APAC insurance people moves of the week
Aon, Marsh, Howden, Lockton, Coface, BMS Group, Miller, Starr, Specialist Risk Group, and TQR also made personnel changes over the last week.
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- September 18 2026
Chiba torrential rains trigger US$225m in insurance payouts across 30,000 claims: GIAJ
As of August 28, motor claims account for almost 60% of losses with payouts totalling over US$131m across over 19,100 claims.
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- September 18 2026
Niyam Group adds Aditi Chaturvedi as actuarial director
Chaturvedi, who will be based in Gujarat International Finance Tech-City (Gift City), joins from Accenture, where she was an actuarial senior principal for the last four years.
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- September 18 2026
Indonesia’s Asuransi Bintang downgraded to BBB+ by Fitch following fraud investigation
Insurer was under investigation at the end of December for alleged investment fraud and payroll-related embezzlement totalling US$3m, which could lead to the weakening of its capital and liquidity position.
